Archive for February, 2011

Start of recession sparked significant migration from P.R.
February 28, 2011, No Comments

When Puerto Rico’s current recession started in 2006, it set off one of the most significant migrations of island resi ...

Commercial bank assets drop 15.6% in ’10 while brokerage houses, cooperatives shine
February 28, 2011, No Comments

Puerto Rico’s main banks had more than $75.6 billion in combined assets at the end of 2010, reflecting a year-over-yea ...

EDB announces $8.2M in support for local businesses
February 28, 2011, No Comments

The Economic Development Bank announced Sunday the approval of $7.2 million in loans — and a $1 million revolving cred ...

Pump prices spike, electricity costs next
February 27, 2011, No Comments

As oil prices settled at close to $98 a barrel Friday, prices at the pump on the island also spiked, prompting concerned ...

P.R.’s January workforce lowest in 28 years
February 25, 2011, 1 Comment

Puerto Rico’s workforce fell to 41.4 percent in January 2011, representing the lowest participation rate recorded for ...

El Amal seeks Chapter 11 protection, again
February 25, 2011, No Comments

El Amal closed its doors a week ago.  (Credit: © Mauricio Pascual) Almost a week after closing down its local operatio ...

Horizon Lines agrees to pay $45M to settle antitrust case
February 24, 2011, No Comments

North Carolina-based shipping and transportation logistics provider Horizon Lines Inc. on Thursday confirmed it has reac ...

TRB to start regulating satellite television services
February 24, 2011, No Comments

TRB President Sandra Torres, flanked by lawmakers Paula Rodríguez Homs, Lornna Soto and José Chico during a Thursday n ...

El Amal agrees to reopen a store for 30 days to fill prescriptions
February 24, 2011, No Comments

El Amal will open a single store on Friday. (Credit: © Mauricio Pascual) Health Department officials said Thursday they ...

Ford focuses on expanding market presence
February 23, 2011, No Comments

Ford Motor Company is looking to increase its participation in the island’s automobile market to 13 percent this year, ...