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Attorney: UBS $5.2M settlement with PR regulator is a slap on the wrist
Issued: October 16, 2014
An attorney for scores of Puerto Rico investors pursuing claims against UBS is blasting a $5.2 million settlement with Puerto Rico’s Office of the...
Doral employees urge governor to drop case
Issued: October 16, 2014
Doral employees held a press conference at company headquarters in San Juan on Thursday to release a letter they sent to Gov. Alejandro García...
Big shuffle in PR govt fiscal team
Issued: October 16, 2014
Gov. Alejandro García Padilla announced a major shakeup of his fiscal team on Wednesday. ...
Bloomberg: Scotiabank mulling PR exit
Issued: October 16, 2014
Canada’s Bank of Nova Scotia is considering selling its Scotiabank de Puerto Rico unit, Bloomberg News reported Thursday. ...
Top court guts new Bar Association law
Issued: October 16, 2014
The Puerto Rico Supreme Court has ruled that the heart of a new law requiring all island attorneys to belong to the Puerto Rico Bar Association is...
Governor touts progress in crime fight
Issued: October 16, 2014
Puerto Rico Gov. Alejandro Garcia Padilla on Thursday outlined progress in his administration’s 10-point anticrime plan. ...
Campaign trail leads NY governor to PR, DR
Issued: October 16, 2014
New York Gov. Andrew Cuomo is slated to visit Puerto Rico and the Dominican Republic on Friday as the Democrat hits the campaign trail ahead of his...
White House awards $7M grant to put people back to work in PR tech corridor
Issued: October 16, 2014
The Obama administration is awarding $7 million to the Puerto Rico Technoeconomic Corridor as part of an expanded effort to help get the long-term...
PR names 5 new Mi Salud companies
Issued: October 16, 2014
The Puerto Rico government on Wednesday named five companies that will manage its Mi Salud (Medicaid) health insurance program covering nearly 1.5...
Moody’s: PR’s default risk still highest of all sovereign entities we track
Issued: October 15, 2014
Puerto Rico’s market-based measures of credit risk remain higher than any other country its tracks, according to Moody’s Analytics, a trend it says...
Nurses in safety gear got Ebola, why wouldn’t you?
Issued: October 15, 2014
WASHINGTON — How come nurses wearing protective gear can catch Ebola from a patient, but health officials keep saying you almost certainly won’t get...
PR entrepreneur: Time to come back
Issued: October 15, 2014
Much has been written about Puerto Rico’s “brain drain” problem, painting a picture of young, college educated islanders leaving in droves for the...
Doral willing to talk on $230M tax debt
Issued: October 15, 2014
Doral Financial Corp said Monday that it is willing to negotiate with the Puerto Rico government over a $230 million tax debt owed to the San...
Caribbean/Mexico hotel pipeline picks up
Issued: October 15, 2014
The Caribbean/Mexico hotel development pipeline comprises 170 hotels totaling 29,572 rooms, according to the September 2014 STR Construction Pipeline...
PR seeks partner for Port of Americas
Issued: October 15, 2014
The Puerto Rico government is looking for a major international port operator to partner with on the long-stalled development of the Port of the...
New Mi Salud companies to be named
Issued: October 15, 2014
The Puerto Rico government is set to name Wednesday the companies that will manage its Mi Salud (Medicaid) health insurance program covering nearly...
Hurricane strengthens, aims for Bermuda
Issued: October 14, 2014
PHILIPSBURG, St. Maarten — Hurricane Gonzalo grew into a major Category 3 storm Tuesday and is expected to strengthen further as it heads toward...
GDB takes over fund management
Issued: October 14, 2014
The Government Development Bank has taken over full management of the Puerto Rico Government Investment Trust Fund (PRGITF). ...
S&P: Competitiveness could take hit as states cool on new debt issuances
Issued: October 14, 2014
Debt issuance in the majority of U.S. states remains below average, according to a new report by Standard & Poor’s Ratings Services. ...
Gonzalo misses PR, builds over open ocean
Issued: October 14, 2014
Storm warnings were lifted from Puerto Rico and the U.S. Virgin Islands on Tuesday morning as a building Hurricane Gonzalo bypassed the two U.S....
Walmart PR highlights success stories
Issued: October 14, 2014
Walmart Puerto Rico is launching an advertising campaign in which its associates, suppliers and community groups it helps relate how the retailer’s...
Treasury to appeal ruling in Doral case
Issued: October 13, 2014
The Puerto Rico government will appeal a court ruling in favor of Doral Financial Corp. in a $230 million tax fight with the island Treasury...
PR goes big at meetings tradeshow
Issued: October 13, 2014
A delegation of Puerto Rico’s tourism industry, led by Meet Puerto Rico, will participate this week in the fourth edition of IMEX America, the largest...
Fire breaks out on PR-DR flight
Issued: October 13, 2014
A fire broke out on a flight from Puerto Rico to the Dominican Republic on Monday, leaving 13 people with minor injuries. ...
GDB details short-term debt deals as PR’s borrowing costs surge
Issued: October 12, 2014
The Government Development Bank for Puerto Rico (GDB) detailed Friday the sale of $900 million in short-term debt to a syndicate of banks led by...


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