Earlier this month, the world shook when NBA star Lebron James decided to leave roughly $30 million of guaranteed money on the table and a proven Miami Heat squad to come back home to join his former hometown team the Cleveland Cavaliers.
BlueMountain Capital Management, LLC filed a lawsuit on Tuesday against the government of Puerto Rico, challenging the legality of a new law that allows certain public corporations to avoid their debts.
Gov. Alejandro García-Padilla and members of his fiscal team faced investors during a webcast Thursday, during which they defended the administration’s strategy thus far to turn around the island’s grim financial situation.
Three months after dropping anchor on its maritime route between Puerto Rico and the Dominican Republic, America Cruise Ferries will resume offering the service today, following a $6 million mechanical and esthetic remodeling of the Caribbean Fantasy ship.
The U.S. Environmental Protection Agency is providing a $60,000 grant to nonprofit ENLACE to design a plan for a new stormwater drainage system along the Marín Peña Channel.
Sam’s Club announced Thursday it will begin selling Café Yaucono and Arroz Rico to its stores in Florida as part of its program to export Puerto Rican products to areas with a large community from the island.
Following its strong debut in South Korea, LG Electronics (LG) will begin its global rollout of its G3 smartphone starting next week, in partnership with several carriers, including Claro, T-Mobile and AT&T in Puerto Rico.
Frozen yogurt retailer Yogen Früz recently opened a new kiosk-type location at the main entrance of the Kmart store in San Patricio Plaza mall in Guaynabo, becoming the first of several planned inside the retailer, company officials said.
Less than a year after launching, Oriental’s check-image deposit service, “FotoDepósito” has generated more than $1 million in transactions from customers using their smartphones to interact with the bank, officials said Wednesday.
As part of its continuing network investment and ongoing 4G LTE rollout, AT&T has added three mobile Internet cell sites in Vega Alta, Toa Baja and Cayey to expand its 4G LTE coverage for area residents and businesses, the company announced this week.
With the presentation of the “Women Connection Lounge” at the recently held Puerto Rico Chamber of Commerce convention, The Coca-Cola Company joined its #5by20 global program, which aims to empower women around the world by providing tools that contribute to their progress and improvement.
Puerto Rico has nabbed the #1 spot as the ideal Caribbean location for destination weddings in the USA TODAY 10Best Readers' Choice poll, beating out locations such as St. Lucia, Aruba and Key West, Puerto Rico Tourism Company Executive Director Ingrid Rivera said Wednesday.
Agriculture Acting Under Secretary Doug O’Brien announced the availability of more than $33 million to provide safe and affordable housing for farm workers and their families through the Farm Labor Housing Program.
Doral Financial Corp. announced Monday it had entered into an agreement to sell some $824.4 million in non-performing loans to Abbey Finance Holdings PR, LLC, for a discounted amount of $369 million.
Standard & Poor's Ratings Services continued the downgrading streak by credit ratings agencies in recent weeks, by slashing the standing of the Puerto Rico Aqueduct & Sewer Authority and the Government Development Bank on Monday.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA