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Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island’s debt, totaling $72 billion, was unpayable and required restructuring. According to a 2014 bond offering statement, Puerto Rico has never defaulted on the payment of principal or interest of debt. “Tomorrow is Aug. 1 and we don’t have the money,” Victor Suarez, chief of staff for Puerto Rico’s governor, told journalists in San Juan, referring
Exxon Mobil (XOM.N) shares dropped 4.58 percent while Chevron (CVX.N) lost 4.89 percent after reporting poor quarterly earnings due to weak oil prices. Despite the S&P’s negative close on Friday, half of the 10 major S&P 500 sectors were higher, with the utilities index’s (.SPLRCU) 0.98 percent rise leading the advancers.
Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose terms of the deal, said Polyvore …
Valerie Harper is setting the record straight about her heath—and she’s cracking jokes! The 75-year-old Mary Tyler Moore Show and Rhoda alum was rushed to a hospital…
Woke up like this? Better believe it. If there’s one thing that’s true about August, it’s this: The month is dayum hot. As in, wearing a crop top is more a means of…
Salma Hayek always thought her hands were pretty big. But then she decided to pose topless for Allure magazine. In the gorgeous black and white pic published in the mag, the…
Lions and tigers and bears zebras, oh my! By all accounts, Vanessa Hudgens and Austin Butler are definitely on the vacation of a lifetime. The loved-up duo posted a series of…
Bobbi Kristina Brown’s loved ones came together Friday evening for the 22-year-old’s wake in Atlanta. Whitney Houston’s mother Cissy Houston and Pat Houston were seen…
Kim Kardashian is “officially a soccer mom!” The E! reality star took to Twitter to share photos of North West playing on a field earlier today with her dad Kanye West, and the…
We’ve heard of going incognito, but if this really is Gisele Bündchen, then this a whole different ball game… Multiple outlets are reporting that one of the world’s…
