PR economic index falls again in June; 2.9% full-year drop for fiscal 2014

A key gauge of Puerto Rico’s economy closed fiscal 2014 with a 19th s ...

Moody’s: PR’s liquidity remains at risk

Downside risks to the “marginally sufficient” liquidity forecast of the commonwe ...

Tropical Storm Bertha headed to PR, could postpone water rationing plan

Tropical Storm Bertha approached the Caribbean on Friday as islands in the easte ...

Fed: PR should seek reforms — now

The Federal Reserve Bank of New York issued a report on Puerto Rico on Thursday ...

Prepa gets break from bankers amid debt negotiations with bondholders
Issued: August 1, 2014
The Puerto Rico Electric Power Authority said Thursday it is in debt talks ...

Pierluisi files bill to include PR in Chapter 9 of US Bankruptcy Code
Issued: August 1, 2014
Resident Commissioner Pedro Pierluisi introduced legislation in Congress on ...

PR manufacturing index plunges in June
Issued: August 1, 2014
Puerto Rico’s vital manufacturing industry plunged to its lowest level in m ...

S&P affirms PR’s GO rating, slashes Prepa on nonpayment concerns
Issued: August 1, 2014
Standard & Poor’s Ratings Services on Thursday affirmed its rating on P ...

$1.5M for mental health centers in PR
Issued: August 1, 2014
Puerto Rico facilities are in line for a combined $1.5 million in federal funding for mental health centers around the island.

Obama names Aponte to top US post at Organization of American States
Issued: August 1, 2014
President Barack Obama has named Puerto Rican diplomat Mari Carmen Aponte as the U.S. government’s representative to the Organization of Ame ...

Tropical storm warning for PR, USVI
Issued: August 1, 2014
Tropical storm warnings have been issued for Puerto Rico, the U.S. and British Virgin Islands and other nearby islands as Tropical Storm Ber ...

Big fire contained at Bacardi distillery
Issued: July 31, 2014
Firefighters were able to contain a large blaze at the Bacardi rum distillery in Puerto Rico on Thursday.

New business rep joins Prepa board
Issued: July 31, 2014
Consumer Affairs Secretary Nery E. Adames Soto announced Thursday the selection of Enid Monge de Pastrana as the representative of commercia ...

PR education firm Dreyfous expanding; $3 million investment; 66 new jobs
Issued: July 31, 2014
Dreyfous & Associates, a Puerto Rico-based company dedicated to the creation, development and implementation of educational materials, a ...

Online entrepreneur plans move to PR
Issued: July 31, 2014
The founder of an online insurance comparison service has gone public with plans to move to Puerto Rico.

Water rationing to start in SJ area
Issued: July 31, 2014
Puerto Rico’s government will impose strict water rationing for parts of the island’s capital and surrounding areas next week if a tropical ...

NWS: Tropical wave bringing rains to PR
Issued: July 31, 2014
A tropical wave in the open Atlantic has a good chance of developing further in the coming days and is expected to bring much-needed rains t ...

Report: Doral aims to sell itself in pieces
Issued: July 30, 2014
Doral Financial Corp. is moving to sell itself off in parts, according to a Bloomberg News report.

more Local news
Obama says after 9-11, US 'tortured some folks'
Issued: August 1, 2014
WASHINGTON — The United States tortured al Qaida detainees captured after the 9/11 attacks, President Obama said Friday, in some of his most ...

US manufacturing expands again in July
Issued: August 1, 2014
WASHINGTON — US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.

Scientific Games strikes $3.3B deal to buy Bally
Issued: August 1, 2014
NEW YORK — Scientific Games plans to pay about $3.3 billion to buy Bally Technologies in a deal that would combine makers of gambling equipm ...

Colorado to begin offering licenses for immigrants
Issued: August 1, 2014
DENVER — Thousands of immigrants have signed up to take advantage of a Colorado law that allows them to get drivers' licenses and identi ...

US employers add 209K jobs, rate rises to 6.2%
Issued: August 1, 2014
WASHINGTON — U.S. employers extended this year's hiring surge into July by adding a solid 209,000 jobs. It was the sixth straight month ...

In San Francisco real estate, $1M won't buy much
Issued: July 31, 2014
SAN FRANCISCO — San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and thi ...

Congress races to finish veterans, highway bills
Issued: July 31, 2014
WASHINGTON — Rushing toward the exits, Congress on Thursday scrambled to wrap up legislation addressing the problem-plagued Veterans Affairs ...

As US job market strengthens, many don't feel it
Issued: July 31, 2014
WASHINGTON — The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report ...

US jobless aid applications rise to 302,000
Issued: July 31, 2014
WASHINGTON — More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels.

Target names Pepsi's Cornell as chairman, CEO
Issued: July 31, 2014
MINNEAPOLIS — Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers ...

As US economy accelerates, Fed remains cautious
Issued: July 31, 2014
WASHINGTON — After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year.

US judge slaps $1.3B fine on Bank of America
Issued: July 30, 2014
NEW YORK — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages ...

Fed offers no clearer hint on first rate increase
Issued: July 30, 2014
WASHINGTON — The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less he ...

Obama to GOP: 'Stop just hating all the time'
Issued: July 30, 2014
KANSAS CITY, Mo. — Pointing the finger at Republicans for congressional inaction, President Barack Obama chided lawmakers Wednesday for spen ...

more National news
Moody's upgrades Greece's credit rating
Issued: August 1, 2014
ATHENS, Greece — Moody's ratings agency has upgraded Greece's government bond rating , predicting a gradual decline of the national ...

Uruguayan pot marketplace may go up in smoke
Issued: August 1, 2014
MONTEVIDEO, Uruguay — Uruguay's plan to create the world's first national, government-regulated marketplace for legal pot may be goi ...

Global trade deal goes back to drawing board
Issued: August 1, 2014
GENEVA — The World Trade Organization began regrouping Friday to see whether it is still possible to finalize a major deal to boost global t ...

35 killed, soldier missing as Gaza truce unravels
Issued: August 1, 2014
GAZA CITY, Gaza Strip — A Gaza cease-fire quickly unraveled Friday as violence erupted in and around the southern town of Rafah, with 35 Pal ...

Default fuels uncertainty, stock drop in Argentina
Issued: July 31, 2014
BUENOS AIRES, Argentina — Stocks fell sharply in Argentina on Thursday as the country entered into economic uncertainty with its second defa ...

US, UN announce deal on 72-hour Gaza cease-fire
Issued: July 31, 2014
JERUSALEM — Israel and Hamas have agreed to a 72-hour humanitarian cease-fire beginning Friday, during which time there will be negotiations ...

Dow plunges as multiple worries vex investors
Issued: July 31, 2014
NEW YORK — For stock investors, the red flags were everywhere on Thursday.

Top UN aid official urges daily 'pauses' in Gaza
Issued: July 31, 2014
UNITED NATIONS — The U.N. humanitarian chief is calling for daily "humanitarian pauses" in Gaza until a long-term cease-fire is re ...

Russia tensions hurting European companies
Issued: July 31, 2014
BERLIN — Russia's standoff with the West is hurting European companies, from heavy industry to sports goods makers, even before the late ...

Eurozone inflation down again but ECB seen on hold
Issued: July 31, 2014
BRUSSELS — The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, in a worrying sign that adds p ...

Argentina slides into default as debt talks fail
Issued: July 31, 2014
NEW YORK — The collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what ...

Ratings agency: Argentina in 'selective default'
Issued: July 30, 2014
NEW YORK — Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of do ...

Argentines shrug off risk of default
Issued: July 30, 2014
BUENOS AIRES, Argentina — In 2001, it was ground zero for Argentina's financial earthquake. A neo-colonial architectural gem built long ...

Shelling of UN school kills 15 as Gaza war rages
Issued: July 30, 2014
JEBALIYA REFUGEE CAMP, Gaza Strip — Israeli tank shells slammed into a crowded U.N. school sheltering Gazans displaced by fighting on Wednes ...

more International news