Local private equity lender Moneyhouse is celebrating its fifth anniversary this month and is marking the milestone by outlining its accomplishments thus far, namely closing on more than $675 million in loans, of which 40 percent — or $275 million — are reverse mortgage cases.
PetSmart, the largest specialty retailer of services and solutions for the lifetime needs of pets, will mark the opening of its sixth location in Puerto Rico, at the Plaza del Norte Mall in Hatillo, with an all-day event Saturday.
Doral Bank announced Wednesday plans to increase its ATM network by more than 100 percent with the addition of 55 new machines at Walgreens drugstores islandwide. The expansion should push the number of ATMs to about 200, company officials said during a morning news conference.
First BanCorp, parent of FirstBank Puerto Rico reported a net loss of $14.8 million for the fourth quarter of 2011, compared to a net loss of $24 million for the third quarter of 2011 and a net loss of $251.4 million for the same year-ago period in 2010.
Nearly 50 years after it was founded in Arecibo, the world’s foremost single-dish radio telescope facility is the focus of a massive redevelopment project that calls for the construction of a hotel and planetarium to the tune of $50 million, government and facility officials said Tuesday.
Wendco of Puerto Rico Inc., franchisee of the Wendy’s restaurant chain, is expanding its operations aggressively this year, with plans to invest $8.1 million to open six new locations and remodel three existing stores throughout the island.
A little over a month after turning to online investors for financing, Brahman Industries, the developer of a tsunami and flood shelter system known as the STATIM, announced it has received seed funding of up to $125,000 from Estabrook Ventures to build and commercialize the invention.
Local software consulting and development firm Rock Solid Technologies is getting the boost it needs to speed up its expansion plans and create solutions to be exported and sold worldwide, company President Angel Pérez told News is my Business.
Framed in the warm atmosphere reminiscent of historic haciendas, featuring exposed ceiling beams, wooden floors, oversized chandeliers and antique gears typical of a sugar plantation, the Dorado Beach Resort recently reinaugurated its Zafra restaurant, following a $300,000 remodeling project.
The government may be scouting for a private company to operate the Luis Muñoz Marín International Airport in Carolina, but while that happens it is moving forward with some $40 million in improvement projects that are either near completion or will go up for bids in coming weeks.
Oriental Financial Group Inc. reported a loss of $13.1 million during the fourth quarter of 2001, sharply contrasting the positive results for the same year-ago quarter, when it recorded $3.9 million in income. The result for the quarter ended Dec. 31, 2011 also reflected a drop from the $15.6 million in the books for the prior quarter ended Sept. 30.
Refinancing a property is usually an expensive proposition that entails costly appraisals as well as fees that can add up to thousands of dollars, which often hold home owners back from reworking their loans to take advantage of dropping interest rates.
Because finding top professionals is harder than ever, companies need to do their part to get noticed. Achieving recognition as one of Puerto Rico’s best employers highlights a company’s commitment to success.
Kia Motors Puerto Rico is counting on its redesigned models and a strong dealership network to drive a 30 percent growth of the brand this year and a push to fifth place among the island’s top-selling automakers, company executives said during its annual gathering this weekend in Guánica.
If you are one those people who are used to swiping a locally-issued ATM card issued to pay for purchases at stateside retailers, just as you would with cash, you may want to check with your bank whether that option is still available to you.
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