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Moody’s economist: Puerto Rico crisis won’t lead to significant U.S. muni market fallout
Issued: July 1, 2015
Mark Zandi, a chief economist at Moody’s Analytics who compiles payroll company ADP’s monthly U.S.
Prepa makes $415M payment; gets forbearance agreement extension until Sept. 15
Issued: July 1, 2015
Prepa set to accelerate infrastructure overhaul; New Energy Coalition, utility about to sign nondisclosure agreements
Issued: July 1, 2015
The 11th-hour negotiations between the Puerto Rico Electric Power Authority (Prepa) and the utility’s bondholders—with Prepa still negotiating a...
Worried Puerto Rico investors considering moving accounts stateside; fears unfounded financial experts say
Issued: July 1, 2015
Gov. Alejandro García Padilla’s recent announcement that Puerto Rico’s $72.2 billion debt load is “not payable” has resulted in concerns among the...
NEXT announces top producers’ trip to Puerto Rico
Issued: July 1, 2015
NEXT Financial Group Inc. announced the qualifiers for its annual Top Producers’ Educational Conference (TPEC), which will be held in San Juan from...
Macy's dumps Trump clothing line in response to comments
Issued: July 1, 2015
NEW YORK — Macy's is the latest company to end its relationship with Donald Trump as the fallout from the real estate mogul's remarks about...
Bill to make Spanish official language of Puerto Rico fails to pass in Legislature
Issued: July 1, 2015
A bill that would have made Spanish the official language in Puerto Rico was among the measures that remained pending consideration in the Legislature...
Puerto Rico inclusion in federal bankruptcy code finds more support
Issued: July 1, 2015
Puerto Rico’s efforts to be afforded the protections of the federal bankruptcy code’s Chapter 9 provisions are being helped by top Democrats. ...
Trump files $500 million lawsuit as pageant woes mount
Issued: July 1, 2015
NEW YORK — As fallout built over Donald Trump's remarks about immigrants from Mexico, the Republican presidential candidate answered back with...
OppenheimerFunds says it will defend its Puerto Rico holdings
Issued: July 1, 2015
A subsidiary of Massachusetts Mutual Life Insurance Co., OppenheimerFunds, which according to Morningstar owns some $4.5 billion of Puerto Rico’s...
Economists say Puerto Rico needs right to bankruptcy option
Issued: June 30, 2015
Puerto Rico's financial future hung in limbo Tuesday as economists and officials warned that the island could head down Greece's path if it is...
Comparing economic woes in Puerto Rico and Greece
Issued: June 30, 2015
The governments of both Puerto Rico and Greece are facing financial crunches in which neither has enough money to make payments on mountains of...
Paulson hit hard by Puerto Rican, Greek crises
Issued: June 30, 2015
Hedge fund billionaire John Paulson, who has carried out several investments in Puerto Rico of late, stands to become one of the biggest losers...
Puerto Rico stocks tumble for 2nd day
Issued: June 30, 2015
Puerto Rico stocks took another hit Tuesday over concerns the local government will not be able to pay its debt and might fall into default. ...
Trump's pageant woes mount with TV and contestant drop-outs
Issued: June 30, 2015
NEW YORK — Fallout from Donald Trump's remarks about immigrants from Mexico continued to dog him Tuesday as a TV company backed by Mexican...
Puerto Rico bond insurers, bonds continue to fall
Issued: June 30, 2015
Shares of bond insurance companies tumbled Tuesday after Gov. Alejandro García Padilla said Puerto Rico had little hope of paying its $72 billion...
S&P downgrades UPR rating to CCC- with negative outlook
Issued: June 30, 2015
Standard & Poor's Ratings Services lowered its long-term rating and underlying rating (SPUR) to 'CCC-' from 'CCC+' on the...
GDB-EAI shows 0.2% year-over-year uptick in May
Issued: June 30, 2015
The Government Development Bank’s Economic Activity Index (GDB-EAI) registered a 0.2% year-over-year (YOY) increase in May, but a month-over-month...
FirstBank, Gustazos create alliance
Issued: June 30, 2015
The number of consumers who join different internet platforms to maximize their money increases on a daily basis in Puerto Rico. ...
Don't blink or you might miss the leap second on Tuesday
Issued: June 30, 2015
Tuesday lasts a wee bit longer — by a second. ...
Puerto Rico lawmakers pass fiscal 2016 budget
Issued: June 30, 2015
The Puerto Rico Legislature approved Monday a $9.8 billion budget plan for fiscal year 2016, which now heads to La Fortaleza where Gov. Alejandro...
Puerto Rico residents rush to stores as 11.5% IVU hike goes into effect Wednesday
Issued: June 30, 2015
In the past few weeks, shoppers have been flocking to stores in Puerto Rico as the 7% sales & use tax (IVU by its Spanish acronym) increases to...
Health Department claims saving more than $8 million
Issued: June 30, 2015
Appearing before the Senate Labor Relations, Consumer Affairs and Job Creation Committee, Health Secretary Ana Ríus said the department saved more...
Prasa fails to comply with fiscal sustainability law
Issued: June 30, 2015
The Puerto Rico Electric Power Authority (Prepa) omitted essential information about its compliance with Act 66 of 2014 at the public hearings held...
Pep Boys may be on the lot
Issued: June 30, 2015
PHILADELPHIA — The auto parts seller Pep Boys may be putting itself up for sale. ...


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