Movie and gaming retailer Blockbuster has spent the past three months quietly closing its stores in Puerto Rico, a market it could be possibly exiting by summer, this media outlet has learned.
New governor, same announcement. During the Puerto Rico Manufacturers Association’s annual convention this weekend, Gov. Alejandro García-Padilla signed an executive creating a manufacturing advisory council that resembles one endorsed in 2011 by his predecessor, former Gov. Luis Fortuño.
Insurance industry credit ratings agency A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of MAPFRE PRAICO Insurance Company, its wholly owned subsidiary, MAPFRE Preferred Risk Insurance Company, and an affiliate, MAPFRE Pan American Insurance Company, collectively known as the MAPFRE PRAICO Group.
For the second consecutive year, Puerto Rico radio industry professionals are coming together to reaffirm the importance of radio and its standing as one of the island’s most influential media.
This isn’t like the competition we see on today’s popular entertainment television shows. No, it’s far more serious competition and recognition of small businesses that create jobs, produce revenue, lift local economies, support the local infrastructure and give back charitably to the communities where they live and work. It’s about the business of America.
Rock Solid Technologies Inc., a Puerto Rican software development company, recently acquired the “Virtual Kollector” software product from Knowledge Power Group Inc. that allows online government tax collections, and facilitates other transactions.
The three-day Puerto Rico Heineken International Regatta, which took place over Memorial Day weekend in Palmas del Mar in Humacao represented an economic injection of more than $1 million into area hotels and businesses, event organizers said.
Twelve years after making its local debut, retailer Macy’s Inc. announced Friday plans to open a new store in Ponce, in the fall of 2015. The two-level, 150,000 square-foot store will be located in Plaza del Caribe, owned by Empresas Fonalledas.
The Guayacán Venture Accelerator will select 10 local companies next month to participate in advanced executive education and feedback from local and international investors to support their expansion within and outside of Puerto Rico. The GVA program is run by Grupo Guayacán Inc., a nonprofit Puerto Rican venture capital fund manager.
The Puerto Rico Industrial Development Co. marked Thursday its 71st anniversary with an event coordinated by agency employees and dedicated to its first Executive Director, Teodoro Moscoso.
Doral Bank announced Thursday the return of its “Ruta Mujeres d Éxito” educational initiative that supports professional and entrepreneurial women free of charge. The events will take place on Saturdays, June 8, 15, 22 and 29 at Doral’s Mayagüez, Ponce Town Center, Río Grande and San Juan (Roosevelt Avenue) branches from 9 a.m. to 2 p.m.
Aspect Software, a provider of next generation customer contact and enterprise workforce optimization, announced the launch of “Aspect Social,” a cloud-based offering that aligns interactions organizations have with customers on Facebook, Twitter, blogs and online communities with their overall customer contact operations.
Gov. Alejandro García-Padilla has named Javier Rúa-Jovet, who served as deputy secretary of the Department of Natural and Environmental Resources under the Aníbal Acevedo Vilá administration, as the new president of the Puerto Rico Telecommunications Regulatory Board, this media outlet has learned.
Merck’s pharmaceutical operations in Puerto Rico are ramping up their production capacity with the recent addition of Liptruzet cholesterol inhibiting tablets, which are being manufactured in Las Piedras, Andrew Wirths, general manager of the company on the island, said Wednesday.
Despite the existence of several adverse factors that affect the price of renewable energy production in Puerto Rico, the amount per kilowatt-hour is considerably lower today than what it costs the Puerto Rico Electric Power Authority to produce energy from fossil sources, the head of the Association of Renewable Energy Producers said Wednesday.
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