Puerto Rico

Type: Country
Name: Puerto Rico
population: 3,940,280
First reported 16 hours ago - Updated 25 mins ago - 2 reports

Paulson & Co. Buys American International Plaza

Paulson & Co reported that it has acquired American International Plaza, located at 250 Munoz Rivera Avenue in San Juan, Puerto Rico. In a release Paulson noted that the property was acquired from AIG, the original developer of the building. Terms of ... [Published Individual.com - 25 mins ago]
First reported Aug 18 2014 - Updated 8 hours ago - 4 reports

WPX Energy Aims to Expand Margins, Focus on Oil Assets

Independent oil & gas operator WPX Energy Inc. ( WPX - Snapshot Report ) in a quest to expand margins has decided to sell its mature coalbed methane holdings and expand its high growth San Juan oil assets by more than 50%.  The intention simply is to ... [Published Zacks.com - 8 hours ago]
First reported 13 hours ago - Updated 9 hours ago - 2 reports

Hawaii and US island territories turn to LNG to expand fuel diversity: EIA

Hawaii and several US island territories increasingly view imported LNGas a viable option for expanding their fuel diversity, the US EnergyInformation Administration said Tuesday.LNG use is expanding because relatively low US natural gas prices and t ... [Published Platts - 9 hours ago]
First reported 14 hours ago - Updated 10 hours ago - 3 reports

Fitch: PREPA Restructuring Still Probable Despite Forbearance Agreements

Fitch Ratings believes that a restructuring of Puerto Rico ElectricPower Authority's (PREPA) debt obligations remains likely. Theforbearance agreements between PREPA and certain of its creditors(including bondholders) signed on Aug. 14 provide only temporary ... [Published Myrtle Beach Sun News - 10 hours ago]
First reported 12 hours ago - Updated 11 hours ago - 2 reports

Ruptured pipe spills oil into Utah’s San Juan River

A pipeline break last week near Montezuma Creek in Utah’s southeast corner leaked a small amount of oil into the San Juan River.A rock slide on Thursday ruptured a flow line serving a well in the aging Aneth oil field, operated by Denver-based Resolute ... [Published Salt Lake Tribune - 11 hours ago]
First reported Aug 18 2014 - Updated 14 hours ago - 2 reports

Start of Panalpina's "Caribbean Star" Air Freight Service

The Panalpina Group is expanding its global air freight network to include a unique service from San Juan to Europe. The new end-to-end service direct from Puerto Rico to Luxembourg and Europe will operate in close collaboration with Cargolux.This weekly ... [Published Österreichische Verkehrszeitung - 20 hours ago]
First reported Aug 18 2014 - Updated 15 hours ago - 2 reports

Puerto Rico Buoys Hedge Funds After Agency Reprieve

Bloomberg – Puerto Rico bonds are extending the longest rally since May after the island’s cash-strapped electric agency won a reprieve from restructuring assets. Hedge funds, with a growing stake in the securities, stand to gain.Puerto Rico obligations ... [Published HedgeCo - 15 hours ago]
First reported 23 hours ago - Updated 16 hours ago - 3 reports

M 3.4 - Caribean Sea Dominican Republic [San Juan] Punta Cana

Preliminary Earthquake Report: Date/Time: 19.08.2014 07:37:35 UTC Magnitude: M 3.4 Mercalli Scale: 1 Depth: 9km Coordinate: 19° 48.000, 68° 0.600 Additional data: Local time in the epicenter: Tuesday, August 19, 2014 at 03:37 at night at ... [Published RSOE EDIS - Earthquake Report > M 2.5 - 16 hours ago]
First reported Aug 18 2014 - Updated Aug 19 2014 - 2 reports

US mulls Federal Trade Zone status for Neolpharma Puerto Rico plant

US authorities are reviewing a Neolpharma request for tax breaks for APIs imported to a former Pfizer-owned plant it operates in Puerto Rico.In an announcement this week the US Department of Commerce said it has accepted and begun a review of Mexico-based ... [Published In-Pharmatechnologist - Aug 19 2014]
First reported Aug 18 2014 - Updated Aug 19 2014 - 4 reports

Puerto Rico : JOHN PAULSON makes another high-profile purchase in PUERTO RICO

New York hedge fund billionaire John Paulson has made another high-profile acquisition in Puerto Rico, which is pushing to entice more investors to the U.S. territory. His investment company declared that it bought American International Plaza from the, ... [Published TVNewsCheck - Aug 19 2014]
First reported Aug 18 2014 - Updated Aug 18 2014 - 4 reports

WPX High-Grades Portfolio

Swaps mature coalbed methane for San Juan oil TULSA, Okla. - WPX Energy (NYSE:WPX) announced today that it has executed multiple agreements to deepen the company's investment opportunities as it focuses on margin improvement.The transactions, which are ... [Published Noodls - Aug 18 2014]
First reported Aug 18 2014 - Updated Aug 18 2014 - 2 reports

Latin American Herald Tribune - Businessman Pleads Guilty to Bribing Puerto Rico Judge

SAN JUAN -- Puerto Rico businessman Lutgardo Acevedo-Lopez pleaded guilty Friday to bribing Puerto Rico Superior Court Judge Manuel Acevedo-Hernandez, who presided over the businessmans vehicular homicide trial and acquitted him of all charges.Assistant ... [Published DailyMe.Com - Aug 18 2014]

Quotes

"We have a lot better things we can do with that money" Boch said
The graph below shows the peer group's debt/EBITDA ratios. As stated earlier, ARCP has the "catch upup to accomplish, which should lower their leverage to a more sustainable level. ARCP has a stated debt/EBITDA target of approximately 6.5x, which is a comfortable level (although a 6x "through the cycle" target would be better in my opinion). ARCP's "pro-forma net debt to annualized adjusted EBITDA" for Q2 2014 was 6.3x."
"We remain optimistic about the future of the San Juan real estate market including the office, residential and hotel sectors" said Michael Barr, senior real estate partner at Paulson
"Without this program, I would not be here. I would probably be 6 feet under" Elizabeth Moore told the commission

More Content

All (9332) | News (7416) | Reports (0) | Blogs (1689) | Audio/Video (3) | Fact Sheets (142) | Press Releases (76)
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Lawyer: Makati is 'chop-chop capital of the Phi... [Published ABS-CBN News - 7 mins ago]
San Juan reinstates ban against franchise busin... [Published Hollister Freelance - 7 mins ago]
San Juan officials want roundabout with 27-lot ... [Published Hollister Freelance - 7 mins ago]
Should You Buy American Realty Capital Properti... [Published Seeking Alpha - 13 mins ago]
Savannah’s Mark Silvers to compete in Big Break... [Published WJCL ABC 22 - 22 mins ago]
Paulson & Co. Buys American International Plaza [Published Individual.com - 25 mins ago]
Fitch: Monolines Can Add Value Even with A Cate... [Published Insurance News Net - 28 mins ago]
Fitch: Monolines Can Add Value Even with A Cate... [Published Individual.com - 32 mins ago]
Police stop motorist, find loaded handgun, hero... [Published The Palm Beach Post - 57 mins ago]
Port Stephens Yacht Club set to sail in sister ... [Published Port Stephens Examiner - 1 hour ago]
TinCaps Fall 5-1 In Key Game Against Loons [Published WANE-TV - 1 hour ago]
Majority of people who spoke to San Juan County... [Published Farmington Daily Times - 1 hour ago]
San Juan sets up reverse osmosis station for pu... [Published Hollister Freelance - 2 hours ago]
San Juan joins Hollister, county with BLM criti... [Published Hollister Freelance - 2 hours ago]
Staying healthy in the fields [Published Recorder.com - 2 hours ago]
Clarion NX404 Navigation Receiver Review [Published Performance Auto & Sound - 2 hours ago]
NY Employers Likely To Respect NJ’s New ‘Ban Th... [Published Littler - 3 hours ago]
Back in the Day — Aug. 20, 2014 [Published Goanacortes.com - 4 hours ago]
The American Cancer Society's Hope Lodge Buffal... [Published The Hamburg Sun - 4 hours ago]
Relay for Life: new date, new venue, same missi... [Published Sanjuanjournal.com - 4 hours ago]
2 Austin, TX, Self-Storage Facilities Change Hands [Published Inside Self-Storage - 4 hours ago]
The Campaign to Retire 21 Moving Forward and On... [Published Huffington Post - 4 hours ago]
Caribbean must work together to address rum sub... [Published Barbados Advocate - 4 hours ago]
Utah man sought on warrant in Farmington robbery [Published Farmington Daily Times - 4 hours ago]
First-year UNM medical students worked with pat... [Published Farmington Daily Times - 5 hours ago]
Durango Blues Train Rides Again This Weekend [Published Vail Business Journal - 5 hours ago]
2 arrested in Natomas birthday party shooting [Published Sacramento Bee - 5 hours ago]
PANDORA Jewelry and Disney Announce New Partner... [Published Chip and Co - 5 hours ago]
Aeropostale's Geiger to Rejoin Company as CEO [Published Display & Design Ideas - 5 hours ago]
USVI joins Caribbean Challenge Initiative to co... [Published Caribbean News Now! - 5 hours ago]
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Blogs

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Obamacare Causing Health Cost Increases for Bus... [Published Washington Free Beacon - 9 hours ago]
Businesses are paying more to provide health insurance to their workers, according to the Federal Reserve Bank of New York. The Daily Caller reports : A majority of businesses  surveyed  by the New York Fed expect the health-care law to increase the ...
Fitch: PREPA Restructuring Still Probable Despi... [Published Business Wire Professional Services News - 10 hours ago]
NEW YORK--(BUSINESS WIRE)--Fitch Ratings believes that a restructuring of Puerto Rico Electric Power Authority's (PREPA) debt obligations remains likely. The forbearance agreements between PREPA and certain of its creditors (including bondholders) signed ...
Fitch: PREPA Restructuring Still Probable Despi... [Published Business Wire Energy News - 10 hours ago]
NEW YORK--(BUSINESS WIRE)--Fitch Ratings believes that a restructuring of Puerto Rico Electric Power Authority's (PREPA) debt obligations remains likely. The forbearance agreements between PREPA and certain of its creditors (including bondholders) signed ...
Healthsense nabs $10 mln [Published PE Hub Blog - 13 hours ago]
Healthsense said Tuesday that it has raised $10 million in financing. Mansa Capital led the round with participation from return backers Merck Global Health Innovation Fund and Radius Ventures . Heathsense is a provider of tech-enabled care solutions ...
Forget the Passport: 7 Best U.S. Islands to Visit [Published Wall St. Cheat Sheet - 16 hours ago]
Source: iStock Want to experience an island getaway, but don’t feel like renewing your passport? There are plenty of amazing island vacation destinations located within American borders. From tropical to temperate, the U.S. has a destination for everyone ...
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Audio/Video

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Oil addiction fueling Puerto Rico power crisis [Published Reuters Video: Business - Aug 01 2014]
The Jobs Guessing Game Begins [Published Wall Street Journal What's News - Jul 02 2014]
The Supreme Court hears the Aereo case. [Published Wall Street Journal What's News - Apr 23 2014]
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Press Releases

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PREPA Reaches Agreements with Creditors [Published Financial Services - Aug 14 2014]
InterCloud Announces Over $1.4 Million in New P... [Published GlobeNewswire: Acquisitions News - Aug 08 2014]
Excelerate Energy's Aguirre Offshore GasPort Pr... [Published GlobeNewswire: Advertising News - Aug 08 2014]
Perfumania Holdings, Inc. Reports Perfumania Re... [Published GlobeNewswire: Acquisitions News - Aug 07 2014]
Triple-S Management Corporation Reports Second ... [Published Financial Services - Aug 05 2014]
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