The U.S. Small Business Administration is seeking nominations for awards honoring the critical economic role small businesses play in federally funded research and development through SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
Citing Doral Financial Corp.’s “weakened capital position and very high nonperforming assets,” Standard & Poor's Ratings Services lowered its issuer credit rating to 'CCC-' from 'CCC+,' with a negative outlook.
Governor-elect Alejandro García-Padilla said the recent downgrade by Moody’s Investors Service of the Commonwealth of Puerto Rico’s General Obligation bonds “further signal the need for fiscal discipline at the central government and in our public corporations.”
The Puerto Rico Bankers Association and the New York Federal Reserve Bank recently announced the winners of the 2012 “Puerto Rico Financial Awareness Video Contest,” which drew participation from 122 students from 19 universities. The competitors submitted 19 videos aimed at encouraging financial skills and responsibility among our youth.
The number of vehicles that rolled off the lots in Puerto Rico reached 8,773 units in November, which represented a flat 0.2 percent year-over-year improvement and kept the breaks on nearly 10 months of consecutive growth, the United Automobile Importers Group known as GUIA revealed.
Praxair Inc. and its divisions and subsidiaries — Praxair Distribution, Inc., Praxair Healthcare Services, Praxair Canada Inc., and Praxair Puerto Rico B.V. — will be increasing the prices charged to its bulk and packaged, industrial, electronics, specialty and medical gas customers in the U.S mainland, Canada and Puerto Rico of effective Jan. 1.
Moody's Investors Service downgraded Puerto Rico’s general obligation rating Thursday to Baa3 from Baa1, affecting about $38 billion of the island’s debt held by more than a handful of agencies.
The San Juan Beach Hotel in Condado unveiled its $2.3 million makeover Thursday, that included renovating its rooms, and redesigning the lobby and common areas to offers a new look and affordable prices to local and international customers.
Scotiabank has taken “Global Bank of the Year” honors from The Banker magazine, along with recognition in seven other categories including “Bank of the Year for the American Continent.” It is the first time a Canadian bank receives recognition in these categories.
Arcos Dorados, operator of the McDonald’s restaurants in Latin America and the Caribbean announced Thursday the upcoming opening of three new establishments in Puerto Rico later this month.
Puerto Rico’s food industry eliminated 3,000 jobs during the 12-month period ended August 2012 and is bracing for the effects of a double-dip recession that could thwart sales, at least during the first half of 2013.
New research unveiled Wednesday by Connect Puerto Rico shows that nearly 85 percent of Puerto Rico households have access to fixed broadband at advertised speeds of at least 3 Mbps download/768 Kbps upload, up from 57 percent one year ago. This represents significant network expansion across the island.
The first Ritz-Carlton Reserve property in the Americas officially opened for guests Wednesday in Dorado, bringing back to life the former Dorado Beach hotel five years after it was shuttered.
The U.S. Environmental Protection Agency announced Wednesday that José Font has been selected to lead its Caribbean Environmental Protection Division, covering Puerto Rico and the U.S. Virgin Islands.
Banco Santander Puerto Rico recently awarded $9.3 million in financing for the development of the San Germán Surf and Fun Waterpark planned for that municipality.
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