UPDATE: Puerto Rico PFC Doesn't Make Full August 1 Debt Payment Aug 3, 2015 03:52PM

(Updated - August 3, 2015 3:52 PM EDT)

Puerto Rico's PFC paid only $628 thousand of $58 million in principal and interest on its August 1 debt payment, according to various reports from Bloomberg and CNBC.

Traders are watching Popular (NASDAQ: BPOP), MBIA (NYSE: MBI), Assured Guaranty (NYSE: AGO) and relates stocks following the headline.


Former trader Hayes found guilty in world's first Libor trial Aug 3, 2015 10:54AM

By Kirstin Ridley

LONDON (Reuters) - Tom Hayes, a former UBS and Citigroup trader, was found guilty of charges of conspiracy to defraud on Monday as a jury delivered its verdict in the first trial of a defendant accused of Libor interest rate rigging.

Hayes, a 35-year-old former yen derivatives trader, faces up to 10 years in jail for each count of conspiracy over the manipulation of the London interbank offered rate (Libor), a crucial benchmark for around $450 trillion... (continue reading...)


Facebook (FB) CEO Zuckerberg and Wife Priscilla are Soon-to-Be Parents Jul 31, 2015 02:44PM

Facebook (NASDAQ: FB) CEO Mark Zuckerberg and wife Priscilla are going to be parents.

The following was posted to Zuck's Facebook page on Friday:

Priscilla and I have some exciting news: we're expecting a baby girl!

This will be a new chapter in our lives. We've already been so fortunate for the opportunity to touch people's lives around the world -- Cilla as a doctor and educator, and me through this community and philanthropy. Now we'll focus on making the world a better... (continue reading...)


Uber raised close to $1B in latest funding round - WSJ Jul 31, 2015 02:34PM

Uber has raised close to $1 billion in latest funding round, according to the WSJ. The new funds value the company at nearly $51 biillion.


Trump's presidential bid draws scorn and bemusement in Europe Jul 31, 2015 12:51PM

By Angus MacSwan

LONDON (Reuters) - With his distressed hairstyle, voluptuous female companions and love of the media spotlight, U.S. tycoon Donald Trump is no stranger to people on this side of the Atlantic.

But his bid to become president of the United States has got people scratching their heads.

Seen by many as a kind of cartoon character despite his business successes, "The Donald" has baffled and angered in equal measure with a series of controversial comments.

His... (continue reading...)


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