Standard & Poor's declared Argentina in default on its foreign-currency obligations after the government missed a deadline for paying interest on $13 billion of restructured bonds.
Industrial output was credited with helping to spur growth in the second quarter. Credit Danny Johnston/Associated Press. Continue reading the main story.
Photo. Snapchat lets people send photographs that vanish after viewing.Credit Snapchat. When Snapchat spurned takeover interest from the likes of Facebook and Google, investors scoffed at the audacity of the photo messaging service.
... * Fed reduces asset purchases, upgrades economy assessment. * GDP shows stronger economic growth than expected in Q2. * Twitter shares rally a day after results.
MILWAUKEE (WKOW) -- Cargill plans to close its beef harvest facility in Milwaukee, putting about 600 people out of work. The announcement came out Wednesday, with plans to close the plant at the close of business on Friday.