Medtronic completes $50B acquisition of rival Covidien
January 27, 2015
Medtronic plc, a global developer of medical technology, services and solutions, announced Monday it has successfully completed the previously announced acquisition of Covidien plc, in a cash-and-stock transaction valued at some $49.9 billion.
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Weekend Wheels: Fiat 500L is fun, fearless…and fast
January 26, 2015
The Fiat 500L is one of those vehicles that, upon first glance, can fool anybody into thinking that it’s all about looks.
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Freelancers band together to offer range of services
January 26, 2015
More than 500 independent professionals have joined a network that aims to generate and identify work opportunities in Puerto Rico, with the idea of navigating the current economic conditions.
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Popular Inc. earns $52.9M in 4Q14, banks on recovery
January 23, 2015
Popular Inc. reported net income of $52.9 million for the quarter ended Dec. 31, 2014 on Thursday, when CEO Richard Carrión told analysts that the bank’s “strong market position, significant liquidity, excess capital levels and internal capital generation will continue to be key to our future performance.”
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Puerto Rico needs to find ‘mofongo factor’ to compete
January 23, 2015
Puerto Rico needs to find that one thing that makes it authentic to be able to compete against — and move ahead of — other tourist destinations that offer the same basic travel experiences. And that one thing, according to a branding expert, is the “mofongo factor.”
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Puerto Rico auto sales drop to ’09 levels, 88K sold in ’14
January 22, 2015
Puerto Rico new car sales totaled 88,175 units in 2014, down 12.3 percent versus 2013, and representing the lowest level of sales since 2009, members of the United Automobile Importers Group said Wednesday.
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Science Trust announces availability of $1.4M in grants
January 22, 2015
The Puerto Rico Science, Technology and Research Trust will be putting up to $1.4 million in grants to help scientists complete federal grant funding applications and to attract new talent to local universities, Interim Executive Director Iván Ríos-Mena said Wednesday.
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Puerto Rico’s 3rd Olive Garden planned for Barceloneta
January 22, 2015
Restaurants Operators Inc., owners of the Olive Garden franchise in Puerto Rico, announced Wednesday the start of construction of its third restaurant, representing a $3 million investment in the northern town of Barceloneta.
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Telecom Board opens Liberty/Choice deal for comment
January 21, 2015
The Puerto Rico Telecommunications Regulatory Board has opened for public comment the petition submitted by Liberty Cablevision of Puerto Rico to buy Choice Cable TV, and fold the latter’s franchise license into its local operation, this media outlet confirmed.
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Mall of San Juan opening ushers in era of luxury retail
January 20, 2015
In less than 90 days, Puerto Rico will become the official home to one of the most high-end shopping centers in the Caribbean, with the opening of the Mall of San Juan and its long list of luxury retailers.
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Venezuelan food company opens Puerto Rico plant
January 20, 2015
Industrias Alimenticias Alto de San Juan, owned by two Venezuelan companies, announced Monday plans to manufacture its products in Puerto Rico.
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Puerto Rico banks announce Martin Luther King hours
January 19, 2015
Puerto Rico’s commercial banks will be observing today’s Martin Luther King holiday with special hours, scheduled as follows:
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Puerto Rico CIO González among ‘Top 100 Most Social’
January 19, 2015
Puerto Rico’s Chief Information Officer, Giancarlo González, was included in this year’s “State of the CIO” survey, which lists the top 100 information technology executives in the nation based on their presence on Twitter.
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Puerto Rico Treasury: Dec. revenue at $854M
January 16, 2015
The Puerto Rico Treasury Department said Friday that collections for December 2014 totaled $854 million, or $71.2 million less than the same month in 2013, and $64 million below projections.
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Fuel tax hike signed into law, lawmakers OK revisions
January 16, 2015
Puerto Rico Gov. Alejandro García-Padilla signed Thursday the law that approves a 68 percent increase in the excise tax over crude oil and its derivatives to $15.50 from $9.25 per barrel, expected to take effect immediately.
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