![](http://www.telegraph.co.uk/telegraph/multimedia/archive/01358/Alvaro-Colom_1358547c.jpg)
* Puerto Rico: Governor Luis Fortuño is expected to announce later today that hundreds, possibly thousands, of government workers will be laid off in the next few weeks.
* Dominican Republic: President Leonel Fernandez fired over 700 police officers days after he vowed to “cleanse the government of corruption.”
* Latin America: Fourth quarter profits for telecom giant Telefonica jumped by 89% partly due to higher growth in Latin America.
Image- The Telegraph
Online Sources- Caribbean Net News, CNN, Bloomberg, LAHT
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