Betteroads sues Venezuelan company for fraud, seeks $13.8M
September 10, 2012
Betteroads Asphalt Corp. and sister subsidiary Betterrecycling have filed a civil suit against Venezuelan company Arenera de Venezuela Compañía Anónima (Arevenca), as well as several of its subsidiaries and its executives, seeking $13.8 million in damages over an aborted transaction the plaintiff claims was fraudulent from the start.
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Meineke Car Care Centers debuts in Puerto Rico
September 10, 2012
Meineke Car Care Centers, an automobile repair retailer with more than 900 stores worldwide, has opened its first store in Puerto Rico, where plans call for opening three more over in five years, with an associated investment of some $800,000, News is my Business learned.
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$23M in green energy projects financed in Mayagüez region
September 10, 2012
The public and private sectors have pumped more than $23 million into renewable and energy efficiency ventures in the Mayagüez region over the past three years, financing green energy projects for 2,344 homes and retroffiting of efficient lighting and air conditioning systems in area businesses, Energy Affairs Administration Interim Executive Director Juan Carlos Díaz said.
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Op-Ed: Providing more access, opportunity to Hispanic-owned small businesses
September 10, 2012
One of the Small Business Administration’s top priorities is to provide access and opportunity to small business owners in traditionally underserved communities.
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Banesco USA names new country manager for Puerto Rico operations
September 10, 2012
Maritza Abadía, an experienced Puerto Rican banker, has been appointed country manager for Banesco USA’s Puerto Rico operations, Banesco USA President Rafael Saldaña announced.
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Santander launches U-Work internship program
September 7, 2012
As part of its pursuit of creating such professional opportunities, Banco Santander Puerto Rico, through its Santander Universities Global Division, announced Thursday the start of its “U-Work” internship program on the island.
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New Microsoft GM: Puerto Rico ‘very relevant’ for company
September 7, 2012
Marco Casarín-Junco, who officially took over the task of steering Microsoft Corp.’s Puerto Rico operations as general manager this week, believes the island’s operations — which include sales, manufacturing and, in November, a store — are key for the corporation and must be fully developed and capitalized upon.
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PIA to host healthcare summit
September 7, 2012
The Pharmaceutical Industry Association of Puerto Rico will be holding its “Health System Reform and the Quality of Healthcare” summit Sept. 14 to provide a forum for healthcare industry professionals to share ideas about trends and practices that influence the health outcomes for the local community.
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P.R. climbs 4 notches on WEF index, but competitive roadblocks remain
September 6, 2012
Puerto Rico secured a place among the world’s top-third most viable economies this year, locking into the 31st position — up four notches from last year’s 35th ranking — in the World Economic Forum’s Global competitiveness index released Wednesday.
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PRHTA to grill gubernatorial candidates in annual convention
September 6, 2012
The Puerto Rico Hotel and Tourism Association will mark its annual convention to be held Sept. 17-21 by asking the island’s gubernatorial candidates to outline their strategies to tackle five main “pillars” of concern to the industry: security, the current labor situation, energy costs, casino-related problems, and the much-discussed creation of the destination management organization.
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Anna’s Linens continues Puerto Rico expansion with 3 new stores
September 6, 2012
Home goods retailer and market newcomer, Anna’s Linens, is following up “historic sales records” at its first two local stores with the opening today of three new locations in Caguas, Bayamón and Arecibo, company officials said Wednesday.
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Bankers Association to address key housing issues in congress
September 6, 2012
Promoters of the State Housing Plan will discuss strategies and policies for its implementation, while the six candidates for governor will present their platforms to develop the sector during the Puerto Rico Bankers Association’s upcoming 20th Housing Congress.
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Aromas, flavors to mix at ‘Chocolate & Coffee Expo’
September 6, 2012
The flavors and aromas of coffee and chocolate will waft through the Puerto Rico Convention Center Sept. 22-23 during the Coffee & Chocolate Expo, an event that has attracted more than 40,000 visitors in the past two years, becoming the largest exhibition in the Caribbean for the industries and their complementary products.
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T-Mobile launches $30 ‘4G Unlimited Internet’ plan
September 6, 2012
Wireless carrier T-Mobile launched Wednesday its new “4G Unlimited Internet” plan that lets customers browse the web on their smartphones without extra charges or speed limits.
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Hilton Ponce marks 20th anniversary with $500K in upgrades
September 5, 2012
The Hilton Ponce Golf & Casino Resort is marking two decades of operations in Puerto Rico’s second-largest town with some $500,000 in property upgrades — including a waterpark and upgraded pool facilities — that should be completed next month, José Caro-Cohen, business development director told News is my Business.
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