Telecommunications service provider Claro may be close to approaching the finish line on a more than three-year race to obtain franchise rights to launch islandwide cable television services in Puerto Rico, News is my Business learned Thursday.
Calling it its “manifesto on the economy,” the Puerto Rico Manufacturers Association unveiled Thursday a series of initiatives needed to regain the ability to expand the island’s economy and create jobs.
Some 1,500 Puerto Rico homeowners facing the possibility of foreclosure may be able to qualify for a new $20 million emergency assistance program unveiled Friday by the Puerto Rico Housing Financing Authority, in agreement with local banks.
German medical device maker Sartorius Stedim Biotech announced plans for a $20 million expansion at its industrial complex in Yauco, which will add 87 new jobs and a new filtration systems manufacturing line to its operation.
Automaker Ford reported an increase in sales of 39 percent during the first quarter of 2011 in Puerto Rico, ranking second behind Toyota Puerto Rico, with 2,329 new units sold during the three-month period, Waldo Galán, general director of Ford International Business Development for Puerto Rico said Thursday.
Puerto Rico’s future success and prosperity depends on its ability to continue innovating to remain competitive and relevant, figure out a way to retain its strong talent pool and refrain from falling into the category of not being “business friendly,” said Michael Mussallem, CEO of Edwards Lifesciences to a standing-room-only group of executives Thursday.
Wal-Mart Stores Inc. announced Thursday the appointment of Jaime Fernández Palacios as general manager for the Puerto Rico region, where the retailer operates 55 Walmart, Sam’s Club, Amigo and Súper Ahorro stores.
Puerto Rico Convention Bureau President Ana María Viscasillas resigned to her post late Wednesday, amid media reports of irregularities at the agency and the possibility that it may be merged with the Puerto Rico Tourism Company.
Gov. Luis Fortuño announced Wednesday the appointment of Ivonne Otero Guzmán as Economic Development Bank president, succeeding banker Lizzie Rosso who resigned to the post late last month to return to the private sector.
Less than five months after acquiring storage solutions and data management developer Compellent Technologies for $960 million, Dell announced Wednesday the formal launching of Dell Compellent, a new service division in Puerto Rico.
Hamilton Sundstrand’s electronics operation in Santa Isabel has been chosen by Bombardier Aerospace as one of this year’s eight recipients of its recently established Bombardier Achieving Supplier Excellence, or BASE, recognition award, it was announced Wednesday.
The Puerto Rico Industrial Development Co. has promoted a total of 45 industries during the first nine months of the current fiscal year, keeping up with the pace it showed during the same period last year, the agency’s most recent data shows.
Wireless carrier Open Mobile and device manufacturer Motorola Mobility have teamed up to enter the so-called premium mobile market with the introduction of two Motorola products that are paired with an unlimited plan to talk, text and surf the Web for $65 a month.
Buoyed by a reduction in the island’s corporate tax rate and the sale of its equity stake in Consorcio de Tarjetas Dominicanas, S.A., Popular Inc. on Monday reported net income of $10.1 million for the first quarter ended March 31, an improvement over the net loss of $85.1 million during the same period the year before.
A little more than one-third of island business and residential consumers have done away with their landline service in the last decade. While the reasons may be more than a few, saving money by opting out of traditional phone service and the practicality of mobility are likely highly responsible for fixed lines going down the same path as rotary phones.
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