Sunday, July 5, 2020

Latest News

  • Justices to Weigh Limits on Insider Trading Cases

    WASHINGTON – The Supreme Court signaled Tuesday that it could make insider trading cases harder to prosecute nationwide, dealing another blow to federal prosecutors. The justices said they would hear the appeal of an Illinois man who...

    • Posted January 19, 2016
  • Amendment Mulled to Allow Prepa Revitalization Corp. to File for Bankruptcy

    SAN JUAN – One of the numerous amendments lawmakers are evaluating for the Puerto Rico Electric Power Authority Revitalization Act will allow a corporation created by the bill to file for bankruptcy. Senate Bill 1523 and House...

    • Posted January 19, 2016
  • Latest Gauge on China Slowdown Brings Relief it Wasn’t Worse

    BEIJING – The slowdown of China’s once-sizzling economy has fueled anxiety over its impact on the rest of the world. Yet when Beijing reported Tuesday that its economy grew last year at the slowest pace in a...

    • Posted January 19, 2016
  • Gas Wholesalers Fail to Show up at Senate Hearing

    SAN JUAN – Citing different reasons, local gas wholesalers didn’t show up to a Senate committee hearing held Tuesday in which gas prices on the island and whether they reflect the low price of oil, currently at...

    • Posted January 19, 2016
  • First BanCorp to Announce 4Q, Full-year Financial Results Jan. 28

    SAN JUAN — First BanCorp, the bank holding company for FirstBank Puerto Rico—the island’s second largest financial institution by assets—announced it expects to report its financial results for the fourth quarter (4Q) and full-year ended Dec. 31, 2015,...

    • Posted January 19, 2016
  • Congressional Hearing set to Discuss Federal Fiscal Authority over Puerto Rico

    SAN JUAN – The U.S. House Indian, Insular & Alaska Native Affairs Subcommittee announced Tuesday that it will hold a hearing Jan. 26 on the potential establishment of a federal fiscal control board on Puerto Rico. Titled...

    • Posted January 19, 2016
  • Tiffany’s Holiday Sales Fall, Weak Conditions Remain

    NEW YORK – Tiffany reported a worldwide decline in jewelry sales during the holiday period as consumer spending remained tepid in an uncertain global economy. The company reported a 9 percent drop in global same-store sales, or...

    • Posted January 19, 2016
  • Walmart Litigation may Affect Puerto Rico Revenue Projections Negatively

    SAN JUAN – Revenue projections for Puerto Rico could be significantly affected by the transfer-pricing tax legal challenge filed by Walmart.   Puerto Rico officials warned about the negative impact of the litigation as it updated projections...

    • Posted January 19, 2016
  • Colombia’s Oil Stock Drops

    BOGOTÁ, Colombia – Colombia’s main stock index fell Monday for the second consecutive day, and the country’s internal public debt devalued as a consequence of risk aversion after oil’s price drop in international markets. The greatest drop...

    • Posted January 19, 2016
  • Faced with Array of Risks, CEOs Increasingly Pessimistic

    DAVOS, Switzerland – Facing a cocktail of risks from the economic slowdown in China to the rise of the Islamic State group, chief executives around the world are more pessimistic about the global economy than at any...

    • Posted January 19, 2016
  • Gov’t Report: Budget Deficit to Rise to $544B this Year

    WASHINGTON – A government report released Tuesday estimates that this year’s budget deficit will rise to $544 billion, an increase over prior estimates that can be attributed largely to tax cuts and spending increases passed by Congress...

    • Posted January 19, 2016
  • Ports Authority Director says Privatization Reports are False

    SAN JUAN – The executive director of the Puerto Rico Ports Authority, Ingrid Colberg Rodríguez, said Tuesday that reports on talks to privatize the public corporation were false. According to an article published on a daily newspaper...

    • Posted January 19, 2016
  • Parties, Badges and Snipers: An Informal Guide to Davos

    DAVOS, Switzerland – Davos seems made to host the world elite. The town of 10,000 people is tucked away in a picturesque Swiss ski resort that takes hours to reach by train – unless you have a...

    • Posted January 19, 2016
  • Getting in on the Joke, Univision Buys Stake in The Onion

    NEW YORK – It’s not a joke. Spanish-language broadcaster Univision is buying a stake in the owner of The Onion, the satirical news site. “I’m happy to announce that we’ve just finished a deal with what might...

    • Posted January 19, 2016