Lilly denies Guayama plant closing, launches retirement window
November 14, 2012
Shooting down reports circulated Tuesday saying it planned to close its Guayama operation, pharmaceutical company Lilly del Caribe announced and launched a voluntary severance program for eligible employees working at the site.
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Report: Puerto Rico ‘not alone’ in energy challenge
November 14, 2012
The tripling of global oil prices during the last decade has been largely passed through to consumers in Puerto Rico’s oil‐intensive economy, causing a domino effect that has trickled down through the main sectors of the economy, Banco Popular’s “Progreso Económico” report concluded.
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Scarborough begins gauging local consumer trends
November 14, 2012
Scarborough Research, a company dedicated to gathering insight on consumer shopping patterns, media usage across platforms, and lifestyle trends for adults, formally announced its entrance into the Puerto Rico market.
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Aon Puerto Rico names new president
November 14, 2012
Aon Puerto Rico announced this week the appointment of Manuel Bermúdez as the new president of its local operations. He succeeds Iván Méndez, who held the post for the past five years and will now chair the company’s board.
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Chef Andrés to open ‘Mi Casa’ eatery at Dorado Beach
November 14, 2012
When Dorado Beach, a Ritz-Carlton Reserve debuts as the first Reserve in the Americas on Dec. 12, it will also usher in a groundbreaking level of culinary excellence with Mi Casa by José Andrés.
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Doral stock plunges 19%, faces delisting
November 13, 2012
Doral Financial Corp.’s stock plunged 19 percent Monday, closing at .57 cents per share. The significant drop comes in the wake of $32.5 million in third-quarter losses and a warning from the New York Stock Exchange of a possible delisting, as its stock has been trading for less than $1 over the past 30 days.
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CPAs call for collaboration from new government
November 13, 2012
Puerto Rico Society of Certified Public Accountants President Kenneth Rivera-Robles urged all sectors to set forth a reform program to help the island’s new leaders to get over the current crisis.
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Analysis: Rescinding airport P3 could cost gov’t up to $8M, lawsuit risk
November 12, 2012
If the Puerto Rico government were to walk away from the public-private partnership that turns over the responsibility of managing and operating the Luis Muñoz Marín International Airport to Aerostar Holdings, it would have to compensate the consortium with as much as $8 million for its troubles, according to the 40-year lease agreement signed earlier this year.
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TRB edges closer to fully regulating satellite TV carriers
November 12, 2012
More than 18 months after getting the legal go-ahead to include satellite television companies within its jurisdiction, the Puerto Rico Telecommunications Regulatory Board is moving closer to implementing the regulations that companies will be required to follow.
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Rum & Beer Fest to feature Puerto Rican brands
November 12, 2012
Two major local industries, rum and beer, will come together under one roof for the upcoming Rum & Beer Fest Nov. 17-18 at the Puerto Rico Convention Center.
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Nat’l University College adds 9 new online programs
November 12, 2012
National University College, an institution dedicated to educating Hispanics by offering courses online and in Spanish, is adding nine programs in the areas of business, forensics and human resources, school officials announced.
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Products Association sponsors financial seminar
November 12, 2012
Economic uncertainty has led many companies to face delicate financial situations, often leading to defaulting on their credit. But because good credit management is key to protecting against default, the Puerto Rico Rico Products Association will sponsor a seminar Nov. 14 to provide strategies to avoid pitfalls.
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Liberty Puerto Rico closes OneLink acquisition
November 9, 2012
Exactly one week after Liberty Cablevision got the go-ahead from the Puerto Rico Telecommunications Regulatory Board to buy OneLink Communications, today the company announced it has closed the $585 million deal.
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JetBlue adds 2 flights to DR; launches co-branded card
November 9, 2012
JetBlue Airways, Puerto Rico’s largest carrier, announced Thursday plans to add two routes from San Juan: Punta Cana and Santiago, in the Dominican Republic, starting in May 2013. The routes will fill a gap left by American Eagle when it scaled back operations out of the Luis Muñoz Marín Airport.
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Chilean company Agrosuper finds growth in Puerto Rico
November 9, 2012
Chilean protein exporter Agrosuper has been doing business in the Puerto Rico food industry since 1996, when it began providing cuts of meat to a local distributor. Since then, company sales have multiplied five-fold, selling nearly 17 million pounds of protein products this year.
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