BADECO receives $1M in SBA funding
October 4, 2012
The Central-Eastern Development Bank, known as BADECO by its acronym in Spanish, became the only entity in Puerto Rico selected to participate in the Small Business Administration’s Loan Brokers Pilot Program, getting a $1 million assignment, organization Executive Director Adrián Muñiz-Mariani said Wednesday.
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Yoplait keeps ball rolling on breast cancer awareness initiatives
October 4, 2012
Following its participation in last weekend’s Susan G. Komen “Race for the Cure” event to raise awareness on the fight against breast cancer, Yoplait will keep the momentum going by sponsoring several free mammogram activities later this month.
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S&P affirms UPR bonds classification, positive outlook
October 3, 2012
Credit ratings agency Standard & Poor’s affirmed Tuesday the “BBB-” rating of the University of Puerto Rico bonds, Series P, Q and O, giving them a stable outlook.
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eLV Group to expand operations into Latin America
October 3, 2012
The e-Learning Ventures Group, an online based solutions provider headquartered in Miami, will be expanding its reach into 14 Latin American countries within the next 18 months, said Puerto Rican entrepreneur and company President Raúl Burgos, who founded the firm in 2009.
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OfficeMax donates back-to-school supplies to 17 local teachers
October 3, 2012
More than 90 percent of teachers spend their own money on basic school supplies for their students, according to a recent survey, so this week OfficeMax, its back-to-school shoppers and business customers, donated nearly $1.9 million in school supplies to teachers.
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Cantor Fitzgerald extends footprint with Puerto Rico office
October 2, 2012
Global financial services firm Cantor Fitzgerald & Co. announced Tuesday the opening of a new office in Hato Rey, expanding its footprint to Puerto Rico for the first time in 65 years.
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J&J invests $226.5M to expand Puerto Rico plants
October 2, 2012
Johnson & Johnson is expanding its presence in Puerto Rico through a $226.5 million investment that will improve its two plants in Gurabo and operations in Manatí and San Lorenzo, and add 308 new jobs to its payroll, company and government officials announced Monday.
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Open Mobile unveils new biz model, fully deploys 4G LTE
October 2, 2012
Wireless carrier Open Mobile officially announced the birth of a new business model with which it will break away from the strictly prepaid, no-contract structure it has offered since entering the market more than a decade ago.
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Bankers Association marks decade of community reinvestment
October 2, 2012
The Puerto Rico Bankers Association this week will celebrate 10 years of the local banking industry’s contribution and impact on the development of the island’s communities with a series of educational events during “Community Reinvestment Week 2012,” organization officials said Monday.
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International newspaper ‘Metro’ makes local debut
October 2, 2012
Metro International, the world's largest international newspaper, is launching its free daily newspaper in Puerto Rico, publishing a special edition that will circulate today as a “sneak peek” before going into full publishing mode later this month, company officials said.
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Suiza Dairy settles EPA case; to pay $275K fine, invest $3.7M
October 2, 2012
Puerto Rico dairy producer Suiza Dairy has agreed to pay a penalty of $275,000 and invest some $3.75 million in plant upgrades to settle Clean Air Act violations, as per an agreement with the Department of Justice and the U.S. Environmental Protection Agency.
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Op-Ed: Positions of distrust
October 2, 2012
Assume for a moment that a company has just recruited you, after being thoroughly evaluated by its directors and after having competed with dozens of candidates aspiring for the same position as you.
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Doral Bank launches ‘Ruta Mujeres d Éxito’ program
October 2, 2012
Doral Bank announced Monday the start of its “Ruta Mujeres d Éxito” program offering a free educational experience for professional and entrepreneurial women.
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Banco Popular, Yees! team up to offer teacher workshops
October 2, 2012
The Young Entrepreneurship Education System, known as Yees!, conducted the first entrepreneurial workshop for teachers as part of Banco Popular de Puerto Rico's “Echar Pa’lante” institutional program.
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Puerto Rico airport P3 draws many comments online
October 1, 2012
While dozens of representatives from the public, private and labor sectors asked for a turn to speak during last Friday’s Federal Aviation Administration-sponsored hearing on the proposal to transfer the operation of Puerto Rico’s main airport facility, the Luis Muñoz Marín Airport, out of the government’s hands, others have opted to go online to express their thoughts on the historic transaction.
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