Universia survey: Job opportunities are off the island
May 4, 2015
A recent survey conducted by the Universia-Trabajando.com Labor Community revealed that more than half, or 69 percent, of respondents from Puerto Rico believe that there are more job opportunities outside the island.
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Marriott unveils 4-yr, $15M remodel of Condado hotel
May 4, 2015
The San Juan Marriott Resort & Stellaris Casino is showing off the results of a nearly four-year, $15 million renovation project of the iconic Condado-area hotel, which included its 525-room and suites, two restaurants, its casino, meeting rooms and pool area.
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QBE Optima Insurance launches new travel protection
May 4, 2015
Travel is meant to be enjoyed. With that in mind, QBE Optima Insurance Company recently announced a new product, QBE Travel Insurance, to provide travelers protection, security and worldwide coverage.
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FDIC terminates First BanCorp.’s Consent Order
May 1, 2015
Nearly five years after falling under the Federal Deposit Insurance Corp.’s watch, First BanCorp, parent company of FirstBank Puerto Rico, announced Thursday the regulator has terminated the Consent Order under which it had been operating since June 2, 2010.
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Frappe maker La Frutera finds growth within Walmart
May 1, 2015
The business relationship between local frappe maker La Frutera and Walmart Supercenters has helped the local chain find growth, as more than half of its sales, or 54 percent, are generated through its presence within the mega-retailer, company officials said.
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Gov. García-Padilla to ‘take steps’ to navigate fiscal crisis
April 30, 2015
Gov. Alejandro García-Padilla said Thursday the government will take specific steps in coming months to face Puerto Rico’s fiscal crisis, which include no new taxes and no job cutbacks.
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Jeb Bush supports Puerto Rico statehood, Ch. 9 option
April 29, 2015
Former Florida Gov. Jeb Bush, who is expected to announce his run for the U.S. presidency in 2016, expressed his support Tuesday for Puerto Rico’s statehood as well as its right of its government agencies to file for bankruptcy protection under Chapter 9 of the U.S. tax code.
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3rd edition of Tech Summit focusing on entrepreneurship
April 29, 2015
With the participation of important international players in the fields of technology and computing and chief information officers from Latin America and the U.S. mainland, the government announced Tuesday the upcoming third edition of the Tech Summit, slated for May 13.
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Public school students learn about construction careers
April 29, 2015
The Associated General Contractors of America, Puerto Rico Chapter, in coordination with the Department of Education will conduct the annual closing of its “Build Up!” and “On Site!” programs May 12, when some 300 children and 50 adults from island public schools will gather.
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Bankers ‘frustrated,’ monitoring gov’t solutions to crisis
April 28, 2015
The heads of the island’s two largest banks took turns in recent days expressing their concerns about the current fiscal scenario and whether political leaders are willing to make the right decisions to put Puerto Rico’s economy back on track.
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Radisson Ambassador Plaza closing in Condado April 29
April 28, 2015
The Radisson Ambassador Plaza Hotel & Casino San Juan will be closing its doors April 29, citing failed attempts to sell the property during the past year.
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Economist: Sense of crisis prevails, decision time is now
April 27, 2015
Going into its eighth year of negative growth, Puerto Rico needs to become accountable for its “sad state” of internal affairs and make a number of necessary decisions to recover growth in fiscal years to come and put an end to the prevailing sense of crisis, said economist firm H. Calero Consulting Group in the most recent edition of its internal publication “Pulse.”
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AT&T grants $38K to undergrad Sacred Heart students
April 27, 2015
Sacred Heart University recently received a $38,000 contribution from AT&T to support 31 undergraduate scholarships for students with satisfactory academic performance, financial need, and a demonstrated commitment to their careers will be able to participate.
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Olive Garden to hire 250 for San Patricio restaurant
April 27, 2015
Looking to promote local economic development and job creation, Puerto Rican company Restaurant Operators Inc., announced it is looking to fill 250 slots at its second Olive Garden restaurant expected to open this summer in San Patricio Plaza in Guaynabo.
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Momentum builds for and against Ch. 9 inclusion bill
April 23, 2015
U.S. Congress is still “weighing the merits” of H.R. 870, known as the Puerto Rico Chapter 9 Uniformity Act, as momentum builds from outside groups for and against the measure that would authorize the island’s government to restructure its fiscal obligations under Chapter 9 of the U.S. bankruptcy code.
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