Chef Treviño’s Casa Lola Criollo Kitchen opens June 6
June 1, 2011
Local chef and restaurateur Roberto Treviño is less than a week away from opening his newest restaurant, Casa Lola Criollo Kitchen, just a short stretch down Ashford Avenue in Condado from where his three other other restaurants are located. The trendy eatery, which entailed remodeling the historic structure at an investment of more than $500,000, […]
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Polytechnic U breaks ground on $10M expansion, renovation project
June 1, 2011
Hato Rey’s Polytechnic University of Puerto Rico broke ground Tuesday on a $10 million renovation and expansion project for its main campus that will result in an improved multipurpose building and the addition of a new pedestrian access, school officials said.
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Banco Santander nabs SBA platinum award
May 31, 2011
Banco Santander de Puerto Rico recently received the U.S. Small Business Administration’s platinum award for its participation in the agency’s loan guarantee program for the Puerto Rico/U.S. Virgin Islands region.
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PPPA confirms 2 groups in the running for highway privatization project
May 31, 2011
The Puerto Rico Public-Private Partnerships Authority has confirmed Goldman Sachs and Morgan Stanley were the front-runners to bid for the privatization project of PR-22, the 52-mile stretch of highway that runs from San Juan to Arecibo, a week after word got out that the New York-based investment banking firms were jockeying for the $1 billion contract.
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Suiza Fruit launches promotional campaign
May 31, 2011
Fruit juice brand Suiza Fruit launched Tuesday a new promotional effort under the “Thirst for the Road with Suiza Fruit” slogan, urging consumers to share photos or videos of outdoor events and how they are pared with Suiza Fruit products.
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Pridco assigns $100K matching grant to UPR food tech program
May 31, 2011
The University of Puerto Rico’s Mayagüez Campus is getting $100,000 in financing from the Puerto Rico Industrial Development Co. to work with the island’s food and beverage industry to develop a nutritional labeling and lab testing program.
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First BanCorp sells 24.9% stake to private equity firm
May 31, 2011
After many months of talk that it would sell its operation off partially or entirely to offset its financial problems, First BanCorp on Tuesday announced it has entered into a definitive investment agreement with private equity firm Thomas H. Lee Partners, L.P. under which THL would purchase about $180 million of the bank’s common stock.
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Proposed $500M waste-to-energy plant in Arecibo would adopt U.S. methods
May 31, 2011
Puerto Rico residents generate between 11,000 and 12,000 tons of waste, or about five pounds per person, every day that goes straight to the island’s landfills. However, through the proposed Puerto Rico Resource and Renewable Energy Project, that habit can change and what is considered waste today could be recycled as fuel in the near future.
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Ferry service to the D.R. sets sail June 1
May 30, 2011
Marine Express and America Cruise Ferries will begin offering passenger ferry service between the port of Mayagüez and Santo Domingo in the Dominican Republic starting Wednesday.
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Most banks closed on Memorial Day, BBVA operating half-day
May 30, 2011
The majority of Puerto Rico’s banks will remain closed today, in observance of Memorial Day, resuming operations Tuesday.
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National P.R. Coalition asks FCC to approve ATT/T-Mobile merger
May 28, 2011
Washington, D.C.-based National Puerto Rican Coalition threw it support behind the proposed merger between AT&T and T-Mobile, asking the Federal Communications Commission in a letter Friday to approve the deal as it believes it will help to better meet the wireless needs of the Puerto Rican population on and off the island.
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Medical device maker Boston Scientific recalls catheter sold in P.R., USVI
May 28, 2011
Massachussetts-based Boston Scientific on Friday announced the recall of more than 29,000 of its iCross Coronary Imaging Catheters distributed in the U.S. mainland, Puerto Rico, Trinidad & Tobago and the U.S. Virgin Islands.
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PRBI peers with Google, Facebook, Amazon
May 27, 2011
Critical Hub Networks, managing company of the Puerto Rico Bridge Initiative, announced Friday it has established peering with Facebook, Google, and Amazon. The interconnectivity agreement will enable direct data exchange among the networks, bypassing the Internet, for faster, more efficient and reliable services.
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Microsoft, EDC work together to harness benefits of cloud computing
May 27, 2011
The benefits of being able to access work, entertainment and other digital content anywhere, anytime and on any device — the philosophy behind cloud computing — are already rippling through Puerto Rico’s consumer and business community.
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Belcorp introduces Esika cosmetics line to P.R. market
May 27, 2011
The island’s economy may be in crisis, but one may not be able to tell by looking at Puerto Rican women, who reportedly outspend their peers in the Latin American region on cosmetics and personal care products.
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