Gov. Luis Fortuño will be signing a six-month extension to the 2011 Housing Stimulus law today, giving would-be homebuyers the chance to take advantage of exemptions on closing costs and taxes.
Jacksonville-based Crowley Holdings Inc., parent company of the 119-year-old Crowley Maritime Corporation, announced Friday it has acquired the business and assets of Puerto Rico Freight Systems in Guaynabo, for an undisclosed amount.
Island bankruptcy cases for the month of June were down 15 percent, with personal cases filing the most marked drops, a preliminary tally from Boletín de Puerto Rico released Friday showed.
Twelve years after launching its on-demand video streaming service in the U.S. mainland and Canada, Netflix Inc. has finally included Puerto Rico in its footprint, opening the door for thousands of island residents wanting to subscribe to the service directly or via their video game devices.
Tourism representatives in Puerto Rico are working with their peers in this island nation to develop all-inclusive, multi-destination packages to attract more visitor traffic to both islands, who in turn would get the opportunity to visit both destinations in the same trip.
Santo Domingo, Dominican Republic -- One month after restarting its maritime connection between Puerto Rico and this neighboring island nation, the Caribbean Fantasy ferry will be officially inaugurated at the Don Diego terminal in the city's colonial zone during a ceremony later today.
Low-cost carrier JetBlue announced Wednesday the January 2012 start of direct, non-stop service between the Luis Muñoz Marín International Airport and Bradley International Airport in Connecticut — a popular route long underserved by airlines.
Agricultural technology company Monsanto will announce today a $4.3 million expansion to convert temporary facilities in Juana Díaz into permanent ones, while expanding its research and development labs on the island, according to stateside reports.
Puerto Rico’s growing 50-and-over population is financially powerful, young at heart, protective of their properties, focused on their well-being, and live for the moment, while remaining fully capable of taking care of themselves in the long-run.
With just two days left until the end of the government’s 2011 fiscal year, Treasury Secretary Jesús Méndez on Tuesday urged citizens and corporations that have not reported income received from legal sources to do so without penalty through the agency’s Voluntary Declaration Program that ends June 30.
The Plaza las Américas shopping center in Hato Rey will be adding two new tenants to its mix — CH Carolina Herrera boutique and the Disney Store — by the end of the year, mall operators announced Tuesday.
First Bancorp announced Tuesday it has entered into a definitive agreement with Oaktree Capital management to sell 24.9 percent of its common stock, for $175.5 million. The transaction comes a month after FirstBank’s parent company entered into a similar agreement with private equity firm Thomas H. Lee Partners, L.P.
Over the next three years, two Puerto Rico highways will undergo a $56 million facelift en route to becoming world-class roads, so said the new private-sector consortium of Goldman Sachs Infrastructure Partners/Abertis, upon signing a 40-year management contract with the government at La Fortaleza Monday.
Satellite television provider DirecTV is wrapping up its 12th year of operations on the island with a $13 million investment in new projects slated through the end of 2011.
Boston-based Sovereign Bank, a wholly owned subsidiary of Banco Santander, has named former Government Development Bank President Carlos García to the position of chief of staff reporting directly to Jorge Morán, president and CEO of Sovereign Bank and country head of Santander businesses in the United States.
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