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Prepa ex-officials face fraud, other charges
Issued: October 22, 2014
Puerto Rico’s Justice Department has filed fraud and other charges against officials at the troubled state-owned power utility in the U.S. territory. ...
WOSO silenced by unpaid power bill
Issued: October 22, 2014
Puerto Rico’s only English-language news radio station has been silenced by an unpaid power bill. ...
Popular nets $62.6M in 3Q; NY Fed MOU dating back to 2011 is lifted
Issued: October 22, 2014
Popular, Inc. reported a net income of $62.6 million for the third quarter, compared to net loss of $511.3 million for the previous three-month...
Work starts on $30M Hyatt Place SJ, is third Convention Center District hotel
Issued: October 22, 2014
Construction officially got under way Tuesday on the Hyatt Place San Juan, a 149-room hotel in the San Juan Convention Center District. ...
US judge upholds PR gay marriage ban
Issued: October 22, 2014
A federal judge has upheld Puerto Rico’s ban on same-sex marriage, ruling that the issue is up to the island Legislature, not the courts, to decide. ...
S&P: Doral ruling doesn’t alter PR rating
Issued: October 21, 2014
Puerto Rico’s general obligation bonds would not likely be downgraded further into junk territory if the commonwealth government ultimately loses its...
PR payrolls, unemployment rate rise
Issued: October 21, 2014
Puerto Rico’s payroll jobs posted an overall gain in September on a year-over-year basis while the unemployment rate surged back above 14 percent, the...
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 maneuvering out of a financial meltdown, according to veteran credit analyst...
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 collections could upend Puerto Rico’s plans for a balanced budget this fiscal year. ...
International Auto Show gets in gear
Issued: October 20, 2014
Puerto Rico consumers once again have the opportunity to get their first glimpses of 2015 model year vehicles, all under one roof, during the 2014...
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 Republic — two...
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 budget and...
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 essential to...
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%, from...
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 with the...
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 African...
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. ...
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...


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