Work starts on $30M Hyatt Place SJ, is third Convention Center District hotel

Construction officially got under way Tuesday on the Hyatt Place San Juan, a 149 ...

Big slump is no cause to ditch market

NEW YORK — The stock market’s big swings have raised concerns about how much lon ...

PR payrolls, unemployment rate rise

Puerto Rico’s payroll jobs posted an overall gain in September on a year-over-ye ...

Report: PR suffering from ‘toxic mix’ of policy uncertainty and austerity

Policy uncertainty is clouding the forecast for Puerto Rico’s economic growth, a ...

S&P: Doral ruling doesn’t alter PR rating
Issued: October 21, 2014
Puerto Rico’s general obligation bonds would not likely be downgraded furth ...

Larkin: PR fiscal team should study NYC’s 1975 crisis playbook
Issued: October 21, 2014
Puerto Rico should take some pages from New York City’s playbook for maneuv ...

GDB: Tax trend could sink balanced budget; expects FY15 liquidity to hold
Issued: October 21, 2014
The Government Development Bank is acknowledging that lagging tax collectio ...

International Auto Show gets in gear
Issued: October 20, 2014
Puerto Rico consumers once again have the opportunity to get their first gl ...

Cuomo vows to boost NY-PR trade ties
Issued: October 20, 2014
New York Gov. Andrew Cuomo took his campaign for a second term to the Caribbean on Friday with stops in Puerto Rico and the Dominican Republ ...

PR said working on $2.5B debt deal
Issued: October 18, 2014
Puerto Rico is preparing a bond deal of up to $2.5 billion in bonds to boost liquidity at the Government Development bank.

Eli Lilly to shutter, sell Guayama plant
Issued: October 18, 2014
Eli Lilly and Company said Thursday it plans to halt production and sell one of its three pharmaceutical manufacturing plants in Puerto Rico ...

Moody’s: Doral case highlights fragility of PR’s budget and liquidity position
Issued: October 17, 2014
The Puerto Rico government’s $230 million tax fight with Doral Financial Corp. highlights the continued fragility of the commonwealth’s budg ...

EPA awards PR $26.8M for water works
Issued: October 17, 2014
The U.S. Environmental Protection Agency has awarded $26.8 million to Puerto Rico to help finance improvements to water projects that are es ...

Univision guts PR news operation
Issued: October 17, 2014
Univisión Puerto Rico is dropping its news shows and laying off reporters, editors, technicians, camera operators and other employees.

New-auto sales fall 8.5% in September
Issued: October 17, 2014
Auto distributors reported the sale of 6,766 units in Puerto Rico and the U.S. Virgin Islands (USVI) in September, down by 632 units, or 8.5 ...

Doral CEO misses hearing in legislative probe
Issued: October 17, 2014
Doral Financial Corp. CEO Glen Wakeman did not show up for a legislative hearing Friday into the Treasury Department’s $230 million tax deal ...

Ebola travel bans widen in Caribbean
Issued: October 17, 2014
Jamaica, Guyana and Trinidad & Tobago on Thursday became the latest countries in the Western Hemisphere to restrict travelers from West ...

Florida court blocks ticketing system
Issued: October 17, 2014
A Florida court has ruled that state law bars private third-party vendors from issuing traffic citations.

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Survey: Pay raises rarer despite strong US hiring
Issued: October 20, 2014
WASHINGTON — U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained health ...

What’s next after wild week for stocks?
Issued: October 20, 2014
NEW YORK — The stock market needs to see a therapist.

Obama switches gears, confronting Ebola head on
Issued: October 19, 2014
WASHINGTON — President Barack Obama delayed acting on immigration and an attorney general nomination this fall to dodge the politics of the ...

Obama names Ebola 'czar' as precautions expand
Issued: October 17, 2014
WASHINGTON — President Barack Obama on Friday turned to a trusted adviser to lead the nation's Ebola response as efforts to clamp down o ...

GE 3Q profit rises on oil, aviation strength
Issued: October 17, 2014
NEW YORK — General Electric's third quarter profit rose 11 percent on strong performance from its aviation and oil and gas divisions.

Yellen says US experiencing widening inequality
Issued: October 17, 2014
WASHINGTON — Federal Reserve Chair Janet Yellen says the last several decades have seen the most sustained rise in income inequality in a ce ...

US monitors health care worker aboard cruise ship in Caribbean
Issued: October 17, 2014
WASHINGTON — Obama administration officials said a Dallas health care worker who handled a lab specimen from an Ebola-infected man from Libe ...

Obama authorizes Guard, reserve call-up for Ebola
Issued: October 16, 2014
WASHINGTON — President Barack Obama on Thursday authorized the Pentagon to call up reserve and National Guard troops if they are needed to a ...

Apple shows off new gadgets, but Pay is bigger bet
Issued: October 16, 2014
CUPERTINO, Calif. — Apple showed off thinner iPads and a new iMac with a high-resolution display on Thursday. Sleek and stunning, yes, but n ...

Feds: Don't expect winter to be polar vortex redux
Issued: October 16, 2014
WASHINGTON — If you thought last winter was a horror show, with cold blasts from the polar vortex and a lack of California rain, here's ...

FBI director warns against cellphone encryption
Issued: October 16, 2014
WASHINGTON — FBI Director James Comey gave a stark warning Thursday against smartphone data encryption, saying homicide cases could be stall ...

US jobless aid applications fall to 14-year low
Issued: October 16, 2014
WASHINGTON — The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest signal that co ...

Stepped up Ebola screening starts at 4 US airports
Issued: October 16, 2014
NEWARK, N.J. — Customs and health officials at airports in Washington, Chicago, Atlanta and Newark, New Jersey, are scheduled to start takin ...

US steps up domestic response to Ebola crisis
Issued: October 16, 2014
WASHINGTON — The federal government is ramping up its response to the Ebola crisis after a second Dallas nurse became ill and it was disclos ...

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China economy grows at slowest pace in 5 years
Issued: October 21, 2014
BEIJING — China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the gl ...

Total CEO killed in Moscow runway crash
Issued: October 21, 2014
MOSCOW — Christophe de Margerie, the charismatic CEO of Total SA who helped establish the multinational oil company as one of the world' ...

Cuba invites US to cooperate on Ebola
Issued: October 20, 2014
HAVANA — Cuban is willing to work with the United States in the fight against Ebola, President Raul Castro said at a summit of leftist Latin ...

Warming Earth heading for hottest year on record
Issued: October 20, 2014
WASHINGTON — Earth is on pace to tie or even break the mark for the hottest year on record, federal meteorologists say.

Germany, France to draw up investment plans
Issued: October 20, 2014
BERLIN — Germany and France agreed Monday to draw up proposals by the beginning of December to boost investment as they try to come up with ...

Moody’s raises Egypt’s outlook to stable
Issued: October 20, 2014
CAIRO — Moody’s Investor Services says Egypt’s political and security situation has stabilized, raising the country’s outlook from negative ...

US, China vow to manage rifts ahead of Obama visit
Issued: October 18, 2014
BOSTON — The U.S. and China pledged Saturday to overcome mistrust, manage their differences and cooperate on key issues like combating terro ...

Castro: Cuba would cooperate with US against Ebola
Issued: October 18, 2014
HAVANA — Fidel Castro says Cuba is ready to cooperate with the United States in the battle against Ebola.

Europe’s top powers deadlocked as economy sinks
Issued: October 18, 2014
FRANKFURT, Germany — Europe’s economy needs help — fast. Yet the two powers that could take action, the European Central Bank and Germany, d ...

Rare independent group aims to open debate in Cuba
Issued: October 18, 2014
CARDENAS, Cuba — The former editors of one of Cuba's few non-government controlled media outlets have quietly restarted efforts to spur ...

Argentina launches its first home-built satellite
Issued: October 16, 2014
BUENOS AIRES, Argentina — Argentina has launched its first domestically built communications satellite.

UN chief: Fund to fight Ebola has $100,000 in bank
Issued: October 16, 2014
UNITED NATIONS — Secretary-General Ban Ki-moon says a trust fund he launched to fight Ebola has only $100,000 in the bank.

Venezuela, New Zealand join UN Security Council
Issued: October 16, 2014
UNITED NATIONS — Venezuela, New Zealand, Angola and Malaysia have been elected to coveted seats on the United Nations Security Council, but ...

EU pledges support for Greece as markets plunge
Issued: October 16, 2014
ATHENS, Greece — European officials are vowing continuing support for Greece as investors sell off the bailed-out country's stocks and b ...

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