Bankers Assoc., FDIC offer annual compliance seminar
December 5, 2016
The Puerto Rico Bankers Association of Puerto Rico, jointly with the Federal Deposit Insurance Corporation, recently hosted a two-day “Minority Depository Institution Training Seminar,” marking the 10th time the organizations team up to offer it.
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Oversight Board puts out RFP for financial advisory firm
December 5, 2016
The Financial Oversight and Management Board for Puerto Rico created under the Puerto Rico Oversight, Management and Economic Stability Act issued Sunday a request for proposals for firms interested in providing services to the Board as financial advisor.
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AT&T grants $28K to USVI nonprofit to promote STEM
December 2, 2016
For the second consecutive year, AT&T is awarding $28,000 to the Community Foundation of the U.S. Virgin Islands to provide local teacher grants in the 2016-2017 school year to promote science, technology, engineering and mathematics (STEM) education throughout the territory.
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P.R. accepted into White House ‘TechHire’ program
December 1, 2016
Puerto Rico has been announced as one of 19 TechHire communities dedicated to creating pathways for more U.S. citizens to access well-paying tech jobs and expanding local tech sectors in communities across the country, the White House announced Thursday.
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FINRA fines Merrill Lynch $7M; $780K goes to PR clients
December 1, 2016
The Financial Industry Regulatory Authority (FINRA) announced Wednesday it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay some $780,000 in restitution to 22 Puerto Rico customers who who were "highly concentrated and highly leveraged in Commonwealth securities."
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Grupo Guayacán launches new IDEA seed fund program
December 1, 2016
Grupo Guayacán, Inc. (GGI) announced Wednesday the official launch of the new Puerto Rico IDEA Seed Fund, in collaboration with Fundación Banco Popular, the Georgia Institute of Technology, and several entrepreneurs participating as private investors.
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Hyatt awards $15K to Boys & Girls Clubs of P.R. Inc.
December 1, 2016
True to season of giving, and as part of the brand’s #InAHyattWorld campaign, the Hyatt Place San Juan City Center announced that the recipient of the 2016 Hyatt Community Grant, worth $15,000, is the Boys & Girls Clubs of Puerto Rico Inc.
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EPA provides $149K for improvements in San Juan
November 30, 2016
The U.S. Environmental Protection Agency announced Tuesday a total of $149,000 in new funding for the Caño Martín Peña community in San Juan to be used for green infrastructure projects.
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Kmart Pharmacy taking Triple-S insurance for flu shots
November 29, 2016
Triple-S prescription plan members can get their shots and other immunizations covered at Kmart pharmacies, which on Monday announced the program that will be offered on a permanent basis.
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Financial Board picks legal counsel, strategic consultant
November 28, 2016
The Financial Oversight and Management Board for Puerto Rico announced Sunday the selection of Proskauer Rose LLP as lead outside legal counsel, O’Neill & Borges LLC as outside legal counsel and McKinsey & Company as strategic consultant.
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P.R. startups offer innovative gifts on Cyber Monday
November 25, 2016
The holiday season has officially started, and Cyber Monday is expected to keep breaking sales records, with a projection of more than $3 billion in just one day.
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O:live nabs ‘America’s Best Design Boutique Hotel’ honor
November 25, 2016
O:live Boutique Hotel has been recognized once again by the London-based Boutique Hotel Awards.
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Wovenware expands partnership with Microsoft
November 23, 2016
Wovenware, a nearshore provider of smart software solutions, today announced that it has expanded its partnership with Microsoft, becoming one of the first software engineering services firms in Puerto Rico to be an authorized Microsoft Cloud Solution Provider (CSP).
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Liberty raises $330K for nonprofits via 20th golf tourney
November 23, 2016
Liberty Puerto Rico celebrated the 20th anniversary of its traditional Liberty Golf Invitational Tournament with a historic donation of $330,000 to 12 community organizations on the island.
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U.S. Treasury offers Board ongoing technical assistance
November 22, 2016
Saying “resolving the crisis in Puerto Rico remains a top priority for the U.S. Treasury Department,” agency Secretary Jacob Lew sent a letter to the Financial Oversight and Management Board offering ongoing technical assistance.
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