Guayacán picks EnterPRize competition winners
December 6, 2012
CitaMed.net, a start-up company that offers a fully automated medical appointment confirmation service for doctors appointments and other healthcare-related visits walked away as this year’s winner of the eighth annual edition of the “EnterPRize” business plan competition, sponsored by Grupo Guayacán.
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Toyota introduces Avalon ’13, hybrid model next year
December 6, 2012
Toyota de Puerto Rico unveiled Wednesday its new, redesigned Avalon 2013, which combine styling, innovation, and an elevated level of craftsmanship to help reposition the flagship sedan within the highly competitive premium mid-size segment.
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Latest boycott of ‘La Comay’ could be costly for WAPA TV
December 5, 2012
The backlash generated in response to recent comments made by puppeteer Antulio “Kobo” Santarrosa through his television show “SuperXclusivo” and female alter-ego “La Comay” about a gruesome murder that took place over the weekend could take a significant bite out of WAPA TV’s (Ch. 4) advertising revenue, as a handful of its major corporate sponsors pulled their ads from the prime-time slot Wednesday.
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CNE: Gov’t will have 90 days to lay out fiscal plans
December 5, 2012
Come January, when the new administration headed by Gov.-elect Alejandro García-Padilla takes over the reins of the government, it will have 90 days or so to present stateside credit agencies a “viable and concrete” plan outlining its strategy to tackle Puerto Rico’s fiscal problems, executives from the Center for the New Economy said Tuesday.
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Inteco launches regional broadband network
December 5, 2012
The Central Eastern Technological Initiative, or Inteco, launched its ambitious $16.3 million broadband network project that will benefit a 10-town region through advanced Internet access Tuesday, a little more than a year after announcing its plans.
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Visa: Latin American commercial spending at $7.8T in ’11
December 5, 2012
Visa Inc. released its annual global Commercial Consumption Expenditure index, which estimates that commercial spending — including small, medium, large and governments — in Latin America and the Caribbean reached $7.8 trillion dollars in 2011.
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Sea Star parent orders 2 $350M eco-friendly cargo ships
December 5, 2012
New Jersey-based TOTE Inc. has contracted General Dynamics NASSCO to design and build two 764-foot TEU liquefied natural gas-powered containerships to serve the Puerto Rico maritime trade route, with options for three more vessels for additional domestic service, the companies announced Tuesday.
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Eaton closes acquisition of Cooper Industries
December 5, 2012
Diversified industrial manufacturer Eaton Corporation plc and electrical equipment supplier Cooper Industries plc announced Tuesday that Eaton has completed its acquisition of Cooper.
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US DOL sues Sabana Grande farmer over unpaid minimum wage
December 4, 2012
The U.S. Department of Labor has filed a lawsuit against agricultural employers José V. Fabre Laboy, doing business as Bananera Fabre, and his son, José V. Fabre Santiago, doing business as Finca La Plata, for failing to pay their workers the minimum wage as required by the Fair Labor Standards Act.
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AT&T adds 3 more towns to 4G LTE footprint
December 4, 2012
AT&T de Puerto Rico Rico has turned on its 4G Long-Term Evolution network in the Yauco, Guayama and the San Germán-Cabo Rojo, adding 26 new towns to its service footprint outside the San Juan metropolitan area, the company announced Monday.
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Puerto Rico gets $10.5M from U.S. charities in ’07-’09
December 4, 2012
U.S. foundations awarded 263 grants totaling $10.5 million between 2007 and 2009 to recipient organizations in Puerto Rico. But despite the island’s higher poverty rate, stateside foundations gave proportionally less to the territory compared to some states with a similar number of Latinos, according to the “Foundation Funding for Hispanics/Latinos in the U.S. and for Latin America,” study conducted by Hispanics in Philanthropy.
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Petco opens 1st Puerto Rico store in Río Piedras
December 4, 2012
San Diego, CA-based pet specialty retailer Petco quietly opened its first store in Puerto Rico Monday in Río Piedras, setting up shop in a 11,000 square-foot space that houses a full line of grooming services and dog training as well as a watersports department.
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Happy Products donates 13K cereal boxes to local nonprofits
December 4, 2012
Because breakfast is the most important meal of the day, food distributor Happy Products this week loaded up three trucks with more than 13,000 boxes of cereal to be donated to several nonprofits in Puerto Rico.
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Banking regulators OK Oriental’s BBVA Puerto Rico buyout
December 3, 2012
Oriental Financial Group Inc. announced today it has received all regulatory approvals necessary to close its previously announced $500 million acquisition of Banco Bilbao Vizcaya Argentaria, S.A.’s Puerto Rico operations.
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Puerto Rico needs to ‘refocus to find economic growth’
December 3, 2012
Puerto Rico’s current economy is smaller and less populated than when many of its legal and government structures were effected, making it necessary to refocus development policies to be able to move forward.
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