An armed pro-Russian separatist (L) stands guard as monitors from the Organization for Security and Cooperation in Europe (OSCE) and a team of Malaysian air crash investigators arrive to inspect the crash site of Malaysia Airlines Flight MH17, near the village of Hrabove (Grabovo), Donetsk region July 22, 2014.  REUTERS/Maxim Zmeyev

EU talks tough, no action

BRUSSELS - The European Union threatened Russia with harsher sanctions over Ukraine, but failed to back tough talk with any immediate action.  Full Article | Related Story 

Court deals blow to Obama health law by limiting subsidies 12:31pm EDT

WASHINGTON - A U.S. federal judicial panel on Tuesday dealt a potentially devastating blow to President Barack Obama's healthcare law, throwing out a provision that provides millions of Americans with subsidies for private health insurance.

Earnings

Coca-Cola sales miss estimates as North America growth stalls 10:06am EDT

- Coca-Cola Co reported lower-than-expected quarterly revenue as sales volumes in North America, its biggest market, failed to show growth for the second straight quarter.

McDonald's profit falls on weak U.S., European sales 10:41am EDT

- Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling U.S. division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop.

Israeli soldiers ride atop an armoured personnel carrier (APC) outside the northern Gaza Strip July 22, 2014. REUTERS/Baz Ratner

Israel pounds Gaza despite peace efforts

GAZA/JERUSALEM - Israel pounded targets across the Gaza Strip, saying no ceasefire was near as top U.S. and U.N. diplomats pursued talks on halting fighting.  Full Article | Related Story 

The Starbucks logo is seen outside its coffee store in front of Zhengyangmen Gate at Qianmen Commercial Street in central Beijing, April 19, 2012.  REUTERS/Jason Lee

China food scandal drags in big brands

SHANGHAI - The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide and others, as well as McDonald's products as far away as Japan.  Video | Full Article 

A girl wearing a sign supports the start of a week-long hunger strike by seven people (not pictured), who said they were supporting immigrant children and their families fleeing violence and poverty in Central America, in Los Angeles, California July 21, 2014.  REUTERS/Lucy Nicholson

Migrant children wave poses challenge to courts

WASHINGTON - A deluge of Central American children pouring into the United States threatens to burst the seams of already overstuffed immigration courts, and President Barack Obama's steps to ease the crisis are likely to make matters worse.   Full Article 

Argentina's President Cristina Fernandez de Kirchner waves as she leaves the Itamaraty Palce after the 6th BRICS summit and the Union of South American Nations in Brasilia July 16, 2014. REUTERS/Ueslei Marcelino

Argentina in a debt standoff

BUENOS AIRES - Argentine President Cristina Fernandez's unflinching poker face in the battle against "holdout" investors suing the country is increasing the odds that her government will default at the end of this month.  Full Article 

A convoy of the Iraqi security forces is seen during a patrol, as smoke rises from clashes with Islamic State fighters, in Diyala province July 18, 2014. REUTERS/Stringer

Islamic State continues march towards Baghdad

BAGHDAD - Using its own version of "soft" and "hard" power, the Islamic State is crushing resistance across northern Iraq so successfully that its promise to march on Baghdad may no longer be unrealistic bravado.  Full Article 

Ryan Taylor, the Democratic candidate for North Dakota agriculture commissioner, repairs a cattle fence with a rope tie on his 2,900-acre ranch in Towner, North Dakota, June 24, 2014. REUTERS/Ernest Scheyder

A race to determine oil's future in North Dakota

TOWNER, North Dakota - North Dakota's biggest oil producers have picked a side and put money into an obscure election for the state's agriculture commissioner, hoping to ward off a challenger who could limit development of new wells and pipelines.  Full Article 

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Breakingviews: John Thain’s SIFI-ness

With CIT’s purchase of OneWest, the lender run by the former Goldman Sachs and Merrill Lynch boss just barely crosses the threshold into the systemically important club.