In what may constitute as yet another sign of economic improvement, the U.S. Small Business Administration confirmed it has approved nearly $65 million in loan guarantees during the first nine months of fiscal 2011, reflecting a 29 percent increase in year-over-year activity in Puerto Rico and the U.S. Virgin Islands.
The U.S. Department of the Navy’s Base Realignment and Closure Program Management Office is putting up for sale some 2,036 acres of land belonging to the former Naval Station Roosevelt Roads in Ceiba, announcing a public online auction on its Web site, where strikingly, it describes the land as ideal “for work or play.”
Merck & Co.’s reported plans to cut back its workforce by about 13,000 by 2015 will not affect its local operations, Frank Gutiérrez, general manager of Merck Puerto Rico and the Caribbean, said Friday.
AT&T dropped a bomb Friday on unlimited data plan smartphone customers who use their devices so much they fall into that top 5 percent that clogs up the network during any given billing cycle.
For the second time this year, the Public Buildings Authority has awarded a contract to New York-based utiliVisor to monitoring energy consumption levels at government centers in Aguadilla and Caguas, as well as the Police Department’s Hato Rey headquarters.
This week, Claro bid close to $11.2 million for six wireless licenses auctioned off by the Federal Communications Commission, which it could use to improve or expand its mobile services, News is my Business learned Friday.
I grew up hearing a saying, "you missed the forest for the trees" and for the longest time, I wondered exactly what that meant. It wasn't until a funny, skinny and chain-smoking reporter at the defunct The San Juan Star gave me a definition. He said, "It’s simple, the saying means that sometimes we focus on something so much that we lose perspective of everything else.”
Doral Financial, the holding company of Doral Bank and Doral Bank FSB, reported net income of $4.5 million for the quarter ended June 30, 2011, compared to $3.3 million for the quarter ended March 31, 2011.
The Economic Development and Commerce Department is presenting the incentives and competitive advantages Puerto Rico offers to the aviation sector during its debut in the 2011 edition of the renowned Air Venture industry gathering taking place in Wisconsin this week.
As several of the island’s main toll plazas prepare to go completely cashless on Saturday, the Department of Transportation and Public Works announced that, for the first time, trucks will be allowed to use the “AutoExpreso” electronic payment system.
Ford Motor Company cruised through the first half of 2011, with a reported 37 percent increase in year-over-year vehicle sales in Puerto Rico, at a time when the industry had an overall growth of 1.9 percent, company officials said Thursday.
Starting next year, Puerto Rico and U.S. Virgin Island U.S. residents will be able to get their passports issued at the U.S. State Department branch that will open in San Juan, rather than stateside, government officials said Thursday.
In keeping with the unwavering growth of smartphone and tablet computer usage worldwide, United Airlines, Continental and American Airlines recently unveiled mobile applications offering passengers one-touch access to their travel information and the option to generate an electronic boarding pass.
For the second year in a row, Banco Popular’s Internet platform has been included among the region’s best performers as per Global Finance’s Best Internet Bank Award 2011 competition. The bank received the organization’s “Best Bill Payment and Presentment” distinction.
Effective July 31, Puerto Rico Larga Distancia will be changing its name to Claro [6558_noti_imagen1_CLARO-Logo] Larga Distancia in response to the company’s strategy of unifying all of its services under a single brand. Claro will continue offering its long distance services under the same terms and conditions currently in place for PRT LD subscribers, company officials said.
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