Borders parent selling itself off at the end of the month, fate of last local store pending
July 6, 2011
The fate of the last remaining Borders bookstore in Puerto Rico will likely be known in about two weeks when its Ann Arbor, Mich.-based parent company goes to U.S. Bankruptcy Court to seek permission to sell itself. If the petition is denied, the beleaguered bookstore will have to liquidate the assets it has left, including its Plaza las Américas location.
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PPP process starts for LMM
July 5, 2011
Companies interested in pursuing the management contract for the Luis Muñoz Marín International Airport in Carolina have until Aug. 8 to submit their requests for qualifications to participate in the bidding process.
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IVU, Law 154 boost Treasury collections in May
July 5, 2011
General fund collections reached $625 million in May, representing an increase of $88 million, or 16.4 percent when compared to the same month in 2010, the Treasury Department said Monday.
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New cruise ship incentives law signed
July 5, 2011
The cruise ship industry, a cornerstone of the island’s tourism economy, will be getting expanded incentives and benefits when anchoring in Puerto Rico, following the approval of a sweeping law that will also favor the distribution chain, service providers and tour operators.
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Fortuño signing Housing Stimulus program extension today
July 5, 2011
Gov. Luis Fortuño will be signing a six-month extension to the 2011 Housing Stimulus law today, giving would-be homebuyers the chance to take advantage of exemptions on closing costs and taxes.
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Crowley buys Puerto Rico Freight Systems
July 1, 2011
Jacksonville-based Crowley Holdings Inc., parent company of the 119-year-old Crowley Maritime Corporation, announced Friday it has acquired the business and assets of Puerto Rico Freight Systems in Guaynabo, for an undisclosed amount.
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Bankruptcies down 15% in June
July 1, 2011
Island bankruptcy cases for the month of June were down 15 percent, with personal cases filing the most marked drops, a preliminary tally from Boletín de Puerto Rico released Friday showed.
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Netflix on-demand video streaming available in P.R.
July 1, 2011
Twelve years after launching its on-demand video streaming service in the U.S. mainland and Canada, Netflix Inc. has finally included Puerto Rico in its footprint, opening the door for thousands of island residents wanting to subscribe to the service directly or via their video game devices.
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P.R., D.R. tourism officials drafting multi-destination marketing strategy
June 30, 2011
Tourism representatives in Puerto Rico are working with their peers in this island nation to develop all-inclusive, multi-destination packages to attract more visitor traffic to both islands, who in turn would get the opportunity to visit both destinations in the same trip.
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P.R-D.R. ferry officially inaugurated in Santo Domingo today
June 30, 2011
Santo Domingo, Dominican Republic -- One month after restarting its maritime connection between Puerto Rico and this neighboring island nation, the Caribbean Fantasy ferry will be officially inaugurated at the Don Diego terminal in the city's colonial zone during a ceremony later today.
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JetBlue adding direct San Juan-Bradley route starting in January
June 29, 2011
Low-cost carrier JetBlue announced Wednesday the January 2012 start of direct, non-stop service between the Luis Muñoz Marín International Airport and Bradley International Airport in Connecticut — a popular route long underserved by airlines.
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Monsanto to build $4.3M R&D lab in Juana Díaz
June 29, 2011
Agricultural technology company Monsanto will announce today a $4.3 million expansion to convert temporary facilities in Juana Díaz into permanent ones, while expanding its research and development labs on the island, according to stateside reports.
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P.R.’s 50+ community young-at-heart, important consumer market segment
June 29, 2011
Puerto Rico’s growing 50-and-over population is financially powerful, young at heart, protective of their properties, focused on their well-being, and live for the moment, while remaining fully capable of taking care of themselves in the long-run.
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Voluntary tax amnesty ends June 30
June 29, 2011
With just two days left until the end of the government’s 2011 fiscal year, Treasury Secretary Jesús Méndez on Tuesday urged citizens and corporations that have not reported income received from legal sources to do so without penalty through the agency’s Voluntary Declaration Program that ends June 30.
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Plaza las Américas reshuffles tenants, adds more stores to mix
June 29, 2011
The Plaza las Américas shopping center in Hato Rey will be adding two new tenants to its mix — CH Carolina Herrera boutique and the Disney Store — by the end of the year, mall operators announced Tuesday.
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