The U.S. Environmental Protection Agency announced Wednesday it has reached an agreement with F&R Contractors Corp. and F&R Contractors LLC (F&R) to settle the companies’ alleged violations of requirements to control pollution from stormwater discharges.
First BanCorp., the bank holding company for FirstBank Puerto Rico, announced Tuesday it has entered into a definitive agreement to sell a portfolio comprised of mostly non-performing and classified commercial loans and real estate owned totaling $199.8 million of unpaid principal balance, or $150.1 million of book value, for $87.6 million in cash or 43.8 percent of the unpaid principal balance of the assets.
The U.S. Department of Agriculture recently announced it has some $10.4 million in funding available for grants to support rural community economic development.
A year ago, as Puerto Rico welcomed the signing of the Energy Transformation and Relief Act of Puerto Rico (Act 57-2014), I shared my sentiment of great enthusiasm with friends, by quoting the extraordinary anthem of the Beatles 1968 “Revolution.”
The Insurance Institute for Highway Safety awarded the 2015 Nissan Murano a “Top Safety Pick Plus” vehicle safety rating, which is the group’s highest available ranking.
Puma Energy, the globally integrated midstream and downstream energy company, announced Monday it has signed a purchase agreement with BP to buy its local aviation business in Puerto Rico.
Puerto Rico managed care provider Triple-S Management Corp. announced Monday the retirement of Ramón Ruiz-Comas, its president and chief executive officer, effective Jan. 1, 2016.
Puerto Rican McDonald’s operators have joined a petition by the Service Employees International Union submitted to the Federal Trade Commission Monday to launch an investigation into the franchise sector and issue recommendations for curbing ”abusive and predatory” practices by franchisors in the $800 billion industry.
A year after the arrival of Olive Garden in Puerto Rico, Restaurant Operators Inc. announced Monday the company will open its second restaurant on the island, in Guaynabo’s San Patricio Plaza sector, June 15th.
The Government Development Bank for Puerto Rico released its most recent liquidity statement late last week, showing a balance of $1.02 billion net as of April 30, representing a drop from the $1.11 billion the agency reported for the prior month.
The Commonwealth of Puerto Rico ranked ninth on the list of best destinations to invest in Latin America and the Caribbean, according to a publication by Site Selection magazine.
Despite the current economic challenges facing Puerto Rico, the financial strength of the Commonwealth’s insurance carriers remains generally solid, according to a new A.M. Best briefing.
The United Automobile Importers Group (known as GUIA by its Spanish acronym), an organization that represents automotive industry in Puerto Rico, will celebrate on May 20 the “Foreign Trade Zone Puerto Rico Seminar 2015” at the Sheraton Hotel and Casino.
Enterprise Truck Rental, a service of Enterprise Rent-A-Car, has opened its first location in Puerto Rico.
AT&T and Hulu have signed a deal that will bring the subscription streaming service to the wireless carrier’s customers through AT&T’s websites and mobile applications, the companies announced Wednesday.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA