SEC charges UBS P.R., 2 execs with fraud
May 1, 2012
The Securities and Exchange Commission on Tuesday charged UBS Financial Services Inc. of Puerto Rico and two executives with making misleading statements to investors, concealing a liquidity crisis, and masking its control of the secondary market for 23 proprietary closed-end mutual funds.
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Bumble Bee closing Mayagüez plant after 50 years, leaving 260 jobless
May 1, 2012
The Bumble Bee tuna cannery in Mayagüez will be closing its operation after 50 years of doing business in Puerto Rico, leaving about 260 people jobless, News is my Business learned.
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Popular announces 1-for-10 reverse stock split
May 1, 2012
Popular Inc. announced Monday that its stockholders approved a proposed 1-for-10 reverse split of its common stock, which is expected to become effective May 29.
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