Puerto Rico’s 1st IT sector study reveals growth potential
November 18, 2014
Puerto Rico’s information technology industry generated nearly 3,000 jobs this year, split among 55 of the largest companies doing business on the island.
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H3 Tech conference to promote sector get-together
November 18, 2014
Puerto Rico’s technological sector has taken a pivotal role in the ongoing growth of the island’s entrepreneurial ecosystem, a phenomenon that has prompted the celebration of the upcoming H3 Tech Conference on Nov. 21-22, to give so-called "Hustlers,” "Hipsters," and "Hackers" the forum to exchange ideas, experiences and knowledge.
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Executive appointments at tax firm, hotels
November 17, 2014
Several hotels and a tax firm based in Puerto Rico announced executive appointments recently.
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P.R. Treasury: At $676M, Oct. revenues beat estimates
November 13, 2014
Puerto Rico General Fund revenue collections reached $676 million in October, beating government estimates by $7 million. However, the results were $185.6 million less when bumped up against October 2013 figures.
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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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