Exec: Illegal slots undercut casino revenues by $170M
July 26, 2012
The proliferation of illegal slot machines affects more than 2,800 casino employees, who are at risk of losing their jobs over the closure of casinos operating in Puerto Rico, Eric Rodríguez, vice president of the casinos division of Empresas Santana warned Wednesday.
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Liberty to offer 3D Olympic coverage
July 26, 2012
As part of its extensive coverage of the 2012 Olympic Games in London, Liberty Cablevision of Puerto Rico will become the only cable television provider on the island to offer a 3D channel to broadcast the games.
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Wrigley opens 1st commercial office on island
July 26, 2012
After three decades of presence on the island selling it leading brands — Orbit, 5 Gum, Skittles, Lifesavers, Starburst, Juicy Fruit, Altoids and Doublemint — and looking to continue strengthening ties with the local community, Wrigley Puerto Rico recently opened its first local office in Cupey.
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Aerostar signs 40-year lease to manage LMM airport
July 25, 2012
The job of modernizing the Luis Muñoz Marín International Airport so that it becomes a world-class international gateway that is profitable and attractive to travelers will require significant capital investments and networking — and will not happen overnight.
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Oriental reports $13.8M in 2Q profit
July 24, 2012
Oriental Financial Group reported Monday $13.8 million in profits for the second quarter ended June 30.
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Caguas water bottler running on solar power
July 24, 2012
With an investment that exceeds $583,000, BMF Water, a Caguas-based bottling company, recently finished installing a solar power system that will allow the company to reduce its energy costs by about $50,000 annually.
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American Airlines revamping fleet with new narrowbody aircraft
July 24, 2012
American Airlines is moving forward with plans to enhance and modernize travel, announcing Monday the introduction of more than 200 new narrowbody aircraft from Airbus and Boeing, which are part of the previously announced order for 460 new planes.
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Merck investing $80M in Las Piedras plant expansion
July 23, 2012
Merck Puerto Rico announced it will invest some $80 million over the next year to expand production capabilities at its Las Piedras manufacturing plant.
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Liberty asks TRB, FCC to OK OneLink acquisition
July 23, 2012
Liberty Cable of Puerto Rico filed its application late Friday before the Telecommunications Regulatory Board for approval of its bid to buy San Juan Cable LLC, known as OneLink Communications, News is my Business confirmed.
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La Fortaleza hosts ‘Urban Market’ event
July 23, 2012
More than 20 farmers and culinary artisans were invited to La Fortaleza last week to take part in a special edition of the Economic Development Bank-sponsored Urban Market event intended to expose them to the requirements to become suppliers to the governor’s mansion.
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GDB sends scathing letter to Moody’s over ratings cut
July 20, 2012
The Gov. Luis Fortuño administration sent a scathing letter to Moody’s Investor Services late Thursday, expressing its “utter disappointment” with the agency’s decision to downgrade the Puerto Rico Sales and Use Tax Financing Corporation’s bond rating.
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LMM airport expected to take off through P3 concession
July 20, 2012
The cash offer submitted by Aerostar Airport Holdings — a consortium comprised of Grupo Aeroportuario del Sureste (ASUR) and Highstar Capital IV, L.P. — to run the Luis Muñoz Marín International Airport edged out its competitor’s proposal by just $48 million, Puerto Rico Public Private Partnership Authority Executive Director David Álvarez said Thursday.
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Plaza Del Caribe embarks on $3.5M food court makeover
July 20, 2012
Plaza Del Caribe will soon begin the $3.5 million remodeling and expansion of its "Terraza Del Caribe" food court and the construction of the second Zara store in Puerto Rico.
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EPA to hold public hearings on Arecibo waste-to-energy facility air permit
July 20, 2012
The U.S. Environmental Protection Agency has scheduled a new round of public hearing sessions to accept public comments on its proposed action to approve an air permit to Energy Answers International Inc., which has announced plans to build a $500 million, 77-megawatt waste-to-energy plant at the former site of the Global Fibers Paper Mill in Arecibo.
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Aerostar Airport Holdings lands LMM P3 contract
July 19, 2012
Exactly one week after receiving proposals from the last two remaining consortiums vying to take over the management of the Luis Muñoz Marín International Airport, Gov. Luis Fortuño announced today the government has chosen Aerostar Airport Holdings for the job.
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