As it does every quarter, the Federal Communications Commission is reviewing the rates that telephone companies must charge and pass off to consumers to cover the Universal Service Fund, which among other things, subsidizes services offered to low-income consumers as well as improvements to schools and libraries.
Gov. Luis Fortuño administration officials took Moody’s Investors Service’s decision to cut the Puerto Rico Electric Power Authority’s credit rating down a notch in stride Wednesday, saying it was “expected” and would not have an impact on the upcoming $475 million bond emission.
Fondita de Jesús, a nonprofit organization that helps the homeless, has developed a solar energy project and installed high efficiency lighting systems and low-energy consumption air conditioning units at a cost of $100,000.
FirstBank Puerto Rico is looking to triple its market share of small- and mid-sized business customers over the next five years from its current 12 percent through an aggressive campaign and revamped platform catering to the segment often tagged as the motor of the island’s economy.
Electronics and crop protection products maker DuPont Electronics is investing $40 million to expand its Manatí plant, adding 25 new jobs to its existing payroll.
Even in an age of modern and high-tech communication, the most powerful and effective means of generating new business is word-of-mouth. People turn to trusted friends or colleagues for recommendations regarding product or service providers.
Construction of the $49.5 million Hyatt Place Bayamón & Tropical Casino, which marks the return of the hotel chain to the island after a seven-year absence, was announced Monday by developers PRISA Group and McConnell Valdés Consulting Inc. during a news conference at the Science Park in Bayamón.
Puerto Rico consumers have become increasingly accepting of gift cards and now, instead of fighting traffic and crowds to pick one up, they can shop for them online at www.regalatogo.com.
Software giant Microsoft, in cooperation with nonprofit organization Trust for the Americas, recently donated $37,000 to open a new learning center at the Jane Stern Dorado Community Library.
T-Mobile USA Inc. announced Thursday plans to close seven call center facilities nationwide, resulting in the elimination of 1,900 jobs by summer. However, the cutbacks will not have any local effects, Jorge Martel, general manager of the wireless carrier’s local operations said.
The Puerto Rico Public-Private Partnership Authority announced Thursday it has opened the “Request for Qualifications” process to find a private entity to design, build, finance and maintain the proposed “Nuevo Comienzo” (New Beginning) juvenile social treatment facility in Yauco.
Despite the persistent rain, hundreds of volunteers from JetBlue Airways, stateside nonprofit KaBOOM! and Apoyo Empresarial for the Cantera Peninsula, came together Thursday to build a new playground for kids residing in the San Juan community.
The Puerto Rico Chamber of Commerce announced Thursday it has been accredited as a “State Chamber” by the U.S. Chamber of Commerce, becoming one of just six to be certified as such throughout the nation.
Frozen yogurt and smoothie chain Yogen Früz is not letting up on its plans to blanket the greater San Juan metropolitan area anytime soon, announcing the opening of its newest shop at the San Patricio Town Center in Guaynabo and plans for nine more locations before the summer.
Seven months after Banco Popular entered into an agreement with American Airlines Inc. to become the exclusive issuer of AAdvantage co-branded credit cards in Puerto Rico and the U.S. Virgin Islands, and the acquisition of the Citi/AAdvantage co-branded credit card portfolio, the bank announced Wednesday the conversion has been completed.
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