Toys R Us begins selling iPad 2 nationwide, P.R. stores included in roll-out
April 21, 2011
Techies looking to pick up an Apple iPad 2 will have yet another, albeit unlikely, retail location to go get it starting this week — Toys R Us.
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P.R. gas prices still below US levels
April 21, 2011
As the price of gasoline officially soared to more than $4 a gallon in six U.S. jurisdictions, and counting, the price for gasoline in Puerto Rico remained slightly below that threshold over the weekend.
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Fire breaks out at former San Juan Star building
April 21, 2011
The former San Juan Star building on Kennedy Avenue caught fire Monday, requiring the presence of a contingent of firefighters to put out the blaze.
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Warner Chilcott global restructuring entails elimination of 87 local jobs
April 21, 2011
Ireland-based specialty pharmaceutical company Warner Chilcott on Monday announced plans to restructure its European operations and finalize the conversion of its Manatí plant into a warehouse, supposing the elimination of 87 jobs effective mid-May.
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El San Juan Hotel & Casino has new GM
April 21, 2011
The 382-room El San Juan Hotel & Casino, A Waldorf Astoria Hotel in Isla Verde has a new general manager, George García, who has been appointed by Hilton Worldwide to oversee the property.
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AT&T files FCC petition for approval of T-Mobile buyout
April 21, 2011
Exactly 30 days after announcing plans to acquire rival wireless carrier T-Mobile, AT&T Inc. filed Thursday the petition for authorization of the transaction at the Federal Communications Commission, the agency confirmed on its website.
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P.R. Convention Bureau unveils new interactive website
April 21, 2011
The Puerto Rico Convention Bureau, a nonprofit organization dedicated to promoting the island as a meetings and conventions destination, unveiled Thursday a new interactive website, www.meetsanjuan.com to help planners organize their events.
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Doral reports $3.3M net income increase in 1Q
April 20, 2011
Doral Financial Corp., parent company of Doral Bank, released quarterly results Wednesday that reflected $3.3 million in net income for the period ended March 31, a marked improvement from the $36.1 million in net losses on record for the prior quarter ended Dec. 31, 2010.
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Retailers report slight growth in ’10, rising cost of food, gas likely cause
April 20, 2011
The island’s retail sector ended 2010 with a slight 1.85 percent year-over-year increase, generating more than $2.3 billion in activity. However, the rising costs of food, gasoline and medicines, coupled with the influx of federal funding, could explain the spending growth.
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2 major manufacturers say effects of P.R. 4% excise tax ‘positive,’ pay combined $20M in 1Q
April 20, 2011
Two major manufacturing plants employing more than 2,000 people on the island paid a combined $20 million to the government of Puerto Rico during the first quarter, related to the recently effected 4 percent excise tax on foreign corporations.
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Wal-Mart, Health Dept. team up to run free vaccination clinics
April 20, 2011
Wal-Mart and Sam’s Club are joining forces with the Health Department in a vaccination drive for children and youth between the ages of two months and 18 years. The health clinics will take place April 25-30 at stores throughout the island.
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AGC selects island for its ’15 annual convention
April 19, 2011
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.
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América Móvil hit with record $1B fine in Mexico
April 19, 2011
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.
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Island bankruptcies up 3% in March, 6% in 1Q ’11
April 19, 2011
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.
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P.R. jobless rate beats out rest of 50 states
April 19, 2011
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.
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