MasterCard sees consumer confidence rebounding
April 5, 2011
Mario Pérez (Credit: © Mauricio Pascual) Puerto Rican consumers appear to be getting their confidence back, at least when it comes to swiping their MasterCard at the cash register. Such is the conclusion that Mario Pérez, general manager for MasterCard’s Caribbean region, offered based on last quarter’s performance levels on the island and throughout Latin […]
chat_bubble0 Comment
visibility3732 Views
Borders Carolina store closing April 15
April 5, 2011
Time is running out for the Borders bookstore in Carolina, which is set to close on April 15 — just two weeks shy of the contractual deadline that Illinois-based Hilco Merchant Resources, LLC has to finish liquidating as much as it can from the stores destined to close.
chat_bubble0 Comment
visibility4600 Views
Crowley, Ports reach inspections agreement
April 4, 2011
Rapiscan’s scanner facility in place at Crowley’s port facilities in San Juan. (Credit: © Mauricio Pascual) A week after the U.S. District Court for Puerto Rico granted a petition by shipping company Crowley for an emergency injunction against the Ports Authority’s mandatory cargo inspections, the parties have reached an agreement through which Crowley will launch […]
chat_bubble0 Comment
visibility3382 Views
Stateside Sbarro Ch. 11 petition spares P.R. operation
April 4, 2011
Fast-food Italian eatery chain Sbarro filed for Chapter 11 bankruptcy protection for its stateside business, a decision that is not expected to affect the local eight-restaurant operation, News is my Business learned Monday.
chat_bubble0 Comment
visibility3371 Views
SWA announces e-waste recycling event
April 4, 2011
If you’re one of thousands of consumers with old, useless electronic equipment lying around your home or office, you will have the chance to dispose of those devices properly next weekend during the Solid Waste Authority’s e-waste recycling event.
chat_bubble0 Comment
visibility3209 Views
GDB economic activity index shows 0.4% growth in February
April 3, 2011
Puerto Rico’s Economic Activity Index for February showed the first month-over-month increase, of 0.4 percent in comparison to January, since October 2010, the Government Development Bank said Sunday.
chat_bubble0 Comment
visibility2701 Views
OneLink begins all-digital system conversion
April 2, 2011
San Juan metropolitan area cable television provider OneLink has begun the conversion of its basic cable signal to digital format, a process that adds quality to the service and will affect thousands of customers who currently do not use a set-top box to watch television.
chat_bubble0 Comment
visibility4018 Views
NY Fed chief: P.R. showing signs of improvement
April 1, 2011
Puerto Rico’s economy may be showing signs that it is finally emerging from the recession it has been under for the past five years, but conditions still remain difficult for many as the island pulls out of its slump, Federal Reserve Bank of New York President William Dudley said Friday in a presentation during the E-3 Summit of the Americas conference in San Juan.
chat_bubble0 Comment
visibility2987 Views
First BanCorp unable to file timely ’10 annual report with SEC
April 1, 2011
First BanCorp on Friday informed the Securities and Exchange Commission that it will not be able to file its annual report for the year ended Dec. 31, 2010 on time, “without unreasonable effort and expense,” as it has not finished preparing the documents for that filing period.
chat_bubble0 Comment
visibility11065 Views
Saborea weekend food fest to pump $1.8M into economy
March 31, 2011
This weekend, the eyes of the culinary world will be on Puerto Rico, with the start of Saborea Puerto Rico: A culinary extravaganza! For the fourth edition of the event, 55 local and international chefs as well as 60 local restaurants will gather on the beachfront Punta del Escambrón, in San Juan, to enjoy a weekend of food, drink and cooking exhibits.
chat_bubble0 Comment
visibility3484 Views
Full text of the IRS resolution on 4% excise tax credit
March 31, 2011
On Thursday, News is my Business obtained a copy of the notice the Internal Revenue Service sent to the government of Puerto Rico with regards to the federal credit granted for the 4 percent excise tax that went into effect in January.
chat_bubble2 Comments
visibility4341 Views
IRS confirms 4% excise tax can be written off federal return
March 31, 2011
Local manufacturing companies subjected to the 4 percent excise tax imposed in January through Law 154 may want to breathe a sigh of relief, as the Internal Revenue Service has confirmed that they will be able to take a credit on their federal income tax returns for the amount paid in Puerto Rico.
chat_bubble0 Comment
visibility3695 Views
American Eagle facing hefty FAA fine
March 30, 2011
Executive Airlines, which serves the Caribbean out of San Juan as American Eagle, is facing a $550,000 fine from the Federal Aviation Administration for failing to complete appropriate inspections on several aircraft.
chat_bubble0 Comment
visibility3733 Views
BPPR to sponsor luxury property auction in May
March 30, 2011
New York-based real estate auctioneer Sheldon Good & Co. and Banco Popular de Puerto Rico announced Wednesday an upcoming joint auction of 101 luxury residences and villas located in five developments throughout the island.
chat_bubble0 Comment
visibility4255 Views
$40M hotel/commercial complex planned for Laguna area
March 29, 2011
A $40 million mixed-use project is in the works for the Laguna Shopping Center area in Carolina that calls for developing a trio of multi-story towers to be split between hotels and commercial spaces.
chat_bubble0 Comment
visibility5875 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA