‘Fast Five’ explosive box office debut reaffirms P.R. as filmmaking destination
May 6, 2011
"Fast Five," the latest installment of the “Fast & Furious” movie franchise, which was filmed almost entirely in Puerto Rico last year, raced into theaters last weekend, becoming Hollywood’s best performing film of 2011, with $86.2 million at the box office during its debut.
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Claro, AT&T beef up handset portfolios with new devices
May 6, 2011
The island’s top two wireless carriers introduced more than a handful of devices Thursday, keeping up with their commitments to offer island customers the latest in mobile technology.
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Treasury: March revenue collections reach $746M
May 5, 2011
Government revenue collections totaled $746 million in March, a figure that is 10.1 percent, or $69 million over the same month the prior year, the Treasury Department said Thursday.
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T-Mobile unveils full line of 4G devices
May 5, 2011
In keeping with plans announced last year to broaden the scope of its 4G service, wireless carrier T-Mobile recently incorporated three new devices into its lineup: the Sidekick 4G, the T-Mobile G2X with Google and the T-Mobile G-Slate with Google tablet.
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Grupo Episcopal San Lucas invests $17M in system-wide upgrades
May 5, 2011
Hospital operator Grupo Episcopal San Lucas has invested more than $17 million in the past six months to move forward its development plans to strengthen patient services offered at its Guayama and Ponce facilities, company officials announced Thursday.
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Retailers: P.R. must remain efficient to endure rising food prices
May 5, 2011
The links that make up Puerto Rico’s food chain — shippers, distributors and retailers — need to become as efficient as possible to keep costs in check as external pressures continue mounting and threatening the price and availability of products.
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Wireless carriers preparing to adopt emergency alert system
May 5, 2011
Puerto Rico’s wireless carriers, in cooperation with local and federal government agencies, are working toward deploying a platform known as the Commercial Mobile Alerts System, to be able to deliver real-time messages to subscribers in case of an emergency.
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NASA taps robotics institute as local education partner
May 5, 2011
The Puerto Rico Institute of Robotics, a local nonprofit dedicated to sparking the interest and knowledge among students in the disciplines of science, math, engineering, and technology, has been chosen among nine organizations that will partner with NASA this summer to help the agency implement its 2011 “Summer of Innovation” education program.
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Claro introduces iPad2 to portfolio of products
May 4, 2011
Telecommunications provider Claro announced Wednesday the availability of the trailblazing iPad2 mobile tablet, which it will market through payment plans allowing customers to finance it for 24, 36 or 48 months.
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Retirement System burgeoning deficit on Moody’s radar
May 4, 2011
Gov. Luis Fortuño’s administration has three months to show Moody’s Investors Service that it is taking enough — and correct — action to address the Commonwealth Retirement System’s $28 billion funding shortfall to avoid a possible downgrade of its current A3 rating.
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Telephone directory provider in P.R., DR files for bankruptcy
May 4, 2011
Squeezed by a decline in demand for its print telephone directories as consumers and advertisers turn their attention to online and mobile versions of the bulky book, Caribe Media Inc. filed for Chapter 11 bankruptcy protection Tuesday in Delaware.
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Bankrupt El Amal liquidating inventory; company president says unfair competition broke business
May 4, 2011
Nearly three months after abruptly closing down its local drugstore chain and filing for Chapter 11 bankruptcy protection, El Amal is liquidating the inventory it has left, the company in charge of the transaction announced in an ad published Tuesday.
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Walmart breaks ground on $50.2M Santurce Supercenter
May 4, 2011
Accompanied by Gov. Luis Fortuño and other government officials, retailer Walmart broke ground Wednesday on the new Supercenter it plans to build in the heart of Santurce, through a $50.2 million investment.
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April bankruptcies show year-over-year, double-digit drop: A 1st since ’06
May 2, 2011
The number of bankruptcy cases filed on the island in the month of April represented an 11 percent drop in comparison to the same month last year, Boletín de Puerto Rico reported Monday.
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CofC, EDC urge private sector to fill out WEF survey
May 2, 2011
The survey that will determine Puerto Rico’s ranking in this year’s World Economic Forum’s Competitive Report has been distributed to members of the local business community, who the Puerto Rico Chamber of Commerce is urging to fill it out to help paint a clear picture of the island’s current standing.
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