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Puerto Rico hires stateside bankruptcy experts, including judge who handled Detroit’s $18 billion bankruptcy
Issued: June 29, 2015
In the wake of Puerto Rico Gov. Alejandro García Padilla’s announcement to the New York Times that the commonwealth could no longer pay its $72.2...
Moody’s: Impact of a Puerto Rico default difficult to assess
Issued: June 29, 2015
Ted Hampton, Moody’s Investors Service vice president and lead analyst for Puerto Rico, issued a statement Monday saying Gov. Alejandro García...
Fitch downgrades Puerto Rico GOs, related ratings to 'CC'; maintains Rating Watch Negative
Issued: June 29, 2015
Fitch Ratings has downgraded Puerto Rico's general obligation (GO) and related debt ratings to 'CC' from 'B'. The ratings remain...
Sun Country to offer year-round service from Fort Myers to San Juan
Issued: June 29, 2015
Tourism remains a bright spot in Puerto Rico’s economy and the recent announcement by Sun Country Airlines that it will expand nonstop year-round...
NBC to Donald Trump: You're fired
Issued: June 29, 2015
NEW YORK — NBC said Monday that it is ending its business relationship with mogul and GOP presidential candidate Donald Trump because of comments he...
Justices rule against EPA power plant mercury limits
Issued: June 29, 2015
WASHINGTON — The Supreme Court ruled Monday against the Obama administration's attempt to limit power plant emissions of mercury and other...
Port of San Juan receives record 1.5 million cruise passengers
Issued: June 29, 2015
On Sunday, the Port of San Juan registered a record 1.5 million passengers for fiscal 2015, announced the executive director of the Ports Authority,...
Puerto Rico stocks hit hard by New York Times article
Issued: June 29, 2015
Following Gov. Alejandro García Padilla’s comments in the New York Times, posted Sunday evening, that the island’s debt was unpayable, all five stocks...
Bond insurers fall on Puerto Rico woes
Issued: June 29, 2015
Shares of bond insurers tumbled Monday after Gov. Alejandro García Padilla said Puerto Rico had little hope of paying its $72 billion debt. ...
5 ways airlines are actually making flying better
Issued: June 29, 2015
Packed planes. Less legroom. Fewer frequent flier miles. ...
Mayors Federation declines to participate in meeting with governor
Issued: June 29, 2015
The members of the New Progressive Party-controlled Mayors Federation have declined to attend a meeting convened by La Fortaleza's Municipal...
Puerto Rico’s debt 'not payable'
Issued: June 28, 2015
Just as a key report on Puerto Rico’s fiscal and economic situation led by former International Monetary Fund (IMF) Managing Director Anne Krueger is...
Some 10 monkeys freed from primate research center have yet to be found
Issued: June 28, 2015
Authorities say 21 monkeys were set free after someone broke a lock on their enclosures at a primate research facility. ...
SpaceX rocket destroyed on way to space station, cargo lost
Issued: June 28, 2015
An unmanned SpaceX rocket carrying supplies to the International Space Station broke apart Sunday shortly after liftoff. It was a severe blow to NASA,...
Comptroller audit finds irregularities at General Services Administration
Issued: June 28, 2015
Puerto Rico Comptroller Yesmín Valdivieso said an audit of the General Services Administration (GSA) found more than 10 irregularities between fiscal...
New questions about why more women than men have Alzheimer's
Issued: June 28, 2015
Nearly two-thirds of Americans with Alzheimer's disease are women, and now some scientists are questioning the long-held assumption that it's...
Puerto Rico House, Senate seek consensus on final budget plan
Issued: June 28, 2015
On Sunday, House majority legislators decided not to concur with the fiscal year 2016 budget plan approved late Wednesday by the Senate, sending the...
Frank Medina new president-elect at P.R. Chamber of Commerce
Issued: June 27, 2015
The Puerto Rico Chamber of Commerce (CofC) chose Frank Medina, president of Vita Natura, as the organization’s new president-elect, during its annual...
U.S. Sen. Leahy sees 'positive change,' work to do in Cuba
Issued: June 27, 2015
HAVANA — A leading U.S. Democratic senator said Saturday that Cuba is making progress on reform, but much remains to be done, including opening a U.S....
Zaragoza: Treasury ready for 11.5% sales tax; orientation efforts increase
Issued: June 27, 2015
Treasury Secretary Juan Zaragoza said the agency is readying businesses for the upcoming implementation of the sales & use tax (IVU by its Spanish...
Senate passes bill allowing $400M in TRANs, conditioning GOs’ reserves; introduces budget stabilizer
Issued: June 27, 2015
A bill from La Fortaleza that seeks to raise short-term debt from some public corporations and conditions the government’s reserves to cover...
Puerto Rico amends laws after US ruling on gay marriage
Issued: June 27, 2015
Thousands of people in Puerto Rico celebrated Friday's U.S. Supreme Court ruling to allow gay marriage as authorities rushed to approve...
Piñones beach cleanup event to be held Saturday
Issued: June 26, 2015
For a fourth-consecutive year, Barefoot Wine & Bubbly and Scuba Dogs Society will lead the cleanup of Soleil’s beach in Piñones on Saturday. ...
Ponce Port, Portek fine-tune contract details
Issued: June 26, 2015
The legal details of a three-year contract to have Singapore-based Portek International Ltd. manage Ponce’s port are being fine-tuned, executive...
FHLB of New York soliciting nominations for 4 director seats
Issued: June 26, 2015
The Federal Home Loan Bank (FHLB) of New York is formally soliciting nominations for candidates to serve on its board for terms commencing on Jan. 1,...


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