Insurance Chief: End of ‘Obamacare’ enrollment nears
March 14, 2014
Puerto Rico residents have a little more than two weeks to sign up for health insurance or switch the terms of their coverage under the Affordable Care Act, Insurance Commissioner Angela Weyne said Thursday.
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CNE ranked ‘oustanding think-tank’ in global index
March 14, 2014
Puerto Rico’s Center for a New Economy has been included in the seventh annual 2013 Global Go To Think Tanks Report, the most comprehensive ranking of the world’s top think tanks commissioned by the World Bank. The nonprofit ranked 69th among the world’s 80 “think tanks to watch.”
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Op-Ed: Insuring against cyber risks could save your biz
March 14, 2014
Very seldom do we associate technology with an organization’s increased exposure to risk.
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Claro launches smartphone trade-in program
March 14, 2014
Claro Puerto Rico announced Thursday the start of its smartphone Trade-in program, which initially will allow iPhone users to exchange their current devices for newer models.
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Point Guard Insurance strikes tech agreement with AT&T
March 13, 2014
Compulsory driver’s insurance provider Point Guard Insurance recently partnered with AT&T to outfit its adjusters with tablets, so they can process claims on site.
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Moody’s removes ‘provisional’ designation after GO sale
March 12, 2014
Moody's Investors Service, the first of the trio of ratings agencies that a month ago slashed Puerto Rico’s credit to junk, on Tuesday removed the "provisional" designation from the Ba2 rating assigned to the Commonwealth’s issuance of $3.5 billion 2014 A General Obligation Bonds priced earlier in the day.
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Puerto Rico auto sales -9.3% in Feb., -7.6% YOY
March 12, 2014
Puerto Rico’s auto sales continue to take a beating this year, with 9.3 percent fewer units leaving dealerships in February, when 7,166 cars were signed away to their new owners.
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Gov’t hopes major tourism ventures will boost economy
March 12, 2014
Two investment groups announced plans this week to shell out a combined total of more than $460 million in separate acquisitions that will significantly strengthen Puerto Rico's status as a high-end luxury resort destination, government officials hope.
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GDB sells $3.5B in tax-exempt General Obligation bonds
March 11, 2014
The Government Development Bank for Puerto Rico has sold $3.5 billion worth of tax-exempt fixed rate General Obligation Commonwealth bonds, the agency announced.
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Paulson & Co. buys Condado Vanderbilt, La Concha duo
March 11, 2014
Paulson & Co. Inc., a New York-based investment firm, announced Monday it has acquired a majority interest in the Condado Vanderbilt and La Concha Renaissance Hotel and Tower, and the accompanying Condado Vanderbilt condominium towers in San Juan, for $260 million, including costs to complete construction of the Vanderbilt.
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Investors buy Punta Candelero Beach Resort
March 11, 2014
Puerto Rican investment firm Encanto Group announce Monday the acquisition of Punta Candelero Beach Resort and Marina at Palmas del Mar in Humacao.
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Claro Puerto Rico launches ‘4-Play’ bundle
March 11, 2014
Telecom provider Claro announced Monday the availability of its “4-Play” bundle of services that combine broadband, television and unlimited fixed telephone services, as well as a free Android tablet for on-the-go connections.
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InterAmerican Univ. Arecibo opens $4.5M student center
March 11, 2014
The Arecibo campus of the InterAmerican University of Puerto Rico recently opened its new, three-story, $4.5 million multi-purpose building to provide a place where students and faculty can gather to benefit from services and resources designed to help them further their academic and professional development, school officials said.
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Puerto Rico gov’t lays out risks ahead of bond issue
March 10, 2014
On the eve of what seems to be a “do-or-die” trip to the stateside bond market through which it is seeking to sell at least $3 billion in Commonwealth General Obligation bonds, the government is warning would-be investors that purchasing into the deal “involves significant risks.”
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AT&T slashes rates for individuals, 2-line accounts
March 10, 2014
Last month, AT&T announced aggressive pricing plans for families and small businesses, as well as international offers.
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