Toyota holds on to market share of 29.4% in P.R.
September 30, 2016
The current economic climate notwithstanding, the automotive industry continues to show a slow but steady sales pattern, with Toyota leading sales with its positive performance.
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US Labor Dept. awards $6M to P.R. for Zika recovery
September 29, 2016
The U.S. Department of Labor announced Wednesday the funding of a $6 million National Dislocated Worker Grant initial award to the Puerto Rico Department of Labor and Human Resources to employ temporary workers to assist with recovery efforts after the Zika virus outbreak in the commonwealth.
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PREPA to begin implementing $2.4B capital plan
September 28, 2016
The Puerto Rico Electric Power Authority (PREPA) announced Tuesday it will immediately proceed with the implementation of the Integrated Resource Plan, as modified by the Puerto Rico Energy Commission (PREC), which adopted key elements of its $2.4 billion capital investment plan.
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Op-Ed: A hidden treasure of talent for our workforce
September 28, 2016
I firmly believe that if entrepreneurs don’t rescue and use the huge amount of potential talent we have in our extremely high school dropout statistics, not only are we doomed to waste valuable resources, but we will also pay a huge social price.
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CooPACA reopens Cruce Davila branch in Barceloneta
September 28, 2016
The Savings and Loan Cooperative of Arecibo (CooPACA, for its Spanish acronym) announced Tuesday the reopening of its branch located in Cruce Dávila in the municipality of Barceloneta, after a $1 million investment.
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Animus joins forces with LatinasRepresent for summit
September 28, 2016
The National Hispanic Leadership Agenda (NHLA), a coalition of the nation’s 40 preeminent Latino organizations, and ANIMUS have joined forces to share information about both the Latino Appointments Program and LatinasRepresent programs during the upcoming ANIMUS Summit.
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Fla. law firm probes P.R. muni bond recommendations
September 27, 2016
Tampa-based Mark A. Tepper securities law firm announced Monday it is investigating alleged claims against brokers and financial advisors for recommending Puerto Rico General Obligations (GO) and/or Puerto Rico municipal bonds.
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UTC Aerospace Systems expanding presence in P.R.
September 22, 2016
UTC Aerospace Systems, a unit of United Technologies Corp., announced Wednesday it is expanding its presence in Puerto Rico over the next three years with the establishment of an operations and supply chain business services center.
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OFG Bancorp sells PREPA credit line for $124M
September 21, 2016
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto Rico government related credits.
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Bayer inaugurates 2 development stations in Puerto Rico
September 21, 2016
Life sciences giant Bayer inaugurated Tuesday two research and development facilities in Guánica and Sábana Grande, as part of an ongoing effort to contribute to the field of crop science, one of the company’s main business lines since it was established on the island 13 years ago.
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Customs ‘Global Entry’ to be offered in St. Thomas Oct. 14
September 21, 2016
U.S. Customs and Border Protection (CBP) announced Tuesday the availability of the mobile Global Entry enrollment center at the Cyril E. King Airport on Oct. 14.
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A.M. Best affirms B++ rating for Multinational Life
September 20, 2016
Multinational Life Insurance Company announced Monday that A.M. Best, the international rating firm for the insurance industry, has affirmed the insurer’s B++ rating and revised the company’s “Long Term Issuer” credit rating from stable to positive.
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Op-Ed: What we can do for ourselves to boost economy?
September 20, 2016
Everybody is “waiting” for the Fiscal Control Board in hopes that it will “give” us something. It remains to be seen which programs they would implement, etc. But why can’t we do something for ourselves?
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SBA opens call for ’17 Nat’l Small Business Week nods
September 20, 2016
The U.S. Small Business Administration announced Monday it is now accepting nominations for its 2017 National Small Business Week Awards, including the annual Small Business Person of the Year.
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J.B. Hunt Transport, Trailer Bridge to offer joint services
September 19, 2016
Trailer Bridge Inc., based in Jacksonville, FL, recently announced an exclusive joint service offering with J.B. Hunt Transport Inc., based in Lowell, AR to provide customers with access to an unlimited container base throughout the United States and Puerto Rico.
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