‘Pon de Plaza’ service carts 25K passengers in 6 months
April 9, 2014
The “El Pon de Plaza” service offered at shopping center Plaza Las Américas carted its 25,000th passenger Tuesday, six months after the free transportation began in September 2013.
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Bacardí Limited CEO Shirley leaves company
April 9, 2014
The Board of Directors of Bacardí Limited announced this week the departure of president and chief executive officer Ed Shirley, who will return to retirement after a 36-year career.
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Study: Puerto Rico is ideal site for high-tech ventures
April 8, 2014
Puerto Rico is a hospitable place when it comes to protecting intellectual property (IP) rights, which coupled with incentives and favorable business conditions, make the island an attractive place to set up and expand high-tech firms, a study commissioned by Microsoft Corp. conducted by “The Economist” revealed Monday.
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Gov’t to pursue business opportunities in LatAm, Europe
April 8, 2014
The government of Puerto Rico plans to spend $750,000 over a 12 month-period starting in June to open and run commercial offices in Colombia and Perú — and launch a magazine to document its actions — to drum up business in Latin America and establish the island as the bridge between that region, Europe and the United States.
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GDB spends $2.6M on stateside debt restructuring firms
April 8, 2014
The Government Development Bank for Puerto Rico spent $2.6 million to pay for the services of two stateside law firms, Cleary Gottlieb Steen & Hamilton LLP and Proskauer & Rose LLP, seeking advice on “financing plans and other related matters.”
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CBP will increase number of agents in Puerto Rico
April 8, 2014
The U.S. Customs and Border Protection, which is part of the U.S. Department of Homeland Security, will increase the number of agents in Puerto Rico and other jurisdictions by hiring a total of 2,000 additional agents, Puerto Rico Federal Affairs Administration Executive Director Juan E. Hernández announced.
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Saltchuk announces acquisition of Tropical Shipping
April 8, 2014
A subsidiary of transportation and petroleum distribution company, Saltchuk Resources, has entered into a binding purchase and sale agreement to acquire Tropical Shipping and its related companies, it was announced Monday.
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Claro adding Samsung Galaxy S5 to lineup today
April 8, 2014
Claro and Samsung Electronics announced the arrival of the highly anticipated Galaxy S5 smartphone and accompanying Gear accessories, which the carrier is adding to its lineup before other local wireless competitors.
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Sports Authority CEO: ‘This culture is intertwined with sports’
April 7, 2014
Sporting goods retail chain Sports Authority’s arrival to Puerto Rico coincides with a time of economic challenges for the island that also represent opportunities for a company that has been considering coming here for more than a decade.
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Liberty reshuffling channels, pulls plug on Viacom lineup
April 7, 2014
Effective tomorrow, Liberty Puerto Rico will eliminate all of the Viacom channels in the Ultimate and Ultimate Plus video tiers after unfruitful negotiations with the provider, the local cable carrier said.
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Pan American Health Org. helps craft mental health stats
April 7, 2014
The Pan American Health Organization and the Puerto Rico Statistics Institute are working together to enable the island to produce comparable statistics about the mental health system based on World Health Organization Assessment Instrument for Mental Health Systems parameters, known as WHO-AIMS.
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Ventura Corp. to pay $354K to settle sex bias case
April 7, 2014
Ventura Corporation, a Puerto Rico-based wholesaler of makeup, beauty products, jewelry and other personal care items to retail sellers, has agreed to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission.
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MasterCard challenge rewards student culinary talent
April 7, 2014
A student from the Universidad del Este won this year’s fourth edition of the MasterCard Student Food Challenge, held prior to this weekend’s Saborea culinary fest, receiving a $1,000 scholarship for proving his talent in the kitchen, the credit card company announced.
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28K Puerto Rico residents enroll in ‘Obamacare’ plans
April 4, 2014
Some 28,699 Puerto Rico residents signed up for health coverage under the Patient Protection and Affordable Care Act, during the six-month subscription period that ended Mar. 31, Insurance Commissioner Angela Weyne said Thursday.
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Popular throwing its support behind real estate brokers
April 4, 2014
It’s no secret that Puerto Rico’s real estate sector has taken a beating in recent years due to the economic woes the island has been facing for the better part of the past decade. Property sales have stagnated and values have dropped in certain categories, affecting banks and brokers alike.
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