PR banks assets, deposits drop in 2Q

Total assets at Puerto Rico’s commercial banks slid by $1.17 billion (3.4 percen ...

Feds make busts in IRS crackdown

Federal authorities continue to round up suspects in an ongoing crackdown on tax ...

Saks setting stage for PR opening

Hudson’s Bay Company (HBC) on Monday provided details on its plans to open a ful ...

PR economic index at 20-year low

A key gauge of Puerto Rico’s economy posted another drop in August, remaining in ...

Popular makes moves in top-level posts
Issued: September 30, 2014
Popular, Inc. announced Monday that its board of directors appointed Ignaci ...

AeroNet takes business to next level
Issued: September 30, 2014
In a world revolving around advanced technologies, mobile apps, streaming i ...

New life in Santurce amid PR decline
Issued: September 30, 2014
Laura Feliciano was scouting locations for a new restaurant in the Puerto R ...

Disney taps PR’s Don Q as ‘house rum’
Issued: September 30, 2014
Disney has tapped Puerto Rico’s Don Q, distilled by Ponce-based Destilería ...

SBA, Science Trust in strategic alliance
Issued: September 30, 2014
The U.S. Small Business Administration and the Puerto Rico Science, Technology & Research Trust (PRSTRT) have entered a strategic allian ...

Uno’s shuts 3 PR locations; 2 still open
Issued: September 29, 2014
Uno Chicago Bar & Grill franchise owner Interfood Corp. has shut down its restaurants in Bayamón, Carolina and Mayagüez.

Governor on trip to Spain, Virginia
Issued: September 29, 2014
Gov. Alejandro García Padilla traveled to Madrid on Monday to take part in the Latin American Business Council’s (CEAL by its Spanish initia ...

Businessmen sentenced in first IVU case
Issued: September 29, 2014
Treasury Secretary Melba Acosta is touting the sentences handed down to businesses as an important step in the fight against tax evasion.

PR bets on Powerball revenue bounce
Issued: September 29, 2014
The Puerto Rico government is betting on a revenue bounce as the island prepares to jump into the multi-million dollar, multi-state Powerbal ...

US awards $2.5M to UMET
Issued: September 29, 2014
Puerto Rico’s Metropolitan University is line for $2.5 million in federal funding as the Obama administration awards nearly a half-billion d ...

PR hotel registrations rise; numbers point to divergent PR, US economies
Issued: September 29, 2014
Puerto Rico hotel registrations edged up in fiscal 2014 even as the occupancy rate inched down.

OMB chief Rivas leaving administration
Issued: September 29, 2014
Office of Management & Budget Director Carlos Rivas is on his way out amid a shakeup of Gov. Alejandro García Padilla’s Cabinet.

Ventana al Mar undergoing upgrades
Issued: September 28, 2014
The oceanfront Ventana al Mar park and adjacent areas in the heart of the Condado are being upgraded through an alliance between the Puerto ...

25 PR firms become IMAGE certified
Issued: September 27, 2014
More than two dozen Puerto Rico businesses representing the automotive, retail, healthcare, restaurant, security, agriculture, food, banking ...

more Local news
Viagra ads target women for 1st time
Issued: September 30, 2014
TRENTON, N.J. — The maker of the world's top-selling erectile dysfunction drug on Tuesday will begin airing the first Viagra TV commerci ...

EBay to split off lucrative PayPal business
Issued: September 30, 2014
SAN JOSE, Calif. — EBay is splitting off its fastest growing segment, mobile payment service PayPal, the e-commerce company said Tuesday.

Johnson & Johnson buying Alios for $1.75B
Issued: September 30, 2014
NEW BRUNSWICK, N.J. — Johnson & Johnson is buying the biopharmaceutical company Alios BioPharma Inc. for about $1.75 billion.

Report: Gambling industry paid out $38B in taxes
Issued: September 29, 2014
LAS VEGAS — The gambling industry nationwide paid out a jackpot-worthy $38 billion in federal, state and local taxes in 2013, according to a ...

Reports: WH intruder gets far past front door
Issued: September 29, 2014
WASHINGTON — The intruder who climbed a fence made it farther inside the White House than the Secret Service has publicly acknowledged, the ...

Number of US kids in foster care up after long dip
Issued: September 29, 2014
After dropping for seven straight years, the number of U.S. children in foster care rose slightly last year, according to new federal figure ...

Study: Recessions can postpone motherhood forever
Issued: September 29, 2014
NEW YORK — When the economy tanks, women have fewer babies. But what happens in the following years, when conditions improve? ...

Fed report: IRS bungles hunt for unpaid taxes
Issued: September 29, 2014
WASHINGTON — The IRS failed to take all required steps for collecting unpaid taxes from people it can't locate in over half the cases th ...

Bank of America paying $7.65M to resolve inquiry
Issued: September 29, 2014
NEW YORK — The Securities and Exchange Commission says Bank of America will pay $7.65 million to settle allegations that it overstated how m ...

Icahn weighs $100M bid to save Taj Mahal casino
Issued: September 29, 2014
ATLANTIC CITY, N.J. — Billionaire Carl Icahn is considering spending $100 million to save the Trump Taj Mahal casino from closing.

Who’s a seaman? Supreme Court may chart the waters
Issued: September 27, 2014
EWELL, Md. — William Smith Dize’s life revolved around water.

Obama: Mayors, other leaders to help minority boys
Issued: September 27, 2014
WASHINGTON — President Barack Obama is broadening a program that is designed to help make young minority men's lives better.

Japanese firm fined $67.7M in shipping conspiracy
Issued: September 26, 2014
A Japanese company is paying a $67.7 million criminal fine to the United States for conspiring to fix prices for international ocean shippin ...

‘Bond King’ Gross exits Pimco, joins Janus
Issued: September 26, 2014
NEW YORK — The biggest star in the bond market shocked the financial world Friday by leaving the huge money management firm he has led for f ...

more National news
Afghanistan, US sign long-awaited security pact
Issued: September 30, 2014
KABUL, Afghanistan — Afghanistan and the United States signed a security pact on Tuesday to allow U.S. forces to remain in the country past ...

Spain's Catalonia halts independence vote campaign
Issued: September 30, 2014
MADRID — The regional government of Catalonia says it will heed a decision by Spain's top court suspending its plans to hold an independ ...

Group: Wildlife populations down drastically
Issued: September 29, 2014
GENEVA — Populations of about 3,000 species of wildlife around the world have plummeted far worse than previously thought, according to a ne ...

China faces tricky balance in Hong Kong's protests
Issued: September 29, 2014
BEIJING — Pro-democracy protests in Hong Kong have handed China's Communist leadership a thorny political dilemma.

Spain court prevents Catalonia independence vote
Issued: September 29, 2014
MADRID — An independence vote set for November in Spain's powerful Catalonia region was halted Monday by the nation's constitutional ...

Syria 'OK' with US airstrikes
Issued: September 29, 2014
UNITED NATIONS — Syria's foreign minister said Monday that his government is satisfied with the U.S.-led bombing campaign against the Is ...

Cuba begins to unite private enterprise, tourism
Issued: September 29, 2014
HAVANA — Cuba’s state-run tourism industry increasingly is doing business with the country’s new class of private entrepreneurs, trying to i ...

Netanyahu: Hamas, Islamic State group share creed
Issued: September 29, 2014
UNITED NATIONS — Israeli Prime Minister Benjamin Netanyahu compared his country's recent bombing campaign in Gaza to the U.S.-led strike ...

Spain challenges Catalonia referendum call
Issued: September 29, 2014
MADRID — Spain's government has filed appeals before the country's top court to try to halt the powerful northeastern region of Cata ...

Venezuela takes over closed Clorox factory
Issued: September 28, 2014
CARACAS, Venezuela — Venezuela's government has seized a factory belonging to Clorox just days after the U.S. company announced it was s ...

Cuban cologne creators to face punishment
Issued: September 28, 2014
HAVANA — Cuba will punish state employees who created two colognes named for Ernesto "Che" Guevara and late Venezuelan President H ...

New mosquito-borne virus spreads in Latin America
Issued: September 27, 2014
SANTO DOMINGO, Dominican Republic — An excruciating mosquito-borne illness that arrived less than a year ago in the Americas is raging acros ...

US-led coalition launches new airstrikes in Syria
Issued: September 27, 2014
BEIRUT — U.S. coalition-led warplanes struck jihadis attacking a town near the Turkish border for the first time Saturday, as well as positi ...

Catalonia defies Spain by calling secession vote
Issued: September 27, 2014
BARCELONA, Spain — The president of Spain’s powerful northeastern region of Catalonia on Saturday formally called an independence referendum ...

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