Several key measures fail to secure legislative passage

During the last day of the Legislature’s current session, Puerto Rico lawmakers ...

Prepa to accelerate infrastructure overhaul; New Energy Coalition, utility about to sign nondisclosure agreements

The 11th-hour negotiations between the Puerto Rico Electric Power Authority (Pre ...

S&P lowers Puerto Rico GO, university ratings

Standard & Poor's Ratings Services has lowered its general obligation (G ...

Governor reiterates debt is unpayable, announces group to negotiate moratorium with bondholders

Puerto Rico Gov. Alejandro García Padilla reiterated Monday in a public address ...

Comparing economic woes in Puerto Rico and Greece
Issued: June 30, 2015
The governments of both Puerto Rico and Greece are facing financial crunche ...

Paulson hit hard by Puerto Rican, Greek crises
Issued: June 30, 2015
Hedge fund billionaire John Paulson, who has carried out several investment ...

AP source: US, Cuba to announce plan to open embassies
Issued: June 30, 2015
WASHINGTON — President Barack Obama will announce Wednesday that the U.S. a ...

Puerto Rico stocks tumble for 2nd day
Issued: June 30, 2015
Puerto Rico stocks took another hit Tuesday over concerns the local governm ...

Trump's pageant woes mount with TV and contestant drop-outs
Issued: June 30, 2015
NEW YORK — Fallout from Donald Trump's remarks about immigrants from Mexico continued to dog him Tuesday as a TV company backed by Mexic ...

Puerto Rico bond insurers, bonds continue to fall
Issued: June 30, 2015
Shares of bond insurance companies tumbled Tuesday after Gov. Alejandro García Padilla said Puerto Rico had little hope of paying its $72 bi ...

Economists say Puerto Rico needs right to bankruptcy option
Issued: June 30, 2015
Puerto Rico's financial future hung in limbo Tuesday as economists and officials warned that the island could head down Greece's pat ...

S&P downgrades UPR rating to CCC- with negative outlook
Issued: June 30, 2015
Standard & Poor's Ratings Services lowered its long-term rating and underlying rating (SPUR) to 'CCC-' from 'CCC+' o ...

GDB-EAI shows 0.2% year-over-year uptick in May
Issued: June 30, 2015
The Government Development Bank’s Economic Activity Index (GDB-EAI) registered a 0.2% year-over-year (YOY) increase in May, but a month-over ...

FirstBank, Gustazos create alliance
Issued: June 30, 2015
The number of consumers who join different internet platforms to maximize their money increases on a daily basis in Puerto Rico.

Don't blink or you might miss the leap second on Tuesday
Issued: June 30, 2015
Tuesday lasts a wee bit longer — by a second.

Puerto Rico lawmakers pass fiscal 2016 budget
Issued: June 30, 2015
The Puerto Rico Legislature approved Monday a $9.8 billion budget plan for fiscal year 2016, which now heads to La Fortaleza where Gov. Alej ...

Puerto Rico residents rush to stores as 11.5% IVU hike goes into effect Wednesday
Issued: June 30, 2015
In the past few weeks, shoppers have been flocking to stores in Puerto Rico as the 7% sales & use tax (IVU by its Spanish acronym) incre ...

Health Department claims saving more than $8 million
Issued: June 30, 2015
Appearing before the Senate Labor Relations, Consumer Affairs and Job Creation Committee, Health Secretary Ana Ríus said the department save ...

more Local news
US stocks edge higher as investors follow Greek debt talks
Issued: June 30, 2015
NEW YORK — The U.S. stock market stabilized on Tuesday as investors followed the latest developments in the Greek debt saga.

Will latest inflammatory comments tarnish Trump's brand?
Issued: June 30, 2015
NEW YORK — Is Donald Trump's business empire as Teflon-coated as his hair appears to be? ...

Christie opens 2016 campaign, long climb ahead
Issued: June 30, 2015
LIVINGSTON, N.J. — New Jersey Gov. Chris Christie opened his 2016 campaign for president Tuesday and, never one to aim small, declared he ...

US court agrees Apple violated antitrust law in e-book entry
Issued: June 30, 2015
NEW YORK — Apple violated antitrust laws by colluding with publishers to raise electronic book prices when it entered a market in 2010 that ...

Consumer confidence index climbs to 101.4 in June
Issued: June 30, 2015
WASHINGTON — Consumer confidence showed a solid gain in June following a modest increase in May, supporting the view that strong job gains a ...

Justices take up dispute over union fees
Issued: June 30, 2015
WASHINGTON — The Supreme Court will consider limiting the power of government employee unions to collect fees from non-members in a case tha ...

US home prices climbing steadily
Issued: June 30, 2015
WASHINGTON — U.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco.

Game-changer: Vegas moves toward arcade-style video gambling
Issued: June 30, 2015
LAS VEGAS — Bragging rights are usually the only reward at the end of a well-played video game. But what if high scores came with cash, too? ...

Questions and answers about the expiring Export-Import Bank
Issued: June 30, 2015
WASHINGTON — The Export-Import Bank expires Tuesday at midnight for the first time since the small federal agency was created during the Dep ...

More overtime on the way? Obama proposes broader coverage
Issued: June 30, 2015
WASHINGTON — They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no over ...

Union sues feds over hack, says agency had ample warning
Issued: June 29, 2015
WASHINGTON — The largest federal employee union filed a class action lawsuit Monday against the federal personnel office, its leaders and on ...

Agreement neared to release Fla. doctor tied to Menendez
Issued: June 29, 2015
WEST PALM BEACH, Fla. — A Florida doctor charged with corruption alongside New Jersey Sen. Bob Menendez appeared closer to being released fr ...

Obama signs trade, worker assistance bills into law
Issued: June 29, 2015
WASHINGTON — In a rare bipartisan scene at the White House, President Barack Obama on Monday signed into law two hard-fought bills giving hi ...

US stocks notch worst day of year as Greek crisis escalates
Issued: June 29, 2015
NEW YORK — Fears that Greece's troubles could spread through the global financial system shook markets on Monday, driving U.S. stocks to ...

more National news
Greece's bailout expires, country defaults on IMF payment
Issued: June 30, 2015
ATHENS, Greece — Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnigh ...

France, UK issue heat warnings as high temps hit Europe
Issued: June 30, 2015
LISBON, Portugal — A mass of hot air moving north from Africa is driving up temperatures in western Europe, with France on Tuesday becoming ...

Diplomats: Iran meets key obligation on way to nuke deal
Issued: June 30, 2015
VIENNA — Iran has complied with a key condition of ongoing nuclear talks by significantly reducing its stockpile of enriched uranium that co ...

Ex-oil tycoon suspected of ordering Russian mayor's killing
Issued: June 30, 2015
MOSCOW — Russian investigators announced Tuesday they are reopening the case of the 1998 killing of a Siberian mayor and consider former oil ...

Death toll in Indonesian military plane crash rises to 74
Issued: June 30, 2015
MEDAN, Indonesia — An Indonesian air force spokesman says the death toll in a military plane crash has risen to 74.

Greeks struggle with daily grind as foreigners head to beach
Issued: June 30, 2015
ATHENS, Greece — There's an early morning buzz at Varvakios Market in downtown Athens as dozens of butchers prepare cuts. Knives slice t ...

European markets trim losses amid some Greek deal hopes
Issued: June 30, 2015
LONDON — Stock markets across Europe trimmed earlier losses Tuesday amid speculation that the Greek government is considering a last-minute ...

EU clinches deal to end mobile roaming charges
Issued: June 30, 2015
BRUSSELS — The European Union has agreed to end mobile roaming charges within two years and allow travelers to pay the same price for calls, ...

European stocks fall again on Greece crisis, Asia rebounds
Issued: June 30, 2015
TOKYO — Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp fall, but European indexes widened their lo ...

Iranian minister: I have a mandate to clinch nuke deal
Issued: June 30, 2015
VIENNA — Iran's chief diplomat insisted Tuesday he had a mandate to finalize a nuclear agreement despite increased signs of backtracking ...

Tsipras defiant as banks shut, markets rocked
Issued: June 29, 2015
ATHENS, Greece — Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day o ...

Developer of $3.5B Bahamas megaresort files for bankruptcy
Issued: June 29, 2015
KINGSTON, Jamaica — The developer of a $3.5 billion hotel-and-casino project under construction in the Bahamas announced Monday that it has ...

Chinese premier calls for deal to keep Greece in eurozone
Issued: June 29, 2015
BRUSSELS — The prime minister of China, the European Union's No. 2 trading partner, called Monday on Greece and its creditors to reach a ...

The next act: what happens now in Greece's drama
Issued: June 29, 2015
FRANKFURT, Germany — Greece has entered the twilight zone.

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