South American countries support livestock cloning
March 22, 2011
Three Latin American countries — Argentina, Brazil and Paraguay — are among five nations that recently threw their support behind livestock cloning as one of many agricultural technologies that can help meet the world’s growing demand for sustainable food production.
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Morton’s The Steakhouse parent mulling possible sale of chain, including local eatery
March 21, 2011
Morton’s The Steakhouse in San Juan Chicago-based Morton’s Restaurant Group Inc., parent company of Morton’s The Steakhouse, an upscale eatery that has called the Caribe Hilton hotel its home for the past decade, may be seeking a buyer. The restaurant operator announced last week it is exploring “strategic options,” for its 77 steakhouse restaurant chain […]
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FirstBank wins $83.1M Coral Gables foreclosure case
March 21, 2011
FirstBank Puerto Rico recently won a foreclosure case worth $83.1 million related to an upscale residential development project located at the heart of Coral Gables, the South Florida Business Journal reported.
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Significant transactions that changed Puerto Rico’s wireless landscape in the last decade
March 21, 2011
October 2004 — The former Cingular Wireless, a joint venture of SBC Communications and BellSouth, completed a $41 billion merger with AT&T Wireless Services Inc., formerly part of AT&T Corp. But the changes did not stop there. In December 2006, Cingular became wholly owned by the new AT&T as a result of the latter’s acquisition […]
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AT&T to buy T-Mobile for $39B, deal includes P.R. market
March 20, 2011
Wireless telecom giant AT&T disclosed plans Sunday to acquire competitor T-Mobile USA for a cash and stock transaction worth $39 billion from its parent, Deutsche Telekom. In Puerto Rico, the deal would represent the marriage of the number one and number three wirele ss carriers, the reduction of the number of players to four, and […]
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P.R.’s Internet population grows 8% in past year to 1.2M; up 15% in Latin America
March 19, 2011
The number of people age 15 and older accessing the Internet in Puerto Rico grew about 8 percent year-over-year to about 1.2 million, according to the results of a study conducted by comScore Inc., a leader in measuring the digital world. Despite the modest growth result for the island, the positive performance evidences a growing […]
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Plaza Carolina in line for a facelift
March 17, 2011
Plaza Carolina, the island’s second-largest shopping center, will be getting a facelift starting this Spring when an undisclosed amount will be pumped into sprucing up the retail complex, owner Simon Property Group Inc. said Thursday.
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Walmart de Puerto Rico launches renewable energy initiative
March 17, 2011
Nearly two years after announcing plans to harness solar power to cut down on its energy consumption, Walmart de Puerto Rico unveiled the first of several rooftop solar systems it plans to install throughout its local stores, in conjunction with Sun Edison LLC.
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Corolla reports 20% February sales growth
March 15, 2011
Toyota vehicle sales on the island were brisk last month, when the company reportedly moved 2,081 units, or 20 percent more when compared to February 2010 sales, company officials said Monday.
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Guayacán opens application process for advanced workshop program
March 14, 2011
Venture capital fund Grupo Guayacán Inc. announced Monday the second edition of the Guayacán Venture Accelerator program, offering 10 local companies the opportunity to explore ways to grow their operations through an advanced course of study.
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OCIF to create Financial Education Institute; embarks on weeklong orientation tour
March 14, 2011
OCIF Chief Alfredo Padilla offers details on new Institute, as education division director Velia Cardona looks on. Financial Institutions Commissioner Alfredo Padilla announced Monday the creation of the Financial Education Institute, whose main goal is to offer financial education to island residents. The Institute will operate two areas: a Research and Analysis Center, equipped with […]
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P.R. J&J plant included in federal action, spared from closing
March 10, 2011
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 […]
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Trump plans for P.R. remain solid, could include future hotel development
March 10, 2011
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.
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Pridco grants $100K to robotics institute
March 10, 2011
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.
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AT&T Puerto Rico to sell iPad 2 parallel with U.S. launch
March 10, 2011
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, […]
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