Units of 13 major Wall Street firms, including JPMorgan and UBS, improperly sold bonds from Puerto Rico's landmark March junk deal to retail investors who may not have understood the debt's riskiness, the U.S. Securities and Exchange Commission said on Monday.
Procter & Gamble said on Monday it had temporarily suspended operations in Argentina after the country's tax authority, which has accused the company of tax fraud, said it started meetings with the world's No.1 household products maker.
Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $350 million in penalties to the U.S. government for overstating fuel economy ratings in what officials said on Monday was the biggest settlement of its kind.