In April 2011, two years before their prices sank, a slew of bond funds that were being sold by UBS’s Puerto Rico arm appeared to its brokers to be such risky investments that they balked at promoting them to their clients.
Ryanair, Europe's largest budget airline, and its Irish rival Aer Lingus won a court challenge on Thursday against a European Union regulatory ruling ordering them to repay state aid related to Ireland's air travel tax.
Britain's grocery industry watchdog opened an investigation on Thursday into Tesco's relations with its suppliers, dealing a further blow to the battered reputation of the country's biggest supermarket.
Caesars Entertainment Corp (CZR.O), under investigation by the U.S. Treasury and a federal grand jury over alleged failures to comply with anti-money laundering law, has hired away Wal-Mart Stores Inc's (WMT.N) top expert.
