Tuesday, October 27, 2020

Latest News

  • JPMorgan to Pay $1.42 Billion to Lehman Brothers

    NEW YORK – JPMorgan Chase has agreed to pay $1.42 billion to settle allegations that it withheld critical funds from Lehman Brothers in the final days leading up to Lehman’s collapse during the financial crisis. Lehman’s failure...

    • Posted January 26, 2016
  • Debate to be Held on Puerto Rico’s Need for Political Parties

    SAN JUAN – The Puerto Rico chapter of the Association of Latino Professionals for America (ALPFA) will hold a debate on whether political parties are a must for Puerto Rico’s economic development. The event will take place...

    • Posted January 26, 2016
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  • Cruise Line Restarts Haiti Port Calls after Recent Protest

    PORT-AU-PRINCE, Haiti — Royal Caribbean Cruises Ltd. on Tuesday re-established port calls to its fenced-in site and beach attraction in northern Haiti after suspending visits just over a week ago. The Miami-based company suspended cruise ship stops...

    • Posted January 26, 2016
  • Study: Tax Incentives Generated Thousands of Jobs, more Expected

    SAN JUAN – Tax incentives created by Acts 20 and 22 of 2012 to promote exports and attract investors have generated an estimated 5,832 jobs, and could create about 56,000 by 2024, according to a study commissioned...

    • Posted January 26, 2016
  • AIG Selling Broker-dealer Segment, Cutting Expenses

    NEW YORK – Insurer AIG is selling its broker-dealer segment, starting an initial public offering for its mortgage-insurance division and slashing expenses after coming under pressure from activist investor Carl Icahn. Icahn has been pushing New York-based...

    • Posted January 26, 2016
  • 19 Confirmed Cases of Zika in Puerto Rico

    Puerto Rico is reporting a jump in the number of mosquito-borne Zika virus cases. Health Secretary Ana Rius says there are 19 confirmed cases, though none involve pregnant women. Brazilian officials have linked the tropical illness to...

    • Posted January 26, 2016
  • Iran Signs Flurry of Business Deals as Leader Visits Europe

    MILAN – Iran is signing business deals across Europe as its president embarks on a tour of the region to restore contacts after years of economic sanctions and international isolation. Companies from the oil sector to car...

    • Posted January 26, 2016
  • December Unemployment Rate Stands at 12.2%

    SAN JUAN – Labor Department Secretary Vance Thomas announced Tuesday that the unemployment rate for December stood at 12.2%. The data on employment, unemployment and nonfarm payroll, certified by the U.S. Bureau of Labor Statistics, also show an...

    • Posted January 26, 2016
  • Former Governor says Delay in Addressing Status is Unacceptable

    SAN JUAN – The Popular Democratic Party (PDP) has suggested that it will wait for the U.S. Supreme Court’s expressions on the double jeopardy clause case before it, which has political status implications for Puerto Rico, to...

    • Posted January 26, 2016
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  • Health Insurance Administration Confident it will Find Financing for its Debt to Providers

    SAN JUAN – The executive director of the Puerto Rico Health Insurance Administration (ASES by its Spanish acronym), Ricardo Rivera, said he is confident the agency will be able to pay its debt with service providers for...

    • Posted January 26, 2016
  • Dupont Reports 4Q Loss, Steps up Cost Cuts Ahead of Dow Deal

    DOVER, Del. – DuPont Co., pursuing a merger with Dow Chemical, tipped to a fourth-quarter loss as volumes declined and the strong dollar weighed on results. The company is ratcheting up spending cuts ahead of the deal,...

    • Posted January 26, 2016
  • Hiring Rises in 36 US States in December

    WASHINGTON – Employers added jobs in 36 states last month, led by big gains in California, Texas and Florida, evidence that hiring remains solid nationwide. Low oil prices caused job losses in energy-rich states. THE NUMBERS: The...

    • Posted January 26, 2016
  • American Consumers Showing more Confidence in Economy

    WASHINGTON – A strong job market and low gasoline prices helped boost U.S. consumer confidence again this month. The Conference Board on Tuesday said that its consumer confidence index rose to 98.1 in January from 96.3 in...

    • Posted January 26, 2016
  • Lockheed Martin Separating Unit, Combining it with Leidos

    BETHESDA, Md. – Lockheed Martin is separating its information systems and global solutions unit, combining it with the engineering company Leidos so that it can focus on its remaining aerospace and defense business. The division has about...

    • Posted January 26, 2016