Puma closes acquisition of Chevron’s assets in P.R., USVI
August 1, 2012
Six months after announcing its acquisition of Chevron’s fuel marketing and aviation businesses in Puerto Rico and the U.S. Virgin Islands for an undisclosed amount, Puma Energy confirmed Tuesday it has wrapped the transaction.
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First BanCorp. reports $9.4M in 2Q profit, beating estimates
August 1, 2012
First BanCorp. reported better-than-expected second quarter results Tuesday, taking in $9.4 million in net income, a significant improvement over the $14.9 million net loss reported for the same year-ago quarter. The current results are also positive in comparison to the $13.2 million net loss reported during the first quarter of this year.
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66% of Puerto Ricans eat ‘street food’ at least once a week
August 1, 2012
It’s no secret that Puerto Ricans have a deep-rooted love affair with food, whether gourmet or straight off a food truck. A study released Tuesday by McCann Worldgroup Latin America confirmed that 66 percent of island residents chow down on so-called “street food” at least once a week, beating out the rest of the Latin American region.
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Green Energy Fund to dole out $4M in subsidies
July 31, 2012
The Puerto Rico Green Energy Fund will be assigning $4 million in subsidies to develop “green” projects for homes and small business island wide during an application process that starts tomorrow at 8 a.m.
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SBA names new deputy district director for Puerto Rico, USVI
July 31, 2012
U.S. Small Business Administration Region II Administrator Jorge Silva-Puras announced Monday the appointment of María de los Ángeles de Jesús as Deputy District Director for SBA’s Puerto Rico and U.S. Virgin Islands district office.
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Tourist taxis racing into future with new GPS, credit card payment system
July 31, 2012
Puerto Rico’s tourist taxi fleet is racing into the 21st century through the adoption of new multimedia equipment able to offer tourist information, directions and accept a variety of payment methods, including credit cards, Tourism Company Executive Director Luis Rivera-Marín announced Monday.
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AT&T dials into island’s home phone market
July 31, 2012
AT&T de Puerto Rico is looking to take a bite out of the island’s residential telephone market with the introduction of its new wireless home phone service.
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Open Mobile hires new CEO
July 30, 2012
Wireless carrier Open Mobile has hired a new chief executive officer, Juan Saca, to lead its Puerto Rico operations. Saca, a seasoned telecommunications industry executive, has been quietly at the helm of the pre-paid carrier since June, News is my Business learned.
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Olympic squad armed with Vanilla Visa gift cards
July 30, 2012
Puerto Rico’s Olympic delegation traveled to London with $1,200 worth of Vanilla Visa gift cards to cover their expenses while at the games, thanks to an agreement between the Puerto Rico Olympic Committee and InComm Puerto Rico, the company announced.
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Ford dealerships become ‘one-stop shops’
July 30, 2012
Starting this week, Ford dealerships become “one-stop shops” by including tire sales inside their facilities. Starting Aug. 1, Ford will offer a mail-in rebate of $50, $70 or $80, depending on the tire brand, to clients who buy tires at the dealership.
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S&P cuts gov’t Retirement System outlook to ‘negative’ from ‘stable’
July 27, 2012
For the second time in the last week, Puerto Rico’s credit ratings have been under scrutiny by stateside agencies. This time, it was Standard & Poor's Ratings Services, which revised its outlook on the Commonwealth Employees Retirement System’s $2.9 billion in senior pension funding bonds, series A, B, and C to “negative” from “stable.”
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Office Depot to honor local educators during ‘Teacher Appreciation Week’
July 27, 2012
Office supplies and services retailer Office Depot will be hosting thousands of teachers at select retail stores across the U.S. and Puerto Rico as part of its annual “Teacher Appreciation Week” event.
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EcoEléctrica receives nods for ‘green’ awareness
July 27, 2012
The Puerto Rico Manufacturers Association recently recognized natural gas co-generation plant, Eco-Eléctrica for its leadership in sustainability and commitment to the preservation of Puerto Rico’s natural resources.
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The Swiss Cake bakery closes after 36 years
July 26, 2012
More than three decades after opening its doors in Hato Rey, Puerto Rican bakery The Swiss Cake has closed and filed for Chapter 7 bankruptcy protection to liquidate its assets.
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News is my Business is now part of Google News
July 26, 2012
We are pleased to announce that effective today, July 26, the content included in News is my Business has become part of the Google News search engine.
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