The Associated General Contractors of America has selected Puerto Rico as the site of its 2015 annual convention, to be held Mar. 17-20 at the Puerto Rico Convention Center.
Mexico’s Federal Competition Commission has slapped América Móvil with a $1 billion fine for monopolistic practices following a probe launched in that country in 2006. The watchdog agency determined the company, which commands 71 percent of Mexico’s mobile market through its Telcel subsidiary, is abusing its dominant position.
Puerto Rico’s bankruptcy levels continued their seemingly unstoppable upward trend in March, when the total number of cases filed, 1,103, were 3 percent higher than the number on record for the same month in 2010.
As two-thirds of U.S. jurisdictions saw their unemployment rates drop in March, Puerto Rico soared past the jobless levels of all the 50 states with 16.9 percent of people out of work, according to a report by the federal Bureau of Labor Statistics released Tuesday.
Puerto Rican consumers appear to be shifting toward eating out more than going to the grocery store, according to the results of a study commissioned by the Food Marketing Industry and Distribution Chamber released Wednesday that indicates a 12.1 percent drop in how much they spent last year on unprepared food.
The proposed transaction has yet to be submitted to the Federal Communications Commission for consideration, and the agency’s chief economist, Jonathan Baker, is already raising concerns about the deal’s potential increase on wireless prices.
Gov. Luis Fortuño announced Tuesday his administration’s proposed $9.26 billion budget for fiscal 2012, which is $110 million higher than the one currently being spent that expires June 30.
In about a year, the Luis Muñoz Marín International Airport in Carolina should be in the hands of a private operator, as per an updated timeline of the process that David Álvarez, executive director of the Puerto Rico Public-Private Partnerships Authority, presented to island investors last week.
The Federal Deposit Insurance Corporation is said to be preparing to sue at least 150 banking executives responsible for the financial debacle that has prompted the closing of nearly 350 banks in the United States since 2008, including three in Puerto Rico last year.
Just four days before this year’s April 15th filing deadline, the number of corporate annual report filings at the State Department through Sunday had increased by 413 percent in comparison to the same date last year, which Secretary of State Kenneth McClintock attributed to the almost mandatory electronic filing requirement.
It has yet to truly hit the road and it is already hitting some bumps, of the mechanical malfunctioning kind. The Nissan Leaf, the automaker’s first battery-powered sedan, which the local government chose earlier this year to launch an electric vehicle program on the island, has already shown signs of engine restart troubles, manufacturers in Japan said over the weekend.
Ponce Mayor María Meléndez and Agriculture Secretary Javier Rivera Aquino, center, tour the Plaza del Caribe farmers’ market Saturday. Some 25 farmers participating in the Agriculture Department-sponsored farmers’ market in Plaza del Caribe in Ponce are expected to wrap up the weekend with between $35,000 and $40,000 in sales, organizers said. The first-of-its-kind event to […]
The State Insurance Fund closed 2010 with 116,380 insured Puerto Rico employers on record, the highest number reported in the agency’s 75-year history, Administrator Zoimé Álvarez said Saturday.
The government’s economic team, headed by Gov. Luis Fortuño, told Puerto Rico investors on Friday that while the island’s economy will not see growth until 2012, it is on an improvement track.
Doral Bank is looking to reduce its energy footprint and contribute to better local environmental conditions with a $1 million overhaul of its Roosevelt Ave. headquarters lighting systems.
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