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Moody’s, Fitch cut Prepa deeper into junk; point to restructuring legislation
Issued: June 26, 2014
Moody’s Investors Service and Fitch Ratings both downgraded the Puerto Rico Electric Power Authority deeper into “junk” territory on Thursday saying...
Mayaguez Resort & Casino for sale
Issued: June 26, 2014
The 144-room Mayaguez Resort & Casino is for sale. ...
PR Trade & Export Co. gets $90,000 SBA grant
Issued: June 26, 2014
The Puerto Rico Trade & Export Co. is in lie for more than $90,000 as part of U.S. Small Business Administration (SBA) grants totaling $2 million...
Pierluisi blasts debt restructuring bill
Issued: June 26, 2014
Resident Commissioner Pedro Pierluisi is leveling sharp criticism at legislation pushed by Gov. Alejandro García Padilla that will allow public...
Engineers as faces of PR ‘brain drain’
Issued: June 26, 2014
The economic crisis and the lack of good jobs in Puerto Rico is convincing thousands of college graduates with professional experience to leave for...
Industry rips cut in govt support for solar
Issued: June 26, 2014
Renewable energy proponents are criticizing the proposed fiscal 2015 general fund budget, which they say cuts incentives available to popular solar...
Fortaleza bill will allow PR public corporations to restructure debt
Issued: June 25, 2014
Gov. Alejandro García Padilla announced Wednesday the filing of legislation that would allow ailing public corporations to restructure debt through a...
UN decolonization panel: PR’s 2012 plebiscite rejected commonwealth
Issued: June 25, 2014
The United Nations Special Committee on Decolonization is again calling the United States to expedite a process that would allow Puerto Ricans to...
Unions stage walkout over austerity law
Issued: June 25, 2014
Unionized workers from the island government’s utilities and other public corporations were staging another work stoppage on Wednesday to protest a...
Budget clears Senate, goes to conference
Issued: June 24, 2014
Puerto Rico’s Senate has approved a $9.56 billion budget for fiscal 2015, $75 million less than the $9.64 billion spending package proposed by Gov....
Congress moves on Vieques, Culebra cleanups
Issued: June 24, 2014
The U.S. House of Representatives has approved the Fiscal Year 2015 Defense Appropriations Act, which includes robust funding for drug interdiction...
Reservoirs shrink in unusually dry June
Issued: June 24, 2014
A long dry spell has Puerto Rico on track to post its driest June on record as the island’s reservoirs continue to fall. ...
Puig knocked out of Wimbledon
Issued: June 24, 2014
Puerto Rican Monica Puig was knocked out of Wimbledon with a first-round loss in London on Tuesday. ...
Elizabeth Arden closing PR affiliate
Issued: June 24, 2014
Beauty products company Elizabeth Arden is closing its Puerto Rico affiliate as part of a broader restructuring and cost savings program. The move...
ASES issues new RFP for Mi Salud
Issued: June 24, 2014
The Health Insurance Administration (ASES by its Spanish acronym) has launched a new request for proposals for insurers seeking to provide services...
PR eyes public corporations options
Issued: June 24, 2014
Puerto Rican political leaders are apparently discussing draft legislation that would allow debt-ridden and cash-strapped public corporations to...


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