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Puerto Rico Bonds, MBIA Stock Jump on Restructuring Settlement
Posted inBreaking News Business News Caribbean News

Puerto Rico Bonds, MBIA Stock Jump on Restructuring Settlement

SAN JUAN — A settlement between creditors in Puerto Rico’s bankruptcy case lifted prices of the commonwealth’s municipal bonds and shares of insurance companies that guaranteed payments on the bonds. Traders…
Posted by John McCarthy March 10, 2024
Meta platforms experienced significant outage on Super Tuesday
Posted inBreaking News Business News International News

Meta platforms experienced significant outage on Super Tuesday

MENLO PARK — Facebook, Instagram and other Meta platforms suffered a significant outage on the morning of Super Tuesday that now appears to be resolved. Experts at three organizations that monitor internet…
Posted by John McCarthy March 5, 2024
Vehicle strikes utility pole in St. Thomas leaving hundreds without electricity, WAPA says
Posted inBreaking News Business News Consumer News

Vehicle strikes utility pole in St. Thomas leaving hundreds without electricity, WAPA says

CHARLOTTE AMALIE — Hundreds were without electricity in Tutu this morning after a vehicle collided with a utility pole this morning, causing widespread power outages in St. Thomas. Virgin Islands…
Posted by John McCarthy March 4, 2024
Cunard Announces New Voyages to Barbados in 2025 and 2026
Posted inBreaking News Business News Caribbean News

Cunard Announces New Voyages to Barbados in 2025 and 2026

BRIDGETOWN — Cunard is increasing the number of calls to Barbados in 2025 and 2026, with thirteen new sailings, according to a press release. The new voyages go on sale…
Posted by John McCarthy March 4, 2024
Federal audit finds ‘a lot of work remains’ in Puerto Rico’s hurricane and earthquake recovery
Posted inBreaking News Business News Caribbean News

Federal audit finds ‘a lot of work remains’ in Puerto Rico’s hurricane and earthquake recovery

SAN JUAN (AP) — Puerto Rico is trudging through reconstruction work after two devastating hurricanes and a string of strong earthquakes, and has spent less than 10% of more than $23 billion in…
Posted by John McCarthy March 4, 2024
Democrats help Johnson pass short-term funding bill to avert government shutdown
Posted inBreaking News Business News National News

Democrats help Johnson pass short-term funding bill to avert government shutdown

WASHINGTON — Democrats helped Speaker Mike Johnson to pass a short-term funding bill in the House to avert a government shutdown before a deadline tomorrow -- but it only kicks…
Posted by John McCarthy February 29, 2024
You Can Fly Frontier Airlines From St. Croix to Orlando Starting in May
Posted inBreaking News Business News National News

You Can Fly Frontier Airlines From St. Croix to Orlando Starting in May

FREDERIKSTED — Ultra-low fare carrier Frontier Airlines will begin nonstop service from Henry E. Rohlsen Airport on St. Croix to Orlando International Airport in May, the airline announced. The new route is…
Posted by John McCarthy February 29, 2024
EZC Advances Community Revitalization, Offers Incentives to USVI Investors
Posted inBreaking News Business News Community Affairs

EZC Advances Community Revitalization, Offers Incentives to USVI Investors

CHARLOTTE AMALIE — The annual meeting of the Enterprise Zone Commission (EZC) marked a significant stride towards revitalizing historical communities in the U.S. Virgin Islands, with a focus on Christiansted,…
Posted by John McCarthy February 29, 2024
Lower auto prices are finally giving Americans a break after years of inflationary increases
Posted inBreaking News Business News National News

Lower auto prices are finally giving Americans a break after years of inflationary increases

DETROIT (AP) — Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation…
Posted by John McCarthy February 28, 2024
Trump appeals $454 million judgment NY civil fraud case
Posted inBreaking News Business News National News

Trump appeals $454 million judgment NY civil fraud case

NEW YORK (Reuters) - Donald Trump on Monday appealed a judge's ruling that the former U.S. president must pay $454 million in penalties and interest for fraudulently exaggerating his net worth and the values…
Posted by John McCarthy February 27, 2024

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