Execs: Medtronic/Covidien integration will take 3 years
March 4, 2015
Less than two months after the completion of the merger between Medtronic and Covidien, two powerhouse medical device companies with operations in Puerto Rico, top-level executives confirmed that the integration process will take about three years to complete.
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Royal Isabela takes multiple TripAdvisor top honors
March 4, 2015
Royal Isabela, a hotel and private golf club perched on the breathtaking coastline of northwest Puerto Rico, was named among the “Top 25 Luxury Hotels in the Caribbean” and the “Top 25 Small Hotels in the Caribbean” for 2015 by TripAdvisor.
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Popular to manage $5B in former Doral Bank loans
March 3, 2015
Popular Inc., which on Friday picked up the lion’s share of Doral Bank’s assets, announced Monday it won its bid to also take over the mortgage servicing rights on three pools of residential mortgage loans serviced for Ginnie Mae, Fannie Mae and Freddie Mac held by the shuttered bank.
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Senate quashes ‘anti-Uber’ bill, sends it back for review
March 3, 2015
A bill that seeks to establish public policy and regulate the operation of mobile application-based transportation network companies, such as San Francisco’s Uber, was struck down Monday on the Senate floor in a 13-11 vote.
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Pre-sale of tickets for 3rd edition of ‘Tech Summit’ starts
March 3, 2015
The government of Puerto Rico will host the 3rd edition of the Puerto Rico Tech Summit May 13, to continue positioning the island as a regional hub of technology development.
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More tenants attach their names to The Mall of San Juan
March 3, 2015
The list of retailers planning to open stores at The Mall of San Juan continues to grow, with the addition of five more tenants, this media outlet confirmed through industry sources.
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Companies gather to recruit engineers, surveyors
March 3, 2015
Dozens of local and international companies will host a job fair on Mar. 7 to recruit engineers and surveyors for hundreds of available jobs, the College of Engineers and Land Surveyors announced Monday.
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IHOP to host 2nd annual ‘National Pancake Day’ in P.R.
March 2, 2015
IHOP in Puerto Rico will host their second “National Pancake Day” tomorrow, upholding the chain’s tradition of giving away pancakes to clients who visit the restaurant that day, in exchange for a donation to support the San Jorge Children’s Foundation.
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Senate to vote on ‘anti-Uber’ bill that skipped hearings
March 2, 2015
The Puerto Rico Senate will put to a vote today Bill 1209, which seeks to establish public policy and regulate the operation of mobile application-based transportation network companies, or TNCs such as San Francisco’s Uber, in Puerto Rico.
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Zeno Gandía Credit Union marks 60th anniversary
March 2, 2015
The Dr. Manuel Zeno Gandía Credit Union recently marked six decades of doing business in Puerto Rico, where the cooperative movement has continued growing despite the protracted fiscal crisis.
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Medtronic grants $300K in health funds to local entities
March 2, 2015
As part of its 40th anniversary celebration on the island, Medtronic Puerto Rico awarded $300,000 in health grants to five Puerto Rican nonprofit entities to support them in their quest to increase access to the treatment of chronic diseases in disadvantaged communities.
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FDIC, OCIF order closing of Puerto Rico’s Doral Bank
February 27, 2015
Following weeks and months of speculation about its fate, the Puerto Rico Office of the Commissioner of Financial Institutions and the Federal Deposit Insurance Corporation, announced Friday the closing of Doral Bank’s local and stateside operations.
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Giuliani: P.R. must focus on security for economic dev’t
February 27, 2015
Former New York City Mayor Rudy Giuliani urged Puerto Rico leaders to place making the island a secure place to visit, live and do business a top priority, because it will ultimately lead to economic development.
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P.R. needs laws to restructure public debt, investor says
February 27, 2015
Hedge fund manager Mohnish Prabai, who last year established an investment firm in Old San Juan, said Thursday Puerto Rico will find a “huge competitive advantage” in having the necessary legal tools to be able to restructure public debt.
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Puerto Rico’s bid for Ch. 9 inclusion heard in Congress
February 27, 2015
The U.S. House Judiciary Committee’s Subcommittee on Regulatory Reform, Commercial and Antitrust Law held a hearing Thursday on H.R. 870, known as the “Puerto Rico Chapter 9 Uniformity Act of 2015,” which drew a bi-partisan delegation from the island to express support for inclusion.
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