The central mountain town of Utuado will become home to the island’s first affordable, eco-friendly elderly home, which is slated to begin construction in January 2013, at a cost of $5.2 million, representatives of the nonprofit developer in charge of the project, Pathstone CDC de Puerto Rico, announced this week.
In keeping with its corporate mission to “make a difference” in its customers’ lives and communities, Doral Bank announced this week it will be expanding the benefits offered to new and existing mortgage clients.
Less than a year after announcing major plans to expand its Humacao operations, contract manufacturing firm Legacy Pharmaceuticals is shutting down today. The closing leaves about 150 jobless, News is my Business confirmed.
JetBlue Airways confirmed Wednesday it will be moving into Luis Muñoz Marín’s vacant Terminal A at the end of May, upon reaching an agreement with the Puerto Rico Ports Authority. The agency had hinted late last year that such a move was in the works for the island’s largest air carrier.
The tension that has been brewing in recent months among the Telecommunications Regulatory Board members over Puerto Rico Telephone/Claro’s cable franchise license petition escalated another notch late last week, when the agency sued Associate Member Nixyvette Santini in San Juan Superior Court.
Ford Motor Company spent nearly a year looking for a partner to re-enter the Bayamón region, ultimately picking AutoGrupo to plant its flag through a new $5 million dealership slated to open April 1, representatives from both companies announced Tuesday.
Some 11,200 solar heaters were installed in Puerto Rico during 2011 and 2012, following the injection of more than $20 million in American Recovery Act and Reinvestment Act funds into local product manufacturers, Resident Commissioner Pedro Pierluisi and Energy Affairs Administration Executive Director Luis Bernal said Tuesday.
Joined by a contingent of municipal and central government officials, Walmart Puerto Rico announced Tuesday the construction of its future $31 million Supercenter store in Toa Baja, expected to open at the end of this year.
The Food and Drug Administration has issued a stern warning to pharmaceutical manufacturer Warner Chilcott Company, LLC in Fajardo for not taking sufficient corrective action related to its birth control pill production.
Local yogurt maker Orgánica Yogurt Inc. recently signed an agreement with Puerto Rican grocer SuperMax to begin selling its thick, creamy yogurt products at seven of the chain’s 16 stores, company officials announced.
Banco Popular’s institutional program “Finanzas en tus Manos” (“Your finances in your hands”) rolled into the island municipality of Culebra on its latest stop through an islandwide tour that will blanket 25 towns.
British liquor producer Diageo has kicked off the recruitment of college students interested in participating in its “Learning for Life” program, an eight-week hands-on training on Puerto Rico’s service and tourism industry.
JetBlue Airways filed with the U.S. Department of Transportation a "capital-to-capital" application for permission to launch new nonstop service from Ronald Reagan Washington National Airport to San Juan, a route that has been unattended for quite some time, the company announced Monday.
The Puerto Rico Industrial Development Company’s board approved a $1.6 million assignment to the Central Eastern Technological Initiative, to match federal funding granted by the U.S. National Telecommunication and Information Administration to expand broadband access to economically disadvantage communities in the region, Economic Development and Commerce José Pérez-Riera, who also heads Pridco, said Monday.
It’s no big secret that Puerto Ricans have changed their shopping habits in the wake of the tough economic times experienced in the last six years. So much so that using what was once taboo, a discount coupon, is becoming a daily occurrence due in part to the proliferation of online companies dedicated to offering everything from a manicure to furniture cleaning services at a fraction of the cost.
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