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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, NY 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 after the failure of last-ditch talks with holdout creditors. | Video

9:36pm 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

India's demands block $1 trillion WTO deal on customs rules

NEW DELHI/GENEVA - The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.

6:43pm 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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