Business News Puerto Rico

  • WASHINGTON, Aug 28- President Donald Trump on Wednesday struck out at a U.S. territory facing the destructive threat of Tropical Storm Dorian and financially limping under a massive bankruptcy filing, saying that Puerto Rico has misspent federal funds it received to help recover from devastating hurricanes in 2017.. "Puerto Rico is one of the most corrupt...

  • Old San Juan, the original capital city of San Juan, Puerto Rico.

    Tropical Storm Dorian threatened Puerto Rico with a direct hit at near-hurricane force on Wednesday and forecasters said it could strengthen further as it approaches the U.S. mainland.

  • BRIDGETOWN, Barbados, Aug 27- Tropical Storm Dorian churned toward Puerto Rico and the Dominican Republic on Tuesday and was expected to be close to hurricane strength when it nears the islands on Wednesday. President Donald Trump declared a state of emergency late on Tuesday for Puerto Rico, a U.S. territory that was devastated by Hurricanes Irma and Maria in...

  • BRIDGETOWN, Aug 27- Tropical Storm Dorian churned toward Puerto Rico and the Dominican Republic on Tuesday and was expected to be close to hurricane strength when it nears the islands on Wednesday. In anticipation of the storm, Puerto Rico Governor Wanda Vazquez declared a state of emergency late on Monday for the U.S. territory, which was devastated in...

  • BRIDGETOWN, Barbados, Aug 27- Puerto Rico and the Dominican Republic braced for tropical storm Dorian on Tuesday as it churned west-northwest, with officials cautioning that it could approach hurricane-strength on Wednesday after blowing over Barbados. "Slow strengthening is forecast during the next 48 hours, and Dorian is forecast to be near hurricane...

  • Popeyes, the Cajun-inspired fast food chicken chain owned by Restaurants Brands International Inc, took social media by storm when it introduced its chicken sandwich and now customers from around the country are lining up for a chance to taste the new sandwich. Popeyes launched its fried chicken sandwich on a buttered brioche bun with pickles on Aug. 12.

  • SAN JUAN, Aug 8- The revolving door at the governor's office in Puerto Rico may finally stop with Wanda Vazquez, the newly sworn-in chief executive of the bankrupt U.S. territory, who said on Thursday she has no plans to resign. In a series of interviews with local media, Puerto Rico's former justice secretary denied reports that she had agreed to resign soon to allow...

  • SAN JUAN, Aug 7- Puerto Rico got its third governor in less than a week on Wednesday just hours after the bankrupt U.S. territory's supreme court ruled that Pedro Pierluisi's assumption of the office was unconstitutional and ordered him to leave. The island's justice secretary, Wanda Vazquez, was sworn in as governor at the supreme court in San Juan.

  • SAN JUAN, Aug 7- Puerto Rico got its third governor in less than a week on Wednesday just hours after the bankrupt U.S. territory's supreme court ruled that Pedro Pierluisi's assumption of the office was unconstitutional and ordered him to leave. "This is a time when we must all unite for Puerto Rico, leaving behind any partisan, ideological or personal agendas," he...

  • SAN JUAN, Aug 7- Puerto Rico will get its third governor in less than a week on Wednesday just hours after the bankrupt U.S. territory's supreme court ruled that Pedro Pierluisi's assumption of the office was unconstitutional. Justice Secretary Wanda Vazquez will be sworn in as governor at 5 p.m. local time at the supreme court in San Juan, according to an advisory...

  • Pedro Pierluisi, nominee for Puerto Rico secretary of state, center, speaks during a news conference in San Juan, Puerto Rico, on Friday, Aug. 2, 2019.

    Puerto Rico will get its third governor in less than a week on Wednesday just hours after the bankrupt U.S. territory's supreme court ruled that Pedro Pierluisi's assumption of the office was unconstitutional.

  • SAN JUAN, Aug 7- The Puerto Rico Supreme Court on Wednesday ruled that last week's swearing in of Pedro Pierluisi as governor was unconstitutional and that he must leave office later in the day, paving the way for Justice Secretary Wanda Vazquez to succeed him. His swearing in as governor came after only the Puerto Rico House of Representatives, in a special...

  • SAN JUAN, Aug 7- The Puerto Rico Supreme Court on Wednesday ruled that last week's swearing in of Pedro Pierluisi as governor was unconstitutional and that he must leave office later in the day. Under Puerto Rico law, Justice Secretary Wanda Vazquez is next in line for governor. On Sunday, Senate President Thomas Rivera Schatz filed a lawsuit claiming his...

  • New York, joined by financial regulators from 10 states and Puerto Rico, sent letters to payroll advance companies requesting information, the New York Department of Financial Services said. "High-cost payroll loans are scrutinized closely in New York, and this investigation will help determine whether these payroll advance practices are usurious and...

  • Aug 6- The payroll advance industry is under investigation by New York's financial regulator and other states over whether its companies are charging usurious interest rates and engaging in potential violations of payday lending laws, the regulator said on Tuesday. New York, joined by financial regulators from ten states and Puerto Rico, sent letters to...

  • SAN JUAN, Aug 5- The future of Pedro Pierluisi as Puerto Rico's governor will be up to the U.S. territory's supreme court after the island's Senate on Monday declined to vote on his confirmation, adding to the political turmoil that has swirled for weeks. During a special session, Senate President Thomas Rivera Schatz said the lack of a vote by his chamber was...

  • SAN JUAN, Aug 5- Puerto Rico's supreme court agreed on Monday to hear a lawsuit filed by the bankrupt U.S. territory's Senate president seeking to remove newly installed Governor Pedro Pierluisi from office on constitutional grounds. After his nomination was confirmed by the Puerto Rico House, Pierluisi was sworn in as governor on Friday, even though the Senate...

  • After his nomination was confirmed by the Puerto Rico House, Pierluisi was sworn in as governor on Friday, even though the Senate had yet to ratify the appointment. The Senate was to meet in a special session later on Monday. "If the Senate decides to take any type of voting action on my governorship, I will respect the result of such vote," Pierluisi said in a Twitter...

  • Aug 5- Tyson Foods Inc said on Monday it has not yet reaped major financial gains from a swine disease that has killed millions of hogs in China and is expected to create a global shortfall in pork. The lack of profits linked to African swine fever in China keeps investors and American farmers waiting to benefit from the outbreak, as the U.S. pork industry faces...

  • But late on Sunday, Puerto Rico Senate President Thomas Rivera Schatz sued Pierluisi in a San Juan court, claiming he usurped the office by ignoring a constitutional requirement for the Senate to vote to confirm him, the Journal reported. Pierluisi, a lawyer who formerly advised the despised, federally-created board supervising Puerto Rico's bankruptcy, was...