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Puerto Rico construction industry reacts to announcement of potential default
Issued: July 2, 2015
In light of Gov. Alejandro García Padilla’s announcement of a severe fiscal crisis that might lead to a default on the government’s debt, the...
McConnell: Senate unlikely to confirm ambassador to Cuba
Issued: July 2, 2015
LEXINGTON, Ky. — Senate Majority Leader Mitch McConnell said the Republican majority is unlikely to confirm an ambassador to Cuba as the United States...
Moody's downgrades Universidad del Sagrado Corazón
Issued: July 2, 2015
Moody's Investors Service on Thursday downgraded San Juan’s Universidad del Sagrado Corazón to Ba1 from Baa3 on its General Revenue and Refunding...
Co-ops set strategies for potential aftereffects of Puerto Rico fiscal crisis
Issued: July 2, 2015
The Puerto Rico Cooperatives Supervision & Insurance Corp. (Cossec by its Spanish acronym) has developed a plan, along with government officials...
Several key measures fail to secure legislative passage
Issued: July 2, 2015
During the last day of the Legislature’s current session, Puerto Rico lawmakers left various bills on the table over differences between...
A.M. Best briefing: Puerto Rico’s economic struggles an ongoing challenge
Issued: July 2, 2015
In light of the recent economic conditions in Puerto Rico, exacerbated by the significant public debt of approximately $73 billion carried by the...
Feds: NYC mailman's scheme delivers $1M in bogus tax refunds
Issued: July 2, 2015
NEW YORK — Federal prosecutors say they have charged a New York City mail carrier with stealing over $1 million through a scheme that delivered bogus...
Google's new app blunders by calling black people 'gorillas'
Issued: July 2, 2015
SAN FRANCISCO — Google's new image-recognition program misfired badly this week by identifying two black people as gorillas, delivering a...
Top US auto safety regulator says Fiat Chrysler to face sanctions
Issued: July 2, 2015
WASHINGTON — The chief U.S. auto safety regulator says Fiat Chrysler will face sanctions for violating safety laws in multiple recalls. ...
Palmas del Mar goes solar
Issued: July 2, 2015
The Palmas del Mar Homeowners Association (PHA) recently inaugurated a major photovoltaic project, the first at Palmas del Mar and in the Southeast...
Cuba launches 1st public Wi-Fi hotspots on Havana avenue
Issued: July 2, 2015
HAVANA — Cuban authorities have launched public Wi-Fi hotspots along a main avenue that is the heart of Havana's cultural and social life, the...
FDA clears drug for leading form of cystic fibrosis
Issued: July 2, 2015
WASHINGTON — Federal health officials have approved a new combination drug for the most common form of cystic fibrosis, the debilitating inherited...
Prasa debt rating lowered 2 notches; off watch
Issued: July 2, 2015
Standard & Poor's Ratings Services said Thursday it lowered its rating two notches, to 'CCC-' from 'CCC+', on Puerto Rico...
Sonia Manzano, who played Maria on 'Sesame Street,' retiring
Issued: July 2, 2015
NEW YORK — "Sesame Street" is about to be less A-OK. Sonia Manzano, who has played the role of Maria on the groundbreaking kid show since...
S&P revises Autopistas Metropolitanas note rating outlook to negative
Issued: July 2, 2015
Standard & Poor's Ratings Services revised on Wednesday the outlook to negative from stable and affirming its 'BBB-' rating on...
Popular to report results, hold conference call July 24
Issued: July 2, 2015
Popular Inc. announced Thursday that it expects to report its financial results for the second quarter ending June 30 before the market opens on July...
UPS marks 30 years of operations in Puerto Rico
Issued: July 2, 2015
This year marks UPS’s 30 years of operations in Puerto Rico. The company established its operations in 1985 with 60 employees, offering delivery...
Governor signs fiscal 2016 budget into law
Issued: July 2, 2015
La Fortaleza announced Wednesday that Gov. Alejandro García Padilla has signed the $9.8 billion budget plan approved Monday by the Legislature. ...
Government updates financial information, estimates fiscal 2015 deficit at more than $700M
Issued: July 2, 2015
The Puerto Rico government filed late Tuesday a supplement to its quarterly report submitted May 7 that updates the financial condition of the...
Prasa extends rationing to Guaynabo, other metropolitan areas
Issued: July 2, 2015
Puerto Rico Aqueduct and Sewer Authority (Prasa) President Alberto Lázaro Castro announced Thursday the inclusion of new areas under the Water Control...
Bush: Cuba relations should advance human rights, but administration's moves are failing
Issued: July 2, 2015
WASHINGTON — Loud but hardly universal catcalls from Republicans underscored the obstacles and opportunities ahead as U.S. and Cuban leaders announced...
Expedia opens new office in Puerto Rico
Issued: July 2, 2015
With the tourism industry booming in Puerto Rico, travel website Expedia has now opened its first office in San Juan. ...
S&P lowers Prepa ratings to 'CC'
Issued: July 2, 2015
Standard & Poor's Ratings Services has lowered its long-term and underlying ratings (SPURs) on the Puerto Rico Electric Power Authority’s...
Solid hiring expected for June as US job market nears normal
Issued: July 2, 2015
WASHINGTON — U.S. employers likely hired at another strong pace in June, a sign that the job market is nearing full health and giving the Federal...
Reelz comes to the rescue of homeless Miss USA pageant
Issued: July 2, 2015
LOS ANGELES — The Reelz channel is coming to the rescue of Donald Trump's Miss USA pageant. ...


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