Tuesday, August 11, 2020

Latest News

  • Cheaper Fuel Boosts 4Q Profit at United, Southwest

    DALLAS – Lower fuel prices are boosting airline profits and leaving enough left over for passengers to get slightly lower fares. United Continental Holdings Inc. and Southwest Airlines Co. reported Thursday that fourth-quarter earnings soared as fuel...

    • Posted January 21, 2016
  • Economist Predicts Gov’t to Run Out of Cash by March, Congress to Impose Control Board in Response

    SAN JUAN – The Puerto Rico government would run out of money by March, essential services to citizens would be severely affected and the U.S. Congress would impose a fiscal control board to remedy the situation, Puerto...

    • Posted January 21, 2016
  • Southwestern Energy to Cut 1,100 Jobs Amid Oil Slump

    NEW YORK – Southwestern Energy said it will cut 1,100 jobs, or about 44 percent of its workforce, as the oil and gas company deals with a drop in prices. The company, the third-largest natural gas producer...

    • Posted January 21, 2016
  • Senate Approves Probe Into EVERTEC after Network Outage

    SAN JUAN – The Puerto Rico Senate will investigate the processing of electronic payment transactions carried out by EVERTEC, a company based in San Juan, after it passed a resolution to such an effect Thursday. Popular Democratic...

    • Posted January 21, 2016
  • Judge Skeptical of Immunity Argument by UN Case Defendant

    NEW YORK – A New York federal judge seems unimpressed with a U.S. citizen’s claims to immunity in a United Nations bribery scandal because he was working as a diplomat for a foreign government. Judge Vernon Broderick...

    • Posted January 21, 2016
  • Republican Party in Puerto Rico Prepares Voting List for Presidential Primaries

    The Republican Party in Puerto Rico carried out a drawing Thursday to determine the position on the ballot that each of the 12 aspiring candidates from that party for the presidency of the United States will occupy...

    • Posted January 21, 2016
  • Puerto Rico Tourism Co. Receives World Tourism Organization Award

    SAN JUAN – The executive director of the Tourism Co., Ingrid I. Rivera Rocafort, received Thursday an award given to Puerto Rico as one of four finalists in the category of Innovation, Public Policy and Governance at...

    • Posted January 21, 2016
  • Home Builders to Liaise with Private Sector for Roosevelt Roads Redevelopment

    SAN JUAN – The executive director of the Roosevelt Roads Redevelopment Authority, Malu Blázquez Arsuaga, and architect Ricardo Álvarez-Díaz, president of the Puerto Rico Home Builders Association (HBA), announced Thursday that both entities have signed a collaboration...

    • Posted January 21, 2016
  • US Drops Opposition to Multilateral Argentine Loans

    BUENOS AIRES, Argentina – The United States says it will no longer oppose lending to Argentina from multilateral banks. The U.S. Treasury statement follows a meeting between U.S. Treasury Secretary Jacob J. Lew and Argentina Finance Minister...

    • Posted January 21, 2016
  • Some Funds Offer to Tame Market’s Chaos, but at a Price

    NEW YORK – Freaked out by the stock market’s big swings? Then the investment industry has something it built just for you: funds that hope to offer a steadier ride. That sounds especially comforting after this year’s...

    • Posted January 21, 2016
  • The China Risk: What Leaders in Davos say About it

    DAVOS, Switzerland – Worries over China’s economic future have dominated many of the talks at the World Economic Forum in Davos, Switzerland. Here are some of the top quotes of the day. — “China has the confidence...

    • Posted January 21, 2016
  • CIAPR Sets Eyes on Bill 2742 to Revitalize Prepa

    The Puerto Rico Engineers & Land Surveyors Association (CIAPR by its Spanish initials) is closely monitoring the evaluation and approval process for House Bill 2742, which aims to create the Law for the Revitalization of the Puerto...

    • Posted January 21, 2016
  • P.R. Government Reduces Budget by $254 Million With Cuts

    Luis F. Cruz, executive director of the Office of Management Budget has announced a decrease of $254 million in the budget for the current fiscal year.

    • Posted January 21, 2016
  • Prepa Restructuring at Risk, Lawmakers won’t Pass Revitalization Act in Time

    SAN JUAN – The Puerto Rico Electric Power Authority (Prepa) Revitalization Act, the cornerstone legislation that will help enable the restructuring of the utility’s $9 billion debt, will not be approved before a Jan. 22 deadline imposed...

    • Posted January 21, 2016