OFG looking to raise some $45.7M through stock sale
October 26, 2012
Oriental Financial Group Inc. announced Thursday it is looking to raise some $45.7 million from the sale of 4,390,243 shares of its common stock at a price of $11.10 per share.
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Agriculture Dept. assigns $5.8M to struggling farmers
October 26, 2012
In the midst of the worst drought the U.S. mainland has witnessed in more than 50 years, which has significantly increased food prices worldwide, the Agriculture Department has earmarked $3.7 million to help Puerto Rico farmers address higher feed and production costs, agency Secretary Neftalí Soto said Thursday.
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Guayacán opens applications for MIT fellowship
October 26, 2012
For the eighth consecutive year, the Guayacán Center will be co-sponsoring a team of selected members of Puerto Rico’s entrepreneurial community who will be given the opportunity to attend the MIT Entrepreneurship Development Program in Cambridge, Mass. from Jan. 27 to Feb. 1, 2013.
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Garage Isla Verde grants scholarships to auto mechanics students
October 26, 2012
Mercedes-Benz dealership Garage Isla Verde and Automeca recently joined forces to award the first six scholarships for students enrolled in auto mechanics courses.
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$2M Sizzler opens in Dorado featuring new design
October 26, 2012
Featuring a redesigned concept and 6,200 square-feet of space, casual dining restaurant Sizzler recently opened its 12th location at the Doramar Shopping Center in Dorado.
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OFG posts $14.7M in 3Q profit; announces stock offering
October 25, 2012
Oriental Financial Group Inc. released third quarter results Wednesday, reporting $14.7 million in profits — representing a 7 percent increase from the preceding quarter and a 5.5 percent drop from the same year-ago, three-month period.
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FirstBank gets high marks for personalized service
October 25, 2012
Over the past year, FirstBank has been in pursuit of offering personalized services to its Puerto Rico customer base.
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Phishing websites spread at ‘record speed’ in 1st half of ’12
October 25, 2012
A new phishing survey released by the Anti-Phishing Working Group at their conference being held in Puerto Rico this week revealed that while the uptime of phishing websites dropped during the first half of 2012, cybercriminals were driving substantial increases in the numbers of phishing websites they established to steal from consumers.
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Gov’t expands services available via pr.gov
October 25, 2012
Looking to make it easier for citizens to interact with public agencies, government officials announced Wednesday the addition of six new services pr.gov, expanding the 280 already available through the website that has generated more than 10 million transactions since its launch in 2010.
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Doral Bank ‘dhogares’ program gets ABA nod
October 25, 2012
Doral Bank’s “dhogares” institutional program garnered the American Bankers Association affordable housing award during the organization’s annual convention held earlier this month in California.
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HJ Sims: Next Puerto Rico gov. must leave fiscal progress ‘intact’
October 24, 2012
An analyst for underwriting firm HJ Sims told Bloomberg that maintaining Puerto Rico’s debt at a suitable level for investors will depend on whether the governor who wins the Nov. 6 elections is willing to leave the current fiscal progress intact.
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‘Doing Business’ report offers mixed review for Puerto Rico
October 24, 2012
Puerto Rico is the best place in Latin America and the Caribbean to start a business and gain access to credit and is outranked only by Chile in the overall ease of doing business, according to the “Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises” report released Tuesday by the IFC and World Bank.
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MasterCard, Plaza Las Américas partner for holiday savings
October 24, 2012
The holiday shopping season is starting early for MasterCard customers, who will be able to get deep discounts on their purchases during one night at Puerto Rico’s biggest mall, Plaza Las Américas.
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PRMA hosting workshop for foreign companies
October 24, 2012
The Puerto Rico Manufacturers Association’s Tax Affairs and Buyers and Suppliers tems will host a workshop to explain to controlled foreign corporations doing business on the island how to reduce operational costs. The seminar also targets local “critical suppliers,” who will learn how to boost their sales.
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Puerto Rico to benefit from U.S.-Panama trade pact
October 23, 2012
The U.S.‐Panama Trade Promotion Agreement, an initiative through which President Barack Obama seeks to increase opportunities for U.S. businesses, farmers, and workers through improved access for their products and services in foreign markets, takes effect Oct. 31.
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