Ford sales increase 39% in P.R.
April 28, 2011
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.
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Edwards Lifesciences CEO urges creating path toward ‘prosperous Puerto Rico’
April 28, 2011
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.
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Wal-Mart Puerto Rico names new GM
April 28, 2011
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.
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Convention Bureau president Viscasillas resigns
April 27, 2011
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.
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Fortuño names new EDB chief
April 27, 2011
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.
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Dell launches new service division
April 27, 2011
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.
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Hamilton Sundstrand’s P.R. operations receive distinction
April 27, 2011
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.
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Pridco promotions maintain steady pace in fiscal ’11
April 26, 2011
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.
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Open Mobile, Motorola launch pair of devices, new unlimited plan
April 26, 2011
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.
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Popular Inc. back to black, reports $10.1M net income in 1Q
April 25, 2011
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.
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P.R. landline use going down path of rotary phone as wireless maintains exponential growth
April 25, 2011
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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Local delegation drums up $5M in business in Panama
April 25, 2011
A delegation of 14 local companies organized by Puerto Rico Trade to participate in the international Expocomer 2011 fair held in Panama late last month generated nearly $5 million in immediate and future sales in the areas of technology, food, construction and renewable energy, the agency announced Monday.
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Medtronic solves issues brought up in FDA warning letter
April 25, 2011
Nearly two years after running into problems with the U.S. Food & Drug Administration over compliance issues at its Juncos plant, Medtronic has successfully resolved the issues mentioned in the warning letter.
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Victoria’s Secret eyes P.R. as part of int’l expansion
April 22, 2011
Ohio-based retailer Limited Brands is looking to open its first Victoria’s Secret location in Puerto Rico, after years of serving local customers exclusively via online and catalog orders. The store is slated to open in Plaza las Américas in Hato Rey.
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Old San Juan Hard Rock Cafe closing today
April 22, 2011
Nearly two decades after arriving on the island with its famous burgers, rock 'n' roll music and iconic memorabilia, Hard Rock Cafe will be closing its Old San Juan restaurant effective today, company officials announced Friday.
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