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Feds bust HTA treasurer in kickback scheme
Issued: December 3, 2014
Federal agents arrested a high-level career Highways & Transportation Administration employee on corruption charges during a raid at the public...
US House moves to extend tax breaks; rum funds, Section 199 in mix
Issued: December 3, 2014
The U.S. House of Representatives is moving to extend a $45 billion package of expired tax breaks through the end of the year, including boosted rum...
Banco Popular gets ‘Bank of Year’ nod
Issued: December 3, 2014
Banco Popular de Puerto Rico has received the prestigious “Bank of the Year Puerto Rico for 2014” award from The Banker, an international banking...
Aerostar taps Puma for jet fuel services
Issued: December 3, 2014
Aerostar Airport Holdings has tapped Puma Energy to supply jet fuel to airlines that operate at Luis Muñoz Marín International Airport. ...
House passes HTA bailout, pegs oil tax surge to broader tax reform
Issued: December 2, 2014
Puerto Rico’s House of Representatives has approved a steep hike in the petroleum tax to bail out the Highways & Transportation Authority, pegging...
Microsoft acquires Acompli for $200M; app venture headed by PR CEO
Issued: December 2, 2014
Microsoft has acquired Acompli, a provider of mobile email apps co-founded and headed by a Puerto Rican entrepreneur, in a deal worth an estimated...
Bankruptcy filings down slightly in 2014
Issued: December 2, 2014
Bankruptcy filings in Puerto Rico totaled 771 in November, a 6 percent decline from the same month in 2013. ...
Power bills falling with oil prices
Issued: December 2, 2014
Puerto Rico’s sky-high power bills are on track to drop by 9 percent this month as oil prices continue to fall. ...
PR manufacturing index edges up
Issued: December 2, 2014
Puerto Rico factories firmed up October, climbing above the growth threshold level after closing five of the previous six months below the mark. ...
‘Topy’ Mamery, 54, dies of heart attack
Issued: December 2, 2014
Music and media executive Carlos “Topy” Mamery died of a heart attack Tuesday morning. He was 54. ...
Amended oil tax bill set to clear Capitol
Issued: December 2, 2014
Lawmakers in Puerto Rico could approve a steep hike in the petroleum tax on Tuesday as amendments to the Highway & Transportation Authority bill...
Quiet Atlantic hurricane season ends
Issued: December 1, 2014
This year’s relatively quiet Atlantic hurricane season has come to an end. ...
Rum rebates, Section 199 on packed agenda of lame-duck Congress
Issued: December 1, 2014
Boosted rum rebates for Puerto Rico and the U.S. Virgin Islands are part of packed agenda as lame-duck lawmakers returned to Washington on Monday...
Key PR economic index drops again; 2.2% fall is second deepest of 2014
Issued: December 1, 2014
A key gauge of Puerto Rico’s economy posted another drop in October, marking nearly two years of decline and its second steepest year-over-year...
Changes to HTA bailout bill being eyed
Issued: December 1, 2014
Lawmakers in Puerto Rico are looking at amended La Fortaleza legislation to surge the petroleum tax to bail out the broke Highways &...
P3 pact aims to lure new slot players
Issued: December 1, 2014
The Puerto Rico government is moving to lure new players to the island’s hotel casinos as illegal slots take a big bit out of revenues. ...
Governor says he has votes for HTA bailout, calls off mass transit shutdown
Issued: November 30, 2014
Gov. Alejandro García Padilla took to the airwaves Sunday saying he has enough votes to pass a bailout of the Highways & Transportation...
Feds warn of transit shutdown fallout
Issued: November 29, 2014
The federal government is warning Puerto Rico officials about the potential fallout from a looming shutdown of the cash-strapped Highway &...
Fewer Black Friday shoppers this year
Issued: November 28, 2014
Retailers in Puerto Rico are signaling that Black Friday shopping has been lighter than in recent years, an unwelcome sign as the holiday sales season...
Construction industry pushes HTA bailout, says jobs, economy at risk
Issued: November 27, 2014
Puerto Rico’s construction industry is warning that thousands of islanders will be left jobless if lawmakers don’t clear a steep hike in the petroleum...
Mayor defends San Sebastián Fest rename
Issued: November 27, 2014
San Juan Mayor Carmen Yulín Cruz is defending her decision to cut the name of the San Sebastián Street Festival short as the annual bash continues to...
S&P: FBI probe won’t impact Prepa rating
Issued: November 27, 2014
A federal probe reaching into the Puerto Rico Aqueduct & Sewer Authority will not affect the government utility’s credit rating, Standard &...
GDB ramps up pressure on oil tax
Issued: November 26, 2014
The Government Development Bank on Wednesday ramped up the pressure on lawmakers to clear a bailout of the broke Highways & Transportation...
Gift guide: Lots of tablet choices, oh my!
Issued: November 26, 2014
NEW YORK — Time for a tablet? ...
Undeclared cash lands pilot in jail
Issued: November 26, 2014
A pilot who runs an executive jet company that has transported the president of Guyana was arrested after U.S. agents found more than $600,000 in...


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