Labor Secretary Miguel Romero submitted a $116.5 million budget for fiscal 2012 to the House Treasury Committee Friday, saying it will be enough for the agency to operate and run a number of programs that pursue job creation in a market where the workforce barely reaches 42 percent.
First BanCorp continued its path of negative quarterly growth, reporting a net loss of $28.4 million for the first quarter of 2011. However, the result for the period ended March 31 reflected a marked improvement from the $251.4 million net loss reported for the fourth quarter of 2010 and the $107 million net loss for the first quarter of 2010.
"Fast Five," the latest installment of the “Fast & Furious” movie franchise, which was filmed almost entirely in Puerto Rico last year, raced into theaters last weekend, becoming Hollywood’s best performing film of 2011, with $86.2 million at the box office during its debut.
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