Liberty Puerto Rico to buy Choice Cable for $272.5M
December 10, 2014
Liberty Cablevision of Puerto Rico LLC announced Wednesday that affiliates of its indirect majority shareholder, Liberty Global and its indirect minority shareholder, Searchlight Capital Partners, L.P., have entered into an agreement to acquire 100 percent of the parent of Puerto Rico Cable Acquisition Company Inc., which does business as Choice Cable TV.
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Study: Banking clients ‘more satisfied’ with credit unions
December 10, 2014
Tired of ATM fees, overdraft penalties, charges for checking account maintenance, among other service expenses, customers are tilting more toward credit unions over commercial banks, the most recent report by the American Customer Satisfaction Index, overseen in Puerto Rico by Anderson Research International, concluded.
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UBS Puerto Rico slashes 40 jobs in restructuring
December 9, 2014
UBS Puerto Rico is cutting 40 out of 100 positions as part of a restructuring announced earlier this year that could also entail closing at least two of its five local offices. The layoffs are effective immediately.
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Collaborative space in Santurce gets broadband hookup
December 5, 2014
The Foundation for Puerto Rico and Columbus Business Solutions announced Thursday an agreement whereby the latter will outfit the nonprofit’s “Colaboratorio” space in Santurce, enabling grassroots organizations sharing the space to have access to high-speed broadband technology.
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Santander Universidades launches Becas Santander app
December 5, 2014
College students from more than 1,100 universities and research centers worldwide will now have free access to the new Becas Santander mobile application, launched through Banco Santander’s Santander Universidades division.
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Claro provides free Wi-Fi to San Patricio plaza food court
December 5, 2014
Telecommunications provider Claro and San Patricio Plaza executives announced Thursday that the carrier will be offering free Wi-Fi access to the mall’s food court patrons, who will be able to connect through any mobile device — smartphones, tablets and laptops.
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37 retailers to pay $925K fine in Tous counterfeit suit
December 4, 2014
Some six months after Tous — the Spanish design house known for its emblematic teddy bear — filed a civil suit against Puerto Rican businesses and individuals for allegedly selling counterfeits of its products, the U.S. District Court in San Juan issued a combined $925,000 in fines against 37 defendants in the case.
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Puerto Rico bankruptcies at -6.3% in November
December 3, 2014
Bankruptcy filings dropped by 6.3 percent in November, when a total of 771 cases were filed, in comparison to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico on Tuesday.
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Puerto Rico’s public schools getting $15M tech upgrade
December 2, 2014
Puerto Rico Department of Education officials announced Monday the start of a $15 million technological upgrade program that aims to improve the infrastructure for Internet connectivity at the island’s 1,384 schools over the next five years.
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Combate Beach spends $300K in energy efficiency tech
December 1, 2014
The Parador Combate Beach has invested some $300,000 in the past four years in energy efficiency technology — including solar panels and equipment — to cut its reliance on Puerto Rico’s energy grid and reduce its costs through alternative power sources, hotel officials said recently.
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Business leaders discuss challenges affecting operations
December 1, 2014
More than 25 business leaders gathered to share their strategies in the face of the economic challenges Puerto Rico is experiencing, pointing out four specific issues that jump out under current conditions.
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Liberty donates $165K to 8 community organizations
December 1, 2014
Liberty Puerto Rico donated $165,000 to eight community organizations, resulting from its 18th annual Liberty Golf Invitational Tournament, company executives announced late last week.
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Trade groups: Transportation shutdown would be chaos
November 26, 2014
Nine local trade organizations representing contractors, mechanics, architects and engineers, among others, raised a collective red flag of concern over the looming possibility of a shutdown of the Puerto Rico Highway and Transportation Authority, saying it would be “chaos” and would leave hundreds of workers on the street during the holiday season.
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Puma to build $10M aircraft fuel facility at LMM airport
November 26, 2014
Aerostar Airport Holdings, LCC and Puma recently signed an agreement through which the fuel company will build a $10 million storage and distribution facility at the Luis Muñoz Marín International Airport to supply airlines operating at the Carolina hub.
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4 finalists on track for ‘Journey to Business Success’
November 25, 2014
Plaza Las Américas and MasterCard announced Monday the four finalists chosen for the last leg of the “Journey to Business Success” initiative that will offer the winner a chance to establish a freestanding cart at the mall, free for six months, and receive a $10,000 debit card.
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