I'm an B.Sc. in industrial engineering student who decided to grab a B.Sc. in finance as well and I'm currently working on my B.Sc. thesis in finance regarding risk management in mortage houses. The rules state that I must use APA-style citation and bibliographies which has worked out OK so far.
When I was setting up my bibliography earlier today (which I have to manually because of lack of support for Icelandic in all the APA style packages I could find) I stumbled across the hanging package which worked perfectly except for one small failure.
This specific reference has a (rather) long url which contains a lot of hyphens which causes the line to break in a silly way. I can't seem to find a way around this so I was hoping someone might be able to help me out.
Here's how the code looks in my document (just this one reference, everything else worked fine):
\documentclass[12pt]{article}
\usepackage[icelandic]{babel}
\usepackage[T1]{fontenc}
\usepackage[utf8]{inputenc}
\usepackage{hyperref}
\usepackage{hanging}
\selectlanguage{icelandic}
\begin{document}
\begin{hangparas}{0.7cm}{1}
Glover, J. \& Chassany, A.S. (08.05.2012) Greek Default Risk Returns as Bond
Maturity Nears. \textit{Bloomberg}. Sótt 11. febrúar 2013 af:
\url{http://www.bloomberg.com/news/2012-05-08/greek-default-risk-returns-as-bond-maturity-nears.html}
\end{hangparas}
\end{document}
This results in the following output:

\usepackage[hyphens]{url}beforehyperref– egreg Mar 20 '13 at 22:32