Oriental Financial Group Inc. released results for the second quarter ended June 30 that reflected income of $25.3 million, a significant increase from the $4.2 million loss reported for the same quarter in 2010 and a profit of $1.9 million for the first quarter that ended in March.
Hundreds of farmers on the island will receive close to $1 million in assistance from the U.S. Department of Agriculture’s Reimbursement Transportation Cost Payment Program, Resident Commissioner Pedro Pierluisi announced Thursday. The reimbursement is the largest amount granted by the federal agency in fiscal 2010.
For the second time in the past five years, AMR Corp., parent company of American Airlines Inc., has announced plans to divest its wholly owned regional carrier American Eagle. The strategy calls for spinning off the operation as an independent business.
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