New $1.2M fresh milk ad campaign focuses on fun
July 12, 2011
The Milk Industry Development Fund unveiled Monday its newest advertising push for the island’s Grade A product, spending $1.2 million to deliver the message that fresh milk is a fun part of being healthy.
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La Concha opens $1.2M Voga Italian Grill
July 12, 2011
The Voga Italian Grill, the newest option in the Condado sector of San Juan for Italian food lovers, recently opened at La Concha A Renaissance Resort, following at $1.2 million investment.
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Farmers score $1M in new business last weekend
July 12, 2011
A group of 100 farmers and agricultural executives participated in a handful of activities over the weekend in Puerto Rico and stateside that could generate more than $1 million in sales of local products both locally and abroad, the Agriculture Department said Monday.
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GSA looking for operator for Maunabo’s Punta Tuna lighthouse
July 12, 2011
In coming months, the U.S. General Services Administration will be turning over the stewardship of 12 historic lighthouses around the country, including the emblematic Punta Tuna lighthouse in Maunabo, the agency announced recently.
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San Juan-based Syndicate Holdings picks up insurance division in U.K. for $110M
July 11, 2011
San Juan-based Syndicate Holding Corp. is buying HSBC Holdings PLC’s United Kingdom motor vehicle insurance division for $110 million in cash, the latter company announced Monday.
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Health Dept. owes MCS-HMO $242M
July 11, 2011
MCS-HMO, the private company that for the past nine months managed MI Salud health benefits throughout most of the island, presented documentation Monday confirming it is owed $242.6 million in payments and premiums by the Health Services Administration, known as ASES in Spanish.
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Sony Puerto Rico franchising retail concept, looks to open 3 new stores in ’12
July 11, 2011
Sony Puerto Rico is looking to expand its local footprint, and generate opportunities for island entrepreneurs in the process, by franchising its Sony Style retail operation to open three new stores starting late 2012, News is my Business has learned.
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MIDA resolves to defend federal nutritional aid, push for restoring $450M SNAP funding
July 10, 2011
The Marketing, Industry and Food Distribution Chamber resolved Saturday to lobby — at the local and federal levels — to protect the close to $2 billion in federal funds Puerto Rico receives to float the Nutritional Assistance Program during next year’s Farm Bill review, organization officials said during its general assembly.
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Amgen, NASA partner to conduct R&D aboard space shuttle Atlantis
July 10, 2011
When space shuttle Atlantis took off on its final mission Friday, it was carrying a crew of special tiny passengers that are part of an advanced research and development project that could benefit humans for decades to come.
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Supermarkets must focus on technology, trends, to draw consumers
July 9, 2011
The changing economy is making it a virtual requirement for the food industry, especially supermarkets and other retailers, to stay ahead of trends to attract consumers, said Phil Lempert, known stateside as the "Supermarket Guru” for his reputation as one of the leading analysts of consumer behavior trends in the food industry.
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Small businesses take part in government-sponsored exports forum
July 8, 2011
More than 100 local local entrepreneurs had the chance to learn about new programs and services to increase their exports or begin the process of exporting, as well as establishing ties with local and federal officials, international business experts and international banking and insurance professionals during Thursday’s Global Access Exporter Forum.
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MCS, Health Dept. break up after 9 months, affecting 800,000 beneficiaries
July 8, 2011
Nine months after being selected to participate in the government’s public healthcare program, insurance provider MCS has reportedly walked away in a move that could affect more than 800,000 beneficiaries.
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Euroclass, Autos Vega file for Ch. 11 protection
July 7, 2011
European car dealership Euroclass Motors and Autos Vega, the island’s largest Ford Dealership, filed for Chapter 11 bankruptcy protection Wednesday, News is my Business has learned.
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Consumer X-Ray: Preferences defined by generation; younger shoppers price conscious
July 7, 2011
Puerto Rican consumers are clearly divided according to generations, with each reflecting unique sets of likes and tastes, as well as their own way of shopping. The commonality among all groups, however, is that they are increasingly more demanding, educated and sophisticated.
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P.R. included in MasterCard’s ‘Priceless Cities’ program
July 7, 2011
Puerto Rico’s pristine beaches and slew of entertainment options have long made it one of the most exciting destinations in the world. However, in recent years, the economy has presented a challenge that the tourism industry has addressed with creative campaigns.
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