Coca-Cola empowers, connects women entrepreneurs
July 17, 2014
With the presentation of the “Women Connection Lounge” at the recently held Puerto Rico Chamber of Commerce convention, The Coca-Cola Company joined its #5by20 global program, which aims to empower women around the world by providing tools that contribute to their progress and improvement.
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USA Today readers pick P.R. best Caribbean wedding spot
July 17, 2014
Puerto Rico has nabbed the #1 spot as the ideal Caribbean location for destination weddings in the USA TODAY 10Best Readers' Choice poll, beating out locations such as St. Lucia, Aruba and Key West, Puerto Rico Tourism Company Executive Director Ingrid Rivera said Wednesday.
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USDA makes $33M available for farm labor housing
July 17, 2014
Agriculture Acting Under Secretary Doug O’Brien announced the availability of more than $33 million to provide safe and affordable housing for farm workers and their families through the Farm Labor Housing Program.
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Doral sells $824.4M in non-performing assets at discount
July 15, 2014
Doral Financial Corp. announced Monday it had entered into an agreement to sell some $824.4 million in non-performing loans to Abbey Finance Holdings PR, LLC, for a discounted amount of $369 million.
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S&P lowers ratings for PRASA, GDB bonds
July 15, 2014
Standard & Poor's Ratings Services continued the downgrading streak by credit ratings agencies in recent weeks, by slashing the standing of the Puerto Rico Aqueduct & Sewer Authority and the Government Development Bank on Monday.
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Crowley ships solar vehicle to U.S. student competition
July 15, 2014
Sixteen students from the University of Puerto Rico’s Mayagüez campus will travel to Austin, Texas, for the 2014 American Solar Challenge, a competition that challenges teams of university students to design, build and race solar-powered vehicles.
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Op-Ed: Smart cities also win with ‘Internet of Everything’
July 15, 2014
Cities around the world are destined to become the biggest beneficiaries of the “Internet of Everything” thanks to the enormous possibilities that will automate their processes through the impact of connecting people, processes, data and things together on the same network and the value of this connectivity where "everything" is online and visible.
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Fitch: Puerto Rico bonds decline following Recovery Act
July 14, 2014
Declines in pricing of Puerto Rico bonds added further pressure to already depressed net asset values of Puerto Rico mutual funds, according to Fitch Ratings, which added that Fitch-rated Puerto Rico fund managers are reacting swiftly by adding to collateral supporting rated notes and deleveraging where needed.
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Euromoney magazine names Santander ‘Best Bank’
July 14, 2014
International financial magazine “Euromoney” has named Santander the “Best Bank in Western Europe, Spain, Mexico and Argentina in its 2014 annual awards.
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S&P, Fitch re-aim at PREPA, Puerto Rico’s GO bonds
July 10, 2014
Standard & Poor's Ratings Services on Wednesday announced it has lowered its rating on Puerto Rico Electric Power Authority's power revenue bonds four notches to “B-“ from “BB,” further deepening the agency’s credit woes.
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Op-Ed: Tech centers, tool for community transformation
July 10, 2014
Communities have certain niches that require special attention to achieve their balance. Technology centers offer disadvantaged communities the opportunity to access information technology and communication.
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W.R. Recycling settles hazardous waste case with EPA
July 10, 2014
The U.S. Environmental Protection Agency has reached a legal settlement with W.R. Recycling of Cabo Rojo, the owner and operator of an auto crushing and scrap recycling business, resolving alleged violations of federal hazardous waste law.
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Puerto Rico nat’l culinary team ‘Best in Caribbean’
July 8, 2014
The Puerto Rico National Culinary Team was crowned once again "Best Culinary Team in the Caribbean" at the Taste of the Caribbean competition held at the Hyatt Regency in Miami.
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Fusionworks wins Microsoft award for LatAm, Caribbean
July 8, 2014
Microsoft Corp. has recognized local firm Fusionworks for its performance in the Latin America and Caribbean region, where won in the software provider’s Customer Relationship Management category, beating out 46 countries and territories in 34 categories evaluated, the company announced.
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Red Mango opens 2nd location in San Juan
July 3, 2014
Red Mango has opened its second restaurant in Puerto Rico on Américo Miranda Avenue, creating 20 direct jobs and continuing with its plan to open eight local restaurants, plus franchises throughout the island.
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