Gov. Luis Fortuño’s administration has three months to show Moody’s Investors Service that it is taking enough — and correct — action to address the Commonwealth Retirement System’s $28 billion funding shortfall to avoid a possible downgrade of its current A3 rating.
Squeezed by a decline in demand for its print telephone directories as consumers and advertisers turn their attention to online and mobile versions of the bulky book, Caribe Media Inc. filed for Chapter 11 bankruptcy protection Tuesday in Delaware.
Nearly three months after abruptly closing down its local drugstore chain and filing for Chapter 11 bankruptcy protection, El Amal is liquidating the inventory it has left, the company in charge of the transaction announced in an ad published Tuesday.
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