Category Archives: Business

Puerto Rico to default on some debts, will pay GO debt

By Nick Brown SAN JUAN (Reuters) – Puerto Rico will default for the second time in five months, yet will pay the bulk of $1 billion due on Jan. 4,…

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Oil ending 2015 how it began – on the skids

By Wayne Cole SYDNEY (Reuters) – Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful…

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Oil down 3 percent on surprise U.S. crude build; Brent near 2004 low

By Barani Krishnan NEW YORK (Reuters) – Crude prices fell 3 percent on Wednesday, with Brent sliding toward 11-year lows, after an unusual build in U.S. stockpiles & signs Saudi…

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U.S. pending home sales fall in November

WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes fell in November for the third time in four months, a signal that growth in the U.S. housing market could…

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

By Tom Hals (Reuters) – KaloBios Pharmaceuticals Inc <KBIO.O>, a biotechnology company that fired Chief Executive Martin Shkreli earlier this month after his arrest on charges of securities fraud, filed…

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Wall Street lower as Brent retreats, Apple drags

By Abhiram Nandakumar (Reuters) – Wall Street was lower on Wednesday as Brent crude slid back towards the 11-year low it hit last week & Apple weighed on all three…

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Third time's a charm for UPS at Christmas, but FedEx stumbles

By Nick Carey CHICAGO (Reuters) – After two consecutive years of problems during its holiday peak package season, UPS delivered on time at Christmas this year while its main rival…

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Barclays in $13.75 million U.S. settlement over mutual funds

By Jonathan Stempel (Reuters) – Barclays Plc will pay more than $13.75 million to settle U.S. regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including…

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Stabilizing oil lifts shares and bond yields

By David Gaffen NEW YORK (Reuters) – Stocks rose around the world & bond yields edged up on Tuesday as oil rebounded from 11-year lows on prospects for lower temperatures…

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