The Women’s Affairs Advocate and Best Buy have joined forces to combat the escalating problem of domestic violence against women, of which there were 16,000 reported cases on the island last year.
Four months after announcing its intention of selling some $500 million in non-performing construction and commercial real estate loans to a newly created joint venture with an unrelated third party, Popular Inc. said Thursday it has walked away from the deal.
Air transportation between Puerto Rico and Florida got a bit more crowded Thursday with the inaugural flight offered by JetBlue between the island and Jacksonville. The new route will transport 36,000 visitors a year and is expected to inject $20 million into the local economy.
FirstBank Puerto Rico recently sold a couple of office buildings in Fort Lauderdale for $2.3 million, or 62 percent off their foreclosed mortgage value, according to the South Florida Business Journal.
The task of repairing Puerto Rico’s retirement systems debacle, which credit rating agencies have warned could affect the island’s credit rating, will require “tolerance, capacity for frank dialogue, a commitment to negotiate in good faith and willingness to make and honor concessions by retirees, current government employees and the general public.”
Local drugstore operator Farmacia Sally has secured a $1.5 million loan from Scotiabank de Puerto Rico to build a second location in Río Grande that will be completely “green,” company officials said.
The island’s reverse mortgage market is getting more competitive this week with the arrival of Atlanta-based Generation Mortgage, which is introducing its retail banking services to the market.
Bricks 4 Kidz, a franchise concept developed in 2010 that focuses on development activities for children using Lego bricks, will be opening its first location in Guaynabo later this year.
A month after insurance rating agency A.M. Best Co. downgraded National Insurance Company’s financial standing, the Office of the Puerto Rico Insurance Commissioner has stepped in to intervene with the insurance provider’s operations.
May 17 has been proclaimed International Internet Day and to mark the occasion, Google has outlined the seven trends that will shape the future of the Web, and its place in that evolution.
Puerto Rico residential property owners who have yet to register their units with the Municipal Revenues Collection Center, or CRIM, have until mid-June to do so to avoid being the target of potentially significant fines, government officials said Monday.
Religious radio broadcaster Nueva Victoria, located on the AM dial’s 1350 slot, is facing a $25,000 fine from the Federal Communications Commission for failing to keep up its end of the deal in a settlement agreement reached with the regulatory agency in 2008.
Health insurance provider MCS is expanding the scope of its Wellness Institute initiative to include more businesses looking to establish in-house programs to promote health in their workplaces. At present, there are 50 companies participating in the MCS program launched in November 2010.
Eastern Air Lines, the carrier that once touted itself as “the wings of man,” made a historic arrival at Luis Muñoz Marín Airport Monday as part of an initiative by the Historic Flights Foundation to promote the aviation industry and generate awareness of its fundamental role in history.
The State Insurance Fund recently signed off on a $242 million loan from Banco Santander Puerto Rico to refinance a prior loan that was in default and for ongoing improvements planned at the government agency.
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