Open Mobile, one of the five wireless carriers serving the Puerto Rico market, has been spared from paying a $20,000 fine to the Federal Communications Commission for faltering to adequately report how it goes about protecting subscribers’ private information. The federal watchdog waived the fine late last week, after Open Mobile submitted a certification stating […]
Joaquín Bacardi and José Pérez-Riera In an effort to convey the message to the rum industry that PR is a viable place to do business, the Economic Development and Commerce Department announced the signing of a 20-year agreement with Bacardí Corp., ensuring its permanence on the island. As part of the agreement, the goverment will […]
UBS Financial Services Inc. of Puerto Rico is facing a possible lawsuit by the U.S. Securities and Exchange Commission, which recently issued a Wells notice regarding the sale of mutual funds that bought $1.5 billion in bonds that the Swiss-based bank had underwritten on the island, Bloomberg reported Friday.
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