In early April, the government of Puerto Rico disclosed the hiring of a New York law firm that has handled more than 30 sovereign debt restructurings, including those of Greece, Argentina, Iraq and Russia.
Puerto Rico will celebrate its third annual Puerto Rico Restaurant Week — a culinary event that gives diners the opportunity to sample the best restaurants on the island at special prices — from May 14-20, said Gustavo Antonetti, president of Kinori Group, the company that produces the event.
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $17.1 million for the first quarter of 2014, or $0.08 per diluted share, compared to $14.8 million, or $0.07 per diluted share, for the fourth quarter of 2013 and a net loss of $72.6 million, or $0.35 per diluted share, for the first quarter of 2013.
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