Puerto Rico Misses Bond Payments, Expects Help from Congress to Rescue it From the Mountain of Debt

Puerto Rico Misses Bond Payments, Expects Help from Congress to Rescue it From t

It's not new for Puerto Rico to miss payments on its debt, but this time it was rather big. On Monday, the US territory missed almost $370 million on a bond payment. Officials of the island said worse could be expected ahead in case the U.S. Congress does not come to rescue it from the from pile of debt.

 

Greenlight Capital Invest in Yelp and Natural Gas; Exits Greek Banks and Delta Lloyd

Greenlight Capital Invest in Yelp and Natural Gas; Exits Greek Banks and Delta L

David Einhorn, the hedge fund manager who started Greenlight Capital in 1996 and heads it till date is extensively followed by the hedge fund industry.  His letters considered by many as a source for hints for new and thriving investment trends.

Colorado’s Supreme Court Strikes Down Prohibitions on Hydraulic Fracking by the Local Government

Colorado’s Supreme Court Strikes Down Prohibitions on Hydraulic Fracking by the

It was a big win for the oil and gas companies over a lengthy battle, as on Monday the Supreme Court of Colorado struck down prohibitions by the local government on fracking.

In court said in a separate ruling that a moratorium in Fort Collins and a ban in Longmont were not valid as state law forestalled them. Previously, the same conclusion was given by a lower court.

Arlington Agrees to Sell Itself to Oracle for $532 Million

Arlington Agrees to Sell Itself to Oracle for $532 Million

On Monday, Opower, the energy analytics company based in Arlington, Texas said it has agreed to be bought by Oracle for $532 million. It is expected that the deal will close later this year. The deal values shares of Opower at a 30 percent premium as of Friday's close.

To mark five years of operation to capture Osama, CIA tweets details

To mark five years of operation to capture Osama, CIA tweets details

The secretiveCentral Intelligence Agency of the United States has released a series of tweets with details of an operation that killed led to the killing of Osama bin Laden on this day five years ago. CIA announced it would "live" tweet the details of the events that occurred five years earlier as if  if they were happening again.

 

Sanders to continue fight for nomination

Sanders to continue fight for nomination

Senator Bernie Sanders has indicated that he will continue his fight for nomination of the Democratic Party for the Presidential election against front-runner Hillary Clinton following his loss in four out of five states in the norther eastern part of the country.

Chicago Mayor Says Hotel on Navy Pier Planned as Part of Navy Pier’s Centennial Vision

Chicago Mayor Says Hotel on Navy Pier Planned as Part of Navy Pier’s Centennial

On Saturday, the office of Chicago Mayor, Rahm Emanuel released details regarding a new planned hotel to be built on Navy Pier. It will be a five storey hotel with two hundred rooms. It's one of its kind because, is going to be the very first hotel at the pier. The statement from the mayor's office said, the hotel project will be developed and operated by First Hospitality Group Inc.

Reportedly, Englewood Based Sports Authority to Shutter All Stores in the U.S

Reportedly, Englewood Based Sports Authority to Shutter All Stores in the U.S

In March, Sports Authority, the Englewood, Colorado based sporting goods company filed for Chapter 11 bankruptcy and rather than restructuring or considering other options, it seems to be a block road for Sports Authority. Reportedly, the company is shutting down all its stores across the nation.

Puerto Rico’s Governor says the American Territory Cannot Pay Most of its $370Million Debt Payments

Puerto Rico’s Governor says the American Territory Cannot Pay Most of its $370Mi

On Sunday, the debt crisis of Puerto Rico reached a new level as Governor Alejandro Garcia Padilla said, the American territory will not be able to pay the entire $370 million debt payments which are due to be paid till Monday.

 

Oil Field Service Provider Halliburton and Baker Hughes Give Up Plan of $28 Billion Merger Deal

Oil Field Service Provider Halliburton and Baker Hughes Give Up Plan of $28 Bill

Failing to get approval from the antitrust officials, Halliburton and Baker Hughes finally gave up their plans of a merger deal. On Sunday, they decided to chuck the deal which was valued at $35 billion at the time of its announced in November 2014. Now the deal was valued at $28 billion.

Latest News

Arlington Agrees to Sell Itself to Oracle for $532 Million
Puerto Rico Misses Bond Payments, Expects Help from Congress to Rescue it From t
Greenlight Capital Invest in Yelp and Natural Gas; Exits Greek Banks and Delta L
Colorado’s Supreme Court Strikes Down Prohibitions on Hydraulic Fracking by the
To mark five years of operation to capture Osama, CIA tweets details
Sanders to continue fight for nomination
Reportedly, Englewood Based Sports Authority to Shutter All Stores in the U.S
Puerto Rico’s Governor says the American Territory Cannot Pay Most of its $370Mi
Chicago Mayor Says Hotel on Navy Pier Planned as Part of Navy Pier’s Centennial
Oil Field Service Provider Halliburton and Baker Hughes Give Up Plan of $28 Bill
Protestors demonstrate against Trump at California Republican Convention
Clinton more accepting of criticism
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