FINRA slaps Santander Securities LLC with $6.4M fine
October 14, 2015
The Financial Industry Regulatory Authority (FINRA) announced Tuesday it ordered Santander Securities LLC to pay some $4.3 million in restitution to certain customers who were solicited to purchase Puerto Rican Municipal Bonds, or PRMBs.
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Op-Ed: Oct. is National Cyber Security Awareness month
October 14, 2015
As cybersecurity threats continue to increase, it’s possible that your device could be affected with a virus or malware that could extract personal or private information. You may not even know when your device is infected.
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New Lexus Grants for Artists exhibit at the MAPR
October 14, 2015
Jesús Manuel Gómez, Elizabeth Robles López and Eduardo Rosario-Rosario are the new breed of up-and-coming artists whose works of art make up “Weaving Webs of Discards,” the 11th exhibition of the Lexus “Grants for Artists” program at the Puerto Rico Museum of Art (MAPR for its initials in Spanish).
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Bacardi Group Puerto Rican HQs go 100% solar
October 14, 2015
Kyocera Solar Inc. and installer Dynamic Solar Solutions announced Tuesday the installation of 24.75 kilowatts (kW) of Kyocera solar modules atop Emilio Bacardi Group headquarters in San Juan, harnessing renewable energy as a solution to rising energy prices.
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Ritz-Carlton SJ GM awarded for managing excellence
October 5, 2015
The Ritz-Carlton, San Juan’s General Manager, Jacqueline Volkart has been recognized by Worldwide Branding for showing dedication, leadership and excellence in hotel management, the company announced.
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‘Battle of the Buildings-Puerto Rico’ competition begins
October 5, 2015
As a part of the Obama administration’s effort to support greater energy efficiency through the “Battle of the Buildings Challenge,” the Environmental Protection Agency recently granted Business Efficiency Consulting Services the rights to host a regional energy-savings competition in Puerto Rico.
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Bondholders launch coalition of ‘ordinary investors’
August 28, 2015
The 60 Plus Association announced Thursday the formation of "Main Street Bondholders," a new small bondholder coalition made up of ordinary investors from Puerto Rico and the U.S. mainland who hold retirement, college and life savings in Puerto Rican bonds.
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Census: 1 in 5 movers relocate to different metro area
August 26, 2015
About 18 percent of all movers in the U.S. mainland and Puerto Rico, totaling 8.5 million people, moved to a different metropolitan area in the last year, according to new statistics released Tuesday by the U.S. Census Bureau.
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EVERTEC announces organizational changes at helm
August 21, 2015
San Juan-based, full-service transaction processing company EVERTEC Inc. announced Thursday key organizational changes in its leadership team.
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Empresas Fonalledas buys Starbucks licensing rights
August 20, 2015
Starbucks Coffee Company and Baristas Del Caribe, LLC, an affiliate of Empresas Fonalledas, a family-owned Puerto Rican group of companies, announced Wednesday that Baristas Del Caribe has acquired exclusive rights to operate Starbucks 19 stores in Puerto Rico.
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Hotels get P.R. Medical Tourism program certifications
August 20, 2015
Puerto Rico Medical Tourism Corporation and Florida-based Medical Tourism Association announced Wednesday the Caribe Hilton and the Condado Plaza Hilton are the island’s first hotels to be certified after the training and inspection process under the Medical Tourism Program.
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FirstBank’s ‘Duplica tu Balance’ promotion takes off
August 20, 2015
FirstBank’s latest campaign, dubbed “Duplica tu Balance” (“Double your balance”) takes off today, offering customers an automatic entry to the draw of two partial awards of $5,000 and of a grand prize of up to $50,000 with each transaction registered on their personal deposit accounts through Nov. 20, 2015.
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SBA announces funding package to spur P.R. economy
August 18, 2015
U.S. Small Business Administration head María Contreras-Sweet was in Puerto Rico Monday to announced a series of initiatives to spur the island’s economy and create jobs.
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Open Mobile, Assurant Solutions team on device trade-in
August 18, 2015
Open Mobile, one of several mobile network operators in Puerto Rico, is partnering with Assurant Solutions on a trade-in program that enables customers purchasing a new mobile phone to get instant credit for their old one.
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Treasury collects $626.5M in July, fueled by SUT revenue
August 17, 2015
The Puerto Rico Treasury Department announced Friday that General Fund net revenues totaled $626.5 million in July 2015 — the first month of Fiscal 2016 — representing a $2.3 million increase when compared to July 2014.
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