Asiana Airlines Inc. violated U.S. law by not promptly helping victims and family members after the July crash in San Francisco of one of its planes, the Department of Transportation said in assessing the first such fine against an aircraft carrier.
Puerto Rico, whose debt was cut to junk by two ratings companies last week, pays a penalty when it borrows because of the uncertainty created by U.S. scrutiny over whether an excise tax on non-residents qualifies for a federal credit, according to Cumberland Advisors Inc.
Standard & Poor’s cut Puerto Rico to junk yesterday, catching up with investors in the $3.7 trillion municipal market who have viewed the island as speculative grade for months. Some commonwealth debt gained today.
Two former co-chief executive officers of PetroTiger Ltd. paid bribes to an official at Ecopetrol SA, Colombia’s state-controlled oil company, for a $39.6 million oil-service contract, the U.S. charged.
Joseph Sigelman, a former co-chief executive officer of PetroTiger Ltd., was released on $4.4 million bail on charges that he paid bribes to an official at Ecopetrol SA, Colombia’s state-controlled oil company.