CNE’s Marxuach: Solving retirement system debacle will require tolerance, commitment
May 18, 2011
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.”
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Scotiabank grants $1.5M loan to build ‘green’ pharmacy in Río Grande
May 18, 2011
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.
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New player enters P.R. reverse mortgage market
May 18, 2011
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.
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Bricks 4 Kidz franchise opening in Guaynabo, Villa Fresh Italian Kitchen expands
May 17, 2011
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.
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P.R. insurance commissioner intervenes with National Insurance Company’s operations
May 17, 2011
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.
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Google predicts future of the net on Internet Day
May 17, 2011
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.
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CRIM extends property registration deadline to June 12
May 16, 2011
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.
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Religious AM radio station facing $25K FCC fine
May 16, 2011
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.
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MCS expands institutional wellness training program
May 16, 2011
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.
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Eastern Air Lines’ spirit lives on
May 16, 2011
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.
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SIF obtains $242M loan from Banco Santander Puerto Rico
May 16, 2011
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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Badillo, EJE, big winners at Cuspide awards ceremony
May 14, 2011
Badillo Nazca Saatchi & Saatchi was the big winner of Friday night’s 29th edition of the Cuspide advertising industry awards, nabbing eight awards for campaigns executed over the past year for clients Toyota de Puerto Rico and the United Way.
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Eastern Air Lines returns to P.R. for historic trip
May 13, 2011
For a few hours on Monday, the Luis Muñoz Marín Airport will go back in time to an era when flying meant that passengers would dress up for their journey and flight attendants would pass out playing cards and pillows for the trip.
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Local telecom provider Optivon deploys large-scale Ethernet network
May 13, 2011
Guaynabo-based Optivon, dedicated to providing managed information technology and telecommunications services has partnered with North Carolina's solutions provider Overture Networks to launch the island's first mid-band metropolitan area Ethernet network designed to deliver high-bandwidth Ethernet and direct Internet access to areas throughout the island.
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HP challenges Cisco in business networking systems arena
May 13, 2011
Las Vegas, NV. -- Hewlett Packard took direct aim at rival Cisco with the unveiling in this city of its new unified HP FlexNetwork product, designed to enable large client companies to physically and virtually manage their networks through what the Palo Alto-based firm dubs "a single pane of glass" access point.
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