Posts In Category

Business News

At VIFreepBusiness NewsSt. Croix News

ATLANTA – The Home Depot®, the world’s largest home improvement retailer, Tuesday reported sales of $24.8 billion for the second quarter of fiscal 2015, a 4.3 percent increase from the second quarter of fiscal 2014. Comparable store sales for the second quarter of fiscal 2015 were positive 4.2 percent, and comp sales

Read More
At VIFreepBusiness NewsPuerto Rico News

Perhaps due to the closure of the HOVENSA oil refinery in 2012, the number of work-related deaths in the Virgin Islands is down, but in nearby Puerto Rico there were three on-the-job deaths in the first half of the year, according to a national occupational health study. The study found

Read More
At VIFreepBusiness NewsEducation NewsSt. Croix NewsSt. Thomas News

CHRISTIANSTED – The University of the Virgin Islands Process Technology program, a part of the College of Science and Mathematics, received a $150,000 donation from Diageo BRAND USVI today. The funds will be awarded as $50,000 annual grants over three years, with a plan to review the investment at the

Read More
At VIFreepBusiness NewsSt. Thomas News

CHARLOTTE AMALIE – St. Thomas residents who live on the Ridge Road feeder can expect a power interruption between 9 a.m. to 12 noon tomorrow, according to the Virgin Islands Water and Power Authority. WAPA said the “interruption is necessary to allow crews to safely perform maintenance on the Secret

Read More
At VIFreepBusiness NewsSt. Croix NewsSt. John NewsSt. Thomas News

CHARLOTTE AMALIE – The maker of the Keurig single-cup coffee system must face a securities fraud class-action lawsuit, the Second Circuit ruled last week. Five employee retirement systems – including the GERS – acquired stock in Green Mountain Coffee Roasters Inc., which manufactures Keurig coffee makers. The plaintiffs are the retirement

Read More
At VIFreepBreaking NewsBritish Virgin Islands NewsBusiness News

ROAD TOWN, Tortola, BVI – Activist investor William Ackman’s New York-based hedge fund has amassed a $5.5 billion investment in Mondelez International (MDLZ), signaling that the maker of Oreo cookies, Ritz crackers and other popular snack brands could be a merger target amid food industry consolidation. Shares of Deerfield, Ill.-based Mondelez were up 0.50% at $46.52 in midday

Read More
At VIFreepBusiness NewsCaribbean NewsPuerto Rico News

  SAN JUAN — Puerto Rico failed to make the entirety of a payment on its Public Finance Corp bonds due Aug. 1, paying only $628,000 of a $58 million payment, the head of its Government Development Bank said in a statement on Monday. The missed payment will mark the

Read More
At VIFreepBusiness NewsNational NewsSt. Croix News

WASHINGTON — Businesses big and small would get to keep claiming dozens of tax breaks that expired at the start of the year under a bill that overwhelmingly passed the Senate Finance Committee recently. Struggling homeowners and people who live in states without a state income tax would get to

Read More
At VIFreepBusiness NewsHealth NewsSt. Croix News

Marc Koska (left) attends to a patient CHRISTIANSTED – “Solutions are easier when you understand the problem,” says Marc Koska, who has devoted decades to understanding one of the most stubborn yet preventable problems in public health: disease transmission via unsafe injections. In 1984, on a break from a job in

Read More
At VIFreepBusiness NewsInternational NewsSt. Thomas News

CHARLOTTE AMALIE – The retailer’s websites resemble those of many other discounters, offering deals on a broad range of products such as televisions, tablets, blenders and sports equipment. But San Diego-based PriceSmart Inc. is distinctive in other ways. Each of its three dozen warehouse membership clubs are south of the

Read More