Puerto Rico’s 1st Olive Garden breaks global sales record
November 13, 2014
More than 150,000 people sat down for an Italian meal at Puerto Rico’s first Olive Garden restaurant during its first three months of operations, shattering world records for the chain worldwide, franchisee Restaurant Operators Inc. said Wednesday.
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Horizon Lines exiting Puerto Rico market by year’s end
November 12, 2014
Fifty-six years after it began offering cargo services between Puerto Rico and the U.S. mainland, Horizon Lines Inc. announced Tuesday that it would cease providing liner service by the end of 2014, citing “continuing losses without the prospect of future profitability.”
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Meet Puerto Rico names hotelier Hopgood to head Board
November 12, 2014
The Board of Directors of Meet Puerto Rico announced Tuesday the appointment of hotelier Peter Hopgood as chairman.
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Puerto Rico car sales mark 9th month of decline in Oct.
November 11, 2014
Motor vehicle sales in Puerto Rico skidded into their ninth month of steady decline in October, when activity declined by 19.7 percent year-over-year, the United Automobile Importers Group revealed Monday.
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Italian accessory shop Campo Marzio to open in Dec.
November 11, 2014
Campo Marzio, an Italian retailer with more than 80 years in business and more than 90 stores worldwide, will open its first shop in Puerto Rico, at the Plaza Las Américas shopping center in December.
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Telecom Board launches tech workshops for seniors
November 11, 2014
Puerto Rico Telecommunications Regulatory Board President Javier Rúa-Jovet announced Monday the start of a series of free workshops to provide digital education to the island’s senior citizen population residing in 33 towns.
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Claro launches new wireless plans with more data
November 7, 2014
Wireless service provider Claro announced Thursday the availability of new contract-free plans offering more data and LTE speeds of 10GB, 15GB and 30GB. The new plans are designed for clients that consume high levels of broadband data, and are priced at $60, $70 and $100 a month, respectively.
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Administration files bill to shore up HTA’s finances
October 31, 2014
Government Development Bank President Melba Acosta announced Thursday the filing of legislation containing measures to improve the fiscal and financial situation of the Puerto Rico Highways and Transportation Authority.
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Energy Answers lands EQB final permit for Arecibo plant
October 31, 2014
More than three years after first proposing the construction of a $750 million Resource Recovery Facility — or waste-to-energy — plant in Arecibo, Albany, NY-based Energy Answers confirmed Thursday that the Puerto Rico Environmental Quality Board of Puerto Rico granted the Air Quality Location and Construction Final Permit needed to move forward with the project.
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FirstBank reports $23.2M in 3Q14 net income
October 28, 2014
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Monday net income of $23.2 million for the third quarter of 2014, or $0.11 per diluted share, compared to $15.9 million, or $0.08 per diluted share, for the third quarter of 2013.
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Puerto Rico Int’l Auto Show kicks off 16th edition
October 28, 2014
The Puerto Rico International Auto Show, a highly anticipated event by local car enthusiasts, kicked off its 16th edition at the Plaza Las Américas shopping center with an exhibit by leading motor vehicle distributors who have come together to present their 2015 models. The event runs through Nov. 3
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Puerto Rican products to take part in Miami exhibit
October 28, 2014
A delegation of 13 Puerto Rican companies will exhibit their products at the Americas Food & Beverages Show event, which will take place Oct. 27-28 at the Miami Beach Convention Center, said Puerto Rico Trade and Export Executive Director Francisco Chévere on Monday.
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Sun West closes 95% of Ciudadela mortgage loans
October 28, 2014
Sun West Mortgage Company Inc. announced Monday it has closed 95 percent of the mortgage loans filed for apartments at the Ciudadela high-rise in Santurce.
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Lawmaker sues government over restructuring reports
October 27, 2014
Citing local and federal Constitutional rights that establish freedom of information, New Progressive Party Rep. José Enrique Meléndez filed a lawsuit against the Government Development Bank and Gov. Alejandro García-Padilla, asking the court to order them to release reports crafted by private firms proposing a restructuring of Puerto Rico’s economy.
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Bahía Urbana to close ’14 with more than 100 events
October 27, 2014
Bahía Urbana, a mixed-use entertainment venue in the San Juan Bay area, will close 2014 with more than 100 events between box office and free events for the community, and an estimated 250,000 attendees, General Manager Linnette Isona said.
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