House approves 11.5% tax bill

After much debate and opposition, the House of Representatives approved Thursday ...

Moody's downgrades GDB notes, GOs; $54.8B of debt affected

Moody's Investors Service has downgraded the Government Development Bank for ...

Puerto Rico gov't files $9.8B budget with $674M in spending cuts

The Puerto Rico government submitted to the Legislature a $9.8 billion budget pr ...

FSOC releases annual report; Puerto Rico a concern for municipal debt market

The U.S. Financial Stability Oversight Council (FSOC) released its 2015 annual r ...

House applies sales tax to all food items
Issued: May 21, 2015
The economic impact for the food industry of the tax bill approved Thursday ...

UBS found liable for Puerto Rico branch practices
Issued: May 21, 2015
On May 14, a Financial Industry Regulatory Authority (Finra) arbitration pa ...

The latest things to know about the Takata air bag recall
Issued: May 21, 2015
Out of concern for the safety of drivers, the U.S. government may step in t ...

5 indicted for bid-rigging, fraud conspiracies at school bus auction
Issued: May 21, 2015
WASHINGTON—A federal grand jury in San Juan returned an indictment against ...

STR: 374 hotel rooms in pipeline for Puerto Rico
Issued: May 21, 2015
Puerto Rico currently accounts for 374 out of 29,846 rooms in the Caribbean/Mexico hotel development pipeline, according to the April 2015 S ...

GDB’s Acosta: Puerto Rico isn’t looking for an escape hatch
Issued: May 21, 2015
In a letter published Tuesday by the Wall Street Journal, Government Development Bank (GDB) President Melba Acosta argued that Puerto Rico’s ...

More than 1,500 financial exploitation claims reported during fiscal 2014
Issued: May 21, 2015
The Protection and Defense division of the Elderly Advocate's Office (OPPEA by its Spanish acronym) announced Thursday that 1,536 financ ...

Madonna reschedules Puerto Rico concert dates
Issued: May 21, 2015
The list of Madonna concert dates for her 35-city 'Rebel Heart' Tour has changed.

US, Cuba push to finalize talks on re-establishing embassies
Issued: May 21, 2015
American and Cuban officials are trying to complete talks to re-establish embassies in each other's capitals after a half-century interr ...

Popular to buy Doral Insurance for $17.3 million
Issued: May 21, 2015
Doral Insurance Agency, a wholly owned subsidiary of Doral Financial Corp., sold its insurance policy portfolio to Anglo-Puerto Rican Insura ...

Microsoft celebrates 25 years in Puerto Rico
Issued: May 21, 2015
Developments such as bridging the digital divide, the development of laptops, the adoption of the Internet and using productivity services l ...

Study finds 11,500 nonprofits in Puerto Rico
Issued: May 21, 2015
A study of nonprofit organizations by Red de Fundaciones identified 11,570 entities that provide services annually to more than 700,000 peop ...

Island seals its pitch at Puerto Rico Investment Summit
Issued: May 20, 2015
The latest edition of the Puerto Rico Investment Summit, which ended Tuesday at the Condado Vanderbilt Hotel in San Juan, focused on attract ...

ITC rejects Commerce Department recommendation to impose duties on imports
Issued: May 20, 2015
Last month, after an investigation, the U.S. Department of Commerce recommended to the International Trade Commission (ITC) that it impose c ...

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Obama's trade bill narrowly clears a key Senate hurdle
Issued: May 21, 2015
WASHINGTON — In a triumph for President Barack Obama, sweeping legislation to strengthen the administration's hand in global trade talks ...

GOP senators advance bill to ease rules on smaller banks
Issued: May 21, 2015
WASHINGTON — Republican senators advanced legislation Thursday that would ease rules on smaller banks and other requirements of the landmark ...

Hewlett-Packard sells stake in Chinese unit for $2.3B
Issued: May 21, 2015
NEW YORK — Hewlett-Packard is selling a controlling stake in its China server and storage unit, a move that comes as the Chinese government, ...

US stocks notch record as rising oil boosts energy sector
Issued: May 21, 2015
NEW YORK — The stock market eked out another record close on Thursday as rising oil prices boosted energy stocks.

IRS refunds $10M to tax preparers who paid to take test
Issued: May 21, 2015
WASHINGTON — The IRS is refunding a total of $10 million to thousands of tax preparers who paid to take a competency test, the agency announ ...

Feds seek to manage Takata air bag recall, speed up repairs
Issued: May 21, 2015
DETROIT — Exploding air bags made by Takata Corp. are so dangerous that U.S. safety regulators want to manage a massive recall so cars can b ...

Gauge of US economy jumps 0.7 percent in April
Issued: May 21, 2015
WASHINGTON — An index designed to predict the future health of the economy rose in April by the largest amount in nine months, a sign that t ...

US home sales slide in April due to few properties on market
Issued: May 21, 2015
WASHINGTON — Sales of existing U.S. homes slipped in April due to relatively few listings and rising prices, a trend that could weigh on the ...

Applications for US jobless aid up, but from very low level
Issued: May 21, 2015
WASHINGTON — More Americans sought unemployment aid last week, though the number of applications remains at a historically low level that is ...

Renters appear more satisfied in many pricey US cities
Issued: May 21, 2015
WASHINGTON — High rents are worth it.

David Letterman leaves late night with thanks and a smile
Issued: May 21, 2015
NEW YORK — There are those who will argue that the world of television hasn't suffered such a loss in nearly a generation, and they' ...

California water cuts move to those with century-old rights
Issued: May 21, 2015

SACRAMENTO, Calif. — California farmers ...

Next stop Earth: SpaceX cargo capsule departs space station
Issued: May 21, 2015
CAPE CANAVERAL, Fla. — A SpaceX Dragon capsule has left the space station for return to Earth.

Domestic surveillance fate unclear after lengthy Senate talk
Issued: May 21, 2015
WASHINGTON — The fate of the government's bulk collection of Americans' phone records is unclear following an FBI warning, House-Sen ...

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Asia stock markets mostly higher, China at 7-year high
Issued: May 22, 2015
HONG KONG — Most Asian stock indexes rose Friday, with China's benchmark at its highest in seven years, after Wall Street eked out anoth ...

Merkel, Hollande and Tsipras talk about Greek bailout woes
Issued: May 21, 2015
RIGA, Latvia — French President Francois Hollande said he will huddle with his German and Greek counterparts Thursday to pave the way for a ...

Ex-Haiti prime minister submits papers to run for president
Issued: May 21, 2015
PORT-AU-PRINCE, Haiti — Former Prime Minister Laurent Lamothe submitted papers to run for president shortly before the election office's ...

ECB committed to see stimulus program through, account shows
Issued: May 21, 2015
FRANKFURT, Germany — Accounts of the European Central Bank's last meeting show it is committed to completing its 1.1 trillion-euro ($1.2 ...

Islamic State in control of Palmyra ruins, activists say
Issued: May 21, 2015
DAMASCUS, Syria — Islamic State militants overran the famed archaeological site at Palmyra early on Thursday, just hours after seizing the c ...

Rights group: Qatar making little progress on labor reforms
Issued: May 21, 2015
DUBAI, United Arab Emirates — Qatar is failing to deliver on reforms for its migrant workers a year after the wealthy Gulf nation announced ...

Failed launches cast shadow over Russian space program
Issued: May 21, 2015
MOSCOW — Back-to-back rocket launch failures have dealt Russia one of the heaviest blows to its space industry since the Soviet collapse — w ...

Eurozone employers hiring at fastest rate in 4 years
Issued: May 21, 2015
LONDON — The sharp fall in the euro over the past year appears to be paying dividends by helping the eurozone deal with one of its major eco ...

Rising inequality holding back economic growth, report warns
Issued: May 21, 2015
PARIS — The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric ...

World stocks uneven after Chinese, eurozone data
Issued: May 21, 2015
TOKYO — World stock markets were lackluster Thursday after China's economy showed new signs of weakness and the eurozone saw an uptick i ...

Cannes film pays homage to late designer Oscar de la Renta
Issued: May 21, 2015
CANNES, France — The spirit of Oscar de la Renta lives on every day at the Cannes Film Festival.

Exxon Mobil says oil discovery off Guyana is 'significant'
Issued: May 20, 2015
GEORGETOWN, Guyana — Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a "significant" oil discovery off Guyana ...

Yemeni rebel leader says they back UN peace talks in Geneva
Issued: May 20, 2015
SANAA, Yemen — The United Nations set the date for peace talks on Yemen for next week in Geneva, while the Saudi-led coalition on Wednesday ...

Bin Laden papers include loving notes, terrorist application
Issued: May 20, 2015
WASHINGTON — During his years in hiding, Osama bin Laden urged followers to concentrate on attacking Americans and wrote bittersweet letters ...

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