Raging Capital Management, LLC, a long-term shareholder of Popular Inc. (BPOP) said in a letter delivered to the institution’s board of director that the bank is “significantly undervalued” ad urges adopting a $1 billion stock repurchase plan. In the letter signed by William C. Martin, chairman and chief investment officer of Raging Capital Management, LLC, […]
Puerto Rico is overhauling its electrical power system: evaluating its integrated resource plan (IRP), approving wheeling regulations, acquiring a concessionaire for transmission and distribution, and setting up private management of power generation plants, among other measures that will affect the island’s electrical system for years to come. Unfortunately, a scattershot approach is being taken to […]
Four businesses in Puerto Rico will receive a combined $452,820 from the U.S. Department of Agriculture’s Rural Energy for America Program to develop renewable energy systems. In total, the USDA will invest $165.4 million to help farmers, ag producers and rural-based businesses lower energy cost. The agency is providing 621 awards to applicants in the […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA