Archive for January, 2011

Popular to sell $500M in bad construction loans, reclassifies U.S. mortgage portfolio
January 31, 2011, No Comments

Popular Inc. continues taking steps toward improving its balance sheet with an announcement Monday that it has signed a ...

Legislature passes tax reform, Gov. Fortuño to sign it Monday
January 31, 2011, No Comments

The Treasury Department is responsible for implementing the new tax code. (Credit: Mauricio Pascual©) Following two day ...

Baxter’s PR operations get FDA warning letter
January 27, 2011, No Comments

The operations of yet another local pharmaceutical company are in the Food & Drug Administration’s cross-hairs ...

Copa expands seating capacity in ‘11
January 27, 2011, No Comments

Copa Airlines is starting the year by expanding its seating capacity on its two daily flights between San Juan and its h ...

Triple-S to acquire American Health Inc. for $82M in cash
January 25, 2011, No Comments

Putting an end to what seemed to be a pretty open secret, Triple-S Management Corp. on Tuesday announced that its subsid ...

Analysts: Closing of PR McNeil plant could represent billions in losses for parent J&J
January 25, 2011, No Comments

Industry analysts placed their bets this week on whether Johnson & Johnson will decide to temporarily shut down the McNe ...

Air Turks & Caicos to launch daily flights
January 24, 2011, No Comments

Regional travel choices between Puerto Rico and neighboring Caribbean islands continue to expand, with the upcoming star ...

PRT extends ‘Claro’ brand to all of its consumer services
January 24, 2011, 2 Comments

The familiar Puerto Rico Telephone and DMAX brands — through which PRT offered its telephone and Internet services, re ...

PR unemployment averages 16.1% in ’10, highest since 1993
January 21, 2011, No Comments

Puerto Rico’s out-of-work force averaged 16.1 percent during calendar year 2010, representing the highest rate since 1 ...

Lawmakers submit bill to require display of nutritional info
January 21, 2011, No Comments

(Credit: Wikipedia Commons) While the local Legislature is pursuing a bill requiring restaurant chains with five or more ...