Doral provides update on capital plan as pressure from FDIC mounts

Doral said late Wednesday it is updating its capital plan and contingency plan t ...

Vanderbilt moving to fill 300 new jobs

The Condado Vanderbilt is opening some 300 jobs as it prepares for a full-scale ...

PR to place TRANs privately; faces steep rates for short-term debt deal

Puerto Rico’s pending $900 million tax revenue anticipation notes (TRANS) sale w ...

Army Corps, EPA say more needed to give green light to LNG terminal in PR

The U.S. Army Corps of Engineers and Environmental Protection Agency say they ne ...

PR’s first lady takes on child obesity
Issued: October 1, 2014
Puerto Rico first lady Wilma Pastrana has endorsed a Pan American Health Or ...

IVU collections hit September high mark
Issued: October 1, 2014
Sales & use tax (IVU) collections for September hit a record high for t ...

FDIC pushes Doral for plans, warns bank ‘significantly undercapitalized’
Issued: October 1, 2014
The Federal Deposit Insurance Corporation (FDIC) is pushing the “significan ...

PR banks assets, deposits drop in 2Q
Issued: October 1, 2014
Total assets at Puerto Rico’s commercial banks slid by $1.17 billion (3.4 p ...

Catholic priest in PR eyed for abuse
Issued: September 30, 2014
A Roman Catholic priest in a small town in the western region of Puerto Rico is being investigated for improper conduct with a minor and has ...

Triple-S consolidates MA offerings
Issued: September 30, 2014
American Health Medicare (AHM) and Triple-S Salud will begin the October open enrollment period for Medicare Advantage (MA) with a line of p ...

PR pitches ‘bridge’ to US for LatAm firms
Issued: September 30, 2014
Puerto Rico aims to be the “bridge” for companies in Latin America and Spain looking to enter the U.S. market, and that is the goal of a hig ...

Saks setting stage for PR opening
Issued: September 30, 2014
Hudson’s Bay Company (HBC) on Monday provided details on its plans to open a full-line Saks Fifth Avenue store in San Juan. The approximatel ...

Mi Salud talks ongoing as target passes
Issued: September 30, 2014
The Puerto Rico government is citing negotiating snags for missing a self-set deadline to name the companies that will manage its Mi Salud ( ...

PR economic index at 20-year low
Issued: September 30, 2014
A key gauge of Puerto Rico’s economy posted another drop in August, remaining in negative territory for a 22nd straight month and settling a ...

Seaborne, United launch interline accord
Issued: September 30, 2014
Puerto Rico-based Seaborne Airlines has launched a new interline agreement with United Airlines providing customers convenient connections b ...

Popular makes moves in top-level posts
Issued: September 30, 2014
Popular, Inc. announced Monday that its board of directors appointed Ignacio Alvarez as president and chief operating officer of Popular. In ...

AeroNet takes business to next level
Issued: September 30, 2014
In a world revolving around advanced technologies, mobile apps, streaming internet, portability and a diverse variety of new terms each day, ...

New life in Santurce amid PR decline
Issued: September 30, 2014
Laura Feliciano was scouting locations for a new restaurant in the Puerto Rican capital when she discovered she was priced out of the upscal ...

more Local news
Secret Service chief quits due to security lapses
Issued: October 1, 2014
WASHINGTON — Secret Service Director Julia Pierson resigned Wednesday in the face of multiple revelations about bumbling in her agency and r ...

US stocks drop sharply; Airlines sink
Issued: October 1, 2014
NEW YORK — The stock market sank Wednesday, with the Dow Jones industrial average falling 250 points, on disappointing economic news and a s ...

Obama: New leadership was needed at Secret Service
Issued: October 1, 2014
WASHINGTON — The White House says President Barack Obama believes it was in the best interest of the Secret Service for Director Julia Piers ...

Former eBay exec sentenced for insider trading
Issued: October 1, 2014
PHILADELPHIA — A former eBay executive has been sentenced to 15 months in prison for his role in insider trading.

A decade after welcoming wind, states reconsider
Issued: October 1, 2014
CALUMET, Okla. — A decade ago, states offered wind-energy developers an open-armed embrace, envisioning a bright future for an industry that ...

Revel buyers plan to re-open it as a casino
Issued: October 1, 2014
ATLANTIC CITY, N.J. — A Canadian asset management company that won a bankruptcy court auction for the failed Revel casino hotel in Atlantic ...

US companies add jobs at healthy clip in September
Issued: October 1, 2014
WASHINGTON — U.S. businesses continued hiring at a solid pace in September, according to a private survey. The result marks the the sixth st ...

Government confirms first case of Ebola in US
Issued: September 30, 2014
DALLAS — Federal health officials on Tuesday confirmed the first case of Ebola diagnosed in the U.S., a patient who recently traveled from L ...

Shares of companies testing Ebola vaccines rise
Issued: September 30, 2014
NEW YORK — Shares of some companies that are studying potential vaccines for Ebola climbed after federal officials announced that the first ...

Drug, device firms pay billions to providers
Issued: September 30, 2014
WASHINGTON — From research grants to travel junkets, drug and medical device companies paid doctors and leading hospitals billions of dollar ...

Report: Obama rode elevator with armed man
Issued: September 30, 2014
WASHINGTON — Published reports say President Barack Obama rode an elevator this month with an armed security contractor who had three crimin ...

Weather service storm forecasts get more localized
Issued: September 30, 2014
WASHINGTON — The next time some nasty storms are heading your way, the National Weather Service says it will have a better forecast of just ...

Study: US gambling industry worth $240B, 1.7M jobs
Issued: September 30, 2014
LAS VEGAS — U.S. casinos and the makers of the games found inside had a $240 billion economic impact and employed 1.7 million people in 2013 ...

School spending by affluent is widening wealth gap
Issued: September 30, 2014
WASHINGTON — Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they’ll coun ...

more National news
Cuba says it's likely to increase money supply
Issued: October 1, 2014
HAVANA — The planned elimination of Cuba's unusual dual-currency system will likely mean printing more of the single currency that remai ...

US, China air differences over Hong Kong protests
Issued: October 1, 2014
WASHINGTON — The top U.S. and Chinese diplomats publicly aired differences Wednesday over the protests in Hong Kong, where students want dem ...

US sharply criticizes new Israeli construction
Issued: October 1, 2014
WASHINGTON — The White House says that if Israel were to move forward with a controversial housing development in east Jerusalem, it would d ...

Cuba announces details of currency unification
Issued: October 1, 2014
HAVANA — Cuba's central bank chief is giving new details about the elimination of a special currency, saying that the shift will require ...

Norway government rejects 2022 Winter Olympics
Issued: October 1, 2014
OSLO, Norway — Oslo said it has dropped its bid for the 2022 Winter Olympics after the Norwegian government declined Wednesday to provide fi ...

Palestinians: Israeli occupation must end in 2016
Issued: October 1, 2014
UNITED NATIONS — The Palestinians are asking the U.N. Security Council to set a deadline of November 2016 for an Israeli withdrawal from all ...

Pot decriminalization bill drafted in Jamaica
Issued: September 30, 2014
KINGSTON, Jamaica — Jamaica's justice minister says legislation has been drafted to decriminalize marijuana on the Caribbean island wher ...

Index ranks Norway tops for well-being of elderly
Issued: September 30, 2014
NEW YORK — A global index reflecting economic security, health and other factors — and not deducting for cold winters — ranks Norway and Swe ...

Afghanistan, US sign long-awaited security pact
Issued: September 30, 2014
KABUL, Afghanistan — Afghanistan and the United States signed a security pact on Tuesday to allow U.S. forces to remain in the country past ...

Spain's Catalonia halts independence vote campaign
Issued: September 30, 2014
MADRID — The regional government of Catalonia says it will heed a decision by Spain's top court suspending its plans to hold an independ ...

Group: Wildlife populations down drastically
Issued: September 29, 2014
GENEVA — Populations of about 3,000 species of wildlife around the world have plummeted far worse than previously thought, according to a ne ...

China faces tricky balance in Hong Kong's protests
Issued: September 29, 2014
BEIJING — Pro-democracy protests in Hong Kong have handed China's Communist leadership a thorny political dilemma.

Spain court prevents Catalonia independence vote
Issued: September 29, 2014
MADRID — An independence vote set for November in Spain's powerful Catalonia region was halted Monday by the nation's constitutional ...

Syria 'OK' with US airstrikes
Issued: September 29, 2014
UNITED NATIONS — Syria's foreign minister said Monday that his government is satisfied with the U.S.-led bombing campaign against the Is ...

more International news