Tuesday, October 27, 2020

Latest News

  • Sanders Becomes 3rd Senator to Block Obama’s Pick for FDA

    WASHINGTON – Democratic presidential candidate Bernie Sanders is blocking President Barack Obama’s nominee to head the Food and Drug Administration, the third senator to do so. The Vermont independent said in a statement Tuesday that Dr. Robert...

    • Posted January 26, 2016
  • House Reps File Bill to Postpone IVA Until Next Year

    SAN JUAN – Reps. Waldemar Quiles Rodríguez and Gabriel Rodríguez Aguiló, both from the New Progressive Party (NPP), announced the filing of a bill aimed at postponing the implementation of the value-added tax (IVA by its Spanish...

    • Posted January 26, 2016
  • P&G 2Q Profit Jumps 35 Percent on Pricing, Lower Costs

    NEW YORK – Procter & Gamble Co. on Tuesday reported a higher quarterly profit that topped expectations as price hikes and cost-cutting offset a decline in sales volume. The world’s largest consumer products maker has been trying...

    • Posted January 26, 2016
  • Johnson & Johnson Beats 4Q Profit Forecasts

    Johnson & Johnson posted a 28 percent jump in fourth-quarter profit with the sale of its heart devices unit offsetting a weak performance from what was once its top moneymaker, as well as the strong dollar and...

    • Posted January 26, 2016
  • US Home Prices Rise in November; All-time Highs in 4 Cities

    WASHINGTON – U.S. home prices increased at a faster clip in November, the gains fueled by solid hiring growth, historically low mortgage rates and a shortage of houses on the market. The Standard & Poor’s/Case-Shiller 20-city home...

    • Posted January 26, 2016
  • Ford Recalls about 391K Ranger Pickups due to Air Bag Death

    DETROIT – Ford is recalling nearly 391,000 Ranger pickups because the driver’s air bag inflators can explode with too much force and cause injuries. The recall covers trucks from the 2004 through 2006 model years in the...

    • Posted January 26, 2016
  • Putin: Russia Must Improve Anti-corruption Measures

    MOSCOW – Russia President Vladimir Putin says the country needs to improve anti-corruption measures and address both low-level bribery and high-level graft. In a meeting with his cabinet on Tuesday, Putin said the country’s law enforcement bodies...

    • Posted January 26, 2016
  • Bernier Backs Pierluisi on US Bankruptcy Code Inclusion

    SAN JUAN – The president of the Popular Democratic Party (PDP), David Bernier, rejected a group of New Progressive Party (NPP) lwamakers’ position on Puerto Rico’s access to federal bankruptcy protection. On Sunday, the group asked their...

    • Posted January 26, 2016
  • Saudi Aramco Expects Oil Prices to Rise by End of 2016

    RIYADH, Saudi Arabia – Saudi Arabia’s state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel is not sustainable. Saudi Aramco’s CEO Amin Nasser, speaking...

    • Posted January 26, 2016
  • Popular Posts $137.4M in 4Q Net Income

    SAN JUAN – Popular Inc., the bank holding company of Banco Popular and Banco Popular North America, on Tuesday reported net income of $137.4 million and adjusted net income of $98.3 million for the fourth quarter (4Q)...

    • Posted January 26, 2016
  • Haiti Leaders Seek way Out of Political Crisis

    PORT-AU-PRINCE, Haiti – Haitian President Michel Martelly would step down on schedule in two weeks, an interim government would take over and a runoff vote would be held within months. These are the contours of a potential...

    • Posted January 26, 2016
  • Tight Democrat Race Highlights Differing Views of Gov’t Role

    DES MOINES, Iowa – For months, the tumultuous Republican presidential primary has masked a brewing debate among Democrats about their own party’s future. Now, with Vermont Sen. Bernie Sanders chipping away at Hillary Clinton’s grip on the...

    • Posted January 26, 2016
  • Collapse of Prepa Restructuring Agreement a Negative for Puerto Rico Banks

    KBW: Creditors Could Request a Receiver if Prepa Defaults With the Restructuring Support Agreement (RSA) between the Puerto Rico Electric Power Authority (Prepa) and several groups of creditors (including Puerto Rico banks, the monoline bond insurers and the Ad...

    • Posted January 26, 2016
  • Electronics Giant Philips Falls to 4th Quarter Loss

    AMSTERDAM – Dutch electronics giant Philips says it fell to a fourth-quarter net loss of 39 million euros ($42 million) as it paid off pension risks and had higher tax and other expenses, down from a net...

    • Posted January 26, 2016