Comar Inc. sells majority stake to investment firm
November 4, 2013
Private investment firm Graham Partners has acquired a majority stake in Comar Inc., a manufacturer of packaging solutions and liquid dispensing products for the pharmaceutical, diagnostic, health, and personal care markets with plants in New Jersey and Cayey, where it employs 50.
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Weekend Wheels: The Porsche Cayenne Diesel
November 4, 2013
A couple of weekends ago, this media outlet got the chance to test drive the Cayenne Diesel, the newest addition to Porsche line of luxury SUV’s and a recent arrival to the Puerto Rico market.
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6 new members named to Science Trust board of trustees
November 4, 2013
Puerto Rico Science, Technology and Research Trust board of trustees Chairman Alberto Bacó-Bagué, announced the appointment of six new members.
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MSC Divina arriving San Juan for 1st time later this month
November 4, 2013
The MSC Divina cruise ship recently bade farewell to Venice and embarked on an 18-night voyage to Miami, where it will become the first Fantasia class ship to sail from North America and the first MSC cruise ship to offer year-round Caribbean sailings.
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Glaxo exec Connelly talks of need to transform pharmas
November 1, 2013
It was five years ago that manufacturing giant GlaxoSmithKline North America Pharmaceuticals took a step back to assess the way it was doing business.
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Puerto Rican builders looking to LatAm for growth
November 1, 2013
Large scale exports of local building services to Latin America may soon be a reality for hundreds of Puerto Rican entrepreneurs, as countries such as Peru and Colombia are interested in developing infrastructure projects and public-private partnerships worth billions that could be served from the island.
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Delta adds new JFK/San Juan flight
November 1, 2013
Delta Air Lines announced Thursday the introduction of a new daily frequency from New York’s JFK International Airport to the Luis Muñoz Marín Airport. The new flight will operate from Dec. 19, expanding to five the daily services Delta operates between these cities.
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Puerto Rico brokerage firm Consultiva Securities sold
November 1, 2013
Fairbridge Capital Partners announced Thursday it has completed the purchase of Puerto Rico based brokerage firm Consultiva Securities. The terms of the deal were undisclosed.
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FirstBank acting on cleaner balance sheet to push growth
October 31, 2013
On the heels of a good third quarter, FirstBank executives are looking to capitalize on a “cleaner balance sheet” to continue strengthening and growing its franchise on all fronts in Puerto Rico, the U.S. Virgin Islands and South Florida.
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UBS looks to clear the air with clients after SEC decision
October 31, 2013
A day after the Securities and Exchange Commission absolved two of its top Puerto Rico financial advisors of charges of misleading or defrauding customers, UBS Financial Services looked to clear the air with its client base through an extensive letter in which it addressed a number of public allegations regarding its recent business practices.
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Puerto Rico retail sales down 0.3% in July
October 31, 2013
Puerto Rico’s retail sales were down 3 percent year-over-year in July — the most recent statistic available for the sector — when some $2.94 billion in activity was reported.
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7th LongHorn Steakhouse to open at Hyatt Place Manatí
October 31, 2013
Executives from the LongHorn Steakhouse chain announced Wednesday plans to open its seventh restaurant in Puerto Rico, at the Hyatt Place Manatí & Casino Atlántico, currently in its final stage of construction.
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SBA Puerto Rico signs on VegaCoop as 7(a) lender
October 31, 2013
The U.S. Small Business Administration has given authority to VegaCoop to provide financial assistance to small business owners under SBA’s 7(a) Loan Guaranty program, SBA District Director Yvette T. Collazo announced today.
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Microsoft donates Office 365 software to nonprofits
October 31, 2013
Microsoft Corp. announced this week it will be donating its Office 365 software to eligible nonprofits in 40 countries worldwide, including Puerto Rico, enabling them to have access to a range of cloud-based productivity and collaboration tools so they can spend less time in front of the computer and more time addressing their social causes.
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Redesigned Mazda3 hits Puerto Rico roads
October 31, 2013
The ompletely redesigned 2014 Mazda3 has arrived in Puerto Rico to “revolutionize the compact car segment,” Mazda de Puerto Rico General Manager Carmen Cedré said Wednesday.
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