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S&P500 index posts worst fall since April; indexes down for July

NEW YORK - The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected.

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Argentine markets fall post-default, New York hearing on Friday

BUENOS AIRES - Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the collapse of last-ditch talks with holdout creditors. | Video

11:24pm EDT

SEC launched extensive probe to identify sources in Reuters stories

NEW YORK/WASHINGTON - A U.S. Securities and Exchange Commission watchdog conducted an extensive, months-long investigation to find out who had leaked information that appeared in two Reuters stories published last autumn, but it was unable to identify the sources, according to a report of the probe seen by Reuters on Thursday.

Lawyers expect hundreds of claims at start of GM ignition-switch fund

NEW YORK - Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say.

4:52pm EDT

Disappointment, uncertainty after India blocks WTO trade deal

SYDNEY/GENEVA - Several member states of the World Trade Organisation voiced frustration after India's demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform pact in two decades.

11:17pm EDT

Burger King cuts ties with supplier in China food safety scare

- Burger King Worldwide Inc said on Thursday it would no longer buy products from OSI Group LLC suppliers in China, where the fast-food hamburger chain has about 200 restaurants.

4:43pm EDT

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