Productos La Finca founder is SBA’s ’14 Small Biz Person
May 12, 2014
The Puerto Rico and U.S. Virgin Islands district office of the U.S. Small Business Administration recently chose Eniel Torres-Ojeda, president of Productos La Finca Inc., to receive its “2014 Puerto Rico Small Business Person of the Year” award, during the closing ceremonies of Small Business Week on the island.
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Liberty Puerto Rico adds NBA TV to its video lineup
May 12, 2014
Over the weekend, Liberty Puerto Rico began offering the highly requested NBA TV sports channel to all of its Ultimate Plus and Ultimate Sports tier customers. Customers can tune into channel 180 in the Ultimate Plus tier and channel 280 in its High Definition lineup (HD) to access the channel’s lineup.
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Treasury collections fall $442M short of April estimates
May 9, 2014
Puerto Rico’s revenue collections for the month of April fell significantly below estimates, short by $442.3 million at $1.18 billion, but up by $196 million year-over-year, the Treasury Department said in a release distributed after the end of business Friday.
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Mojo Tags: Next-generation marketing tool unveiled in PR
May 9, 2014
Mojo Tags, a next-generation tool designed to drive advertising and marketing efforts into the next level of interactivity, has officially been introduced to the local market by a company looking to use Puerto Rico as a global launching pad for the technology.
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Red Mango’s 1st local restaurant exceeds sales by 40%
May 9, 2014
A little over a month after opening its first restaurant in Puerto Rico, frozen yogurt and smoothie retailer Red Mango said this week that sales have exceeded initial expectations by 40 percent and announced the development of a second location is underway.
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Experts agree, early childhood is a good investment
May 9, 2014
Investing in early childhood is a good business deal. That was the conclusion of a panel of economic experts gathered for the Childhood Investment Meeting that took place during the 10th edition of the Global Forum on Early Care and Education that wraps up at the Sheraton Convention Center Hotel today.
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USDA announces $40M in funding to spur rural growth
May 9, 2014
The U.S. Department of Agriculture announced Thursday the availability of close to $40 million in funding to promote long-term economic growth and community vitality in rural areas, and is seeking applications through three community and economic development programs administered by its Rural Development division.
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Gov’t seeks RFPs for fuel tanks for Roosevelt Roads
May 9, 2014
The Redevelopment Authority for Roosevelt Roads (LRA) this week published a Request for Proposals (RFP) seeking applications from entities with the credentials and expertise to improve and operate the fuel storage facilities in Roosevelt Roads in Ceiba through a lease agreement.
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Cable trade group takes fight against Viacom to the FCC
May 8, 2014
One month after Liberty Puerto Rico announced its decision to pull the plug on Viacom-owned programming, the American Cable Association sent a letter to the Federal Communications Commission slamming the content provider’s decision to also block access to its websites by broadband Internet subscribers, including those served by the carrier.
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S&P downgrades Doral to ‘CC’ in wake of capital breach
May 8, 2014
Two days after Doral Financial Corp. disclosed its weakened capital position, Standard & Poor's Ratings Services said Wednesday it lowered its issuer credit rating to 'CC' from 'CCC-' and placed the rating on CreditWatch with negative implications.
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Aspen Surgical Puerto Rico to undergo $3M expansion
May 8, 2014
The Commonwealth of Puerto Rico and medical technologies provider Hill-Rom announced Wednesday a multimillion-dollar investment to improve and expand the company’s medical device manufacturing operations on the island.
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Puerto Rico Treasury has cut $147.2M in tax refunds
May 8, 2014
The Puerto Rico Treasury Department announced Wednesday it has cut $147.2 million in tax refunds corresponding to 247,744 tax returns during the current tax cycle, representing $80 million more than what was disbursed at this time last year.
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RadioShack extends recycling program to Puerto Rico
May 8, 2014
Celebrating 20 years of association, RadioShack and Call2Recycle announced this week they will be expanding their battery collection and recycling program to stores in Hawaii and Puerto Rico.
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Products Assoc.: Puerto Rico needs a coherent plan
May 7, 2014
The Puerto Rico Products Association unveiled Tuesday five key recommendations gathered during its recent annual convention, to help the island get back on the path of cohesive economic development.
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Triple-S reports $584.8M in revenue for 1Q14
May 7, 2014
Triple-S Management Corp. managed care company announced Tuesday consolidated revenues of $584.8 million and consolidated operating income of $10 million for the three months ended Mar. 31, 2014.
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