Bloomberg Payrolls rose in 36 states in February and the unemployment rate dropped in 22, a sign labor market slack is gradually diminishing in the U.S. economy. California led the nation with an almost 40,000 increase in employment, followed by a 25,100 advance in New York, figures from the Labor Department showed. Jobless rates in New Hampshire and South Dakota …

Washington / AP House Republicans are preparing legislation to create a new oversight board that would help Puerto Rico control its finances, a move designed to deal with the territory’s $70 billion in debt. The legislation is in response to House Speaker Paul Ryan’s promise at the end of last year that the House would work with Puerto Rico to …

Bloomberg Argentina’s historic return to capital markets is facing a new hurdle as holders of as much as $1.5 billion in bonds from its 2001 default say they’ve been unfairly left out of settlement offers. Some of those investors — including Fore Research & Management LP and Varde Partners — teamed with others seeking to keep a judge’s order in …