Toyota Foundation scholarship cycle closes June 5
May 28, 2015
Toyota Foundation is giving students interested in careers related to the environment until June 5 to apply for financial aid offered through its university scholarship program, which awards up to $2,500 to those eligible.
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El Mesón to open 1st U.S. store in Orlando on June 1
May 28, 2015
El Mesón Sandwiches, a Puerto Rican sandwich shop with more than 40 years in business, will open its first store in the U.S. mainland on June 1, at the Florida Mall in Orlando.
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Seaborne, JetBlue to codeshare throughout Caribbean
May 27, 2015
Seaborne Airlines and JetBlue Airways announced Tuesday they have finalized terms to begin a codeshare marketing relationship, expanding upon the carriers' interline agreement in place since 2013.
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Popular 1st Puerto Rico bank to unveil Apple Watch app
May 27, 2015
Just a month after the launch of its native application for iPad, Banco Popular announced Tuesday the integration of a new feature that allows customers to check balances and locate branches and ATMs through the Apple Watch, becoming the first financial institution in Puerto Rico to make that function available.
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USDA opens call for grants to help repair rural housing
May 27, 2015
The U.S. Department of Agriculture is seeking applications for grants to make housing repairs for low- and very-low income rural residents.
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HARP extension could help 9K Puerto Rico homeowners
May 26, 2015
More than 9,000 homeowners in Puerto Rico could save an average of $182 a month, or approximately $2,200 a year, on their mortgage loans as the result of the extension through 2016 of the Home Affordable Refinance Program and the Home Affordable Modification Program, federal authorities said this month.
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GDB president berates Moody’s’ latest credit downgrade
May 22, 2015
Government Development Bank President Melba Acosta came down hard on Moody’s Investors Service’s decision to downgrade the Commonwealth’s credit rating deeper into junk status by saying the move shows “ratings agencies are totally out of tune with what’s happening” in Puerto Rico.
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WorldNet, Microsoft bring ‘Skype for Business’ to island
May 22, 2015
Software giant Microsoft on Thursday announced it has certified locally-owned telecommunications provider WorldNet to offer the “Skype for Business” product, which extends to organizations and government entities a complete unified communications solution, combined with the security, expertise, and support that businesses require.
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García-Padilla presents $9.8B budget for Fiscal ’16
May 21, 2015
Puerto Rico Gov. Alejandro García-Padilla introduced Wednesday the measure paving the way for a $9.8 billion General Fund budget, and a $28.8 billion consolidated budget for Fiscal 2016.
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Microsoft marks 25 years in Puerto Rico, looks to future
May 21, 2015
Microsoft senior executives and government officials gathered Wednesday to celebrate the software giant’s 25th anniversary in Puerto Rico, a history marked by innovation and collaboration to accelerate the growth of the local IT industry and advance socio-economic development.
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Puerto Rico nonprofits create 16% of jobs, $2.2B wages
May 21, 2015
Puerto Rico’s nonprofit organizations have a positive economic impact on the island, producing 150,410 jobs — or 16 percent of all local employment — and some $2.2 billion in wages, according to a study presented Wednesday by the Foundations Network.
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Credit unions rack up $1.3B in mortgage loans in 1Q15
May 20, 2015
The Public Corporation for the Supervision of Puerto Rico Cooperatives, or COSSEC as the entity is known in Spanish, said Tuesday that the island’s credit unions approved some $1.3 billion in mortgage and mortgage-related loans during the first quarter of 2015, for a combined portfolio of 18,385 financing agreements.
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AT&T: Smartphone use while driving goes beyond texts
May 20, 2015
Wireless carrier AT&T released the findings of a study that showed that four-in-10 smartphone users tap into social media while driving, almost three-in-10 surf the net, and surprisingly, one-in-10 videochat.
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New retailers opening at Premium Outlets, other malls
May 19, 2015
Puerto Rico Premium Outlets in Barceloneta is adding several new retailers to its tenant mix in coming months, including new market arrival Forever 21 Red, the clothing company’s lower-priced sister.
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AIAC officially enters Puerto Rico’s pharma market
May 19, 2015
High-ranking executives from AIAC, better known as the American Industrial Acquisition Company, arrived to Puerto Rico on Monday to make the company’s official debut in the island’s pharmaceutical industry, following its acquisition of the former Merck plant in Arecibo earlier this year.
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