Ultrafast network project gains ground

Puerto Rico’s planned $17 million investment to create an ultra-high-speed Inter ...

Argentina defends plan to pay creditors outside US

BUENOS AIRES, Argentina — Argentina will make its next round of scheduled debt p ...

Rum is bright spot in USVI economy

The U.S. Virgin Islands rum industry is surging despite an overall drop in the t ...

Financial, operational restructuring both duties of Prepa’s new CRO post

The Puerto Rico Electric Power Authority’s new chief restructuring officer (CRO) ...

Top court beefs up oversight of judges
Issued: August 20, 2014
Puerto Rico Supreme Court Chief Justice Liana Fiol Matta is launching a spe ...

Fitch: Prepa still likely to restructure debt
Issued: August 20, 2014
Fitch Ratings believes that a restructuring of Puerto Rico Electric Power A ...

Bhatia: Education and Health must pay electric bills in 30 days
Issued: August 20, 2014
Senate President Eduardo Bhatia told the administration’s budget chief Wedn ...

Justice: Still plans to sue credit raters
Issued: August 20, 2014
Justice Secretary César Miranda says the Puerto Rico government still aims ...

Report: Hedge funds say PR economy, ability to pay debt, underestimated
Issued: August 20, 2014
Hedge funds invested in Puerto Rico bonds are arguing that Puerto Rico’s economic performance may be grossly underestimated, according to a ...

High-end condo now social-interest housing
Issued: August 20, 2014
A new high-end condominium in the heart of San Juan’s financial district has been converted to social-interest housing after the apartments ...

PR unemployment holds; payroll jobs, participation drop; 28K fewer working
Issued: August 20, 2014
Puerto Rico’s unemployment rate held steady while payroll jobs posted another drop in July, the U.S. Labor Department’s Bureau of Labor Stat ...

PR man to Pope: Take ice bucket challenge
Issued: August 20, 2014
A Puerto Rico man suffering from ALS has challenged Pope Francis to join the ice-bucket challenge, a social media-based drive to raise aware ...

2 officers wounded in line of duty
Issued: August 19, 2014
Two undercover police officers were wounded in a shooting at a public housing project in Las Piedras on Tuesday afternoon.

Sen. Nieves: Aim is to cut power bills
Issued: August 19, 2014
Sen. Ramón Luis Nieves said Tuesday that the legislative probe of Puerto Rico Electric Power subsidies he is heading is part of far-ranging ...

USDA: $256K for two PR farms
Issued: August 19, 2014
Two Puerto Rico farms will split more than $256,000 as part of $25 million in U.S. Department of Agriculture grants to help 247 businesses n ...

Mayagüez casino to cut hours to stay open
Issued: August 19, 2014
The Mayagüez Resort Hotel & Casino is seeking to reduce its casino’s operation to four hours per day as it works to remain open.

Seaborne launches ‘fly anywhere’ promo
Issued: August 19, 2014
Seaborne Airlines is offering customers the option of booking as many trips as they like, to travel as often as they like, this fall for a f ...

PR not pursuing case against credit raters — for now
Issued: August 19, 2014
The Puerto Rico Justice Department is not currently pursuing legal action pushed by Gov. Alejandro García Padilla against credit ratings age ...

more Local news
Warren Buffett's firm to pay $896,000 penalty
Issued: August 20, 2014
OMAHA, Neb. — Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment ...

US government sells 400,000 acres offshore Texas
Issued: August 20, 2014
The federal government has sold more than 400,000 acres in the Gulf of Mexico off the Texas coast for oil and gas exploration and developmen ...

Some Fed officials want to slow economic help soon
Issued: August 20, 2014
WASHINGTON — Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previo ...

Why Bank of America deal might not cost it $17B
Issued: August 20, 2014
WASHINGTON — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly ...

BofA reaches $17B settlement with US
Issued: August 20, 2014
WASHINGTON — Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authori ...

Reward offered for former billionaire's assets
Issued: August 20, 2014
HELENA, Mont. — The trustee representing Montana's Yellowstone Club creditors is offering a reward to anyone who can help uncover assets ...

Yellen to give her outlook as Fed honeymoon fades
Issued: August 20, 2014
WASHINGTON — Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Ber ...

Holder heads to Ferguson after subdued protests
Issued: August 20, 2014
CLAYTON, Mo. — As U.S. Attorney General Eric Holder made his way to Ferguson on Wednesday, a small group of protesters gathered outside the ...

US official: More airstrikes in Iraq
Issued: August 20, 2014
WASHINGTON — A U.S. official says American fighter jets and drones conducted nearly a dozen airstrikes in Iraq since Tuesday, even as Islami ...

Macy's to pay $650,000 in shopper-profiling probe
Issued: August 20, 2014
ALBANY, N.Y. — The retailer Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhatt ...

Apple's stock bounces back to hit a new high
Issued: August 20, 2014
SAN FRANCISCO — Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to out ...

Texas' Perry smiles for mug shot, gets ice cream
Issued: August 20, 2014
AUSTIN, Texas — Republican Texas Gov. Rick Perry gave a confident, wry smile beneath flawless hair for his mug shot. Then he went out for a ...

Q&A: How one US factory owner fought cheap imports and saved jobs
Issued: August 20, 2014
WASHINGTON — Much of U.S. manufacturing has been decimated in the past decade by less expensive imports from China, but it didn’t necessaril ...

Uber hires former Obama adviser Plouffe
Issued: August 20, 2014
NEW YORK — Uber is stepping up its political game with a high-powered new hire.

more National news
Argentina seeks to end default through venue change
Issued: August 20, 2014
BUENOS AIRES, Argentina — Argentina’s government is proposing to change the way it pays holders of the country’s debt, shifting it out of th ...

US officials: Military mulling more troops to Iraq
Issued: August 20, 2014
WASHINGTON — U.S. officials say military planners are weighing the possibility of sending more American forces to Iraq mainly to provide add ...

Obama: US won't stop confronting Islamic State
Issued: August 20, 2014
EDGARTOWN, Mass. — President Barack Obama says the United States will continue to confront Islamic State extremists despite the brutal murde ...

US warns that Venezuela is losing airline access
Issued: August 20, 2014
CARACAS, Venezuela — Come to Venezuela and you might get a longer trip than you bargained for. That’s what the U.S. government is warning.

Dubai's Nakheel to pay $2.1 billion in debt early
Issued: August 20, 2014
DUBAI, United Arab Emirates — Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 ...

UK: man in beheading video appears to be British
Issued: August 20, 2014
LONDON — UK Foreign Secretary Philip Hammond says the person appearing in the video posted by Islamic militants beheading American journalis ...

Global cruise lines set sail for China
Issued: August 20, 2014
HONG KONG — Royal Caribbean’s newest ship has attractions not usually seen on cruise liners, including bumper cars, a skydiving simulator an ...

Chinese, Russian media turn criticisms back on US
Issued: August 20, 2014
BEIJING — Chinese and Russian state media have seized on the U.S. police shooting of an unarmed black 18-year-old and ensuing protests to fi ...

US authenticating video of American's killing
Issued: August 19, 2014
WASHINGTON — The Obama administration says it has not confirmed the authenticity of a video that purports to show the killing of an American ...

Israeli leader recalls team from cease-fire talks
Issued: August 19, 2014
CAIRO — An Egyptian effort to broker an end to a monthlong war between Israel and Hamas militants in the Gaza Strip appeared to collapse Tue ...

Shipping rise bodes well for world trade
Issued: August 19, 2014
COPENHAGEN, Denmark — The world’s largest shipping company says it is sending more containers around world, a sign that global trade — and p ...

A Castro makes history with ‘no’ vote in Cuba
Issued: August 19, 2014
HAVANA — Yet another revolutionary tradition has been broken in Cuba: A lawmaker voted “no” in parliament.

Saudi sentences 14 on terrorism charges, beheading
Issued: August 19, 2014
RIYADH, Saudi Arabia — A Saudi court sentenced one man to death and 13 others to prison for their role in killing a foreigner, attacking gov ...

Thousands of intense earthquakes rock Iceland
Issued: August 19, 2014
LONDON — Thousands of small intense earthquakes are rocking Iceland amid concerns that one of the country's volcanoes may be close to er ...

more International news