Orlando, Fla.-based Signature Flight Support announced Friday its acquisition of Tropical Aviation Corp. operating out of Isla Grande’s Fernando L. Rivas Dominicci Airport. The amount of the transaction was undisclosed.
The decision Thursday by the U.S. Bankruptcy Court judge overseeing the Borders Chapter 11 proceeding could send the bookstore chain, which still has one location left in Puerto Rico, into a liquidation of its assets.
The Treasury Department’s preliminary year-end General Fund report released Wednesday showing an uptick in revenue collections may not necessarily be a sign of real economic improvement, the Center for the New Economy said Thursday upon analyzing the results.
President Barack Obama signed Thursday an order declaring 12 towns as disaster areas, following severe storms, flooding, mudslides, and landslides during the period of May 20 to June 8, 2011. The order makes it possible for Puerto Rico to receive federal aid to supplement the expenses incurred by the central and municipal governments.
Looking to offer “better service and transparency” to its mortgage clients, Doral Bank unveiled Monday a new online service through which account holders can immediately access their history and information with the bank.
For the second time in less than two months, the Women’s Affairs Advocate has teamed up with a large local retailer to continue spreading the word against domestic violence. This time, the agency partnered with Walmart Puerto Rico to reach the thousands of customers who flock to the stores on a daily basis.
Island employers have a week left before the July 20 deadline to file their payroll information and pay their workers’ insurance policy at the State Insurance Commissioner, agency administrator Zoimé Álvarez said Wednesday.
roperty owners who are in arrears on their tax payments to the Municipal Collections Center have until Oct. 11 to take advantage of a temporary amnesty that grants the full elimination of interest, penalties and charges over the debt.
Popular Inc. announced Wednesday the signing of a definitive agreement with Wells Fargo Advisors LLC Puerto Rico for the acquisition of the latter company’s assets. This agreement allows Popular to acquire 1,750 accounts and assets under management for approximately $500 million, which will be handled by Popular Securities.
Foreign and non-resident companies doing business in Puerto Rico accounted for 10 percent of fiscal 2011’s General Fund collections, which reached more than $8.1 billion, preliminary results offered Wednesday show.
The U.S. Department of Agriculture announced Tuesday it will award 25 grants to 19 states and Puerto Rico to boost market opportunities for local entrepreneurs.
Scotiabank de Puerto Rico’s successful takeover of R-G Premier bank’s failed assets some 15 months ago was “the best decision” the institution could have made, as it has increased its customer base tenfold and opened the door to expanding its footprint, high-ranking officials said during a roundtable discussion with members of the local media.
Puerto Rico home sales generated during the first 10 months of the government’s Housing Stimulus 2011 program reached 12,491 new and existing units, reflecting an increase in activity of 37.5 percent compared with the same period in 2010, the Puerto Rico Housing Finance Authority officials said Tuesday.
The Milk Industry Development Fund unveiled Monday its newest advertising push for the island’s Grade A product, spending $1.2 million to deliver the message that fresh milk is a fun part of being healthy.
The Voga Italian Grill, the newest option in the Condado sector of San Juan for Italian food lovers, recently opened at La Concha A Renaissance Resort, following at $1.2 million investment.
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