Market differs with La Fortaleza’s take that skipping PFC payment ‘is not a default’

With Puerto Rico widely expected to miss a $57.9 million Public Finance Corp. (P ...

GDB’s Economic Activity Index for June records 0.4% year-over-year decline

In June 2015, the new Government Development Bank Economic Activity Index (GDB-E ...

Gov’t continues to seek short-term liquidity measures to operate past Oct.-Nov.

While a $400 million deal from three public corporations is expected to allow th ...

Energy coalition to team up with Fenosa

After more than two years, the Federal Energy Regulatory Committee (FERC) last w ...

Attorney McConnell passes away
Issued: July 30, 2015
Attorney Walter Glines McConnell, of the McConnell Valdés law firm, has pas ...

Nearly 8,000 fewer under jobless aid in Puerto Rico
Issued: July 30, 2015
Applications for jobless aid in the U.S. and Puerto Rico rose 12,000 to a s ...

Cash crunch hinders gov’t ability to meet debt-service payments next month
Issued: July 30, 2015
As the first month of the fiscal year comes to an end, the Puerto Rico gove ...

La Fortaleza: No default on PFC if gov’t misses $57.9M payment Aug. 1
Issued: July 30, 2015
While the Puerto Rico government is widely expected to miss a $57.9 million ...

AT&T AdWorks, DirecTV advertising sales combine to form single organization
Issued: July 30, 2015
AT&T announced Thursday that DirecTV Advertising Sales will now be a part of the AT&T AdWorks family.

Dominicans reject OAS offer to organize meeting with Haiti
Issued: July 30, 2015
WASHINGTON — The Dominican Republic on Wednesday rejected an offer by the Organization of American States to organize talks with Haiti on re ...

UN: Expect 11.2 billion population by the end of the century
Issued: July 30, 2015
UNITED NATIONS — Move over: The world's population is expected to reach 8.5 billion by 2030 and 9.7 billion in 2050, a new United Nation ...

Sen. Hatch to Lew: Advocating for bankruptcy protection not enough
Issued: July 30, 2015
On July 17, U.S. Senate Finance Committee Chairman Orrin Hatch (R.-Utah) asked U.S. Treasury Secretary Jacob Lew for the Obama administratio ...

Baxter announces 2Q results
Issued: July 30, 2015
Baxter International Inc. reported second quarter financial results that exceeded the company’s previously issued guidance.

NPP leaves discussions for 5-year fiscal & economic plan
Issued: July 30, 2015
Resident Commissioner and president of the New Progressive Party (NPP), Pedro Pierluisi, forewarned Gov. Alejandro García Padilla on Tuesday ...

Working group addresses gov’t restructuring, financial control board legislation
Issued: July 29, 2015
The Economic Recovery Working Group continues to work on multiple fronts as it aims to finalize a five-year fiscal stability & economic ...

First BanCorp. announces 2Q results
Issued: July 29, 2015
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Wednesday a net loss of $34.1 million for the second quarter of ...

U.S. Hispanic CofC announces initiative to invest in small enterprises
Issued: July 29, 2015
The United States Hispanic Chamber of Commerce (USHCC) announced Wednesday the launch of the USHCC-SBCC Capital Initiative, a new partnershi ...

Treasury Deputy Secretary García to join GDB
Issued: July 29, 2015
Puerto Rico Treasury Department Deputy Secretary Karolee García has stepped down from her current post, and will be joining the Government D ...

more Local news
US stocks eke out tiny gains after erasing an early loss
Issued: July 30, 2015
NEW YORK — Stocks ended the day mostly flat on Thursday, recovering from broad losses earlier in the day. Investors continue to focus on cor ...

Congress heads off on vacation, putting off messy decisions
Issued: July 30, 2015
WASHINGTON -- Congress is heading out for a five-week summer recess in anything but a cheerful vacation mood, leaving behind a pile of unfin ...

Congress passes 3-month highway, transit aid patch
Issued: July 30, 2015
WASHINGTON -- Congress sent President Barack Obama a three-month bill to keep highway and transit money flowing to states on Thursday, one d ...

Prosecutors ask justices to review insider trading case
Issued: July 30, 2015
WASHINGTON -- The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund por ...

Average US rate on 30-year mortgage falls to 3.98%
Issued: July 30, 2015
WASHINGTON -- Average long-term U.S. mortgage rates fell for a second straight week, with the key 30-year rate slipping below 4 percent.

US economy posts solid 2.3% growth rate in 2Q
Issued: July 30, 2015
WASHINGTON -- The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending an ...

Jon Stewart signing off 'Daily Show' fake newscast for real
Issued: July 30, 2015
NEW YORK -- After more than 16 years and nearly 2,600 telecasts, Jon Stewart can feel proud of his scads of Emmys and his Peabody Award, his ...

Applications for US jobless aid rise to still-low 267,000
Issued: July 30, 2015
WASHINGTON -- More people sought U.S. unemployment benefits last week, though the increase was from a very low level and the figures still p ...

Gov't finds health law co-ops awash in red ink
Issued: July 30, 2015
WASHINGTON -- Nonprofit co-ops, the health care law's public-spirited alternative to mega-insurers, are awash in red ink and many have f ...

US home rental prices climb again in June
Issued: July 30, 2015
WASHINGTON -- U.S. home rental prices climbed much faster than incomes in June. But there are signs of slowing momentum around New York, Los ...

Whole Foods: Sales hurt by bad publicity from overcharging
Issued: July 29, 2015
NEW YORK — Whole Foods is feeling pinched after New York City officials found it was overcharging customers.

FTC investigating online college University of Phoenix
Issued: July 29, 2015
WASHINGTON — The University of Phoenix, which runs an online college popular among military veterans, is under federal investigation for pos ...

House approves bill to make it easier to fire VA workers
Issued: July 29, 2015
WASHINGTON — The House on Wednesday approved a bill making it easier to fire or demote hundreds of thousands of employees at the Department ...

Facebook 2Q results soar as user base, mobile ads grow
Issued: July 29, 2015
NEW YORK — Facebook surpassed expectations on all fronts in the second quarter, growing not just profit and revenue but its already-massive ...

more National news
Greece's Tsipras prevails over rebels at party meeting
Issued: July 30, 2015
ATHENS, Greece — Greek Prime Minister Alexis Tsipras has defeated a bid by dissenters in his left-wing Syriza party to push for an end to ba ...

Wing part could help solve what happened to MH370
Issued: July 30, 2015
SAINT-ANDRE, Reunion -- A barnacle-encrusted wing part that washed up on a remote Indian Ocean island could help solve one of aviation's ...

Mexico ups dollar auction to $200 million to boost peso
Issued: July 30, 2015
MEXICO CITY -- Mexico's central bank said Thursday it will increase dollar auctions from $52 million to $200 million per day through the ...

IMF won't join Greek bailout before reforms, debt relief
Issued: July 30, 2015
WASHINGTON -- The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make diffi ...

AP Investigation: Filthy Rio water a threat at 2016 Olympics
Issued: July 30, 2015
RIO DE JANEIRO — The waters where Olympians will compete in swimming and boating events next summer in South America's first games are r ...

Fiat Chrysler raises outlook as Q2 profits jump 70%
Issued: July 30, 2015
MILAN — Fiat Chrysler Automobiles raised its revenue forecast after strong sales in North American and recovery in the European market boost ...

Shell to cut jobs to cope with long period of cheap oil
Issued: July 30, 2015
LONDON -- Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged perio ...

Toyota robot can pick up after people, help the sick
Issued: July 30, 2015
YOKOHAMA, Japan — Toyota's new robot that glides around like R2-D2 is devoted to a single task: picking things up.

Stock markets turn higher on earnings, ahead of US data
Issued: July 30, 2015
BEIJING — Most major global markets rose Thursday after the U.S. Federal Reserve left interest rates unchanged at a record low, corporate ea ...

Galaxy S6 fails to reverse profit decline at Samsung
Issued: July 30, 2015
SEOUL, South Korea -- Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declin ...

Samsung reports 8% drop in 2Q profit
Issued: July 29, 2015
SEOUL, South Korea — Samsung Electronics says its quarterly earnings fell 8 percent over a year earlier.

US official: Debris in photo belongs to Boeing 777
Issued: July 29, 2015
WASHINGTON — Air safety investigators have a "high degree of confidence" that a photo of aircraft debris found in the Indian Ocean ...

Uber cars bashed in Mexico, cabbies protest rideshare apps
Issued: July 29, 2015
MEXICO CITY — A raucous crowd attacked Uber drivers and their vehicles with clubs and stones outside the Mexico City airport, the company sa ...

France deploys riot police to bolster Calais security
Issued: July 29, 2015
CALAIS, France — France deployed more than 100 riot police to Calais on Wednesday to bolster security as hundreds of migrants have been tryi ...

more International news