Puerto Rico gov’t would ground airport P3 if FAA rejects
October 10, 2012
Puerto Rico Public Private Alliance Authority Executive Director David Álvarez acknowledged Tuesday that if the Federal Aviation Administration fails to give its go-ahead to the Luis Muñoz Marín International Airport P3, the government would not pursue another such deal.
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SBA supports record $30.2B in loans in Fiscal ’12
October 10, 2012
With loan volume steadily increasing for the past six quarters, the U.S. Small Business Administration’s loan programs posted the second largest dollar volume ever in Fiscal 2012, supporting $30.25 billion in loans to small businesses, the agency informed Tuesday.
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Claro Chief: Puerto Rico market still ripe for growth
October 9, 2012
Four years after taking over the reins of Puerto Rico Telephone, the island’s largest telecommunications provider, company President Enrique Ortiz de Montellano believes there’s still a lot of work ahead to spur the growth of landline, wireless and paid television markets.
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AES Ilumina powers up Guayama solar energy farm
October 9, 2012
One year after announcing the start of construction of Puerto Rico’s largest solar farm in Guayama, AES Ilumina, LLC and government officials witnessed Monday the start of operations of the $96 million clean energy production project that will sell all of its output to the Puerto Rico Electric Power Authority under a 20-year power purchase agreement.
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Seaborne Airlines to fly daily, SJ-BVI route starting Dec. 8
October 9, 2012
Seaborne Airlines, the regional carrier based in St. Croix, U.S. Virgin Islands, and the British Virgin Islands Tourist Board, in collaboration with the BVI Airport Authority announced Monday the start of daily round-trip flights between the Luis Munoz Marin International Airport to the BVI’s Terrence B. Lettsome International Airport starting Dec. 8.
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Kraft Foods reinvents itself by splitting in 2
October 8, 2012
As it marks its 109th anniversary, Kraft Foods Group is emerging as a new public food and beverage company, splitting into two separate and independent companies: Kraft Foods Group (grocery) and Mondelēz International Inc. (snacks).
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John Dewey College graduates to ‘university’
October 8, 2012
On the 20th anniversary of its foundation, John Dewey College is evolving into Dewey University, becoming the newest institution of higher learning to join Puerto Rico's academic sector.
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OneLink/Liberty merger getting TRB approval next week
October 5, 2012
The Puerto Rico Telecommunications Regulatory Board will sign off on a resolution and order next week approving the proposed $585 million deal through which Liberty Cable would acquire the assets of San Juan’s cable provider, OneLink Communications, News is my Business confirmed.
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Claro deploys direct-to-home fiber optic network
October 5, 2012
Claro de Puerto Rico announced Thursday the deployment of fiber optic infrastructure that will enable it to offer consumers broadband Internet in speeds of up to 50 megabits per second.
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Suiza Dairy employees enjoy sweeping health options
October 5, 2012
The more than 800 employees working at dairy and juice manufacturer Suiza Dairy Corporation in Puerto Rico, now have at their disposal a tailor-made, comprehensive wellness and health program designed to improve their quality of life, the company announced Thursday.
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Velox24.com steers into Puerto Rico auto insurance market
October 4, 2012
Effective today, Puerto Rico consumers will have a new online option when it comes to buying car insurance.
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TMobile, MetroPCS merger may prove positive for Puerto Rico
October 4, 2012
The merger between Deutsche Telekom, T-Mobile USA’s parent, and MetroPCS Communications Inc. may prove good for Puerto Rico consumers.
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$26.8M assigned for VA Hospital parking facility
October 4, 2012
The U.S. Department of Veterans Affairs has awarded a $26.8 million contract to design and construct a parking garage at the Veterans’ Hospital in San Juan.
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Sol Puerto Rico to use Shell brand for another 10 years
October 4, 2012
The Sol Group and Sol Puerto Rico Limited, the exclusive distributor of Shell Fuels in Puerto Rico, announced Wednesday the extension of the licensing contract for the use of the Shell brand in Puerto Rico for another 10 years.
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Centros Isla launches ‘ValuText’ location-based mobile marketing program
October 4, 2012
Centros Isla, operators of 15 shopping centers in Puerto Rico, announced Wednesday the launch of “ValuText,” a location-based, text message service exclusive to its malls that couples physical retail assets with state-of-the-art, location-based mobile marketing.
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