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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T-Mobile doubles local 4G network speeds to 42Mbps
May 26, 2011
Just seven months after flipping the switch on its 4G network, T-Mobile announced Thursday a $5 million network enhancement that duplicates theoretical peak speeds to 42 megabits per second, throughout a considerable footprint in Puerto Rico.
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Iberia moving in with partner American Airlines at LMM
May 26, 2011
American Airlines and partner Iberia announced Thursday they will be sharing the same terminal and counter space at the Luis Muñoz Marín Airport, starting Saturday.
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Sprint announces upcoming launch of next-generation network
May 26, 2011
Five months after its stateside parent announced it, Sprint Puerto Rico officials confirmed the upcoming local launch of its 4G Network Vision blueprint to deploy a cost-effective, innovative network plan to further enhance voice quality and data speeds for customers across the United States. When available, Sprint’s Network Vision is expected to consolidate multiple network […]
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Wireless competition heats up as summer approaches
May 26, 2011
The competitiveness level among the island’s wireless carriers, which never seems to take a break, is peaking again this week as four of the five industry players turn to the media to announce new devices and services.
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FirstBank launches multi-pronged ‘green’ strategy
May 26, 2011
Looking to become “One with the environment,” FirstBank Puerto Rico launched a multi-pronged corporate responsibility campaign Wednesday using that very slogan.
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