Sea Star to pay $14.2M criminal fine in price fixing case
November 18, 2011
Jacksonville, Fl.-based Sea Star Line LLC will have to pay a $14.2 million fine upon reaching a plea agreement with the U.S. Department of Justice’s Antitrust Division to settle a charge of violating federal antitrust laws with respect to Puerto Rico trade activity in a case dating to April 2008.
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TRB’s Santini rips order granting PRT’s cable franchise license
November 18, 2011
Telecommunications Regulatory Board Associate Member Nixyvette Santini filed a scorching dissenting opinion to the agency’s decision to grant Puerto Rico Telephone the cable franchise license it has been seeking since 2008, saying among other things that the order “is unfounded and lacks a responsible analysis that would look out for protecting the public interest and competitive environment.”
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GDB issues $450M in COFINA-backed debt
November 18, 2011
The Government Development Bank turned to the bond market last week, issuing $450 million in debt in less than a day, and will repeat the action again in two weeks, when it will seek to raise another $1.1 billion, agency President Juan Carlos Batlle said Thursday.
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Eagle’s Fábregas promoted to company SVP, to remain in charge of LMM operations
November 18, 2011
Pedro Fábregas, a long-time veteran of the airline industry has been promoted to senior vice president of customer service for American Eagle, a position from which he will be responsible for all airport and flight attendant operations for the more than 1,500 daily flights operated by American Eagle and its affiliate Executive Airlines.
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TRB issues order giving PRT OK to launch IPTV
November 17, 2011
The rollercoaster ride that began three years ago when Puerto Rico Telephone requested an islandwide cable television license from the Telecommunications Regulatory Board has seemingly come to a stop, with a decision by the agency to grant the petition.
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Urban Train becomes mobile advertising vehicle
November 17, 2011
If you happen to see the Urban Train zip by looking like it has been the target of graffiti, fret not. Starting this week, the mass transportation system will begin pulling double-duty as a rolling billboard, with the addition of “wrap around” advertising.
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Former FCC member Rivera to speak on need to expand broadband
November 17, 2011
Former Federal Communications Commissioner and Internet Innovation Alliance Strategic Counsel Henry Rivera will highlight the importance of expanding broadband and closing the digital divide for Latinos in a speech Thursday to the National Caucus of Hispanic State Legislator Summit.
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ATT 4G LTE launch in P.R. ‘a testament’ to market importance
November 17, 2011
With the quiet flip of a switch, AT&T de Puerto Rico this week became the first commercial wireless carrier on the island, and in the Latin American region, to launch a next-generation Long-Term Evolution network that is already offering blazing fast speeds.
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House to probe TRB members over IPTV license snafu
November 16, 2011
New Progressive Party Rep. José Chico filed late Tuesday a resolution ordering the House Government Affairs Committee to launch a probe into alleged irregularities by a number of Telecommunications Regulatory Board members that resulted in blocking the cable television franchise license requested by Puerto Rico Telephone (Claro).
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Kmart Puerto Rico expands with opening of new smaller concept
November 16, 2011
Just in time for the holidays and with the goal of keeping up with changing consumer shopping trends, Kmart Puerto Rico recently opened a new store concept in Puerto Rico called "Kmart Express," where it offers only the merchandise with more demand at regular Kmart stores.
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News is my Business marks 1st anniversary today
November 16, 2011
News is my Business, an idea born out of a desire by this career journalist to continue doing what I love to do — reporting about everything related to Puerto Rico’s business community — is turning a year old today.
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Ag. Dept. campaign seeks to ‘reconnect’ consumers with farmers
November 16, 2011
The Agriculture Department launched Tuesday a $1 million institutional multimedia advertising campaign that aims to lift the consumption of local products from its current 20 percent level by inviting consumers to “buy local.”
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Toyota de Puerto Rico expands eco-friendly lineup with Prius V
November 16, 2011
Toyota de Puerto Rico unveiled the latest addition to its eco-friendly lineup, the Prius V, which stands for versatility, something the vehicle promises to deliver through its greater interior space and cargo room, comfort, and fuel efficiency, among other features.
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BBVA Auto wants your car to be ‘on the house’
November 16, 2011
BBVA Auto recently launched this year’s edition of its “The loan is on the House” sweepstake, which gives customers who finance their vehicles between Nov. 12 and Jan. 15, 2012 the opportunity to get their purchase for free.
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Pierluisi bill approved in Congress gives nautical tourism a boost
November 15, 2011
Resident Commissioner Pedro Pierluisi scored an important victory for himself and the island’s nautical tourism sector Tuesday, with the approval from U.S. House of Representatives for HR 2838, which authorizes foreign-flagged vessels that are more than 100 gross tons to transport tourists and other paying passengers between ports within Puerto Rico.
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