Critical Hub Networks announced Tuesday it has enabled next-generation IPv6 Internet services on its residential broadband network, becoming the first broadband provider in Puerto Rico to do so. The technology will benefit the company’s Caribe.Net customers.
Public expenses have been kept under projections during the first nine months of the current fiscal year, the fourth consecutive year the administration has managed its finances according to what was budgeted, a government official said Monday.
First BanCorp, the bank holding company for FirstBank Puerto Rico reported Monday a net loss of $13.2 million for the first quarter of 2012, which included a non-cash charge of $6.2 million related to equity in losses of unconsolidated entities.
Online cyber attacks skyrocketed by 81 percent in 2011 affecting organizations of all sizes and types worldwide, according to the 17th edition of Symantec’s Internet Security Threat Report, which also revealed that Puerto Rico ranked 10th among all territories in the Americas with the greatest volume of malicious activity.
For years, the conventional wisdom was that an eventual end to the U.S. embargo against Cuba would open the floodgates for millions of curious Americans dying to visit the once-forbidden island — while the rest of the Caribbean would, at least initially, suffer a sharp downturn in U.S. tourist arrivals.
Florida-based Banesco USA is expanding its presence in that southern U.S. market through the acquisition of all of the deposits of Security Bank, National Association, through a Federal Deposit Insurance Corporation-assisted transaction.
The Economic Development Bank, the Family Department's Socio-Economic Development Administration, known as ADSEF, the Puerto Rico Chamber of Commerce (CofC) and the United Retailers Association (CUD) announced Thursday the signing of a pair of agreements to launch a job promotion plan for low-income residents.
Puerto Rico’s retail market continues to draw new players, this time with the arrival of home goods chain Anna’s Linens, which plans to invest more than $3.7 million to open five stores on the island this year, company President Alan Gladstone told News is my Business Thursday.
Caribbean islands are aggressively courting new tourism markets as restrictive U.K. airline taxes and hard times in the United States keep thousands of potential British and American visitors at home.
The two consortia in the final running for the 40-year management concession of the Luis Muñoz Marín International Airport have already been selected, with the final winner to be announced by summer.
FirstMortgage, FirstBank’s mortgage division, is following the strategic plan it laid out for itself last year to improve its market standing by focusing on three areas: customer service, streamlining procedures and improving efficiency in the loan origination and closing process.
During a recent call with investors, América Móvil CEO Daniel Hajj confirmed that the commercial launch of its 4G Long-Term Evolution platform in Puerto Rico will not take place until the third quarter of this year, following a limited roll-out of the next-generation technology late last year.
The Securities and Exchange Commission on Tuesday charged UBS Financial Services Inc. of Puerto Rico and two executives with making misleading statements to investors, concealing a liquidity crisis, and masking its control of the secondary market for 23 proprietary closed-end mutual funds.
The Bumble Bee tuna cannery in Mayagüez will be closing its operation after 50 years of doing business in Puerto Rico, leaving about 260 people jobless, News is my Business learned.
Popular Inc. announced Monday that its stockholders approved a proposed 1-for-10 reverse split of its common stock, which is expected to become effective May 29.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA