Groups weigh in on government revenue shortfall
May 15, 2014
Two of the island’s largest private-sector trade groups, the Puerto Rico Chamber of Commerce and the CPA Society, weighed in Wednesday on the possible reasons for the $442 million revenue shortfall the Treasury Department reported for the month of April.
chat_bubble0 Comment
visibility3070 Views
Ritz-Carlton San Juan’s new GM seeks industry unity
May 15, 2014
The Ritz-Carlton San Juan recently brought back a familiar face to helm its operations, Jacqueline Volkart, who is intent on putting the property at the forefront of preferred locations for business and pleasure travel.
chat_bubble0 Comment
visibility4104 Views
Krispy Kreme to open 600th int’l location in Carolina
May 15, 2014
Krispy Kreme will celebrate the opening of its 600th international store and its 7th in Puerto Rico this weekend in Carolina. The store is set to open May 17 by local franchise partner Caribbean Glaze Corp., company officials said Wednesday.
chat_bubble0 Comment
visibility2843 Views
UBS execs partake in most recent ‘Speaker Series’ event
May 15, 2014
As part of its commitment to educating clients and provide advice beyond investing, UBS Financial Services Inc. of Puerto Rico recently held its most recent “Speaker Series” workshop, featuring high-ranking company officials who shared their insight on financial issues that are locally relevant.
chat_bubble0 Comment
visibility3400 Views
Puerto Rico gov’t to offer mortgage-refinancing program
May 14, 2014
Some 10,000 low- and moderate-income families residing in Puerto Rico stand to benefit from the “Ahorro Hipotecario” program, which offers mortgage-refinancing opportunities through the Housing Finance Authority, Gov. Alejandro García-Padilla said Tuesday.
chat_bubble0 Comment
visibility17644 Views
Puerto Rico, USVI auto sales plummet 15% in April
May 14, 2014
Automotive sales in Puerto Rico and the U.S. Virgin Islands went into a freefall last month, when results were down 15 percent in comparison to the same month last year, the United Automobile Importers Group (known as GUIA for its initials in Spanish) informed Tuesday.
chat_bubble0 Comment
visibility2391 Views
CIO announces 2nd edition of Puerto Rico Tech Summit
May 14, 2014
With the goal of promoting technology as an economic hub for the island, government officials representing the Chief Information Office and the Department of Economic Development and Commerce, announced Tuesday the second edition of the Puerto Rico Tech Summit, slated for June 4 at the Convention Center in Miramar.
chat_bubble1 Comment
visibility4736 Views
CEMEX fined, to hand over land as part of EPA settlement
May 14, 2014
Cemex Concretos, Inc. and Cemex de Puerto Rico, Inc. (known as CEMEX), have settled a claim filed by the U.S. Environmental Protection Agency related to violations of stormwater discharge procedures under the Clean Water Act, for which it will pay a fine and hand over land, the agency announced Tuesday.
chat_bubble0 Comment
visibility4242 Views
Doral tells SEC it will not file 1Q14 report on time
May 14, 2014
The problems at Doral Financial Corp. continued Tuesday, when it informed the Securities and Exchange Commission that it will be unable to file its first quarter results report for the period ended Mar. 31 this week, a day after the deadline passed.
chat_bubble0 Comment
visibility2539 Views
Popular Inc. elects 4 directors during annual meeting
May 14, 2014
Popular Inc. announced that during its annual meeting of stockholders held Tuesday, its shareholders approved the election of the four directors nominated for election by the Board of Directors.
chat_bubble0 Comment
visibility2435 Views
Sea Star Line selects Tideworks Technology solutions
May 14, 2014
Sea Star Line, LLC has selected Tideworks Technology Inc., a provider of full-service terminal management and planning software solutions, to implement its suite of terminal operating system solutions at its Jacksonville, Fla. and San Juan terminals.
chat_bubble0 Comment
visibility3205 Views
Doral fires off letter to Treasury asking for $232M refund
May 13, 2014
Financially troubled Doral Financial Corp. fired off a letter to the Puerto Rico Treasury Department late last week asking the agency to comply with the terms of a closing agreement reached in 2012 obligating the government to refund the bank for tax over-payments estimated at about $232 million.
chat_bubble0 Comment
visibility3078 Views
Pfizer to pay $318K fine in Clean Air Act case with EPA
May 13, 2014
The U. S. Environmental Protection Agency announced Monday it has settled a case with Pfizer Pharmaceuticals LLC for violations of the Clean Air Act at the company’s pharmaceutical manufacturing plant in Barceloneta.
chat_bubble0 Comment
visibility4391 Views
UPR alumnus chairs Society of Hispanic Professional Eng.
May 13, 2014
The Society of Hispanic Professional Engineers Foundation, a nonprofit organization committed to empowering the Hispanic community by igniting Hispanic youths' interest in science, technology, engineering, and math, announced Monday the appointment of new board Chair, Miguel Alemañy.
chat_bubble0 Comment
visibility3144 Views
Agriculture Dept. reviewing milk, coffee prices
May 12, 2014
The Agriculture Department is currently reviewing milk and coffee prices to determine whether increases are necessary for the products that are staples for Puerto Rican consumers. The results for both reviews should be ready by summer, agency Secretary Myrna Comas said.
chat_bubble0 Comment
visibility2939 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA