Echar Pa’lante, Georgia Tech foster entrepreneurship
April 28, 2016
The multi-sectorial “Echar Pa’lante” alliance sponsored by Banco Popular recently joined forces with the Georgia Institute of Technology, to train more than 110 university professors from eight universities on entrepreneurship.
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AT&T’s ‘Puede Esperar’ pitch targets Spanish speakers
April 28, 2016
Wireless carrier AT&T unveiled Wednesday it’s new “Puede Esperar” campaign targeting Spanish-speaking Hispanics on the U.S. mainland, who it said are more prone to smartphone distracted driving than the general population, according its research.
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PREPA will need 2 more weeks to complete rate case
April 27, 2016
The Puerto Rico Electric Power Authority has asked creditors for a two-week extension through May 13 to file its rate case before the Puerto Rico Energy Commission, which is a key element in the restructuring support agreement reached with creditors.
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Justice to testify on cybercrimes before Senate today
April 27, 2016
The Puerto Rico Justice Department’s CyberCrime Division will testify before the Senate on Internet sales and the protections consumers require to fight off fraudulent business practices.
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Expedia launches direct communication tool for hoteliers
April 27, 2016
The Expedia group, one of the world’s leading travel companies, has begun its rollout of Expedia PartnerCentral (EPC) Conversations, which can benefit its Caribbean hotel partners, including those in Puerto Rico, through from better dialogue and engagement with booked guests.
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First BanCorp. garners $23.3M in 1st quarter net income
April 26, 2016
First BanCorp., the parent company for FirstBank Puerto Rico, reported Monday net income of $23.3 million for the first quarter of 2016, or $0.11 per diluted share, compared to $15 million, or $0.07 per diluted share, for the fourth quarter of 2015 and $25.6 million, or $0.12 per diluted share, for the first quarter of 2015.
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Popular Inc. reports $85M in net income in 1Q16
April 26, 2016
Encouraged by the progress shown by its U.S. mainland operation and by the strength of its Puerto Rico franchise, Popular Inc. reported Monday net income of $85 million for the first quarter ended Mar. 31, 2016, compared to net income of $137.4 million and an adjusted net income of $98.3 million for the quarter ended Dec. 31, 2015.
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Moody’s: P.R. will default ‘with or without’ federal action
April 25, 2016
The government of Puerto Rico will default on several debt payments due May 2, including $422 million due from the Government Development Bank, “regardless of whether Congress enacts pending fiscal oversight legislation,” Moody’s Investors Service predicted.
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Local bondholders demand voice in restructuring talks
April 25, 2016
Individual Puerto Rico bondholders announced the creation of Backyard Bondholders seeking to have a unified voice in the negotiations between the commonwealth’s government, the U.S. House of Representatives and other creditors on the restructuring of the public debt.
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Puerto Rico Restaurant Week returns June 1-11
April 25, 2016
The 5th edition of “Puerto Rico Restaurant Week” will take place June 1-11, when premier restaurants will offer specially designed three course dinner and/or lunch menus at a fixed price.
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1st Bridgestone Store service center opens in P.R. in June
April 25, 2016
Bridgestone North Latin America, through its subsidiary Bridgestone Costa Rica, announced the upcoming opening of the first Bridgestone Store service center in Puerto Rico, slated for June 2016.
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Trade groups ask Legislature to hold off on labor bills
April 22, 2016
Looking to avoid further increases in operating costs that prevent the island’s productive sector from contributing to Puerto Rico’s socioeconomic development despite the ongoing fiscal crisis, a group of associations on Thursday asked for a moratorium on the approval of certain labor laws being considered in the Legislature.
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Toyota Foundation seeks students for scholarships
April 22, 2016
As part of its mission to strengthen environmental awareness among the island's young people, Toyota Foundation invites students to apply for its college scholarship program.
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Verdanza Hotel adopts near-waterless laundry system
April 22, 2016
In time for today’s World Earth Day celebration, Verdanza Hotel in Isla Verde announced the installation of the Xeros polymer bead cleaning laundry system, which uses 80 percent less water than a traditional industrial washer, up to 50 percent less energy and approximately 50 percent less detergent.
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Money Express contest winners take home prizes
April 22, 2016
As part of its 20th anniversary celebration, Money Express sponsored the ¡Resuelve y Gana! (“Find Solutions and Win!”) sweepstakes that ran from June 1 to Dec. 31, 2015.
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