Wall Street banks square off over $1B P.R. highway concession
May 22, 2011
New York-based investment banking firms Goldman Sachs and Morgan Stanley are apparently dueling over the $1 billion privatization project of PR-22, the 52-mile stretch of highway that runs from San Juan to Arecibo.
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NIC interim management tells employees, business partners liquidation not an option
May 21, 2011
Despite the fact that the San Juan Superior Court placed National Insurance Corp. under trusteeship this week, the company’s interim management is giving employees and affiliated insurance agencies a positive outlook on the situation.
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CPI jumps 2.5% year-over-year in April, dips slightly vs. prior month
May 20, 2011
Increasing healthcare, transportation, housing and food costs put pressure on the island's Consumer Price Index, which jumped by 2.5 percent year-over-year in April, but seemed to show slight improvement in comparison to the prior month.
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