Ayustar ISP faces $25K FCC fine for crossing signals with LMM safety systems
August 2, 2011
Internet Service Provider Ayustar Corp. is facing a $25,000 fine from the Federal Communications Commission for allegedly operating a transmission system that is interfering with the Federal Aviation Administration’s Terminal Doppler Weather Radar, News is my Business learned.
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P.R. bankruptcy filings drop 30% in July
August 2, 2011
Puerto Rico’s bankruptcy levels continued their downward trend last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help was reduced by 30 percent in comparison to the same month in 2010.
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La Fortaleza going ‘green’ through $1M investment
August 2, 2011
The hemisphere’s oldest operating governor’s mansion, La Fortaleza, will be going “green” after a $1 million investment to switch out energy-chugging lighting systems and air conditioning units for more efficient ones, government officials said Monday.
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SBA-backed loans up 29% through June, spurring $95M in local financing
August 1, 2011
In what may constitute as yet another sign of economic improvement, the U.S. Small Business Administration confirmed it has approved nearly $65 million in loan guarantees during the first nine months of fiscal 2011, reflecting a 29 percent increase in year-over-year activity in Puerto Rico and the U.S. Virgin Islands.
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U.S. Navy puts 2K acres of former Roosey Roads land on block
July 31, 2011
The U.S. Department of the Navy’s Base Realignment and Closure Program Management Office is putting up for sale some 2,036 acres of land belonging to the former Naval Station Roosevelt Roads in Ceiba, announcing a public online auction on its Web site, where strikingly, it describes the land as ideal “for work or play.”
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Merck’s local operations excluded from global job cuts
July 30, 2011
Merck & Co.’s reported plans to cut back its workforce by about 13,000 by 2015 will not affect its local operations, Frank Gutiérrez, general manager of Merck Puerto Rico and the Caribbean, said Friday.
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AT&T to regulate speeds for ‘unlimited’ heavy users
July 30, 2011
AT&T dropped a bomb Friday on unlimited data plan smartphone customers who use their devices so much they fall into that top 5 percent that clogs up the network during any given billing cycle.
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NY firm to monitor energy use at several public buildings
July 30, 2011
For the second time this year, the Public Buildings Authority has awarded a contract to New York-based utiliVisor to monitoring energy consumption levels at government centers in Aguadilla and Caguas, as well as the Police Department’s Hato Rey headquarters.
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Claro bids $11.2M to pick up additional wireless licenses
July 30, 2011
This week, Claro bid close to $11.2 million for six wireless licenses auctioned off by the Federal Communications Commission, which it could use to improve or expand its mobile services, News is my Business learned Friday.
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Doral reports $4.5M 2Q net income
July 29, 2011
Doral Financial, the holding company of Doral Bank and Doral Bank FSB, reported net income of $4.5 million for the quarter ended June 30, 2011, compared to $3.3 million for the quarter ended March 31, 2011.
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EDC promotes P.R.’s aviation industry incentives at Air Venture 2011 event
July 29, 2011
The Economic Development and Commerce Department is presenting the incentives and competitive advantages Puerto Rico offers to the aviation sector during its debut in the 2011 edition of the renowned Air Venture industry gathering taking place in Wisconsin this week.
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Trucks get green light to use AutoExpreso toll payment system
July 29, 2011
As several of the island’s main toll plazas prepare to go completely cashless on Saturday, the Department of Transportation and Public Works announced that, for the first time, trucks will be allowed to use the “AutoExpreso” electronic payment system.
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Ford reports 37% local sales growth in 1st half of ’11
July 29, 2011
Ford Motor Company cruised through the first half of 2011, with a reported 37 percent increase in year-over-year vehicle sales in Puerto Rico, at a time when the industry had an overall growth of 1.9 percent, company officials said Thursday.
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U.S. State Dept. to set up P.R. passport processing office
July 29, 2011
Starting next year, Puerto Rico and U.S. Virgin Island U.S. residents will be able to get their passports issued at the U.S. State Department branch that will open in San Juan, rather than stateside, government officials said Thursday.
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United, American unveil mobile ‘apps’
July 29, 2011
In keeping with the unwavering growth of smartphone and tablet computer usage worldwide, United Airlines, Continental and American Airlines recently unveiled mobile applications offering passengers one-touch access to their travel information and the option to generate an electronic boarding pass.
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