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Swirling storms soak PR, USVI
Issued: August 22, 2014
Puerto Rico and the U.S. Virgin Islands are bracing for heavy rains and strong winds as a cluster of storms swirl across the northern Caribbean. ...
EDB now taking loan requests online
Issued: August 22, 2014
The Puerto Rico government’s Economic Development Bank is rolling out a new online service that allows businesspeople so file loan and track loan...
DR bans Miley Cyrus concert
Issued: August 22, 2014
SANTO DOMINGO, Dominican Republic - The Dominican Republic government commission that oversees public performances is banning a Sept. 13 concert by...
Doral walks away from talks with Treasury
Issued: August 21, 2014
Doral Financial Corp. walked away Thursday from negotiations with the Treasury Department over the validity of a $230 million tax deal. ...
PR drug ring accused of selling meth
Issued: August 21, 2014
The U.S. Attorney’s Office in Puerto Rico is for the first time prosecuting a suspected drug-trafficking organization on charges of distributing...
Ultrafast network project gains ground
Issued: August 21, 2014
Puerto Rico’s planned $17 million investment to create an ultra-high-speed Internet network in a projected San Juan tech hub took a step forward this...
PR priest pleads guilty in abuse case
Issued: August 21, 2014
A Roman Catholic priest in Puerto Rico has pleaded guilty to transporting a minor with the intent to engage in criminal sexual conduct. ...
RFQ for public housing redevelopment
Issued: August 21, 2014
The Puerto Rico government has issued a request for qualifications to redevelop three public housing projects. ...
UPR creating energy institute
Issued: August 21, 2014
The University of Puerto Rico is launching an institute focused on energy and sustainability issues and policy. ...
Governor: Prepa CRO can’t raise rates
Issued: August 21, 2014
Gov. Alejandro García Padilla is signaling that the power of the incoming chief restructuring officer at the Puerto Rico Electric Power Authority will...
Heavy rains, gusty winds headed to PR
Issued: August 21, 2014
Forecasters are monitoring a weather system in the Atlantic that has a chance of developing as it approaches the Caribbean. ...
Top court beefs up oversight of judges
Issued: August 20, 2014
Puerto Rico Supreme Court Chief Justice Liana Fiol Matta is launching a specialized unit to handle corruption and ethics claims against island judges....
Fitch: Prepa still likely to restructure debt
Issued: August 20, 2014
Fitch Ratings believes that a restructuring of Puerto Rico Electric Power Authority’s debt obligations remains likely despite financial lifelines...
Bhatia: Education and Health must pay electric bills in 30 days
Issued: August 20, 2014
Senate President Eduardo Bhatia told the administration’s budget chief Wednesday to order the Health and Education departments to pay off their...
Justice: Still plans to sue credit raters
Issued: August 20, 2014
Justice Secretary César Miranda says the Puerto Rico government still aims to sue credits rating agencies over a flood of downgrades spurred by the...
Report: Hedge funds say PR economy, ability to pay debt, underestimated
Issued: August 20, 2014
Hedge funds invested in Puerto Rico bonds are arguing that Puerto Rico’s economic performance may be grossly underestimated, according to a Financial...
Rum is bright spot in USVI economy
Issued: August 20, 2014
The U.S. Virgin Islands rum industry is surging despite an overall drop in the territory’s economy. ...
High-end condo now social-interest housing
Issued: August 20, 2014
A new high-end condominium in the heart of San Juan’s financial district has been converted to social-interest housing after the apartments sat unsold...
PR unemployment holds; payroll jobs, participation drop; 28K fewer working
Issued: August 20, 2014
Puerto Rico’s unemployment rate held steady while payroll jobs posted another drop in July, the U.S. Labor Department’s Bureau of Labor Statistics...
PR man to Pope: Take ice bucket challenge
Issued: August 20, 2014
A Puerto Rico man suffering from ALS has challenged Pope Francis to join the ice-bucket challenge, a social media-based drive to raise awareness and...
2 officers wounded in line of duty
Issued: August 19, 2014
Two undercover police officers were wounded in a shooting at a public housing project in Las Piedras on Tuesday afternoon. ...
Sen. Nieves: Aim is to cut power bills
Issued: August 19, 2014
Sen. Ramón Luis Nieves said Tuesday that the legislative probe of Puerto Rico Electric Power subsidies he is heading is part of far-ranging efforts to...
USDA: $256K for two PR farms
Issued: August 19, 2014
Two Puerto Rico farms will split more than $256,000 as part of $25 million in U.S. Department of Agriculture grants to help 247 businesses nationwide...
Mayagüez casino to cut hours to stay open
Issued: August 19, 2014
The Mayagüez Resort Hotel & Casino is seeking to reduce its casino’s operation to four hours per day as it works to remain open. ...
Financial restructuring in duties of Prepa’s new CRO post
Issued: August 19, 2014
The Puerto Rico Electric Power Authority’s new chief restructuring officer (CRO) role will cover both financial and operational restructuring. ...


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