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News from Puerto Rico as of



Puerto Rico Transportation Authority to borrow $1.75 billion February 10, 2007
NEW YORK, USA (Bloomberg): Puerto Rico's Highways and Transportation Authority will sell $1.73 billion of revenue-backed bonds next week, most of which will be used to refinance debt, a government official said Friday. read more..

Former political party officials in Puerto Rico sentenced to five years in prison February 1, 2007
WASHINGTON, USA: Two residents of Puerto Rico were each sentenced to five years in prison for their involvement in a scheme to extort a group of contractors in connection with the Superaqueduct construction project along the north coast of Puerto Rico. read more..

Seven doctors indicted in Puerto Rico January 31, 2007
SAN JUAN, Puerto Rico: Drug Enforcement Agency (DEA) officials on Monday announced the indictment of seven doctors licensed to practice medicine in Puerto Rico. Charges include conspiracy to distribute controlled substances, wire fraud, and money laundering. read more..

Scotiabank may buy Puerto Rico's First BanCorp January 30, 2007
TORONTO, Canada (Bloomberg): Bank of Nova Scotia, Canada's third-largest bank, has offered to buy First BanCorp of Puerto Rico, UBS Canada analyst Jason Bilodeau said, citing an article in the Caribbean Business weekly newspaper. read more..

Arroyo ready to spark Puerto Rico past US stars again January 29, 2007
ORLANDO, USA (AFP): Carlos Arroyo led Puerto Rico to a stunning upset of the United States at the 2004 Olympics and the Orlando Magic guard is planning on repeating the feat in 2008 Beijing Olympics qualifying. read more..

World's oldest person dies in Puerto Rico at 115 January 25, 2007
SAN JUAN, Puerto Rico (AFP): The world's oldest person, Emiliano Mercado del Toro, died Wednesday in his Puerto Rico home at the age of 115, his family said. read more..

Puerto Rico's Advanced Cardiology Center files for bankruptcy January 11, 2007
WILMINGTON, USA (Bloomberg): Advanced Cardiology Center Corp., the operator of a hospital in Mayaguez, Puerto Rico, filed for bankruptcy protection to avoid lawsuits by creditors. The 20 largest unsecured creditors are owed $12.4 million. read more..

Puerto Rico company quits sub-prime mortgages, cuts over 600 jobs January 11, 2007
NEW YORK , USA (Bloomberg): Popular Inc., owner of Puerto Rico's biggest bank, will close its sub-prime lending unit, a move that will cost the company $39 million in charges and about 627 people their jobs. read more..

Puerto Rico lender's shares plummet after ratings cut January 6, 2007
NEW YORK, USA (Bloomberg): Shares of Doral Financial Corp., Puerto Rico's largest mortgage lender, dropped 9.8 percent as two bond services lowered their ratings on the company's senior debt. read more..

Chairman of Puerto Rico lender resigns over financial plan January 4, 2007
NEW YORK, USA (Bloomberg): Doral Financial Corp., Puerto Rico's largest mortgage lender, said John Ward has resigned as chairman of the board in a dispute over how to raise capital and "address the continued viability of the company." read more..

Puerto Rico mortage lender posts loss, says it needs 'significant' capital December 30, 2006
NEW YORK, USA (Bloomberg): Doral Financial Corp., Puerto Rico's biggest mortgage lender, has posted a $28.7 million loss for the third quarter and said it "will need significant outside financing" to pay debt due next year. read more..

Court victory for ex-Puerto Rico governor December 29, 2006
SAN JUAN, Puerto Rico (Reuters): A Puerto Rican judge ruled on Thursday there was not enough evidence for criminal charges against former Gov. Pedro Rossello, accused of falsifying documents to obtain a higher pension. read more..

Puerto Rican ex-governor accused of pension fraud December 16, 2006
SAN JUAN, Puerto Rico (Reuters): The Puerto Rico Justice Department presented charges to a court on Friday accusing former Gov. Pedro Rossello of falsifying documents to obtain a higher pension. read more..

Puerto Rico wireless provider files for bankruptcy with plan to sell assets December 2, 2006
WILMINGTON, USA (Bloomberg): NewComm Wireless Services Inc., a closely held provider of cellular-phone services in Puerto Rico, has filed for bankruptcy protection with a plan to sell its assets to PRWireless Inc. for about $103.2 million. read more..

Puerto Rico send China out of volleyball championships November 23, 2006
SAITAMA, Japan (AFP): Puerto Rico sent Asian silver medallists China out of the competition with a four-set victory in the men's world volleyball championships on Wednesday. read more..

Puerto Rico textile plant to close November 17, 2006
WINSTON-SALEM, USA: Hanesbrands Inc. announced on Wednesday that it will close its Ponce, Puerto Rico, textile manufacturing plant and move production to existing lower-cost production capacity in the Caribbean basin. read more..

US Coast Guard takes fingerprints of illegal immigrants November 14, 2006
WASHINGTON, USA (AFP): The US Coast Guard is taking pictures and fingerprints of all illegal immigrants it stops between Dominican Republic and Puerto Rico to better identify unwanted people, the Department of Homeland Security said Monday. read more..

Roy Jones comeback fight against Puerto Rico's Siaca called off November 8, 2006
PHILADELPHIA, USA (AFP): A planned light-heavyweight comeback fight for Roy Jones here on December 9 against Puerto Rico's Manny Siaca has been called off, organisers announced Tuesday. read more..

Puerto Rico 'virtual' phone numbers now available to US customers November 7, 2006
CELEBRATION, USA: VoX Communications Corp. has announced the launch of an Hispanic-targeted advertising campaign promoting the availability of Puerto Rico virtual telephone numbers. read more..

Puerto Rico's Doral names new financial chief November 3, 2006
SAN JUAN, Puerto Rico (Bloomberg): Doral Financial Corp., Puerto Rico's largest mortgage lender, has named Marangal Domingo as its chief financial officer to replace Lidio Soriano, who resigned. read more..

The Puerto Rico Tourism Company spices up the Latin GRAMMY(r) Awards October 31, 2006
SAN JUAN, Puerto Rico: This year, the 7th Annual Latin GRAMMY® Awards to be held in New York City, will be celebrated with a series of events that highlight the unique cuisine, high-end fashion, rich culture and history of Puerto Rico. read more..

Puerto Rico's Delgado receives Roberto Clemente honour October 25, 2006
ST. LOUIS, USA (AFP): Puerto Rico's Carlos Delgado was named the winner of Major League Baseball's Roberto Clemente Award on Tuesday for combining outstanding performance on the field with humanitarian work. read more..

Puerto Rico's Doral has $33.8m first-half loss October 24, 2006
NEW YORK, USA (Reuters): Doral Financial Corp., one of at least four Puerto Rican lenders to restate results after improperly accounting for mortgage-related transactions, on Monday reported a $33.8 million loss for the first half of 2006. read more..

AES settles suit against Alstom over Puerto Rico power plant October 24, 2006
WILMINGTON, USA (Bloomberg): AES Corp., an electricity producer in 26 countries, has settled a lawsuit that sought $40 million from France's Alstom SA over pollution-control equipment for a power plant in Puerto Rico. read more..

New York investment firm to purchase WAPA-TV in Puerto Rico October 20, 2006
NEW YORK, USA: InterMedia Partners, L.P., a New York-based private equity firm, announced on Thursday that it has agreed to purchase WAPA-TV, a full-power independent television station located in San Juan, Puerto Rico. read more..

Puerto Rico leads tax-exempt borrowers with 9-month note sale October 20, 2006
NEW YORK, USA (Bloomberg): Puerto Rico led borrowers in the US municipal debt market on Wednesday as it sold notes maturing in nine months to fund operations and augment cash flow. read more..

Puerto Rico could host Americas hoop qualifier for Beijing October 18, 2006
SAN JUAN, Puerto Rico (AFP): The FIBA Americas executive committee will decide on Thursday between San Juan and Las Vegas, Nevada, as host for the 2007 tournament to decide qualifiers for the 2008 Beijing Olympics. read more..

OECS opens new office in Puerto Rico October 18, 2006
SAN JUAN, Puerto Rico: Member countries of the Organisation of Eastern Caribbean States (OECS) now have an office, with consular attributes, at their disposal in Puerto Rico to be used as a base for stimulating trade, tourism and investment promotion. read more..

AES seeks $40m from Alstom over Puerto Rico power plant October 17, 2006
WILMINGTON, USA (Bloomberg): AES Corp., a power producer in 26 countries, is seeking $40 million from France's Alstom SA in a trial of a warranty dispute that began Monday in federal court in Delaware. read more..

Puerto Rico could become host for Olympic hoop qualifying October 12, 2006
SAN JUAN, Puerto Rico (AFP): The United States or Puerto Rico could replace Venezuela as host for next year's Americas qualifying event for the 2008 Beijing Olympics basketball tournament, FIBA Americas officials said. read more..

Microsoft opens optical media plant in Puerto Rico October 6, 2006
HUMACAO, Puerto Rico: Microsoft Corporation, a global leader in computer software, services and technologies, on Thursday inaugurated its new optical media plant in Humacao, Puerto Rico. read more..

48 migrants trying to reach Puerto Rico rescued October 2, 2006
SANTO DOMINGO, Dominican Republic (AFP): Forty-eight illegal immigrants trying to reach the US territory of Puerto Rico were rescued by Dominican and US authorities when their boat capsized, a report said Sunday. read more..

OECS tourism ministers to meet in Puerto Rico September 30, 2006
CASTRIES, St Lucia: The 4th meeting of the OECS Council of Tourism Ministers is to take place in Puerto Rico. The three day meeting begins on Wednesday October 4 with OECS Directors of Tourism discussing issues such as enhanced collaboration in marketing. read more..

Puerto Rico wants stronger trade ties with Trinidad and Tobago September 28, 2006
PORT OF SPAIN, Trinidad: Puerto Rico is said to be one of the countries in the region that now suffers from a critical trade imbalance and is seeking to increase trade with Trinidad and Tobago, Barbados, and other countries in the region. read more..

Puerto Ricans edge China in overtime at world basketball August 23, 2006
SAPPORO, Japan (AFP): China's quest to reach the playoff rounds of the World Basketball Championship suffered a huge setback Tuesday with a 90-87 overtime loss to Puerto Rico, keeping the Asian champions winless. read more..

Anthony leads US past Puerto Rico in world basketball opener August 21, 2006
SAPPORO, Japan (AFP): Carmelo Anthony was scoring so well Saturday in a 111-100 US victory over Puerto Rico at the World Championships that the basketball found its way into his hands even when he was not playing. read more..

NBA's Arroyo sparks Puerto Rico past stubborn Senegal August 21, 2006
SAPPORO, Japan (AFP): Puerto Rico, sparked by 29 points from National Basketball Association guard Carlos Arroyo, rallied twice in the second half Sunday to beat Senegal 88-79 at the World Basketball Championships. read more..

Puerto Rico to host first NHL game August 12, 2006
TORONTO, Canada (Reuters): The NHL will make its first visit to the Caribbean and last year's rookie sensation Sidney Crosby and the Phoenix Coyotes will return home for pre-season games, the league said on Thursday. read more..

Magath offered Puerto Rico post August 7, 2006
MUNICH, Germany (AFP): Bayern Munich coach Felix Magath revealed Sunday that Puerto Rico had approached him about becoming the country's team director in the build-up to the 2010 World Cup in South Africa. read more..

Puerto Rican teenager wins Miss Universe crown July 25, 2006
LOS ANGELES, USA (AFP): A tearful Miss Puerto Rico, Zuleyka Rivera, was crowned Miss Universe 2006 on Sunday, the fifth time the crown has gone to a woman from the US island territory in the Caribbean. "The truth is, I still do not believe it," the 18-year-old student and model said after she was crowned. read more..

Puerto Rico's debt is spared from possible ratings cut July 21, 2006
NEW YORK, USA (Bloomberg): Puerto Rico's credit rating on $17.5 billion debt was spared from a potential cut by Standard & Poor's after the Caribbean island commonwealth approved a $9.5 billion budget with a new sales tax. read more..

US indicts Puerto Rico utility for 'environmental crimes' June 23, 2006
WASHINGTON, USA (AFP): The US government has indicted a Puerto Rico utility company for "environmental crimes", and sealed a deal with the utility which will see it pay a record nine million dollar fine for partly polluting US waters. read more..

Puerto Rico's Cotto scores brutal win over Malignaggi June 12, 2006
NEW YORK, USA (Reuters): Miguel Cotto of Puerto Rico scored a unanimous 12-round decision over American Paulie Malignaggi to retain his WBO junior welterweight title Saturday night at Madison Square Garden. read more..

Schering-Plough closes Puerto Rico plant, fires 1,100 June 2, 2006
CHICAGO, USA (Bloomberg): Schering-Plough Corp. is cutting 1,100 jobs, closing one manufacturing plant in Puerto Rico and streamlining operations at other plants there and in New Jersey. read more..

Petrobras to sell $500m of fuel oil to Puerto Rico generator May 29, 2006
RIO DE JANEIRO, Brazil (Bloomberg): Petroleo Brasileiro SA, Brazil's state-controlled oil company, has agreed to sell $500 million of fuel oil to the Puerto Rico Electric Power Authority, the island's state-controlled energy generator. read more..

US jobless claims jump 42,000 after Puerto Rico shutdown May 19, 2006
WASHINGTON, USA (AFP): New claims for US unemployment benefits surged by 42,000 last week to 367,000, largely due to a partial government shutdown in Puerto Rico, the Labor Department said Thursday. read more..

Puerto Rico reaches budget agreement May 12, 2006
SAN JUAN, Puerto Rico (UPI): Puerto Rico has brokered a deal to end the budget crisis gripping the Caribbean island, El Nuevo Dia reported Thursday. read more..

Puerto Rico searches for budget fix May 10, 2006
SAN JUAN, Puerto Rico (UPI): The Puerto Rican government has agreed to heed a commission's findings on a budget crisis griping the island, El Nuevo Dia reported Tuesday. read more..

Puerto Rico’s vision for responsible tourism May 9, 2006
SAN JUAN, Puerto Rico: Unlike other Caribbean countries, tourism is not the bread and butter industry on the island of Puerto Rico. Manufacturing takes pride of place in the local economy. That provides even more competition for the hospitality industry's growing need for workers. read more..

Puerto Rico government shut down by financial crisis May 2, 2006
SAN JUAN, Puerto Rico (UPI): Some 95,000 Puerto Ricans found themselves without jobs Monday when the government shut down a number of offices and schools. read more..

Stranded tanker refloated south of Puerto Rico May 1, 2006
MIAMI, USA (AFP): Authorities refloated a freighter carrying more than 300,000 barrels of oil on Friday, a day after it ran aground south of the US Caribbean commonwealth of Puerto Rico, and there were no signs of a spill, the US Coast Guard said. read more..

Oil tanker runs aground off Puerto Rico April 28, 2006
MIAMI, USA (AFP): A freighter carrying more than 300,000 barrels of oil ran aground Thursday south of the US Caribbean commonweath of Puerto Rico, but there were no immediate signs of spillage, the US Coast Guard said. read more..

Puerto Rico's bond rating may be cut March 23, 2006
NEW YORK, USA (Bloomberg): Puerto Rico, a U.S. commonwealth with more per-capita debt than any of the 50 states, may have its bond rating cut to near junk status because of chronic budget deficits and reliance on borrowing to plug the gaps, Standard & Poor's said. read more..

US high court denies Puerto Rico voting right March 21, 2006
WASHINGTON, USA (AFP): The US Supreme Court rejected Monday a bid to give residents of the US Commonwealth of Puerto Rico the right to vote in US presidential elections. read more..

Cubans edge Puerto Rico to reach World Baseball Classic semis March 17, 2006
SAN JUAN, Puerto Rico (AFP): Cuba's gifted baseball team proved itself the equal of Major League Baseball's elite stars by edging Puerto Rico 4-3 here Wednesday to reach the World Baseball Classic semi-finals. read more..

Venezuelans rip Puerto Rico to set up World Baseball showdowns March 15, 2006
SAN JUAN, Puerto Rico (AFP): Victor Martinez hit a grand slam home run in the eighth inning to power Venezuela past Puerto Rico 6-0 here Monday in the World Baseball Classic, inflicting the first defeat on the hosts. read more..

Puerto Ricans rip Domincan Republic, stay perfect in world baseball event March 14, 2006
SAN JUAN, Puerto Rico (AFP): Jose Cruz knocked in three runs and Puerto Rico remained unbeaten in the World Baseball Classic by defeating Dominican Republic 7-1 in a second-round match here Sunday. read more..

Puerto Ricans pound Cuba 12-2 in World Baseball Classic March 13, 2006
SAN JUAN, Puerto Rico (AFP): Home runs by Bernie Williams, Carlos Beltran and Alex Cintron powered Puerto Rico past Cuba 12-2 here Friday in the World Baseball Classic, keeping the hosts unbeaten in the event. read more..

Puerto Ricans stay unbeaten by dumping Dutch in World Baseball March 10, 2006
SAN JUAN, Puerto Rico (AFP): Carlos Beltran, Ivan Rodriguez and Javy Lopez each smashed home runs to power Puerto Rico past the Netherlands 8-3 here Wednesday to remain unbeaten in the World Baseball Classic. read more..

Puerto Ricans edge Panama 2-1 in World Baseball Classic March 9, 2006
SAN JUAN, Puerto Rico (AFP): Alex Rios homered and Bernie Williams singled in the winning run in the fifth inning to lift Puerto Rico past Panama 2-1 here Tuesday in a Pool C opener at the World Baseball Classic. read more..

Puerto Rico's Cotto stops Branco March 7, 2006
BAYAMON, Puerto Rico (AFP): Puerto Rico star Miguel Angel Cotto retained his WBO junior welterweight title Saturday night, stopping Italian challenger Gianluca Branco in the eighth round. read more..

FBI says Puerto Rico sweep aimed at stopping domestic terror February 13, 2006
MIAMI, USA (AFP): The Federal Bureau of Investigation has launched a sweep in the US Caribbean commonwealth of Puerto Rico, saying it was needed to stop a "potential domestic terrorist attack." read more..

Some Puerto Ricans fighting for statehood February 8, 2006
WASHINGTON, USA (UPI): Puerto Ricans in support of becoming the 51st state in the United States have launched a campaign for the U.S. Congress to vote on the issue. read more..

Beltran, Delgado, Molinas pace Puerto Rican baseball lineup

Wednesday,  January 18, 2006

SAN JUAN, Puerto Rico (AFP): Outfielders Carlos Beltran and Bernie Williams and first baseman Carlos Delgado headlined a list of 60 players named Monday to Puerto Rico's team in the inaugural World Baseball Classic... read more...


US to play Puerto Rico to open world basketball championships

Monday,  January 16, 2006

TOKYO, Japan (AFP): Three-time champions the United States were drawn to take on Puerto Rico to open the world men's basketball championships which get under way this August in four cities in Japan.  A total of 24 countries and regions were divided into four preliminary groups for the tournament from August 19 to September 3... read more...


Skin care products manufacturer expands Caribbean distribution

Friday,  January 13, 2006

CHESTER, USA: Vista Group Incorporated announced on Thursday that it will begin distribution of Rainforest Preserve to Puerto Rico and the Caribbean. Rainforest Preserve is a natural skin care line manufactured with volcanic clays unique to the lava fields of Costa Rica... read more...


Puerto Rico attorney charged with obstruction of justice

Thursday,  January 12, 2006

WASHINGTON, USA: A federal grand jury in Puerto Rico on Wednesday indicted a San Juan attorney for interfering with federal investigations into kickback schemes used to defraud a Puerto Rico restaurant company, the Department of Justice announced... read more...


More news from Puerto Rico...