Popular Inc. continues taking steps toward improving its balance sheet with an announcement Monday that it has signed a non-binding letter of intent to sell approximately $500 million of construction and commercial real estate loans. Some 75 percent of the loans, which will be sold at book value, are non-performing.
The Treasury Department is responsible for implementing the new tax code. (Credit: Mauricio Pascual©) Following two days of marathon House and Senate sessions, both chambers approved the overhaul of the Puerto Rico Internal Revenue Code, through which the Fortuño administration has promised tax benefits to individuals and businesses to be funded mostly by a new […]
The operations of yet another local pharmaceutical company are in the Food & Drug Administration’s cross-hairs, receiving a warning letter from the agency over violations to good manufacturing practice requirements, the Wall Street Journal reported Thursday. As of late afternoon, the FDA had yet to post copies of the warning letter it sent to Baxter […]
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