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Latest Business News: Argentine Approach on YPF Settlement Sets Floor for Deal

Argentina's $5 billion informal compensation offer for seizing Repsol's stake in energy firm YPF sets a floor for talks but the cash-strapped country may struggle to come up with a better offer. Time Warner Cable service will be available to Xbox Live Gold members when the application launches later this summer. The past week has seen a rare flurry of activity in the European Union. Two major deals ? a $1.3 trillion budget for the 27-country bloc and a system for rescuing banks without making taxpayers foot the bill ? have been brokered. But the leaders from the 27 nations achieved little progress on fighting youth unemployment and speeding up plans for a so-called banking union.
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