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Puerto Rico Trench included in global tsunami risk study
Issued: March 12, 2015
A global tsunami risk study that identifies more than 20 subduction zones worldwide capable of generating a giant earthquake and tsunami—similar in...
Average US rate on 30-year mortgage rises to 3.86 percent
Issued: March 12, 2015
WASHINGTON — Average long-term U.S. mortgage rates rose this week yet remained near historic lows reached in May 2013. ...
Fourth- and eighth-grade students in Puerto Rico fall short in math
Issued: March 12, 2015
Many of Puerto Rico's fourth- and eighth-grade public school students are falling short in mathematics achievement, according to The Nation's...
WAPA-TV announces financial results
Issued: March 12, 2015
Hemisphere Media Group Inc., the publicly traded Hispanic TV/cable network in the U.S. that co-owns Puerto Rico-based WAPA TV, announced Wednesday its...
San Juan Beach Hotel declares bankruptcy
Issued: March 12, 2015
The San Juan Beach Hotel has filed for Chapter 11 bankruptcy declaring debts of close to $33 million. ...
Doral Financial files for bankruptcy protection
Issued: March 12, 2015
Doral Financial Corp. has filed for chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. It intends to wind down its...
PetSmart goes private as $8.7B sale closes
Issued: March 12, 2015
NEW YORK — PetSmart, which has 11 stores in Puerto Rico, said Wednesday that it has been taken private, as a group of investors led by the buyout firm...
Credit bureaus, government agencies endorse identity-theft measure
Issued: March 11, 2015
At a public hearing, Puerto Rico government agencies, financial industry entities and credit bureaus endorsed a Senate bill that would allow a...
Jazz musician Marsalis/Lincoln Center Orchestra cancel Venezuela show amid tensions
Issued: March 11, 2015
American jazz trumpeter Wynton Marsalis who performed in San Juan last weekend at a private school fund raiser,  is scratching a concert in...
Toyota recalls cars, SUVs for steering, software issues
Issued: March 11, 2015
DETROIT — Toyota is recalling 112,500 cars and SUVs to fix problems with electric power steering controls and electric vehicle software. ...
Puerto Rico, Punta Cana on list of how to save on travel to top spring break destinations
Issued: March 11, 2015
To help vacationers save money on their spring break travels, personal finance site GOBankingRates asked experts for tips on how to afford a trip to...
Claim filed for losses in Puerto Rico bonds, UBS closed-end funds
Issued: March 11, 2015
Securities arbitration law firm Klayman & Toskes P.A. and the Carlo Law Offices P.S.C. in Puerto Rico has filed a claim with the Financial...
Fill your tanks Saturday as gas to cost more starting Sunday!
Issued: March 11, 2015
The Puerto Rico House of Representatives passed a third amendment to the petroleum-products tax law known as “la crudita.”  Tuesday...
Tourism industry calls for reduced VAT rates
Issued: March 11, 2015
Citing reduced tax rates for the tourism sector in various countries in which the value-added tax (VAT) has been implemented, industry representatives...
Ciudadela begins construction of its third phase
Issued: March 11, 2015
With a $108 million investment, Nicholas Prouty, managing partner and CEO of Putnam Bridge, announced the beginning of construction of Ciudadela’s...
Puerto Rico prosecutor joins NY herbal supplement inquiry
Issued: March 10, 2015
ALBANY, N.Y. — Prosecutors from Connecticut, Indiana and Puerto Rico have joined New York's attorney general in an investigation of the herbal...
Total to spend $1.6 million to improve gas station leak detection
Issued: March 10, 2015
A settlement announced Monday between the U.S. and Total Petroleum Puerto Rico Corp. resolves Resource Conservation Recovery Act (RCRA) violations...
Infosys opens new center in Puerto Rico
Issued: March 10, 2015
Infosys BPO, the business process outsourcing subsidiary of Infosys, has chosen a 12,000-square foot site in Aguadilla, an aviation hub, to run its...
Radiant Logistics strengthens Airgroup network with new facility in San Juan
Issued: March 10, 2015
US based freight forwarder Radiant Logistics has announced expansion of its Airgroup network with launch of a new facility in San Juan. ...
Governor: Tax burden carried by poor, middle class
Issued: March 9, 2015
Gov. Alejandro García Padilla appeared Monday in a 25-minute prerecorded broadcast on Puerto Rico TV channels to reiterate details of his...
No fatalities as small plane crashes into Condado Lagoon
Issued: March 9, 2015
A small plane crashed Monday into a lagoon in the heart of Puerto Rico's capital, and the pilot and passenger survived without any apparent...
Senate approves creation of white-collar crime unit
Issued: March 9, 2015
The Puerto Rico Senate passed a bill that creates a special unit on tax matters and financial crimes. ...
Homeland Security bill includes Pierluisi provision
Issued: March 9, 2015
Washington, D.C. — A Department of Homeland Security (DHS) funding bill for fiscal year 2015 contains a provision included at the initiative of...
Walmart taps Puerto Rican as head of India operations real estate, business development
Issued: March 9, 2015
Walmart India appointed Javier Rojo, a Puerto Rican, as head of its Real Estate and Business Development. With this appointment, he will also be...
Taxis strike Monday to protest VAT
Issued: March 9, 2015
Members of the Puerto Rico Federation of Taxis walked off the job Monday at 9 a.m. to protest “the threat of the value-added tax (VAT, or IVA by its...


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