Doral Financial Corporation, parent company of Doral Bank, lost $1.6 million during the second quarter ended June 30, and announced it entered into a Consent Order with the Federal Deposit Insurance Corporation and the Office of the Puerto Rico Commissioner of Financial Institutions Wednesday.
A dozen public and private universities in Puerto Rico have invested a combined $2.3 million in energy conservation and renewable energy projects to reduce their operating costs and diversify their energy production while contributing to the environment.
Four consortia have been shortlisted to move on to the competitive procurement process to develop a new 600-bed juvenile social treatment campus complex through a public-private partnership with the government to be located in the town of Yauco.
With more than 835 restaurants in the United States and Canada, Minnesotta-based Buffalo Wild Wings announced plans to expand its footprint outside North America by opening four restaurants in Puerto Rico by 2016.
Three months after announcing its decision to leave the island after 50 years of operations, Bumble Bee has hired San Diego-based Heritage Global Partners to auction off the assets of the former plant in Mayagüez, on Sept. 12 and 13. The sale will be conducted over the phone and online.
Reliable Auto, a financial services institution with $342 million in assets, is marking its 25th anniversary in Puerto Rico, where it has experienced steady growth by adapting to the market.
The National Aeronautics and Space Administration will soon put in orbit a small satellite dubbed “CINEMA,” developed by a group of eight Puerto Rican engineering students in collaboration with engineers and scientists from the University of California at Berkeley.
Frozen yogurt retailer Yogen Früz is riding on the popularity of its products to continue its agressive expansion plans in Puerto Rico, where the franchise plans to open another 10 stores, doubling its presence by year’s end.
American Airlines customers arriving at Miami International Airport from international destinations are enjoying the benefits of a new, state-of-the-art Federal Inspection Service facility, which opened Monday at the busy hub.
AON, a global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services provider, recently brought together its employees, their families and clients to celebrate its “Global Service Day" in Puerto Rico.
Green Energy Renewable Solutions Inc., a developer and operator of municipal solid waste processing and recycling facilities announced it has entered into a “Letter of Intent” to form a joint venture with Landfill Solutions, LLC of Puerto Rico, to remediate and manage the Yabucoa municipal landfill that has been closed since 2011.
The upcoming corporate relocation of a leading convenience store chain to a long-shuttered Loíza Street building, from which it will also run a Quiznos Sub, offers further proof of the ongoing revitalization that is pumping considerable money and breathing renewed vigor into this well-known San Juan area unique for embracing all economic classes: from low-income and middle class to the rich.
The Federal Communications Commission’s San Juan office slapped a pair of fines on two local broadcasters totaling $30,000 for alleged violations to industry regulations in recent months, the agency disclosed in separate orders.
The Puerto Rico Planning Board announced over the weekend the approval of a pair of renewable energy projects in the municipalities of Isabela and Morovis that will continue diversifying the island’s energy sources.
Spanish fashion retailer Massimo Dutti will be opening its first store in Puerto Rico at the Plaza Las Américas shopping center in Hato Rey, marking its foray into the island and the Caribbean region, News is my Business learned.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA