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US House OKs budget bill calling for Treasury to ‘assist’ PR on fiscal fixes
Issued: July 17, 2014
The U.S. House of Representatives has approved an appropriations bill that calls on the U.S. Treasury Department to “provide technical assistance to...
PR declares chikungunya virus epidemic
Issued: July 17, 2014
The Puerto Rico Health Department has declared an epidemic of the mosquito-borne chikungunya virus. ...
Territories get big Obamacare waiver
Issued: July 17, 2014
The Obama administration has determined that the Affordable Care Act’s market rules don’t apply Puerto Rico Rico and the four other U.S. territories...
Governor heads $10K per plate Dem fundraiser
Issued: July 17, 2014
Puerto Rico Gov. Alejandro García Padilla was headlining a $10,000 per plate fundraising dinner in San Juan on Thursday to benefit the Democratic...
PR government aims to reassure investors
Issued: July 17, 2014
Gov. Alejandro García Padilla reiterated Thursday his pledge to submit a comprehensive tax reform plan in the next six months that would help spur...
S&P downgrades UPR ratings
Issued: July 17, 2014
Standard & Poor’s Ratings Services has lowered its ratings on the University of Puerto Rico. All ratings have been removed from CreditWatch and...
Forbes Travel Guide reaches Caribbean
Issued: July 17, 2014
Forbes Travel Guide will begin rating properties in the Caribbean and Mexico. ...
USA Today: PR is best wedding destination
Issued: July 17, 2014
Puerto Rico is the best wedding destination in the world, according to a new USA Today poll. ...
WSJ spotlights PR’s high-end upswing
Issued: July 17, 2014
The Wall Street Journal is spotlighting a rise in the number of private-equity firms and property managers buying or developing high-end hotels and...
All-electric Nissan Leaf debuts in PR
Issued: July 17, 2014
After a three-year wait, representatives from Nissan and local distributor Motorambar Inc. officially unveiled the 2015 Nissan Leaf electric vehicle...
PR governor says status vote by 2016
Issued: July 16, 2014
Puerto Rico Gov. Alejandro García Padilla said Wednesday his aim is to hold another status plebiscite by the end of the current political term that...
Report: 471 rooms in PR hotel pipeline
Issued: July 16, 2014
Puerto Rico accounts for 471 out of 27,690 rooms in the Caribbean/Mexico hotel development pipeline, according to the June 2014 STR Construction...
Business owners plead guilty to tax evasion
Issued: July 16, 2014
The owners of the Bora Bora surf shops and Flamers burger chain have pleaded guilty to tax evasion and misappropriation of public funds. ...
Moody’s Analytics: ‘Massive debt crisis’ sends PR credit risk skyward
Issued: July 16, 2014
Moody’s Analytics said Monday that Puerto Rico’s market-based measures of credit risk continue to surge and remain higher than any other country its...
What happens to your online accounts when you die?
Issued: July 16, 2014
WASHINGTON — When you die, should your loved ones have access to your Facebook, Gmail and other online accounts? ...
New marine species named for J-Lo
Issued: July 16, 2014
Pop singer Jennifer Lopez may be thinking life is funny after some scientists gave her name to a water mite species they discovered near Puerto Rico. ...
GDB to host investor webcast Thursday
Issued: July 16, 2014
Puerto Rico’s Government Development Bank will host a webcast on Thursday to update investors on Puerto Rico's fiscal and economic plans. ...
Oronoz sworn in to PR Supreme Court
Issued: July 16, 2014
Maite Oronoz Rodríguez was sworn in as a Puerto Rico Supreme Court associate justice on Tuesday, becoming the first openly gay member of the island’s...
Prasa: Water cutoffs on the horizon
Issued: July 16, 2014
The Puerto Rico Aqueduct & Sewer Authority may limit water service before potentially resorting to rationing as reservoir levels continue to fall...
Pierluisi meets with credit raters
Issued: July 15, 2014
Resident Commissioner Pedro Pierluisi has met with representatives from the Wall Street credit rating agencies and members of the investment community...
S&P flags OFG over exposure to PR govt
Issued: July 15, 2014
Standard & Poor’s Ratings Services has flagged Puerto Rico’s OFG Bancorp, the holding company of Oriental Bank, for a potential downgrade due to...
PR top court issues ruling in church abuse case
Issued: July 15, 2014
The Supreme Court of Puerto Rico has found that a Roman Catholic diocese does not need to share information about alleged sexual abuse by its priests...
Governor: I’m tired of credit ratings agencies
Issued: July 15, 2014
Gov. Alejandro García Padilla said he has grown “tired” of the wave of credit downgrades following in the wake of Puerto Rico’s new bankruptcy law and...
PR posts low-season cruise gains
Issued: July 15, 2014
The flow of cruise ships and passengers through San Juan rose by roughly 50 percent in the final two months of fiscal 2014 compared to the May-June...
Doral selling $825M in assets for $369M
Issued: July 14, 2014
Doral Financial Corp. is selling nearly $825 million in non-performing assets to Abbey Finance Holdings PR, LLC in a cash transaction valued at $369...


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