Top Local News Headlines

These are the top local news stories from News is my Business for Friday, June 24, 2016.

Lobbying for, against PROMESA heats up in U.S. Senate

Published 24 June 2016, 5:02 am
Lobbying efforts both for and against the approval of the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) bill at the Senate gained steam in Washington Thursday, with public- and private-sector representatives making their case with U.S. Senators. Read More →

WOSO founder Augie Cavallaro, II, dies at 85

Published 24 June 2016, 5:01 am
Augustine "Augie" L. Cavallaro II, founder of WOSO Radio in San Juan, died on June 11, 2016 in West Palm Beach, Florida after a long battle with cancer. He was 85. Read More →

USDA has $52M for new Rural Energy Savings Program

Published 24 June 2016, 5:00 am
The U.S. Department of Agriculture announced Thursday the new Rural Energy Savings Program (RESP) program that that will help rural residents conserve energy and save money on their utility bills. Read More →

Water rate hike looms as lawmakers clash on PRASA bill

Published 23 June 2016, 5:04 am
A yet undefined increase on water rates for residential and commercial customers could come as early as mid-July, if lawmakers are unable to move a bill authorizing financing mechanisms for the cash-strapped Puerto Rico Aqueduct and Sewer Authority, agency officials said Wednesday. Read More →

Public health program kicks off to respond to fiscal crisis

Published 23 June 2016, 5:03 am
This week marked the start of the “Advancing Public Health Leadership in Times of Crisis Program,” which will be conducted through the summer to equip public health leaders with tools respond to Puerto Rico’s on-going fiscal, economic and social crisis, organizers said. Read More →

CBP inaugurates new $10M Aguadilla aircraft facilities

Published 23 June 2016, 5:02 am
U.S. Customs and Border Protection Air and Marine Operations inaugurated Wednesday its new $10 million aircraft hangar and support facilities at the Rafael Hernández International Airport in Aguadilla. Read More →

WorldNet Signs with Blue Coat Inc. for cloud security

Published 23 June 2016, 5:01 am
Blue Coat Systems Inc., a provider of advanced web security solutions for global enterprises and governments, announced Wednesday it has signed an agreement with telecommunications provider WorldNet to offer customized cloud security service to the island’s business sector. Read More →

Builders Assoc., Guayacán join to establish scholarship

Published 23 June 2016, 5:00 am
The Puerto Rico Builders Association and Grupo Guayacán Inc. recently joined forces to establish a scholarship program for the trade group’s members through the Guayacán Fellowships Program. Read More →

P.R. gov’t, creditor talks break off despite trading offers

Published 22 June 2016, 5:05 am
Following the Puerto Rico government’s confirmation Tuesday that negotiations with Rico Sales Tax Financing Corporation (known as COFINA) and General Obligation bondholders had broken off, both creditor groups went public to defend their positions on the ongoing talks. Read More →

P.R. picked for MIT-backed social programs initiative

Published 22 June 2016, 5:04 am
The Abdul Latif Jameel Poverty Action Lab (J-PAL) North America, a research center at MIT, announced Tuesday that Puerto Rico is among five state and local governments that have been selected to participate in the J-PAL State and Local Innovation Initiative. Read More →

700K+ children, youth live in high-poverty areas in P.R.

Published 22 June 2016, 5:03 am
Children and youth in Puerto Rico continue to live in families facing enormous economic challenges, with some 84 percent residing in areas of extreme poverty and the parents of more than half lacking full-time, year-round employment. Read More →

With diplomacy set, patience is key to U.S./Cuba rapport

Published 22 June 2016, 5:02 am
The United States has “moved beyond” the debate over whether it’s time to improve relations with Cuba. Read More →

Insurer ASC launches new 100% online claim service

Published 22 June 2016, 5:01 am
ASC, a Puerto Rico-based insurance company dedicated exclusively to providing compulsory liability insurance for vehicles, announced Tuesday a new service enabling customers to initiate and complete, completely online, the process of submitting a claim, as well as receive payment for the damage the same day of filing a claim. Read More →

P.R. to showcase tax incentives in June 29 NY conference

Published 22 June 2016, 5:00 am
A trio of Puerto Rico-based, private-sector companies will be hosting the “Puerto Rico Tax Incentive Conference” in New York on June 29, to showcase the tax incentives and competitive advantages that make the island “an ideal investment destination.” Read More →

GO bondholders sue P.R. over debt avoidance legislation

Published 21 June 2016, 11:41 am
Certain entities owning Puerto Rico's General Obligation bonds filed a suit in the U.S. District Court for the Southern District of New York today, seeking to invalidate the Emergency Moratorium and Financial Rehabilitation Act enacted by the Commonwealth to delay the repayment of debts. Read More →

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