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Puerto Rico Electric Power gets a breather on debt payment

Puerto Rico Electric Power Authority (Prepa) has got more time to work on the restructuring of debt and interest payment. This is for the fourth time Prepa received deadline extension. Prepa is holding discussions with insurance companies to guarantee its debt payment.

Dec 21, 2015 09:10 AM EST


Credit Suisse gets nod for Irish branch

As part of its restructuring plan, Swiss banking major Credit Suisse is setting up its branch in Ireland. It has received regulatory approval for opening its branch. The bank will move its 100 employees to Dublin from London office. It'll also slash 2,000 jobs.

Dec 21, 2015 08:00 AM EST


US warns again Alibaba over selling counterfeit goods

Chinese e-Commerce major Alibaba Group has been served another warning letter by the US Trade Representative Office for selling counterfeit goods. The US officials in a latest report said that several brand owners were complaining about Alibaba Group for selling fake goods online. The US officials warned Alibaba that if it doesn't check the problem, it would be added to list of notorious markets for fakes.

Dec 21, 2015 08:01 AM EST


Tax Extenders Bill will benefit America's startup sector in a big way

The new $622 billion tax package the House of Representatives approved on Thursday will benefit greatly from this.

Dec 19, 2015 02:35 AM EST


Man resurrects 1955 Chevy Bel Air beyond former glory

Gary Holyoak is a resident of Cedar City, Utah who grew up with a 1955 Chevy Bel Air and plans to resurrect the car, putting LS3 Power and an Art Morrison Chassis on the classic.

Dec 20, 2015 04:43 PM EST


Star Wars fan goes on epic rant after Egypt cancelled the movie due to faulty copy

IMAX Theatres in Egypt cancelled the screening of Star Wars: The Force Awakens sending one fan into an epic rant against the theatre company.

Dec 19, 2015 12:45 AM EST


Trader Joe's recalls 'shattering and bursting' bottles

Trader Joe's will recall its carbonated, non-alcoholic beverage called Triple Ginger Brew after customers reported that unopened bottles exploded.

Dec 19, 2015 12:40 AM EST


New tax deal best for parents, low-income earners, students

The newly passed $650 billion tax bill the House of Representative will benefit greatly the parents, low-income families, teachers, mass commuters, and the students.

Dec 19, 2015 12:38 AM EST


What Happens To Student Loans When the Fed Raises Rates

The Federal Reserve increase in interest rates will not have any dramatic changes on student loans interest rates, but it depends on the market benchmark rate.

Dec 19, 2015 12:35 AM EST


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