Puerto Rico’s workforce fell to 41.4 percent in January 2011, representing the lowest participation rate recorded for the month of January since 1983, when the number reached 40.7 percent, the Labor Department informed Friday.
El Amal closed its doors a week ago. (Credit: © Mauricio Pascual) Almost a week after closing down its local operation, El Amal’s parent company, A+HC Holding Inc., filed for Chapter 11 bankruptcy protection, buckling to the island’s ongoing economic problems and the banking crisis they said compounded their operational problems. This is the second […]
North Carolina-based shipping and transportation logistics provider Horizon Lines Inc. on Thursday confirmed it has reached an agreement with the U.S. Department of Justice to enter a guilty plea and settle a charge of violating federal antitrust laws with respect to Puerto Rico trade activity. As a result, the company will pay a $45 million […]
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