Top Local News Headlines

These are the top local news stories from News is my Business for Tuesday, May 26, 2015.

HARP extension could help 9K Puerto Rico homeowners

Published 26 May 2015, 5:02 am
More than 9,000 homeowners in Puerto Rico could save an average of $182 a month, or approximately $2,200 a year, on their mortgage loans as the result of the extension through 2016 of the Home Affordable Refinance Program and the Home Affordable Modification Program, federal authorities said this month. Read More →

Panel ponders how to slash region’s high electricity costs

Published 26 May 2015, 5:01 am
In the United States, electricity costs 10¢ to 12¢ per kilowatt-hour (kwh), while in Costa Rica, it’s 15¢ per kwh and higher in Honduras and Nicaragua, Central America’s poorest countries. Read More →

USDA has $10.4M to expand rural econ. development

Published 26 May 2015, 5:00 am
The U.S. Department of Agriculture recently announced it has some $10.4 million in funding available for grants to support rural community economic development. Read More →

GDB president berates Moody’s’ latest credit downgrade

Published 22 May 2015, 5:01 am
Government Development Bank President Melba Acosta came down hard on Moody’s Investors Service’s decision to downgrade the Commonwealth’s credit rating deeper into junk status by saying the move shows “ratings agencies are totally out of tune with what’s happening” in Puerto Rico. Read More →

WorldNet, Microsoft bring ‘Skype for Business’ to island

Published 22 May 2015, 5:00 am
Software giant Microsoft on Thursday announced it has certified locally-owned telecommunications provider WorldNet to offer the “Skype for Business” product, which extends to organizations and government entities a complete unified communications solution, combined with the security, expertise, and support that businesses require. Read More →

García-Padilla presents $9.8B budget for Fiscal ’16

Published 21 May 2015, 5:04 am
Puerto Rico Gov. Alejandro García-Padilla introduced Wednesday the measure paving the way for a $9.8 billion General Fund budget, and a $28.8 billion consolidated budget for Fiscal 2016. Read More →

Microsoft marks 25 years in Puerto Rico, looks to future

Published 21 May 2015, 5:03 am
Microsoft senior executives and government officials gathered Wednesday to celebrate the software giant’s 25th anniversary in Puerto Rico, a history marked by innovation and collaboration to accelerate the growth of the local IT industry and advance socio-economic development. Read More →

Puerto Rico nonprofits create 16% of jobs, $2.2B wages

Published 21 May 2015, 5:02 am
Puerto Rico’s nonprofit organizations have a positive economic impact on the island, producing 150,410 jobs — or 16 percent of all local employment — and some $2.2 billion in wages, according to a study presented Wednesday by the Foundations Network. Read More →

Op-Ed: Puerto Rico’s energy ‘revolution’ marks birthday

Published 21 May 2015, 5:01 am
A year ago, as Puerto Rico welcomed the signing of the Energy Transformation and Relief Act of Puerto Rico (Act 57-2014), I shared my sentiment of great enthusiasm with friends, by quoting the extraordinary anthem of the Beatles 1968 “Revolution.” Read More →

’15 Nissan Murano earns ‘Top Safety Pick Plus’ rating

Published 21 May 2015, 5:00 am
The Insurance Institute for Highway Safety awarded the 2015 Nissan Murano a “Top Safety Pick Plus” vehicle safety rating, which is the group’s highest available ranking. Read More →

Credit unions rack up $1.3B in mortgage loans in 1Q15

Published 20 May 2015, 5:01 am
The Public Corporation for the Supervision of Puerto Rico Cooperatives, or COSSEC as the entity is known in Spanish, said Tuesday that the island’s credit unions approved some $1.3 billion in mortgage and mortgage-related loans during the first quarter of 2015, for a combined portfolio of 18,385 financing agreements. Read More →

AT&T: Smartphone use while driving goes beyond texts

Published 20 May 2015, 5:00 am
Wireless carrier AT&T released the findings of a study that showed that four-in-10 smartphone users tap into social media while driving, almost three-in-10 surf the net, and surprisingly, one-in-10 videochat. Read More →

Puma Energy buys BP’s aviation business in Puerto Rico

Published 19 May 2015, 5:05 am
Puma Energy, the globally integrated midstream and downstream energy company, announced Monday it has signed a purchase agreement with BP to buy its local aviation business in Puerto Rico. Read More →

Ruiz-Comas to step down from Triple-S helm in Jan. ’16

Published 19 May 2015, 5:04 am
Puerto Rico managed care provider Triple-S Management Corp. announced Monday the retirement of Ramón Ruiz-Comas, its president and chief executive officer, effective Jan. 1, 2016. Read More →

New retailers opening at Premium Outlets, other malls

Published 19 May 2015, 5:03 am
Puerto Rico Premium Outlets in Barceloneta is adding several new retailers to its tenant mix in coming months, including new market arrival Forever 21 Red, the clothing company’s lower-priced sister. Read More →

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