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Doral provides update on capital plan as pressure from FDIC mounts
Issued: October 3, 2014
Doral said late Wednesday it is updating its capital plan and contingency plan to reflect the recent series of asset sales and status of its...
TOTE, Sea Star seal charter for LNG ships
Issued: October 3, 2014
TOTE Shipholdings Inc. and Sea Star Line LLC have sealed an agreement on the charter of the two new trailblazing liquefied natural gas (LNG) powered...
Big bounce in PR manufacturing index
Issued: October 3, 2014
A gauge of Puerto Rico’s manufacturing industry bounced back in a big way in August after posting for straight months below the growth threshold. ...
PR governor wraps up trip to Spain
Issued: October 2, 2014
Puerto Rico Gov. Alejandro García Padilla on Friday wrapped up a trip to Spain, where he pitched the island as an investment destination and business...
Payrolls thin in 5 of 8 PR metro areas
Issued: October 2, 2014
Payrolls thinned in five of eight Puerto Rico metropolitan areas in August even as the overall number of non-farm payroll jobs inched up. ...
Ship from Nigeria causes stir in PR
Issued: October 2, 2014
The Puerto Rico Health Department is taking steps to determine if the crew of cargo ship that arrived from Nigeria posed a health risk to islanders. ...
Why the bond market is more fragile than you think
Issued: October 2, 2014
NEW YORK — A bottleneck is building in the global market for bonds. ...
PR to place TRANs privately; faces steep rates for short-term debt deal
Issued: October 2, 2014
Puerto Rico’s pending $900 million tax revenue anticipation notes (TRANS) sale will be undertaken privately with a syndicate of banks and looks likely...
Vanderbilt moving to fill 300 new jobs
Issued: October 2, 2014
The Condado Vanderbilt is opening some 300 jobs as it prepares for a full-scale relaunch in time for the tourism high-season. ...
Army Corps, EPA say more needed to give green light to LNG terminal in PR
Issued: October 2, 2014
The U.S. Army Corps of Engineers and Environmental Protection Agency say they need more information before signing off on the Aguirre Offshore...
Bacardi throwing Halloween bash on Palomino
Issued: October 1, 2014
This Halloween, Bacardi will fly 1,862 guests into a legendary party in the Bermuda Triangle off Puerto Rico’s northeast coast. ...
PR’s first lady takes on child obesity
Issued: October 1, 2014
Puerto Rico first lady Wilma Pastrana has endorsed a Pan American Health Organization (PAHO) plan of action to prevent child and adolescent obesity,...
IVU collections hit September high mark
Issued: October 1, 2014
Sales & use tax (IVU) collections for September hit a record high for the month on new revenues from the extension of the levy to cargo coming...
FDIC pushes Doral for plans, warns bank ‘significantly undercapitalized’
Issued: October 1, 2014
The Federal Deposit Insurance Corporation (FDIC) is pushing the “significantly undercapitalized” Doral Bank to submit a capital restoration plan or a...
PR banks assets, deposits drop in 2Q
Issued: October 1, 2014
Total assets at Puerto Rico’s commercial banks slid by $1.17 billion (3.4 percent) to $63.25 billion in the second quarter of 2014 on a year-over-year...
Catholic priest in PR eyed for abuse
Issued: September 30, 2014
A Roman Catholic priest in a small town in the western region of Puerto Rico is being investigated for improper conduct with a minor and has been...
Triple-S consolidates MA offerings
Issued: September 30, 2014
American Health Medicare (AHM) and Triple-S Salud will begin the October open enrollment period for Medicare Advantage (MA) with a line of products...
PR pitches ‘bridge’ to US for LatAm firms
Issued: September 30, 2014
Puerto Rico aims to be the “bridge” for companies in Latin America and Spain looking to enter the U.S. market, and that is the goal of a high-level...
Saks setting stage for PR opening
Issued: September 30, 2014
Hudson’s Bay Company (HBC) on Monday provided details on its plans to open a full-line Saks Fifth Avenue store in San Juan. The approximately 100,000...
Mi Salud talks ongoing as target passes
Issued: September 30, 2014
The Puerto Rico government is citing negotiating snags for missing a self-set deadline to name the companies that will manage its Mi Salud (Medicaid)...
PR economic index at 20-year low
Issued: September 30, 2014
A key gauge of Puerto Rico’s economy posted another drop in August, remaining in negative territory for a 22nd straight month and settling at its...
Seaborne, United launch interline accord
Issued: September 30, 2014
Puerto Rico-based Seaborne Airlines has launched a new interline agreement with United Airlines providing customers convenient connections between the...
Popular makes moves in top-level posts
Issued: September 30, 2014
Popular, Inc. announced Monday that its board of directors appointed Ignacio Alvarez as president and chief operating officer of Popular. In his role,...
AeroNet takes business to next level
Issued: September 30, 2014
In a world revolving around advanced technologies, mobile apps, streaming internet, portability and a diverse variety of new terms each day, it seems...
New life in Santurce amid PR decline
Issued: September 30, 2014
Laura Feliciano was scouting locations for a new restaurant in the Puerto Rican capital when she discovered she was priced out of the upscale...


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