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

  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

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

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

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

BOSTON – One of the best visualizations of race in America might be called pointillist. By mapping one dot for every Census-registered human in the country, color-coded for race, a team at the University of Virginia’s Weldon Cooper Center of Public Service rendered abstract social data painfully personal. Robert Manduca, a

MIAMI — Despite strong competition from local and regional brands that dominate many markets, Molson Coors is boosting its sales in Latin America and the Caribbean and sees strong growth opportunities for its brands — like Coors Light and Blue Moon — throughout the region. Jorge Pita is the Aventura-based

Ernice Gilbert, owner of the VI Consortium CHRISTIANSTED – An online newspaper that has been in business for less than a year has refused to issue at least one payroll check owed to a former employee, the Virgin Islands Free Press has learned. The Virgin Islands Consortium, owned and operated

  SAN JUAN — Everyone is all about the “Minions” movie right now, but one company has taken it too far while promoting the film. A week before the movie premiered on July 10, Kotex Puerto Rico posted on its official Facebook that they were ready to watch the flick.

CRUZ BAY — On the island of St. John, more than half of which is covered by the Virgin Islands National Park, this four-bedroom four-and-a-half-bath waterfront villa known as Beach Garden is a private oasis. Nestled on 1.07 acres on a hillside, the Bali-inspired house abuts the rocky shore of