S&P downgrades Prepa revenue bonds to 'CCC-'

Standard & Poor's Ratings Services has lowered its rating on Puerto Rico ...

Legislative leaders blast GDB letter

Several Popular Democratic Party (PDP) legislators, including Senate President E ...

Bondholder group comments on Prepa assessment of its plan

The ad hoc group of Prepa bondholders met with AlixPartners and Millstein & ...

House bill floats 14% VAT, additional exemptions

The latest amendments to a House bill aimed at implementing tax reform in Puerto ...

Labor Department reports increase in self-employment
Issued: April 24, 2015
According to data compiled by the Labor and Human Resources Department, by ...

Harley recalls nearly 46,000 motorcycles
Issued: April 24, 2015
Harley-Davidson is recalling nearly 46,000 motorcycles in the U.S. because ...

Diet Pepsi dropping aspartame on customer concerns
Issued: April 24, 2015
PepsiCo says it's dropping aspartame from Diet Pepsi in response to cus ...

Local construction sector loses 3,000 jobs, statistics show
Issued: April 24, 2015
The Puerto Rico Statistics Institute unveiled the latest version of the U.S ...

Prepa rejects bondholder proposal
Issued: April 24, 2015
The Puerto Rico Electric Power Authority (Prepa), the island’s publicly owned electricity provider, presented its formal response to the Ad ...

Triple-S schedules 1Q earnings release, webcast
Issued: April 24, 2015
Triple-S Management Corp. announced Friday that it plans to release financial results for the first quarter ended March 31 before the market ...

OFG Bancorp reports first-quarter loss of $3 million
Issued: April 24, 2015
OFG Bancorp (OFG) on Friday reported a first-quarter loss of $3 million, after reporting a profit in the same period a year earlier.

Latino Coalition urges House to approve H.R. 870
Issued: April 24, 2015
The Latino Coalition (TLC) released a statement urging the House Judiciary Committee to approve H.R. 870 – The Puerto Rico Chapter 9 Uniform ...

Fitch maintains AES Senior Bonds on Rating Watch Negative
Issued: April 24, 2015
Fitch Ratings has maintained the following AES Puerto Rico L.P. (AES, a coal-fired cogeneration plant in Guayama) securities issued through ...

Moody’s: Delay in filing P.R.’s financial statements a ‘negative’
Issued: April 24, 2015
In response to the Puerto Rico government’s Tuesday filing announcing it would fail to submit its audited financial statements by the May 1 ...

Crowley honored with ‘Earth Day Award’
Issued: April 23, 2015
Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the org ...

Dodging the dollar drag: Currency-hedged funds are booming
Issued: April 23, 2015
Here's a trick question: Are Spanish stocks up or down this year? ...

Puerto Rico Tourism Co., Muñoz Marín Airport and consultants attract Norwegian services
Issued: April 23, 2015
Norwegian is launching in November nonstop services from Puerto Rico to Stockholm, Copenhagen, Oslo and London.

RadioShack intellectual property to be sold
Issued: April 23, 2015
The Hilco Streambank advisory firm announced that it is assisting RadioShack Corp. in soliciting offers to acquire certain assets.

more Local news
Wynn Resorts shareholders: Elaine Wynn won't return to board
Issued: April 24, 2015
LAS VEGAS — Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd. — the casino-hotel company she co-founded with ex- ...

Huge magma chamber spied under Yellowstone supervolcano
Issued: April 24, 2015
LOS ANGELES — Scientists have spied a vast reservoir of hot, partly molten rock beneath the supervolcano at Yellowstone National Park that&# ...

Stocks rise on tech earnings; Nasdaq adds to record
Issued: April 24, 2015
NEW YORK — Big gains by Amazon, Microsoft and Google sending technology stocks to a higher close.

Statue of Liberty evacuated after bomb threat; everyone safe
Issued: April 24, 2015
NEW YORK — The Statue of Liberty was evacuated as a precaution on Friday after a bomb threat, forcing hundreds of tourists to be herded off ...

Oil, gas, power, prices: big themes from energy meeting
Issued: April 24, 2015
HOUSTON — In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a ...

Cheaper fuel has airlines soaring to record profits
Issued: April 24, 2015
DALLAS — For airlines, the record profits keep coming, thanks to cheaper jet fuel.

Angelina Jolie rips world powers on Syria's refugee crisis
Issued: April 24, 2015
UNITED NATIONS — Actress Angelina Jolie pleaded with world powers Friday to help the millions of Syrian refugees, sharply criticizing the U.

What could McDonald's do to fix its business?
Issued: April 24, 2015
NEW YORK — When it comes to McDonald's, everyone seems to have an opinion about what the company needs to do differently.

Comcast is dropping $45 billion Time Warner Cable bid
Issued: April 24, 2015
NEW YORK — Comcast is dropping its $45 billion bid for Time Warner Cable after heavy regulatory pushback.

US durable goods orders jumped 4% in March
Issued: April 24, 2015
WASHINGTON — Orders to U.S. factories for long-lasting manufactured goods increased by the largest amount in eight months. But a key categor ...

Hostage deaths a reminder of risk of 'deadly mistakes'
Issued: April 24, 2015
WASHINGTON — Two years ago, President Barack Obama stood before a military audience and spoke of the "heartbreaking tragedy" of ac ...

Unusual ice cream recalls raise questions about cause
Issued: April 24, 2015
WASHINGTON — Major recalls from two well-known ice cream companies due to the discovery of listeria bacteria raise questions about how the p ...

Review: Getting your Apple Watch? Here's how to use it
Issued: April 24, 2015
NEW YORK — The first batch of Apple Watches will arrive Friday.

Nasdaq Record: Then and Now
Issued: April 24, 2015
NEW YORK — Fifteen years after peaking during the dot-com boom, the Nasdaq composite has reached a new all-time high.

more National news
Chileans moved after dangerous volcanic mudflows detected
Issued: April 24, 2015
ENSENADA, Chile — Authorities urged 2,000 people living near the Calbuco volcano to evacuate Friday after potentially devastating mudflows o ...

After drone killings, pressure for a new hostage strategy
Issued: April 24, 2015
WASHINGTON — The accidental killing of two hostages in a U.S. operation against al-Qaida has put a new spotlight on the Obama administration ...

HSBC considers moving headquarters from Britain
Issued: April 24, 2015
LONDON — Global bank HSBC said Friday it is considering moving its headquarters from London due to tougher regulation since the 2008 financi ...

Foreigners who came to Brazil in boom times flee the bust
Issued: April 24, 2015
RIO DE JANEIRO — With Brazil's economy skidding to a halt, many foreigners who had flocked to the country in recent years are now leavin ...

Italian authorities: Terror suspects planned Vatican attack
Issued: April 24, 2015
MILAN — Islamic extremists suspected in a bomb attack in a Pakistani market that killed more than 100 people had also planned an attack agai ...

Greece bailout deal elusive, 'significant' more work needed
Issued: April 24, 2015
RIGA, Latvia — Greece's finance minister came under fire Friday from his peers in the 19-country eurozone for failing to come up with a ...

Stocks mostly up after Nasdaq record, despite no Greece deal
Issued: April 24, 2015
BEIJING — Stocks turned higher in European trading on Friday, despite a lack of progress on Greece's bailout, as investors cheered the N ...

Basketball diplomacy: NBA greats teach Cubans basketball
Issued: April 23, 2015
HAVANA — Former NBA greats Steve Nash and Dikembe Mutombo have opened their training camp for Cuban basketball players, hoping to boost the ...

Panama acts to clean up reputation for money laundering
Issued: April 23, 2015
PANAMA CITY — Panama is taking a major step in an effort to clean up its reputation as a hub for money laundering.

Calbuco volcano erupts anew; ash causing concern
Issued: April 23, 2015
SANTIAGO, Chile — Twin blasts from the Calbuco volcano in southern Chile have sent vast clouds of ash into the sky, increasing concerns that ...

Professional liars are undermining justice in Colombia
Issued: April 23, 2015
BOGOTA, Colombia — Sen. Luis Fernando Velasco's life began to unravel in 2008 when a lawyer appeared before prosecutors and accused him ...

German train drivers on strike for second day
Issued: April 23, 2015
BERLIN — German train drivers are on strike for a second day, causing scores of cancellations around the country.

Toyota beats VW, GM for top place in global vehicle sales
Issued: April 23, 2015
TOKYO — Toyota Motor Corp. is still at the top in global vehicle sales after the first quarter, selling 2.52 million vehicles around the wor ...

Brazil's Petrobras: Graft scheme cost $2.1B in losses
Issued: April 23, 2015
RIO DE JANEIRO — Brazil's state-run oil company Petrobras said Wednesday that it lost $2.1 billion in an eight-year kickback scheme that ...

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