American Airlines signs off on LMM privatization plan
May 25, 2011
The Gov. Luis Fortuño administration’s efforts to privatize the Luis Muñoz Marín International Airport seems to be moving forward as American Airlines, the facility’s largest carrier tenant, recently agreed to sign off on the plan, The Wall Street Journal reported.
chat_bubble0 Comment
visibility3469 Views
San Germán’s Hospital de la Concepción receives recognition
May 25, 2011
The Puerto Rico Hospitals Association recently named Hospital de la Concepción in San Germán “2011 Hero” for its 500 years of health care services, particularly to residents of the island’s southwestern region. “Aside from celebrating our people’s daily efforts to care for our community’s physical and spiritual well-being, we commemorate 500 years of humanitarian work […]
chat_bubble0 Comment
visibility26722 Views
Doral Mortgage launches $1.5M ad campaign
May 25, 2011
Doral Mortgage, a division of Doral Financial Corporation, launched Wednesday a new $1.5 million multimedia advertising campaign to tout the benefits of its services. The bank chose local comedian Raymond Arrieta as spokesman of the campaign focused on the “knowledge and service make a difference in your mortgage experience” tagline. “Raymond Arrieta is a much-loved […]
chat_bubble0 Comment
visibility8141 Views
Fortuño administration files new cruise ship industry law
May 25, 2011
Slightly more than a month before the island’s current cruise ship incentives law expires, the Gov. Luis Fortuño administration filed Wednesday a new bill that would expand the scope of benefits offered to a sector that generates $245 million for the local economy.
chat_bubble2 Comments
visibility4135 Views
Obama’s June visit to P.R. to be short but meaningful
May 25, 2011
President Barack Obama’s visit to the island in about three weeks will be brief, but will mark nearly half a century since John F. Kennedy’s visit in 1961. That was the last time the island, a U.S. jurisdiction, welcomed a sitting U.S. president. On June 14, Obama will lead members of the White House Task […]
chat_bubble0 Comment
visibility14940 Views
DDB buys majority stake in EJE, creating DDB˚ Latina Puerto Rico
May 25, 2011
Following a 15-year courtship, local advertising agency EJE Sociedad Publicitaria has agreed to enter into a corporate marriage with long-time business partner DDB Worldwide, giving birth to DDB˚ Latina Puerto Rico, executives from both companies announced Tuesday.
chat_bubble0 Comment
visibility8005 Views
Advent-Morro pumps $5M into La Familia pawnshop chain
May 24, 2011
Private equity firm Advent-Morro announced Tuesday it is investing $5 million in pawnshop chain La Familia to support its expansion plans in Florida and Puerto Rico.
chat_bubble0 Comment
visibility3835 Views
Payá restaurant closes its doors
May 24, 2011
Contemporary criollo bistro Payá closed its doors abruptly on Tuesday, leaving only a note on the door of the restaurant located at City View Plaza in Guaynabo.
chat_bubble0 Comment
visibility5333 Views
Congressman blasts FDA for lax oversight of J&J’s P.R. plants
May 24, 2011
The head of the U.S House of Representatives Oversight Committee, Rep. Darrell Issa (R-Calif.), recently blasted the U.S. Food & Drug Administration for failing to properly monitor Johnson & Johnson’s McNeil unit in Las Piedras, which last year got into trouble for production flaws that led to massive recalls.
chat_bubble0 Comment
visibility10122 Views
El Blok hotel in Vieques to open December ’12
May 24, 2011
Nearly three months after announcing the approval of a $3.5 million loan to facilitate the construction of a new boutique hotel in Vieques, Economic Development Bank officials participated Monday in the groundbreaking for what in December 2012 should become the El Blok boutique hotel.
chat_bubble4 Comments
visibility8799 Views
From the Boondocks
May 24, 2011
Former telecom executive Raúl Burgos, who since leaving the industry has been immersed in the world of entrepreneurship, offers his candid take on Puerto Rico’s business landscape and how it compares to what is going on beyond our shores.
chat_bubble1 Comment
visibility4739 Views
Health-conscious fast-food chain UFood Grills to open in P.R.
May 23, 2011
Healthy fast-food restaurant UFood Grill is poised to enter the local market later this year with the first of eight planned locations in Puerto Rico, Boston-based UFood Restaurant Group Inc. announced.
chat_bubble0 Comment
visibility3495 Views
IVU collections reach $94.6M in April, maintain steady pace
May 23, 2011
Sales and use tax collections remain steady during the first 10 months of the current fiscal year, a pattern Treasury Department Secretary Jesús Méndez said is the result of several measures the administration has implemented to shore up much-needed cash for the government.
chat_bubble1 Comment
visibility3198 Views
MCS invests $600K to open 3 new regional offices
May 23, 2011
Insurance provider Medical Card Systems Inc. recently completed a $600,000 investment to open three new customer service offices in Bayamón, Vega Alta and Naranjito that will benefit a combined 342,000 insured customers along the northern-central region, company officials said.
chat_bubble0 Comment
visibility3679 Views
Wall Street banks square off over $1B P.R. highway concession
May 22, 2011
New York-based investment banking firms Goldman Sachs and Morgan Stanley are apparently dueling over the $1 billion privatization project of PR-22, the 52-mile stretch of highway that runs from San Juan to Arecibo.
chat_bubble0 Comment
visibility3274 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA