DETROIT (TheStreet) -- Falling gasoline prices, low interest rates and an improving job picture helped drive U.S. sales of new cars and trucks sharply higher in July, surpassing analyst expectations.
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.
Opponents of big game trophy hunters celebrated on Monday as two major airlines announced a ban on "big-game" shipments like lion, leopard, elephant, rhinoceros and buffalo.
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.