The U.S. Food and Drug Administration and the U.S. Department of Justice filed consent decree of permanent injunction against Johnson & Johnson subsidiary McNeil-PPC, banning the company from manufacturing and distributing drugs from its Fort Washington, Pa., facility until the FDA determines that its operations are compliant with the law. The decree also requires McNeil […]
The possibility that Puerto Rico could be selected as the location for a Trump-branded, five-star resort is not so far-fetched. However, it will depend on lining up the right conditions — starting with an improvement in the economy.
Public and private school students of all levels will have a greater chance of joining robotics competitions next school year as a result of a $100,000 sponsorship the Puerto Rico Industrial Development Corp. will grant the Puerto Rico Institute of Robotics, the agency announced Thursday.
iPad2 comes with the option of purchasing iPad 2 Smart covers in a range of colors AT&T customers on the island will be able to pre-order the iPad 2 during tomorrow’s official product launch, local company officials confirmed Thursday. The next-generation version of the trailblazing tablet will go on sale across the U.S. mainland Friday, […]
The Puerto Rico Manufacturers Association reiterated Wednesday its desire to collaborate with the government and the rest of the private sector to develop and promote measures that stimulate job creation, contribute to Puerto Rico’s economic development and increase worker productivity.
U.S. Customs and Border Patrol has approved the start of direct flights between Puerto Rico's Luis Muñoz Marín International Airport and Cuba, local Ports Authority officials said Tuesday.
In less than two months, Gov. Luis Fortuño's administration has received positive news from three stateside credit agencies monitoring the island’s fiscal and economic health.
Puerto Rico is among the world’s 50 most competitive travel and tourism destinations, as ranked by the World Economic Forum’s Centre for Global Competitiveness and Performance. In the report released Monday, Puerto Rico grabbed the 45th position among 139 global destinations, moving up eight notches since the study was last released in 2009. The island […]
Palmas de Lucía’s energy efficient air conditioning systems. A handful of small local hotels are getting more than $420,000 in federal funds to adopt technology to harness green energy sources for their operations, and in the process, save a combined $45,000 a year on their bills. The hotels and inns that are developing such energy […]
The island’s allure for the glamour and glitz of Hollywood got a new boost Friday when Gov. Luis Fortuño — accompanied by performers Marc Anthony and Jennifer López — signed the new Puerto Rico Film Industry Economic Incentives Law that grants a slew of benefits to movie producers.
Nearly a year after Puerto Rico’s banking sector experienced a meltdown of historic proportions with the closing of three financial institutions, Financial Institutions Commissioner Alfredo Padilla said Friday that 2011 should be a “turnaround year” for the industry.
The Dominican Republic’s powerful Grupo Corripio this week inaugurated a new $20 million Gatorade bottling plant that will supply the beverage to the rest of the Caribbean, including Puerto Rico. The new operation is the result of an agreement between Grupo Corripio and PepsiAmericas, which for the past five years had produced its Gatorade energy […]
By month's end, the government's two banks will see a turnover at the helm.
New York-based National Public Finance Guarantee Corp. on Wednesday gave props to the government’s progress in successfully addressing Puerto Rico’s “structurally unbalanced fiscal environment.”
Puerto Rico’s $30.1 million pawn industry will have to abide by a new law that went into effect this week, which among other stipulations, requires companies to be licensed to purchase metals and precious stones.
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