Two bond insurance subsidiaries of Assured Guaranty Ltd. have made some $205 million in debt service payments to holders of insured General Obligation and other bonds on which Puerto Rico and certain of its entities defaulted on July 1, the company announced Thursday.
For years it has been a customary practice to provide incentives to large foreign companies and chain stores that decide to land in Puerto Rico, from the very moment they plan to settle here.
OBALearn, an online learning company based in San Juan that provides training for the individual and corporate market in financial and cost management, has received the national certification as a Women’s Business Enterprise by the Women’s Business Development Council of Florida, a regional certifying partner of the Women’s Business Enterprise National Council (WBENC). “We’re proud […]
The Fundación Fondo Acceso a la Justicia Inc., a legal-assistance organization based in Guaynabo, is receiving more than $11.8 million from a Bank of America mortgage settlement with the U.S. Department of Justice and six states, said Eric D. Green, independent monitor of the Aug. 2014 case.
A consent judgment has been filed in federal district court ordering a Yauco coffee grower to pay $101,484 in back wages to more than 170 year-round farm workers and seasonal coffee pickers who the company underpaid between 2011 and 2014.
Employees at Luis Muñoz Marín International Airport, along with representatives from different airlines and members of the airport community, celebrated their 3rd annual FOD (Foreign Object Debris) Walk with the goal of cleaning up ramps and other areas where airplanes operate.
Puerto Rico Government Development Bank bondholders filed a motion to ensure that they may continue to pursue their constitutional challenges to the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act, Law 21 of 2016, known as the “Moratorium Act.”
The Puerto Rico Electric Power Authority announced Thursday its intention to pay all principal and interest due on July 1, 2016 under its power revenue bonds in accordance with the terms of an agreement with creditors holding approximately 70 percent of the utility’s outstanding debt, company officials said.
Wireless carrier AT&T made 460 wireless network upgrades in Puerto Rico, added four new cell sites, and completed more than 450 network capacity enhancements last year, when it invested some $100 million in its infrastructure, the company said Thursday.
Puerto Rico Premium Outlets announced Thursday it has received a TripAdvisor Certificate of Excellence.
The Associated General Contractors of America, Puerto Rico Chapter, recently held the third edition of its Business Match Making to connect general contractors with suppliers of products and services related to the construction industry, including sub-contractors.
Moody’s Investors Service said Monday the new surcharge on customers’ electricity bills approved last week by the Puerto Rico Energy Commission to be used to pay debt service on new securitization bonds to be issued as part of the Puerto Rico Electric Power Authority’s debt restructuring is positive for creditors.
Sacred Heart University announced it has received a $40,000 contribution from AT&T to support 39 undergraduate scholarships.
Augustine "Augie" L. Cavallaro II, founder of WOSO Radio in San Juan, died on June 11, 2016 in West Palm Beach, Florida after a long battle with cancer. He was 85.
This week marked the start of the “Advancing Public Health Leadership in Times of Crisis Program,” which will be conducted through the summer to equip public health leaders with tools respond to Puerto Rico’s on-going fiscal, economic and social crisis, organizers said.
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