The government of Puerto Rico confirmed Monday that it had failed to make a $58-million debt payment, a significant escalation of the fiscal crisis facing the U.S.
American Airlines is putting some teeth behind its response to the recent uproar over travelers who have illegally killed big game in Africa.
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.
HONG KONG--Oil prices clawed up Tuesday from four-month lows the previous day, though looming new supply from Iran kept a lid on gains.
FRANKFURT - German car makers BMW, Audi and Mercedes will pay about €2.5bn to buy Nokia's maps business, beating out hi-tech rivals for location services seen as key to the future of self-driving cars.