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Director of Puerto Rico power company resigns amid scrutiny

AP Photo/Ramon Espinosa SAN JUAN, Puerto Rico (AP) — The director of Puerto Rico’s power company resigned on Friday amid ongoing blackouts and scrutiny of a contract awarded to a small Montana-based company to help rebuild the electric grid destroyed by Hurricane Maria. Puerto Rico’s Electric Power Authority said Ricardo Ramos presented his letter of resignation to the company’s board effective immediately. Ramos said in a brief video posted on Twitter Friday evening that it was a very personal decision and that it had … Read the referenced story here: Director…

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Director of Puerto Rico Power Company Resigns

The director of Puerto Rico’s power company has resigned amid ongoing blackouts and scrutiny of a contract awarded to a small Montana-based company to help rebuild the electric grid destroyed by Hurricane Maria. Puerto Rico’s Electric Power Authority said Ricardo Ramos presented his letter of resignation to the company’s board effective Friday. Officials said Ramos would soon provide additional information. Ramos testified before a U.S. Senate committee this week about a $300 million contract awarded to Whitefish Energy Holdings that has since been canceled. The contract is undergoing a local…

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Finance News 

A struggling dad built an app to buy his kids cheaper pizza — and now his company has 5 million downloads and $40 million

Ryan Hudson is the cofounder of Honey, a browser extension that tracks prices and finds online coupons. Honey got off to a rocky start, unable to persuade investors of its value. Today, Honey’s browser extension has been downloaded over 5 million times, the team just crossed 100 people, and investors have provided over $40 million. Over five years ago, Ryan Hudson went online to order a pizza — dinner for his two kids, who were then under 6 years old. He really wished he had a coupon. Money was tight for the serial…

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