House approves $225 million bond deal

The House of Representatives approved legislation Thursday authorizing a general ...

1st time advertisers gamble on Super Bowl ads

NEW YORK — More Super Bowl ad rookies will be trying to get a touchdown this Sun ...

PRSI will now host U.S. Census Bureau

The Puerto Rico Statistics Institute will be the new home of the U.S. Census Bur ...

FDIC closely eyeing Doral

The Federal Deposit Insurance Corp. (FDIC) has sent a letter to Doral Bank stati ...

Treasury announces educational campaign on VAT, tax reform
Issued: January 29, 2015
Treasury Secretary Juan Zaragoza Gómez said Thursday that as part of effort ...

Topeka invests $4 million in expansion, gets new look
Issued: January 29, 2015
One of Puerto Rico's longstanding discount retailers, Topeka, is kickin ...

'Anonymized' credit card data not so anonymous, study shows
Issued: January 29, 2015
WASHINGTON — Credit card data isn't quite as anonymous as promised, a n ...

Bill calls for end to travel ban to Cuba
Issued: January 29, 2015
WASHINGTON — A bipartisan group of senators wants to end travel restriction ...

UBS accused of trust fraud in P.R.-related case
Issued: January 29, 2015
UBS Financial Services is being sued for $4.5 million by the beneficiaries of a trust who are maintaining UBS breached its fiduciary duty ...

Raúl Castro: US must return Guantanamo for normal relations
Issued: January 29, 2015
Cuban President Raúl Castro demanded on Wednesday that the United States return the U.S. base at Guantanamo Bay, lift the half-century trade ...

Puerto Rico groups, convention business driving tourism high season
Issued: January 29, 2015
The 2015 winter promises to be a tourism bonanza, especially in the groups and conventions segment. A total of 71 groups will be coming to t ...

Toyota recalls 2011, 2012 model-year Avalon sedans for fire risk
Issued: January 28, 2015

TORRANCE, Calif. — Toyota is recalling 52,000 Avalon sedans because of a wiring problem that could cause a fire.


Retail sales see $20.1 million increase in October
Issued: January 28, 2015
Sales numbers for commercial establishments in Puerto Rico increased by $20.1 million in October, totaling $3.222 billion.

Open for entries: Ibero-American Advertising Festival slated for April 22-24 in Mexico
Issued: January 28, 2015
It’s festival season in the ad world with the call for submissions of entries for the 46th edition of the Festival Iberoamericano de Publici ...

Victoria's Secret bathing suit special shot in Puerto Rico to air Feb. 26
Issued: January 28, 2015

Economic Development & Commerce (DDEC) Secretary Alberto Bacó said during the December shoot that “Victoria’s Secret Swim Special” w ...

H&M to open locale at Mall of San Juan
Issued: January 28, 2015
Swedish clothing retailer H&M will establish its first Puerto Rico store at the soon-to-open Mall of San Juan in the island’s capital.

Census Bureau data show massive population loss in Puerto Rico
Issued: January 28, 2015
The U.S. Census Bureau has released its July 1, 2014 population estimates for the 50 states; Washington, D.C.; and Puerto Rico. According to ...

Mohnish Pabrai featured as speaker in Puerto Rico Investment Summit
Issued: January 28, 2015
Renowned investor and principal managing partner of Pabrai Investment Funds, Mohnish Pabrai, will speak at the Puerto Rico Investment Summit ...

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Senate passes bill approving Keystone XL oil pipeline
Issued: January 29, 2015
WASHINGTON — The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a pr ...

Venezuelan hedge fund manager gets 13 years for fraud scheme
Issued: January 29, 2015

BRIDGEPORT, Conn. — A Venezuelan-American hedge fund manager was sentenced Thursday to 13 years in prison for running a Connecticut frau ...

Stock market rises after good news on earnings, job market
Issued: January 29, 2015
U.S. stocks edged mostly lower in early trading Thursday, as investors sized up a mix of corporate earnings and economic news.

Ford beats estimates despite declines in earnings, revenue
Issued: January 29, 2015
DEARBORN, Mich.— Ford Motor Co. is putting a tough year behind it and promising big things despite a bumpy global market.

Obama to seek to bust spending limits by $74 billion
Issued: January 29, 2015
WASHINGTON — The White House says President Barack Obama's budget will propose spending $74 billion more than current spending caps. Tha ...

Hard Rock gets preliminary OK to enter New Jersey casino market
Issued: January 29, 2015
ATLANTIC CITY, N.J. — The company that has populated the globe with Hard Rock casinos and restaurants received preliminary approval to enter ...

For traders, oil's plunge takes a toll on egos and accounts
Issued: January 29, 2015
NEW YORK — The plunge in oil has crushed the Russian ruble, erased $80 billion from Exxon Mobil's market value and pushed Venezuela to t ...

Even with low prices, US oil industry pushing for exports
Issued: January 29, 2015

WASHINGTON — Never mind dropping oil prices. U.S. producers are pushing harder than ever for the right to sell U.S. crude oil overseas.< ...

US pending home sales tumble in December
Issued: January 29, 2015
WASHINGTON — Fewer Americans signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the ...

Average US rate on 30-year mortgage rises to 3.66%
Issued: January 29, 2015

WASHINGTON — Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near ...

FACT CHECK: Both sides in Keystone XL debate bend facts
Issued: January 29, 2015
WASHINGTON — Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf of Mexico, say the privately funded, $8 billion ...

McDonald's CEO steps down as sales decline
Issued: January 29, 2015
NEW YORK — McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and t ...

US unemployment benefit applications plunge to 15-year low
Issued: January 29, 2015

WASHINGTON — The number of people seeking unemployment aid plunged last week to the lowest level in almost 15 years, a sign hiring will ...

S&P close to $1.37B deal over risky mortgage bond ratings
Issued: January 28, 2015
WASHINGTON — Standard & Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations ...

more National news
Italy lawmakers fail to elect new president in 1st round
Issued: January 29, 2015
ROM (AP) — Lawmakers failed to elect a new Italian president Thursday in balloting that tests Premier Matteo Renzi's ability to rally hi ...

Alibaba run-in with China regulator signals tougher scrutiny
Issued: January 29, 2015
BEIJING— For years, Alibaba faced complaints it failed to stamp out sales of counterfeit goods on its e-commerce websites. But Chinese regul ...

Global stocks, oil stabilize after Fed statement
Issued: January 29, 2015
TOKYO — Global shares and the price of oil stabilized on Thursday during European trading hours after the Federal Reserve issued a reminder ...

Petrobras releases profit drop in 3rd quarter 2014
Issued: January 29, 2015
SAO PAULO — Brazil's scandal-plagued state-run oil company Wednesday released its third quarter report for 2014, showing that profits dr ...

Medtronic completes acquisition of Covidien
Issued: January 29, 2015
DUBLIN, Ireland — Medtronic plc (NYSE: MDT), a global leader in medical technology, services and solutions, announced that it has successful ...

Greece, eurozone creditors gear up for clash over bailout
Issued: January 28, 2015

ATHENS, Greece — Greece's new radical left government has shot the first salvo in what is expected to be a tough clash with fellow e ...

German consumer confidence at 13-year high
Issued: January 28, 2015
BERLIN — German consumer confidence is at a 13-year high, buoyed by a rise in disposable income due to collapsing fuel and heating oil costs ...

Russian government details spending cuts in view of crisis
Issued: January 28, 2015
MOSCOW — The Russian government, facing its worst economic crisis in a decade, on Wednesday detailed how it intends to cut spending over the ...

Dubai claims title of world's busiest international airport
Issued: January 28, 2015
DUBAI, United Arab Emirates — The city with the world's tallest building can now boast that it's home to the world's busiest air ...

China criticizes Alibaba in report withheld until after IPO
Issued: January 28, 2015
BEIJING — Chinese regulators accused e-commerce giant Alibaba of permitting sales of fake goods and hurting consumers in a report that was w ...

American Express says it will start working in Cuba
Issued: January 27, 2015
American Express Co. says it plans to start doing business in Cuba after the Obama administration lifted a ban on U.S. banks and credit card ...

American Airlines interested in offering flights to Cuba
Issued: January 27, 2015
Add American Airlines to the list of carriers that want to take you to Cuba.

Facebook: Internal glitch caused hour-long global outage
Issued: January 27, 2015
SEOUL, South Korea — Facebook said it suffered a self-inflicted outage lasting an hour on Tuesday that made its site inaccessible to users w ...

France, seeking growth, debates bill to free up labor rules
Issued: January 26, 2015
PARIS— France's Parliament has started debating a bill promoted by the Socialist government aimed at freeing up the country's labor ...

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