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Dow AgroSciences expands operations in Puerto Rico
Issued: February 12, 2015
Mycogen Seeds – Puerto Rico Corp., a wholly owned subsidiary of the Dow Chemical Co. and an affiliated company of Dow AgroSciences, opened its new...
Bacardi Ltd. names Constantino Spas as managing director – Latin America & Caribbean
Issued: February 12, 2015
HAMILTON, Bermuda--Bacardi Limited, the largest privately held spirits company in the world, Thursday announced the appointment of Constantino Spas,...
US average rate on 30-year home loan 3.69 percent; PR slightly higher
Issued: February 12, 2015
Average U.S.and Puerto Rico long-term mortgage rates rose this week yet remained near historically low levels. ...
Costco to ditch AmEx cards at P.R./U.S. mainland stores next year
Issued: February 12, 2015
Warehouse club retailer Costco Wholesale Corp will stop accepting American Express Co's credit cards at U.S. stores from next year, threatening...
Puerto Rico prepares to debate value-added tax proposal
Issued: February 12, 2015
Puerto Rico legislators prepared to hold public hearings on a proposed 16 percent value-added tax after the governor filed a measure Wednesday that...
NPP leaders call for united front against IVA proposal
Issued: February 12, 2015
Ricky Rosselló, widely expected to aim to become the New Progressive Party (NPP) candidate for governor of Puerto Rico, called for a united front to...
Puerto Rico, Prepa credit risk unchanged by judge's ruling on debt-restructuring law
Issued: February 12, 2015
Last week’s federal court rejection of a local public corporation bankruptcy law doesn’t change the credit risks of the commonwealth government or the...
Fitch: Execution risk the near term concern for Puerto Rico; court ruling less significant
Issued: February 12, 2015
Fitch Ratings said Wednesday it believes that there are significant challenges ahead for Puerto Rico as it tries to maintain a credit...
Pierluisi reintroduces bill to include Puerto Rico in Chapter 9 of U.S. Bankruptcy Code
Issued: February 12, 2015
Resident Commissioner Pedro Pierluisi reintroduced on Wednesday legislation that would empower the government of Puerto Rico to authorize one or more...
S&P’s Prepa, Prasa ratings unaffected by Recovery Act ruling
Issued: February 11, 2015
Standard & Poor's Ratings Services said Tuesday that the ruling by U.S. District Court Judge Francisco A. Besosa, which found that the federal...
P.R. government files bill for another tax amnesty
Issued: February 11, 2015
Without much fanfare—perhaps because La Fortaleza and other government officials have been working night and day to finalize a sweeping tax reform...
SBA loans in Puerto Rico, USVI up 66% in 1st quarter of fiscal 2015
Issued: February 11, 2015
The U.S. Small Business Administration approved 165 loans for $26.9 million in Puerto Rico and the Virgin Islands during the first three months of...
Caribbean reports record number of tourists, spending in '14
Issued: February 11, 2015
A record 26.3 million people traveled to the Caribbean last year and spent an unprecedented amount of money in what is considered the world's most...
Flipboard magazines not just for mobile anymore
Issued: February 11, 2015
Smartphones and tablets have been pushing the personal computer aside, thanks in part to popular apps made by mobile-first entrepreneurs like...
Governor to file tax reform legislation
Issued: February 11, 2015
Puerto Rico Gov. Alejandro García Padilla accentuated the positive of his proposed tax reform in a Tuesday night address, saying that 850,000 Puerto...
Puerto Rico bond yields reach record high
Issued: February 10, 2015
Yields on Puerto Rico’s general obligation (GO) bonds reached record highs following a court ruling that threw out a local debt-restructuring law,...
Home Depot needs 80,000 new orange aprons
Issued: February 10, 2015
Home Depot, the nation's largest home-improvement retailer, says it is hiring more than 80,000 seasonal workers in all its facilities, including...
Reuters: Recording shows how UBS drove reluctant brokers to sell high-risk Puerto Rico funds
Issued: February 10, 2015
Former UBS Financial Services Inc. Chairman Miguel Ferrer angrily told brokers who had expressed concerns about the risks of the firm’s investment...
Delta tops on-time rankings, American's Envoy Air is last
Issued: February 10, 2015
Here are the government's rankings of the leading airlines and their on-time performance for December. Some airlines, including Spirit and...
Radio Shack to close 45 of 56 stores in Puerto Rico
Issued: February 10, 2015
RadioShack's plans to close about half of its stores in the next six weeks will impact nearly every state including 45 of the 56 stores it has in...
$450 million Powerball jackpot is 5th largest in US history
Issued: February 10, 2015
The Powerball jackpot has climbed to $450 million, making Wednesday night's drawing on the mainland and in Puerto Rico the fifth-largest prize in...
EB-5 visa program forum for investors, entrepreneurs to be held Feb. 13
Issued: February 10, 2015
The Economic Development & Commerce Department (DDEC) and the Puerto Rico EB-5 Regional Center Corporation in conjunction with the Federal Reserve...
Robots replacing human factory workers at faster pace
Issued: February 10, 2015
WASHINGTON — Cheaper, better robots will replace human workers in the world's factories at a faster pace over the next decade, pushing...
Samsung reveals potential for smart TVs to eavesdrop
Issued: February 10, 2015
SEOUL, South Korea — Watch what you say in your living room. Samsung's smart TV could be listening. And sharing. ...
Let hackers in: Experts say traps might be better than walls
Issued: February 10, 2015
SEOUL, South Korea — Ever since the Internet blossomed in the 1990s, cybersecurity was built on the idea that computers could be protected by a...


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