In the last month, two major health and home care product manufacturers have joined forces with retailers to distribute a pair of glossy catalogs including hundreds of dollars worth of discount coupons, further fueling their use in Puerto Rico, where consumers have been feeling the pinch of relentless cost of living increases.
Pharmaceutical company Merck, which has had presence on the island for more than six decades, will be investing $2.5 million in new business offices in Puerto Rico that will also serve as its commercial headquarters for the Caribbean region, company officials announced.
Wireless carrier T-Mobile this weekend unveiled the two newest smartphones joining its portfolio of products the HTC Amaze 4G and Samsung Galaxy S II, the first to take advantage of its 4G (HSPA+ 42) network technology.
Natural Awakenings-Puerto Rico magazine held its “Natural Choice” awards this weekend, bestowing its “Yummy Award” (Local Edible Product), to Orgánica Yogurt and its founder, Antonio Castro-Barreto. It is the second time the entrepreneur has received the distinction, and his company is the only one in Puerto Rico to have it, Orgánica officials said.
Smartphones make up 40 percent of all mobile phone in use in U.S. markets, according to a recent study by Nielsen that also shows that 39 percent of those smartphones run on the Android operating system, followed by the Apple iPhone operating system.
The management of the Dorado Beach, a Ritz-Carlton Reserve — an ultra-luxury hotel property slated to open December 2012 — announced Friday a partnership agreement with award-winning Chef José Andrés to open his first restaurant outside the U.S. mainland at the property. The related investment was not revealed.
The U.S. Small Business Administration named Oscar Quiles, president of Pentaq Manufacturing Corp. in Sábana Grande the “National Minority Small Business Person of the Year” Friday during the closing awards ceremony of the 29th annual Minority Enterprise Development Week conference in Washington, D.C.
Saying that the proposed merger between AT&T and T-Mobile would “hinder wireless market competition,” the Puerto Rico Justice Department joined its federal counterpart lawsuit to block the transaction, an action News is my Business anticipated earlier this month.
Medical device maker Medtronic will be pumping $50 million into expanding its Juncos operation in the next three years, adding some 200 jobs in the process, company and government officials announced Friday.
To the apparent relief of a coalition of the island’s major telecommunications companies, Senate President Thomas Rivera Schatz intervened Thursday with the apparently “fast-tracked” confirmation process of Gloria Escudero Morales’ nomination as associate member of the Telecommunications Regulatory Board.
Representatives from more than a dozen labor unions and the private sector met with Resident Commissioner Pedro Pierluisi Thursday to outline strategies to defend the Puerto Rico Investment Promotion Act and the American Jobs Act, both of which they claim could spur economic development for the island.
The Puerto Rico Tourism Company unveiled its promotions, marketing and public relations plans for the 2011-12 tourism season during a presentation Thursday before members of the Puerto Rico Hotel and Tourism Association.
BBVA Auto, one of the island’s largest vehicle financing firms, will be participating during this weekend’s “The Sale” event, Sept. 29-Oct. 3, at 12 dealerships throughout the island where more than 2,000 new and used cars will be available for sale.
Local software developer Fusionworks recently received an international award from SAP, picking it as the regional winner during a recent business partners annual meeting in Mexico.
Popular Inc. announced Thursday that its subsidiary Banco Popular de Puerto Rico, completed the sale of a portfolio of mostly non-performing construction and commercial real estate loans with a book value of about $148 million. The loans carry an unpaid principal balance of approximately $358 million, the financial institution announced late in the day.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA