Badillo Nazca Saatchi and Saatchi was the big winner of this year’s 30th edition of the Cúspide awards honoring the island’s best advertising efforts. The agency swept the competition with 16 statuettes, plus the event’s highest distinction, the “Gran Cúspide,” for a social media campaign for the United Way about the dangers of stray bullets.
American Airlines, once the anchor and darling of the Luis Muñoz Marín International Airport, filed a motion in a U.S. Bankruptcy Court in New York stating its interest in getting out of its lease agreements with the government for the use of the facilities, the Dallas Morning News reported Thursday.
The developers of the Dorado Beach property, PRISA GROUP, broke ground on the second phase of construction of the “Ritz-Carlton Reserve Residences,” a $72 million project that seeks to position Puerto Rico as world-class destination for upscale living and tourism.
For seven days starting May 14, fine-dining enthusiasts will have the chance to experience some of the San Juan metropolitan area’s best restaurants, which will be offering a three-course “prix fixe” dinner menu (including appetizer, entrée and dessert) for either $29 or $39, as part of Puerto Rico Restaurant Week.
Transparency and free-flowing information on the government’s behalf are crucial to keeping the island’s standing in the U.S. credit market, which is keeping close tabs on what is being done locally, several representatives of the investment community said Thursday during the first day of the Puerto Rico Credit Conference in San Juan.
Medical device manufacturer Bard Shannon Ltd. in Humacao is investing $43 million to expand its operations and add 200 new jobs in the process, Gov. Luis Fortuño announced Wednesday during a tour of the facility.
The proposed $500 million waste-to-energy plant that Albany, NY-based Energy Answers is seeking to build in Arecibo got an important endorsement from the U.S. Environmental Protection Agency earlier this week, when it approved a key permit needed to move the project forward.
Popular Insurance announced an alliance with General Agent J. Jaramillo Insurance, through which the latter will offer its services to Popular in some areas of its business, as well as to independent insurance agents who are now processing their property and casualty policies through Popular Insurance.
The U.S. Court of Appeals for the First Circuit put an end earlier this month to a nearly five-year-old billing dispute between T-Mobile and Puerto Rico Telephone involving several million dollars in charges related to network interconnection and transport facilities.
Saying Open Mobile’s parent company, P.R. Wireless, has “less than adequate” liquidity, credit ratings agency Standard & Poor’s revised its outlook on the wireless carrier to negative from stable and affirmed its ratings, including the 'B' corporate credit rating.
Critical Hub Networks announced Tuesday it has enabled next-generation IPv6 Internet services on its residential broadband network, becoming the first broadband provider in Puerto Rico to do so. The technology will benefit the company’s Caribe.Net customers.
Public expenses have been kept under projections during the first nine months of the current fiscal year, the fourth consecutive year the administration has managed its finances according to what was budgeted, a government official said Monday.
First BanCorp, the bank holding company for FirstBank Puerto Rico reported Monday a net loss of $13.2 million for the first quarter of 2012, which included a non-cash charge of $6.2 million related to equity in losses of unconsolidated entities.
Online cyber attacks skyrocketed by 81 percent in 2011 affecting organizations of all sizes and types worldwide, according to the 17th edition of Symantec’s Internet Security Threat Report, which also revealed that Puerto Rico ranked 10th among all territories in the Americas with the greatest volume of malicious activity.
Florida-based Banesco USA is expanding its presence in that southern U.S. market through the acquisition of all of the deposits of Security Bank, National Association, through a Federal Deposit Insurance Corporation-assisted transaction.
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