Debt-ravaged Puerto Rico is in default after forking over only a fraction due in a bond payment, raising the prospect of further pain for the recession-plagued commonwealth and potential impacts on U.S.
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—Former bank trader Tom Hayes was sentenced to 14 years in prison on Monday after a London jury convicted him of trying to fraudulently rig the London interbank offered rate, or Libor.
U.S. stocks dropped on Monday as energy companies slid along with the price of oil. Crude fell to the lowest level since March on signs that supplies remained ample as demand was expected to weaken.