Puerto Rico's debt crisis escalated as it suspended deposits into a fund that pays its general-obligation bonds and one of its agencies defaulted for the first time, jeopardizing the cash-strapped government's ability to raise money.
A Pimco exchange-traded bond fund that once tracked the performance of a much larger fund formerly managed by the firm's co-founder, William H. Gross, may have violated federal securities laws.
Delta will no longer allow the freight shipment of lion, leopard, elephant, rhinoceros and buffalo hunting trophies, the airline said in a statement Monday.
LONDON: A trader who worked for UBS and Citigroup was jailed on Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.
A sweeping federal rule intended to slash carbon-dioxide emissions from power plants will have an uneven impact on the energy industry, boosting the outlook for some regions and companies while biting others.