Puerto Rico Open kicks off at Trump International

The eighth edition of the Puerto Rico Open is underway, with tee times starting ...

Sources: Crudita amendments to be approved, clearing way for bond deal

Amendments to legislation increasing the petroleum tax, known as la crudita, are ...

Senate investigates use, distribution of ARRA funds

Popular Democratic Party Sen. José Nadal Power said Wednesday that the Senate ap ...

Hotels’ bottom line to suffer strain under VAT

The looming tax reform in Puerto Rico and its proposed 16% value-added tax (VAT, ...

McDonald's dropping human antibiotics from chicken
Issued: March 4, 2015
NEW YORK — McDonald's says it plans to start using chicken raised witho ...

How do Puerto Rico's film making tax incentives stack up to those on the U.S. mainland?
Issued: March 4, 2015
A total of 36 states plus Puerto Rico and the District of Columbia are ...

Asian company to operate Port of the Americas
Issued: March 4, 2015
The Ports Authority Board of Directors announced Wednesday that Asian comp ...

Citi and MasterCard sign new global agreement that expands relationship
Issued: March 4, 2015
NEW YORK --Citigroup and MasterCard announced Wednesday that the companies ...

Cuba looks north to US farmers for help with food crisis
Issued: March 4, 2015
GUIRA DE MELENA, Cuba — The rust-red fields stretched for miles in the Cuban sun, garlic shoots and beetroot leaves waving gently in the spr ...

Honey, we shrank the SUV — and Europe loves it
Issued: March 4, 2015
FRANKFURT, Germany — In Europe, SUV now stands for: Shrinking Utility Vehicle.

Iván E. Irizarry dies; top Fomento, SBA executive
Issued: March 3, 2015
Former Small Business Administration (SBA) regional director, finance administrator of New York City and deputy administrator for Continenta ...

House speaker announces health services are excluded from VAT
Issued: March 3, 2015
House Speaker Jaime Perelló revealed Tuesday that medical services in Puerto Rico won’t be taxed with the proposed value-added tax (VAT, or ...

Fitch downgrades Doral; expects to withdraw all ratings in about 30 days
Issued: March 3, 2015
Although Doral Bank has been shuttered and its deposits transferred to three different entities, Fitch Ratings has downgraded the long-term ...

Hundreds protest against proposed tax
Issued: March 3, 2015
Hundreds of people are protesting in Puerto Rico against the proposed 16 percent value-added tax aimed at generating revenue for the island& ...

EU officials announce bust of major VAT fraud ring
Issued: March 3, 2015
THE HAGUE, Netherlands — European Union officials say they have broken up a cross-border gang responsible for cheating EU member countries o ...

Puerto Rico dropped from Orbitz Insider destinations for spring Break
Issued: March 3, 2015
According to the latest Orbitz Insider Index survey, 64 percent of travelers purposefully avoid college student destinations and 75 percent ...

Legislation introduced to make Puerto Rico hospitals eligible for electronic-record conversion bonuses
Issued: March 3, 2015
Washington, D.C. — Puerto Rico Resident Commissioner Pedro Pierluisi re-introduced Tuesday legislation to make hospitals on the island eligi ...

Doral made $20 million loan to Miami developer the week before its closing
Issued: March 3, 2015
A week before Doral Bank was closed by federal regulators, it made a $20 million loan to a company managed by Israeli investor Moishe Mana f ...

more Local news
Online retailer Etsy files for IPO valued at up to $100M
Issued: March 4, 2015
NEW YORK  — Online retailer Etsy is filing for an initial public offering of stock valued at up to $100 million.

US stocks fall, pulling market further below record highs
Issued: March 4, 2015
NEW YORK — U.S. stocks sank Wednesday, pulling indexes further below record highs hit earlier in the week. The drop was modest but broad: ni ...

House passes Amtrak bill that could boost Northeast service
Issued: March 4, 2015
WASHINGTON — In a rare burst of bipartisanship, the House moved Wednesday to boost Amtrak's popular service between Boston and Washingto ...

Obama signs Homeland Security funding bill into law
Issued: March 4, 2015
WASHINGTON — President Barack Obama has signed a law funding the Homeland Security Department through the end of the budget year.

FDA approves Bristol-Myers drug for lung cancer
Issued: March 4, 2015
WASHINGTON — The Food and Drug Administration on Wednesday expanded approval of an innovative Bristol-Myers Squibb drug to treat the most co ...

US services firms grow at faster pace in February
Issued: March 4, 2015
WASHINGTON — U.S. services firms' activity rose at a slightly faster rate in February, powered by hotels, restaurants and wholesalers.

Transcripts reveal Fed confronting chaotic banking system
Issued: March 4, 2015
WASHINGTON  — Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial c ...

Capitol Hill Buzz: Congress resolves to flee DC pre-snow
Issued: March 4, 2015
WASHINGTON — Nothing gets Congress moving like the forecast of snow.

David Geffen donates $100 million to Lincoln Center
Issued: March 4, 2015
NEW YORK — Entertainment industry executive David Geffen has donated $100 million to New York's Lincoln Center for the Performing Arts.

Sweet Briar College to close because of financial issues
Issued: March 4, 2015
SWEET BRIAR, Va. — Sweet Briar College — a small, private school for women near the Blue Ridge Mountains — will shut down this summer becaus ...

Toyota promotes US execs, gives power to North American CEO
Issued: March 4, 2015
DETROIT — Toyota has announced sweeping management changes that consolidate power with North American CEO Jim Lentz and promote some U.S. ex ...

Apple, Android browsers vulnerable to 'FREAK attack'
Issued: March 4, 2015
SAN FRANCISCO — Millions of people may have been left vulnerable to hackers while surfing the web on Apple and Google devices, thanks to a n ...

Survey: US businesses add 212K jobs in February
Issued: March 4, 2015
WASHINGTON  — U.S. businesses added more than 200,000 jobs in February for the 13th straight month, a private survey found. It was the ...

Target plans to cut thousands of jobs in restructuring
Issued: March 4, 2015
Target's chief executive, Brian Cornell, has announced the retailer will cut several thousand jobs within the next two years as part of ...

more National news
Internet invades everything at gadget fair in Barcelona
Issued: March 4, 2015
BARCELONA, Spain — The pervasive creep of the Internet from computers and phones to all kinds of objects is the theme of this year's edi ...

Case against Argentine president appealed
Issued: March 4, 2015
BUENOS AIRES — An Argentine prosecutor is appealing a judge's decision to throw out a case that accused President Cristina Fernandez of ...

US says Iran far off from a working nuke, others differ
Issued: March 4, 2015
MONTREUX, Switzerland — One burning question in the global effort to prevent Iran from becoming a nuclear power is this: How long would it t ...

Analysis: Speech fallout could determine Netanyahu's fate
Issued: March 4, 2015
JERUSALEM — With Prime Minister Benjamin Netanyahu facing a tough re-election fight in two weeks, the U.S. Congress has handed him an unprec ...

UN: World eating too much sugar; cut to 5-10 percent of diet
Issued: March 4, 2015
LONDON — The World Health Organization says people around the world are eating too much sugar and should slash their intake to about 5 to 10 ...

5 cars getting attention at the Geneva auto show
Issued: March 4, 2015
GENEVA — Volkswagen's functional Passat family car may have taken top honors as car of the year at the annual Geneva motor show, but the ...

Investigation of politicians sought in Brazil graft scandal
Issued: March 4, 2015
RIO DE JANEIRO — The inquiry into the biggest corruption scandal yet uncovered in Brazil entered an expansive new phase, as the attorney gen ...

Eurozone showing signs of economic momentum
Issued: March 4, 2015
LONDON — The 19-country eurozone's economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recove ...

Nuclear company Areva in turmoil after billions in losses
Issued: March 4, 2015
PARIS — Nuclear manufacturer Areva has announced a 4.8 billion euro loss for 2014, more than its entire market value, plunging the powerful ...

Britain sells interest in Eurostar for $1.1 billion
Issued: March 4, 2015
LONDON — Britain's government has agreed to sell its stake in Eurostar, the high-speed rail service that connects London, Paris and Brus ...

WIRELESS SHOW HIGHLIGHTS: Eyes on Apple, BlackBerry
Issued: March 4, 2015
NEW YORK — As a major wireless show continues this week in Barcelona, Spain, Apple is highlighting the capabilities of its iPhone cameras wi ...

Russia troubles hinder Ford, GM efforts to recover in Europe
Issued: March 3, 2015
GENEVA — Russia's sinking economy is putting up a major hurdle for Ford Motor Co. and General Motors as the U.S. automakers fight to ret ...

US responds to Venezuela's order to slash its embassy staff
Issued: March 3, 2015
CARACAS, Venezuela  — The United States is pushing back after Venezuelan officials demanded a dramatic cut to the American diplomatic m ...

Norway's Nobel Peace Prize committee replaces chairman
Issued: March 3, 2015
STAVANGER, Norway— The Nobel Peace Prize awarding Norwegian Nobel Committee on Tuesday elected a new chairman to replace Thorbjoern Jagland, ...

more International news