Best Buy closing Las Catalinas store in Caguas
April 14, 2012
Struggling electronics retailer Best Buy announced Saturday it will be closing its store in Caguas, located at the Las Catalinas mall, effective May 12.
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Renewable energy execs: P.R. ‘really needs’ to get behind solar, wind projects
April 13, 2012
Renewable energy site developers are hopeful that the process of establishing wind and solar farms in Puerto Rico will get easier as more projects in the pipeline are approved.
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Doral reveals ‘Mujeres d Éxito’ program winners
April 13, 2012
Doral Bank revealed Thursday the results of its “Mujeres d Éxito” institutional campaign, through which it has financed a number of initiatives to drive female economic development Puerto Rico, via the “Internado Doral,” “Despegue Empresarial” and “Fondo Doral” programs.
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Copa Airlines adding daily flight
April 13, 2012
Panama-based Copa Airlines is adding a third daily flight between its hub and the Luis Muñoz Marín International Airport in Carolina starting June 22.
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Eaton ranks among world’s ‘most ethical companies’ for 6th straight year
April 13, 2012
Diversified industrial manufacturer Eaton Corporation, which has operations in Puerto Rico, has been recognized by the Ethisphere Institute as one of the “World’s Most Ethical Companies” for the sixth consecutive year.
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SBA loan activity in P.R., USVI up 13% during 1st half of FY ’12
April 12, 2012
The U.S. Small Business Administration approved 264 loans in Puerto Rico and the U.S. Virgin Islands during the first six months of fiscal year 2012, a 13 percent increase over loans approved during the same period the previous year, the agency said Thursday.
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Prepa raises $650M through bond emission
April 12, 2012
The Puerto Rico Electric Power Authority concluded its two-day bond issue Wednesday, selling $650 million in bonds, about 36 percent more than the original $475 million the government was looking to raise.
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UPR-Utuado campus goes ‘green’ with $100K solar energy investment
April 12, 2012
The University of Puerto Rico’s Utuado campus stands to shave $6,500 off its annual electricity bill as a result of the solar panels recently installed atop its library building.
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Seguros Múltiples launches ‘Text U Later’ app
April 12, 2012
Cooperativa de Seguros Múltiples de Puerto Rico joined the Traffic Safety Commission’s campaign to prevent drivers from using their cell phones while behind the wheel, launching Wednesday its “Text U Later” mobile application to create awareness against unnecessary distractions on the road.
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P.R. Trade organizes commercial mission to Peru
April 12, 2012
Puerto Rico Trade, in conjunction with the U.S. Department of Trade and Puerto Rico’s Commercial Office for Panama and Latin America, is putting together a commercial mission to Peru, from June 5-8.
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GDB: Economic activity index ‘gaining ground’ in ’12
April 11, 2012
The Government Development Bank unveiled the Economic Activity Index for the months of January and February, which reflected an increase of 0.5 percent and 0.7 percent, respectively in comparison to the same months in 2011.
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Consumer advocate re-launches radio show to ‘fill information void’
April 11, 2012
Consumer rights advocate Gilberto Arvelo, popularly known as Dr. Shoper[sic], announced Tuesday the rebirth of his radio show that will air simultaneously on several stations to, in his words, fill an information gap that consumers have to be able to ride out the current economic conditions.
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Scotiabank launches anti-identity theft program
April 11, 2012
Seeking to expand its product offering in the area of insurance and protection, at a time when identity theft is increasing, Scotiabank de Puerto Rico’s insurance division announced Tuesday the availability of its "Scotia ID Protection" program.
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Moody’s reviews 3 P.R. banks for possible ratings downgrades
April 10, 2012
Moody's Investors Service zeroed-in on several members of Hato Rey's Golden mile Tuesday, placing on review for downgrade certain ratings of three Puerto Rican banks, including Banco Santander Puerto Rico, Banco Bilbao Vizcaya Argentaria Puerto Rico and Popular Inc.
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Former Agriculture chief Rivera-Aquino tapped to chair gov’t investment board
April 10, 2012
Javier Rivera-Aquino, who until late last year headed the Agriculture Department has been appointed executive director of the Puerto Rico Industrial Development Company’s Puerto Rican Industry Investment Board, through which he will advocate for greater participation of local companies in government procurement activities, administration officials said Monday.
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