The Telecommunications Regulatory Board recently inaugurated a state-of-the-art $36,000 Internet center in Gurabo, the fifth town to have such a facility designed to continue bridging the digital divide in rural areas.
Non-computer devices — including mobile phones, tablets, and other connected gadgets — accounted for 5.9 percent of all web browsing activity traffic generated in Puerto Rico in October 2011, according to the latest report released Thursday by reputable digital world analyst firm comScore.
A year after the IVU Loto twice-weekly sweepstakes launched, less than 15 percent of winners have claimed their prizes. Treasury Department data shows that so far, only 87 out of 580 winners have taken home their pay. Combined, winners have claimed $146,500, or a fraction of the $761,000 the agency has offered in cash prizes, News is my Business confirmed Wednesday.
The first two Menchie’s frozen yogurt shops planned for Puerto Rico will open in San Patricio Plaza and Doramar Plaza next year, News is my Business confirmed Wednesday.
The massive B767-300 jet carrying about 270 passengers from Frankfurt, Germany landed at the Luis Muñoz Marín Airport mid-afternoon Wednesday, marking the return of Condor Airlines following a significant absence from the local market.
First BanCorp, the bank holding company for FirstBank Puerto Rico, announced late Wednesday that it will delist its preferred stock from the New York Stock Exchange, effective before the market opens Jan. 17.
QBE Insurance Group announced Wednesday it has agreed to acquire Optima Insurance Group, an underwriting group in Puerto Rico that posted an estimated $100 million in gross written premium in 2011. The financial terms of the deal were not revealed.
AT&T announced Wednesday its ongoing expansion of its 4G LTE network on the island, rolling it out to parts of Aguada, Aguadilla, Añasco, Mayaguez, Rincon, Moca and Hormigueros. The added areas comes a month after AT&T introduced 4G LTE in parts of the San Juan metropolitan area on Nov. 20.
As 2011 wraps up, the Puerto Rico Manufacturers Association — one of the island’s most important trade organizations — took stock Tuesday of the last 12 months, concluding that a trio of major administration-backed measures significantly set back competitiveness by hindering free trade and industrial growth.
AT&T’s decision to walk away from its intention of buying rival T-Mobile puts an end to concerns expressed locally that consummating the $39 billion transaction would create a monopoly on the island.
One of the most persistent problems of the modern television age — loud commercials — are about to become a thing of the past with the recent passage of the 2010 Commercial Advertising Loudness Mitigation Act.
Resident Commissioner Pedro Pierluisi this week put the spotlight on some of the most popular online retailers, asking them to explain why they will not ship to Puerto Rico arguing among other things that the island must abide by the same federal trade and consumer protection laws as all of the 50 states.
The Private Sector Coalition is calling for the union of all sectors, to change the perception that Puerto Rico is one step from becoming a narco-state maintained by an underground economy into one seen as having the region’s best infrastructure, technology and professionals.
The continued deterioration of European credit has reached Puerto Rico’s insurance market, with the recent decision by reputed insurance industry rating agency, A.M. Best to place the ratings of MAPFRE PRAICO Group and its members under review with negative implications.
Hogar Teresa Toda, a nonprofit organization that provides shelter and services to girls aged six to 17, is getting a $10,000 grant from retailer Walmart, which made the announcement as part of its "12 Days of Giving" Facebook campaign.
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