Retirement System burgeoning deficit on Moody’s radar
May 4, 2011
Gov. Luis Fortuño’s administration has three months to show Moody’s Investors Service that it is taking enough — and correct — action to address the Commonwealth Retirement System’s $28 billion funding shortfall to avoid a possible downgrade of its current A3 rating.
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Bankrupt El Amal liquidating inventory; company president says unfair competition broke business
May 4, 2011
Nearly three months after abruptly closing down its local drugstore chain and filing for Chapter 11 bankruptcy protection, El Amal is liquidating the inventory it has left, the company in charge of the transaction announced in an ad published Tuesday.
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Walmart breaks ground on $50.2M Santurce Supercenter
May 4, 2011
Accompanied by Gov. Luis Fortuño and other government officials, retailer Walmart broke ground Wednesday on the new Supercenter it plans to build in the heart of Santurce, through a $50.2 million investment.
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