Caguas medical school loses accreditation, mulls suing
October 9, 2011
Reeling from its sudden loss of accreditation, Caguas-based San Juan Bautista School of Medicine is considering all its options, including going to federal court to fight back against what it considers a "precipitated and unfair" decision by the national accrediting authority for medical education programs in the U.S. and Canada, News is my Business has learned.
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First BanCorp completes $525M common stock sale
October 7, 2011
First BanCorp, parent company for FirstBank Puerto Rico announced Friday it has completed its previously announced capital raise of $525 million of common stock to institutional investors Thomas H. Lee Partners, L.P. and Oaktree Capital Management, L.P.
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CNE: Section 933A proposal not ‘silver bullet’ for long-term stability; Pierluisi lobbies in Congress
October 7, 2011
Basing the future of Puerto Rico’s economy on an uncontrollable factor, such as an amendment of the U.S. tax code, is not the safest route to take to achieve growth and is not the “silver bullet” the island needs to secure long-term stability, Sergio Marxuach, public policy director of the Center for the New Economy, said Thursday.
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4 new retailers join Ponce’s Plaza del Caribe mall, CompUSA opening 2nd local store
October 7, 2011
Plaza del Caribe Mall in Ponce will wrap up 2011 with four new tenants, including the second CompUSA location on the island, mall executives announced Thursday.
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BBVA Puerto Rico investing $1M on new corporate image
October 7, 2011
BBVA Puerto Rico announced Thursday it will be pumping more than $1 million to begin remodeling its branches to match them with the banking group’s global corporate identity. The transition, which also calls for changing the appearance of its credit and debit cards, as well as other day-to-day elements, should be finished by the first quarter of next year, company officials said.
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Editorial: How Steve Jobs changed my life
October 6, 2011
I was perhaps 19 years old the first time I came face-to-face with an Apple computer. It was a small, tan, square box with a monochrome screen smaller than any I had ever seen. I was a college student embarking on my new job as a “Mac lab” assistant. In comparison to the rest of my “techie” co-workers, I was a newbie … I had NO clue how to work those foreign-looking devices.
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Rigual closes after 61 years in business, drags $5M in debt
October 6, 2011
The list of once thriving companies dragged under by Puerto Rico's long-running recession and the tightening of the bank credit spigot keeps growing longer. The recent demise of Rigual Inc., a popular wholesale/retailer of floral and party supplies based in a quiet San Juan neighborhood for 61 years, is just one more example of how the ongoing economic climate can undo decades of success and hard work by management and employees.
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Thousands of tourism industry execs meet in P.R.
October 6, 2011
More than 1,000 delegates from the tourism sector — including executives from the 14 Caribbean cruise lines, travel agents, tour operators and suppliers industry — are currently in Puerto Rico to attend the 18th Annual Florida-Caribbean Cruise Association Convention and Tradeshow, being held at the Convention Center in Miramar.
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Victoria’s Secret’s arrival about 6 weeks away
October 5, 2011
Puerto Rico’s first Victoria’s Secret location will open in about six weeks, capping years of anticipation for the retailer’s arrival. The buzz is that the nearly 14,000 square-foot store will go “live” Nov. 17.
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Public relations professionals convening this weekend
October 5, 2011
The Puerto Rico Association of Public Relations Professionals will be hosting its 23rd anual convention this weekend, Oct. 7-8, with an agenda full of a wide range of lectures and panels that includes more than 20 speakers who will discuss trends and technological and social changes that are playing into current communication efforts.
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Technologic Valley offers Microsoft certifications
October 5, 2011
Technology training solutions company, Technologic Valley, will start offering its Microsoft systems administration certification courses starting next month, company officials said Tuesday. An orientation session is planned for next week.
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SBA deadline for physical damage disaster loans Oct. 26, 3 towns added to list
October 5, 2011
The U.S. Small Business Administration this week reminded eligible private nonprofit organizations of the Oct. 26 deadline to submit disaster loan applications for damages caused by Hurricane Irene on Aug. 21-24, 2011. The agency also added Loíza, Peñuelas and San Juan to the eligibility list.
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Ford Dealers Association donates ‘12 Ford Fiesta to Susan G. Komen
October 5, 2011
Puerto Rico’s Ford Dealers Association has donated a 2012 Ford Fiesta to the Susan G. Komen/Race for the Cure organization that will be raffled as part of its fundraising efforts. This is the sixth consecutive year that Ford, through its “Warriors in Pink” program, is supporting the nonprofit dedicated to fighting breast cancer.
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Grocer SuperMax launches home delivery service
October 5, 2011
Retailer SuperMax recently launched its “Pon SuperMax” delivery program, testing the service out at its De Diego and Isla Verde locations. The service could benefit clients who depend on the metropolitan area bus service, which is on strike this week.
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Fortuño announces 3rd round of homeowner’s assistance program
October 4, 2011
A week after accepting applications from 1,650 homeowners looking to save their dwellings from foreclosure, Gov. Luis Fortuño announced Tuesday there will be a third round of government assistance to benefit another 1,500 families.
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