Dow closes at record after Fed keeps rates intact

NEW YORK — The stock market got the reassurance it wanted from the Federal Reser ...

Vila out as La Fortaleza chief of staff

La Fortaleza Chief of Staff Ingrid Vila is leaving the key political post.

Moody’s downgrades Prepa; cites restructuring, fuel, default clouds

Moody’s Investors Service has cut the Puerto Rico Electric Power Authority’s cre ...

PR TRANs sale will be under NY law

Legislation to clear the way for the Puerto Rico government to sell $900 million ...

Governor rips ‘racist, xenophobic’ ads
Issued: September 17, 2014
Gov. Alejandro García Padilla is firing back at what he calls a “racist and ...

Union, Prepa brass clash over failed Law 66 negotiations
Issued: September 17, 2014
Puerto Rico Electric Power Authority (Prepa) and its main union are clashin ...

Moody’s holds on Prasa, HTA ratings
Issued: September 17, 2014
Moody’s Investors Service has confirmed ratings on the Puerto Rico Highway ...

Judge: 1-day delay in Doral trial
Issued: September 17, 2014
A Puerto Rico judge on Wednesday postponed the start of the trial in the $2 ...

Hernández Mayoral shakes up PRFAA staff
Issued: September 17, 2014
Puerto Rico Federal Affairs Administration chief Juan Eugenio Hernández Mayoral is shaking up the ranks of the island government’s office st ...

Carrión named to FIBA’s central board
Issued: September 17, 2014
Popular Inc. chief Richard Carrión has been named to the central board at basketball’s global governing body FIBA.

Don Omar held in domestic violence case
Issued: September 17, 2014
Puerto Rico reggaeton star Don Omar was arrested Wednesday in the U.S. territory on suspicion of domestic violence, according to police.

HuffPo blog pushes rights in US territories
Issued: September 17, 2014
The leader of organization that pushes for equal rights for the U.S. territories seized on U.S. Constitution Day to spread its message throu ...

Prepa inks $9.7M contract with Donahue and her turnaround team
Issued: September 17, 2014
The Puerto Rico Electric Power Authority on Monday signed a nearly $10 million contract with turnaround boss Lisa J. Donahue.

Feds seize bogus iPhone 6 units in PR
Issued: September 17, 2014
U.S. Customs & Border Protection agents seized two fraudulent iPhone 6 smartphones in Puerto Rico weeks before Apple announced the relea ...

Treasury gets break as Doral trial looms
Issued: September 17, 2014
Doral Financial Corp. has been dealt a legal setback on the eve of the start of the trial in the San Juan-based bank’s $230 million tax figh ...

Fitch keeps Prepa on ‘negative’ watch, says debt restructuring still probable
Issued: September 16, 2014
Fitch Ratings is maintaining its Rating Watch Negative on $8.7 billion of junk-rated Puerto Rico Electric Power Authority (Prepa) power reve ...

Research drones launched into hurricane
Issued: September 16, 2014
MIAMI — U.S. government scientists are launching winged drones into Hurricane Edouard, hoping to collect data that could help forecasters un ...

EPA: $120K to track air pollution
Issued: September 16, 2014
The U.S. Environmental Protection Agency has awarded $120,000 to Desarrollo Integral del Sur Inc. to help identify sources of air pollution ...

more Local news
Eyeing 2016, Rubio pushes American strength abroad
Issued: September 17, 2014
MIAMI — Sen. Marco Rubio called Wednesday for increased U.S. defense spending and greater intervention abroad, positioning himself as the le ...

House grudgingly approves arms for Syrian rebels
Issued: September 17, 2014
WASHINGTON — The Republican-controlled House voted grudgingly to give the U.S. military authority to train and arm Syrian rebels on Wednesda ...

Yellen: Fed balance sheet to take years to shrink
Issued: September 17, 2014
WASHINGTON — Federal Reserve Chair Janet Yellen says "it could take until the end of the decade" to shrink the Fed's record in ...

Red tide off northwest Florida could hit economy
Issued: September 17, 2014
CLEARWATER, Fla. — It's like Florida's version of The Blob. Slow moving glops of toxic algae in the northeast Gulf of Mexico are kil ...

FedEx to add 50,000 seasonal jobs
Issued: September 17, 2014
MEMPHIS, Tenn. — FedEx plans to hire more than 50,000 extra workers to handle another record year for holiday-season package deliveries.

US current account deficit dips to $98.5 billion
Issued: September 17, 2014
WASHINGTON — The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civi ...

US CEOs less optimistic about hiring, spending
Issued: September 16, 2014
WASHINGTON — Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high ...

Trump Plaza shuts down; 4th AC casino to close
Issued: September 16, 2014
ATLANTIC CITY, N.J. — A fourth Atlantic City casino has gone out of business.

Once-troubled reverse mortgages poised for rebound
Issued: September 15, 2014
WASHINGTON — Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing t ...

Speculation swirls over Fed language on rate hike
Issued: September 15, 2014
WASHINGTON — When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two ...

Detroit bankruptcy trial resumes after settlement
Issued: September 15, 2014
DETROIT — A judge refused to extend a timeout Monday in Detroit's bankruptcy trial after a deal with a major creditor removed another op ...

Microsoft to buy Minecraft maker for $2.5 billion
Issued: September 15, 2014
NEW YORK — Microsoft will acquire the maker of the popular game Minecraft for $2.5 billion.

Apple iPhone 6 pre-order demand overwhelms supply
Issued: September 15, 2014
NEW YORK — Apple says it had more than 4 million pre-orders of its new iPhone 6 and iPhone 6 Plus in 24 hours, exceeding its initial pre-ord ...

US wealth gap putting the squeeze on state revenue
Issued: September 15, 2014
WASHINGTON — Income inequality is taking a toll on state governments.

more National news
Argentina peso sags to 15 a dollar on black market
Issued: September 17, 2014
BUENOS AIRES, Argentina — The value of Argentina's peso has hit its lowest level ever on the black market.

Is Scotland and France's 'Auld Alliance' back?
Issued: September 17, 2014
PARIS — As the Scottish decide whether to break from the union with England, the embers of an even older Scottish alliance are being revived ...

Barcelona tops innovative cities contest
Issued: September 17, 2014
NEW YORK — Barcelona, Spain, captured the grand prize in a competition that spurs cities to develop novel approaches to improve urban life, ...

Emotions mount on final day of Scottish campaign
Issued: September 17, 2014
EDINBURGH, Scotland — Excitement and anxiety are mounting in Scotland on the final day of campaigning before an independence referendum.

Sony forecasts $2B loss as smartphones lag
Issued: September 17, 2014
TOKYO — Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after ...

US to assign 3,000 from US military to fight Ebola
Issued: September 16, 2014
ATLANTA — Under pressure to ramp up the U.S. response to the Ebola crisis, President Barack Obama is ordering 3,000 U.S. military personnel ...

US silent on Venezuela's Security Council bid
Issued: September 16, 2014
WASHINGTON — The Obama administration is declining to say whether it will oppose Venezuela's bid to grab a non-permanent seat on the Uni ...

Alibaba investors beware: History not on your side
Issued: September 16, 2014
WASHINGTON — Chinese e-commerce giant Alibaba is about to launch what may prove the biggest initial public stock offering ever. Yet anyone w ...

Generation gap: Young Scots favor independence
Issued: September 15, 2014
GLASGOW, Scotland — Across Scotland, dinner table talk is getting heated as families argue over how to vote in Scotland's independence r ...

Migrant group: 500 feared dead after boat rammed
Issued: September 15, 2014
GENEVA — About 500 Syrians, Palestinians, Egyptians and Sudanese are feared to have died after their boat was rammed and sank off the Malta ...

China creates its first no-cellphone sidewalk lane
Issued: September 15, 2014
BEIJING — Taking a cue from an American TV program, the Chinese city of Chongqing has created a smartphone sidewalk lane, seemingly offering ...

China's industrial output slows to 6.9%
Issued: September 15, 2014
BEIJING — China's factory output in August slowed to 6.9 percent from a year earlier amid waning export demand and a slump in real estat ...

Problems seen with new Argentine debt payment law
Issued: September 14, 2014
BUENOS AIRES, Argentina — A law designed to restructure Argentina's debt and sidestep a U.S. court ruling that pushed the government int ...

Scottish independence could mean messy divorce
Issued: September 14, 2014
LONDON — How do you divorce after a 300-year union? It’s complicated, and there is a deadline.

more International news