Tuesday, August 11, 2020

Latest News

  • We’re Off to See the Wizard

    Although it borrows from film noir, the image illustrating this edition’s Cover Story is a fitting representation of the potential for capital generation and job creation underpinning Acts 20 and 22. The incentives provided by those two laws are beginning to...

    • Posted January 21, 2016
  • Experienced Exec Tapped to Direct Humacao Performing Arts Center, Arena Operations

    HUMACAO, Puerto Rico – The Humacao Municipal Board for Economic and Cultural Development and the Latin Division of SMG International Co. have appointed Evelyn Linnette Isona as general manager of the Performing Arts Center in Humacao as...

    • Posted January 21, 2016
  • British Future In EU? French PM Warns of Exit ‘Tragedy’

    DAVOS, Switzerland – Worries over a British exit from the European Union weighed on participants at the World Economic Forum on Thursday, with France’s prime minister warning that it would be a “tragedy” that could prove an...

    • Posted January 21, 2016
  • UK Judge: Putin Probably Approved Plan to Poison Ex-Spy

    LONDON – President Vladimir Putin probably approved a plan by Russia’s FSB security service to kill a former agent-turned-Kremlin critic who died after drinking tea laced with radioactive poison, a British judge said Thursday in a strongly...

    • Posted January 21, 2016
  • Brazil Economy Sheds 1.5 Million Payroll Jobs in 2015

    SAO PAULO – Brazil’s labor ministry says the country lost 1.5 million payroll jobs in 2015 amid a contracting economy that has led to high inflation and layoffs in the manufacturing and service sectors. The ministry said...

    • Posted January 21, 2016
  • After Tough Holiday Season, Small Retailers are Strategizing

    NEW YORK – A disappointing holiday shopping season has small and independent retailers thinking about how to get customers interested in shopping in 2016. After holiday sales fell 25 percent compared to a year earlier at Standout...

    • Posted January 21, 2016
  • Governor Announces New ‘Science City’ Projects

    SAN JUAN – Puerto Rico Gov. Alejandro García Padilla visited the grounds of the long-in-development “Science City” project Thursday, during which he announced the construction of a $10 million “Laboratory Road” that will connect the Comprehensive Cancer...

    • Posted January 21, 2016
  • ECB Holds Out Chance of More Stimulus at March Meeting

    FRANKFURT, Germany – European Central Bank head Mario Draghi let rattled investors know Thursday that the bank is poised to take action as soon as its next monetary policy meeting in March if plunging oil prices and...

    • Posted January 21, 2016
  • Russian Ruble Keeps on Falling, Hits New Record Low

    MOSCOW – The Russian ruble hit another historic low against the dollar Thursday as currencies slid across the former Soviet Union against the backdrop of low oil prices. The ruble traded above 85 to the dollar for...

    • Posted January 21, 2016
  • Retirement System Urges Pensioners to Correct Bank Accounts

    SAN JUAN – Government Employee Retirement Systems Administrator Pedro Ortiz on Thursday urged pensioners who had bank accounts in Doral, Westernbank, RG and Bilbao Vizcaya to go to the agency before Feb. 15 and make changes to...

    • Posted January 21, 2016
  • Consumer Affairs Secretary: Tropigas Refusing to Comply with Gas Price Orders

    SAN JUAN – Consumer Affairs (DACO by its Spanish acronym) Secretary Nery Adames said Thursday that Tropigas has refused to comply with the order regulating the price of gas. He added that the company argues that the...

    • Posted January 21, 2016
  • Drug Industry to Fight Superbugs Together with Governments

    TRENTON, N.J. – Dozens of makers of medicines and diagnostic tests have joined together in an unprecedented effort to tackle “superbugs” – infections that increasingly don’t respond to drugs and threaten millions of people in countries rich...

    • Posted January 21, 2016
  • Insurer FGIC Sues Puerto Rico Government

    SAN JUAN – Financial Guaranty Insurance Co. (FGIC) has sued the government in federal court, challenging the constitutionality of the recently issued executive order by Gov. Alejandro García Padilla to enable the so-called “clawback” mechanism because they...

    • Posted January 21, 2016
  • Governor Visits German Companies Operating in Puerto Rico

    SAN JUAN – Gov. Alejandro García Padilla visited Wednesday the Puerto Rico facilities of German companies Sartorius and Fresenius, located in Yauco and Maricao, respectively. The governor’s visit is part of his administration’s strategy to strengthen its...

    • Posted January 21, 2016