Market differs with La Fortaleza’s take that skipping PFC payment ‘is not a default’

With Puerto Rico widely expected to miss a $57.9 million Public Finance Corp. (P ...

GDB’s Economic Activity Index for June records 0.4% year-over-year decline

In June 2015, the new Government Development Bank Economic Activity Index (GDB-E ...

Gov’t continues to seek short-term liquidity measures to operate past Oct.-Nov.

While a $400 million deal from three public corporations is expected to allow th ...

Energy coalition to team up with Fenosa

After more than two years, the Federal Energy Regulatory Committee (FERC) last w ...

USDA announces funding, improvements to Farm Bill broadband-loan program
Issued: July 31, 2015
The Puerto Rico Hotel & Tourism Association (PRHTA) has filed a lawsuit ...

PRHTA sues government to challenge video-lottery
Issued: July 31, 2015
The Puerto Rico Hotel & Tourism Association (PRHTA) has filed a lawsuit ...

Cossec chief assures co-op system stability amid public debt
Issued: July 31, 2015
The executive president of the Puerto Rico Cooperatives Supervision & I ...

In Miami, Clinton set to call for lifting Cuba embargo
Issued: July 31, 2015
MIAMI — Democratic presidential candidate Hillary Rodham Clinton is expecte ...

Attorney McConnell passes away
Issued: July 30, 2015
Attorney Walter Glines McConnell, of the McConnell Valdés law firm, has passed away.

Nearly 8,000 fewer under jobless aid in Puerto Rico
Issued: July 30, 2015
Applications for jobless aid in the U.S. and Puerto Rico rose 12,000 to a seasonally adjusted 267,000, the Labor Department said Thursday. T ...

Cash crunch hinders gov’t ability to meet debt-service payments next month
Issued: July 30, 2015
As the first month of the fiscal year comes to an end, the Puerto Rico government continues to face significant fiscal challenges, facing se ...

La Fortaleza: No default on PFC if gov’t misses $57.9M payment Aug. 1
Issued: July 30, 2015
While the Puerto Rico government is widely expected to miss a $57.9 million PFC debt payment due Aug. 1, this scenario wouldn’t constitute a ...

AT&T AdWorks, DirecTV advertising sales combine to form single organization
Issued: July 30, 2015
AT&T announced Thursday that DirecTV Advertising Sales will now be a part of the AT&T AdWorks family.

Dominicans reject OAS offer to organize meeting with Haiti
Issued: July 30, 2015
WASHINGTON — The Dominican Republic on Wednesday rejected an offer by the Organization of American States to organize talks with Haiti on re ...

UN: Expect 11.2 billion population by the end of the century
Issued: July 30, 2015
UNITED NATIONS — Move over: The world's population is expected to reach 8.5 billion by 2030 and 9.7 billion in 2050, a new United Nation ...

Sen. Hatch to Lew: Advocating for bankruptcy protection not enough
Issued: July 30, 2015
On July 17, U.S. Senate Finance Committee Chairman Orrin Hatch (R.-Utah) asked U.S. Treasury Secretary Jacob Lew for the Obama administratio ...

Baxter announces 2Q results
Issued: July 30, 2015
Baxter International Inc. reported second quarter financial results that exceeded the company’s previously issued guidance.

NPP leaves discussions for 5-year fiscal & economic plan
Issued: July 30, 2015
Resident Commissioner and president of the New Progressive Party (NPP), Pedro Pierluisi, forewarned Gov. Alejandro García Padilla on Tuesday ...

more Local news
US stocks little changed as investors react to earnings
Issued: July 31, 2015
NEW YORK — U.S. stocks were mixed in early trading Friday, as investors reacted to some disappointing quarterly earnings. Declines were led ...

Democrats far behind GOP in raising money for '16 super PACs
Issued: July 31, 2015
WASHINGTON -- Hillary Rodham Clinton has a message for the country's wealthiest Democrats: I need you, unfortunately.

US paychecks grow at record-slow pace in 2nd quarter
Issued: July 31, 2015
WASHINGTON -- U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn't lift ...

Arctic-bound ship leaves Portland after oil drilling protest
Issued: July 31, 2015
PORTLAND, Ore. -- Authorities used boats, personal watercraft, poles and their bare hands to remove protesters in kayaks and hanging from br ...

Microsoft says 14 million computers now running Windows 10
Issued: July 30, 2015
PALO ALTO, California -- Microsoft says its' new Windows 10 operating system is now running on more than 14 million computers, two days ...

US stocks eke out tiny gains after erasing an early loss
Issued: July 30, 2015
NEW YORK — Stocks ended the day mostly flat on Thursday, recovering from broad losses earlier in the day. Investors continue to focus on cor ...

Congress heads off on vacation, putting off messy decisions
Issued: July 30, 2015
WASHINGTON -- Congress is heading out for a five-week summer recess in anything but a cheerful vacation mood, leaving behind a pile of unfin ...

Congress passes 3-month highway, transit aid patch
Issued: July 30, 2015
WASHINGTON -- Congress sent President Barack Obama a three-month bill to keep highway and transit money flowing to states on Thursday, one d ...

Prosecutors ask justices to review insider trading case
Issued: July 30, 2015
WASHINGTON -- The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund por ...

Average US rate on 30-year mortgage falls to 3.98%
Issued: July 30, 2015
WASHINGTON -- Average long-term U.S. mortgage rates fell for a second straight week, with the key 30-year rate slipping below 4 percent.

US economy posts solid 2.3% growth rate in 2Q
Issued: July 30, 2015
WASHINGTON -- The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending an ...

Jon Stewart signing off 'Daily Show' fake newscast for real
Issued: July 30, 2015
NEW YORK -- After more than 16 years and nearly 2,600 telecasts, Jon Stewart can feel proud of his scads of Emmys and his Peabody Award, his ...

Applications for US jobless aid rise to still-low 267,000
Issued: July 30, 2015
WASHINGTON -- More people sought U.S. unemployment benefits last week, though the increase was from a very low level and the figures still p ...

Gov't finds health law co-ops awash in red ink
Issued: July 30, 2015
WASHINGTON -- Nonprofit co-ops, the health care law's public-spirited alternative to mega-insurers, are awash in red ink and many have f ...

more National news
Greek bailout talks shift into higher gear
Issued: July 31, 2015
ATHENS, Greece — Greece's talks with its international creditors on a third bailout worth 85 billion euros ($93 billion) shifted into a ...

Experimental Ebola vaccine could stop virus in West Africa
Issued: July 31, 2015
LONDON -- An experimental vaccine tested on thousands of people in Guinea exposed to Ebola seems to work and might help shut down the ongoin ...

EU to probe Fedex takeover of Dutch rival TNT
Issued: July 31, 2015

BRUSSELS -- The European Union is opening an in-depth probe into whether FedEx's proposed $4.9 billion takeover of Dutch company TNT ...


Honda records 20% profit rise on yen, despite recalls
Issued: July 31, 2015
TOKYO -- Japanese automaker Honda reported Friday a 20 percent jump in fiscal first quarter profit on the back of a cheap yen that offset th ...

Zimbabwe: American lion killer's extradition being sought
Issued: July 31, 2015

HARARE, Zimbabwe -- Zimbabwe intends to seek the extradition of an American dentist who killed a lion that was lured out of a national pa ...


Currency crisis has Venezuelans struggling to call abroad
Issued: July 31, 2015
CARACAS, Venezuela — Venezuelans are struggling to call abroad as telephone carriers fall behind on payments to international partners amid ...

China drops, other global markets mixed after US data
Issued: July 31, 2015
SEOUL, South Korea — Global stocks were mixed on Friday, with China's stock market extending losses, after data showed the U.S. economy ...

Beijing selected to host 2022 Winter Olympics
Issued: July 31, 2015

KUALA LUMPUR, Malaysia -- Beijing was selected Friday to host the 2022 Winter Olympics, defeating the bid from Almaty in a surprisingly c ...


WikiLeaks says US spied on Japanese government, companies
Issued: July 31, 2015
TOKYO -- The WikiLeaks website published documents Friday that it said shows the U.S. government spied on Japanese officials and companies.

3 ex-TEPCO execs to face criminal charges in nuclear crisis
Issued: July 31, 2015

TOKYO -- A Japanese judicial committee has decided that three former utility executives should face criminal charges and stand trial for ...


Google rejects French order on world 'right to be forgotten'
Issued: July 31, 2015
PARIS -- Google is rejecting an order by the French data privacy agency to remove search results worldwide upon request, saying European law ...

Searchers scour beaches in hopes of unlocking MH370 mystery
Issued: July 31, 2015
SAINT-ANDRE, Reunion -- Searchers scored Reunion's shoreline for debris and investigators prepared to load a sea-encrusted wing fragment ...

Airbus takes 290M euro charge for military transport crash
Issued: July 31, 2015

FRANKFURT, Germany -- Plane maker Airbus Group SE said Friday its net profit rose 5 percent in the second quarter to 732 million euros ($ ...


Russia's central bank cuts key interest rate
Issued: July 31, 2015
MOSCOW -- Russia's Central Bank has cut its key interest rate by 0.5 percentage points to 11 percent, bowing to the pressure of business ...

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