CNE supports independent energy regulatory board
November 7, 2013
The Center for a New Economy expressed its support Wednesday of the creation of an independent energy regulatory board to “rigorously oversee” the Puerto Rico Electric Power Authority’s operations, to spur an improvement in the grid and a reduction in electricity costs passed on to consumers.
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SBA lending in Puerto Rico, USVI up 8% in FY 2013
November 7, 2013
The U.S. Small Business Administration supported more than $75 million in loans to Puerto Rico and U.S. Virgin Islands small businesses during fiscal year 2013, an 8 percent increase over fiscal year 2012, the agency announced Wednesday.
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Puerto Rico Bankers Assoc., FDIC to offer joint seminar
November 7, 2013
The Puerto Rico Bankers Association and the Federal Deposit Insurance Corp. will present the 7th edition of the Minority Depository Institution Training Seminar on Nov. 7-8.
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Federal Home Loan Bank, EVERTEC appoint executives
November 7, 2013
The Federal Home Loan Bank of New York and EVERTEC Inc. announced appointments Wednesday.
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MIDA to offer labor and employment seminar
November 7, 2013
The Puerto Rico Marketing, Industry and Food Distribution Chamber (MIDA for its Spanish acronym) is offering a labor and employment seminar.
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Retailers, Ana G. Méndez to collaborate on study
November 7, 2013
The Puerto Rico United Retailers Association and the Ana G. Méndez University System signed a collaboration agreement this week through which the Turabo University School of Business and Entrepreneurship will conduct a study on the current situation of small and medium enterprises, better known as PYMES.
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S&P: 1-in-3 chance of a Puerto Rico ratings cut by ’15
November 6, 2013
Puerto Rico’s general obligation credit ratings could be spared from another downgrade from Standard & Poor’s at least through March 2015 if the government makes good on its commitment to rein in its structural deficit over the next two years, follows through on its plans to reduce major liabilities, such as public pensions, and upholds its revenue stream.
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Shoe Carnival adds 3 new stores to Puerto Rico footprint
November 6, 2013
A little less than 18 months after entering the local market footwear retailer Shoe Carnival is keeping its momentum going with the addition of three new stores this month, and plans to open at least five more in the next two years, Todd Beurman, senior vice president of marketing, said Tuesday.
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EPA to spend $3M to clean up Scorpio Recycling site
November 6, 2013
The U.S. Environmental Protection Agency has finalized its plan to address contaminated soil at the Scorpio Recycling Superfund site in Toa Baja, and will begin clean up efforts that will cost an estimated $3 million, the agency announced Tuesday.
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UPR-Río Piedras earns int’l accreditation in business
November 6, 2013
The Association to Advance Collegiate Schools of Business, an association of more than 1,350 educational institutions, businesses, and other organizations in 85 countries and territories, announced Tuesday that five U.S. colleges, including University of Puerto Rico at Río Piedras, have earned accreditation in business.
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Puerto Rico Tourism Co., PRTEC ally for regional growth
November 6, 2013
The Puerto Rico Tourism Co. and the Puerto Rico and Caribbean Technoeconomic Corridor partnered Tuesday to promote innovation and economic development along the western flank’s Porta del Sol region.
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Doral Financial reports $7.5M loss for 3Q13
November 5, 2013
Doral Financial Corporation today reported a net loss for the third quarter ended Sept. 30, 2013 of $7.5 million, closing the gap from net losses of $10.4 million and $32.5 million for the second quarter ended June 30, 2013 and the year ago quarter ended Sept. 30, 2012, respectively.
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Dozens of counterfeits seized in raids across Puerto Rico
November 5, 2013
The fight against the proliferation of counterfeit goods in Puerto Rico has been escalating in recent months, with the latest round taking place last week when local and federal law enforcement officials conducted seizures of knock-offs of nearly 20 brands sold by a handful of retailers that now face thousands of dollars in fines for violating copyright laws.
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United launches daily SJ/Chicago nonstop flights
November 5, 2013
United Airlines today will begin daily nonstop flights from its hub at Chicago O'Hare International Airport to Luis Muñoz Marín International Airport in San Juan.
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Treasury reports $262M preliminary haul in October
November 4, 2013
Treasury Secretary Melba Acosta-Febo, announced that preliminary revenues for the month of October 2013 increased by $262 million compared to October 2012, and totaled $856 million for the month.
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