Argentina nears default as debt talks end; govt says creditors ‘vultures’

NEW YORK — Talks aimed at averting Argentina’s second default in 13 years ended ...

Prepa debt talks intensify as deadline nears

Puerto Rico Electric Power Authority (Prepa) and Government Development Bank (GD ...

PR police retaking reins of academy

Gov. Alejandro García Padilla signed legislation Wednesday that puts the Police ...

Report: Doral aims to sell units, loans, US branches for capital requirements

Doral Financial Corp. is moving to sell itself off in parts, according to a Bloo ...

Manuel A. Casiano
Publisher’s Open Letter
Governor takes aim at top court over Bar
Issued: July 30, 2014
Gov. Alejandro García Padilla is urging the Legislature to approve a measur ...

Water rationing to start in SJ area
Issued: July 30, 2014
The Puerto Rico Aqueduct & Sewer Authority said Wednesday it will imple ...

UBS: Damage claims in PR top $600M
Issued: July 30, 2014
UBS is facing more than $600 million in damage claims filed by clients in P ...

Drought’s toll on PR agriculture at $20M
Issued: July 30, 2014
Drought damages to Puerto Rico’s agriculture industry have reached $20 mill ...

New law cuts PR holidays from 19 to 15
Issued: July 30, 2014
Gov. Alejandro García Padilla signed legislation Tuesday to cut the number of Puerto Rico government holidays from 19 to 15 per year.

Sen. Rubio pushes LNG terminal for PR
Issued: July 30, 2014
A prominent U.S. senator has thrown his weight behind lobbying efforts to spur federal approval for a $253 million liquefied natural gas (LN ...

PR residents aren’t big organ donors
Issued: July 30, 2014
Puerto Rico trails all 50 states on a list of organ donation rates, according to a new report.

First BanCorp profit climbs in 2Q
Issued: July 29, 2014
First BanCorp, the San Juan-based bank holding company for FirstBank Puerto Rico, reported Tuesday net income of $21.2 million for the secon ...

PR supermodel Smalls in Pirelli Calendar
Issued: July 29, 2014
Puerto Rican supermodel Joan Smalls is once again being featured in the famed Pirelli Calendar released every year by the Italian tire maker ...

PR grieves for family in Florida tragedy
Issued: July 29, 2014
The shocking death of Ommy Irizarry and his daughter Oceana Sunday on a Florida beach has an entire Puerto Rican city in mourning.

Tropical wave getting better defined
Issued: July 29, 2014
The National Hurricane Center said Tuesday an area of low pressure in the Atlantic Ocean is becoming better defined.

PR Police Department ranks thinning
Issued: July 29, 2014
The Puerto Rico Police Department is facing another challenge as the number of officers in its ranks has fallen sharply in recent years.

Ad campaign again targets PR govt
Issued: July 29, 2014
A U.S. conservative group is continuing to target the Puerto Rico government with advertisements comparing Gov. Alejandro García Padilla to ...

PR moves closer to water rationing
Issued: July 29, 2014
Puerto Rico is moving closer to water rationing as levels continues to fall at reservoirs across the island amid a prolonged dry spell.

more Local news
US judge slaps $1.3B fine on Bank of America
Issued: July 30, 2014
NEW YORK — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages ...

Fed offers no clearer hint on first rate increase
Issued: July 30, 2014
WASHINGTON — The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less he ...

Obama to GOP: 'Stop just hating all the time'
Issued: July 30, 2014
KANSAS CITY, Mo. — Pointing the finger at Republicans for congressional inaction, President Barack Obama chided lawmakers Wednesday for spen ...

A more vigorous US economy appears to be emerging
Issued: July 30, 2014
WASHINGTON — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.

GOP blocks tax hike on firms moving overseas
Issued: July 30, 2014
WASHINGTON — Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations oversea ...

UCLA wades through damages from pipe flooding
Issued: July 30, 2014
LOS ANGELES — The quiet summer campus of UCLA suddenly was steeped in water and chaos after a major water pipe burst and spewed some 8 milli ...

Revised data: US grew faster in 2nd half of 2013
Issued: July 30, 2014
WASHINGTON — Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade ...

Billions of GI Bill funds go to for-profit schools
Issued: July 30, 2014
WASHINGTON — Iraq and Afghanistan veterans have flocked to for-profit colleges, including a troubled chain that is closing or selling its ca ...

As Fed meets, key issues likely to stay unanswered
Issued: July 30, 2014
WASHINGTON — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: ...

US economy grew at strong 4% rate in 2Q
Issued: July 30, 2014
WASHINGTON — After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate ...

Poll: Immigration concerns rise with tide of kids
Issued: July 29, 2014
McALLEN, Texas — For nearly two months, images of immigrant children who have crossed the border without a parent, only to wind up in concre ...

Twitter 2Q results soar, stock flies high
Issued: July 29, 2014
NEW YORK — The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesda ...

Drugmaker Amgen laying off at least 2,400
Issued: July 29, 2014
Biologic drugmaker Amgen said Tuesday that it will lay off 12 percent to 15 percent of its worldwide workforce and close four sites, even as ...

McDonald's: Regulator says it's a 'joint employer'
Issued: July 29, 2014
NEW YORK — McDonald's says it has been notified by a labor regulator that it can be named a "joint employer" for workers in it ...

more National news
Ratings agency: Argentina in 'selective default'
Issued: July 30, 2014
NEW YORK — Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of do ...

Argentines shrug off risk of default
Issued: July 30, 2014
BUENOS AIRES, Argentina — In 2001, it was ground zero for Argentina's financial earthquake. A neo-colonial architectural gem built long ...

Shelling of UN school kills 15 as Gaza war rages
Issued: July 30, 2014
JEBALIYA REFUGEE CAMP, Gaza Strip — Israeli tank shells slammed into a crowded U.N. school sheltering Gazans displaced by fighting on Wednes ...

Leaders of Spain, Catalonia hold secession talks
Issued: July 30, 2014
MADRID — The leader of the economically powerful Catalonia region held firm in a meeting with Spain's prime minister on Wednesday, sayin ...

Russia counts cost of new economic sanctions
Issued: July 30, 2014
MOSCOW — Russia blasted the West's new economic sanctions on Wednesday, accusing the U.S. of being "prosecutorial" in its driv ...

Catalan leader insists on holding secession vote
Issued: July 30, 2014
MADRID — The leader of Spain's economically powerful Catalonia region has told Spanish Prime Minister Mariano Rajoy he intends pushing a ...

US bars some Venezuela officials from US travel
Issued: July 30, 2014
WASHINGTON — Citing political instability, the State Department is imposing new restrictions on travel to the United States by Venezuelan go ...

Argentina talks go long as debt deadline looms
Issued: July 29, 2014
NEW YORK — Argentina's finance secretary and economy minister met with a court-appointed mediator as the South American nation worked in ...

Avoiding plane crashes as air traffic soars
Issued: July 29, 2014
NEW YORK — More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crow ...

Argentina officials arrive for debt deadline talks
Issued: July 29, 2014
NEW YORK — Argentina's finance secretary arrived Tuesday for talks aimed at avoiding that country's second default in 13 years, thou ...

Global task force created after plane shot down
Issued: July 29, 2014
MONTREAL — The United Nations agency that governs civil aviation said Tuesday it is creating a task force aimed at improving security measur ...

US, Europe impose tough new sanctions on Russia
Issued: July 29, 2014
WASHINGTON — President Barack Obama has announced new economic sanctions against key sectors of the Russian economy in the latest move by th ...

Israel hits symbols of Hamas rule; scores killed
Issued: July 29, 2014
GAZA CITY, Gaza Strip — Israel escalated its military campaign against Hamas on Tuesday, striking symbols of the militant group's contro ...

China investigating Microsoft in monopoly case
Issued: July 29, 2014
BEIJING — China's anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign ...

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