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House to begin adopting tax reform recommendations
Issued: March 15, 2015
House Treasury and Budget Committee President Rafael 'Tatito' Hernández said the chamber will begin Monday making adjustments to the tax...
Oil is on its way down again; will gasoline prices follow?
Issued: March 15, 2015
NEW YORK — The price of oil is on yet another ride down as swelling global supplies overwhelm rising but still relatively weak demand. ...
GDB chief goes to bat for tax reform
Issued: March 15, 2015
Government Development Bank President Melba Acosta has gone to bat for the tax reform during a hearing at the Senate Finance Committee, calling it the...
Going full circle for math and pastries on a special Pi Day
Issued: March 14, 2015
Saturday is the day when love of math and a hankering for pastry come full circle. Saturday is Pi Day, a once-in-a-year calendar date that this time...
Senior US diplomat to return to Cuba for more negotiations
Issued: March 13, 2015
HAVANA — Washington's senior envoy for Latin America is returning to Cuba this weekend for further talks on restoring diplomatic ties. ...
First BanCorp revises earnings
Issued: March 13, 2015
First BanCorp, the bank holding company for FirstBank Puerto Rico, announced the reversal of a significant portion of the valuation allowance recorded...
Spain, Puerto Rico coordinate investment efforts
Issued: March 13, 2015
The Spanish Institute for Foreign Trade (ICEX by its Spanish acronym) is coordinating with Puerto Rico to conduct its first investment mission seeking...
Moody's downgrades University of Puerto Rico
Issued: March 13, 2015
Moody's Investors Service said it downgraded $489 million of University of Puerto Rico University system revenue bonds to Caa2 from Caa1 and $73...
Horizon confirms Ayala Colón deal for port facilities
Issued: March 13, 2015
Horizon Lines announced Wednesday it sold the lease to and equipment at the San Juan port to Luis A. Ayala Colón Sucrs., the second-largest...
Google's safe browsing system targets 'unwanted software'
Issued: March 12, 2015
SAN FRANCISCO — Get ready to see more red warning signs online as Google adds ammunition to its technological artillery for targeting devious schemes...
Website sheds light on political campaign contributions
Issued: March 12, 2015
Abre Puerto Rico, a nonprofit organization financed by private grants, and the Puerto Rico Electoral Comptroller’s Office (OEC by its Spanish acronym)...
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...


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