Nearly a year after Ferries del Caribe suspended its passenger service between Puerto Rico and the Dominican Republic, a new company — America Cruise Ferries — is slated to announce the rebirth of the route.
Two new flights from Aguadilla’s Rafael Hernández Airport to Madrid and Barcelona, Spain are slated to begin March 31, Puerto Rico government officials announced Wednesday.
The Federal Communications Commission has given cable television provider OneLink Communcations the go-ahead to begin scrambling the signal of its basic-service tier, paving the way for the company to overhaul its San Juan metropolitan area system. As News is my Business reported exclusively in November, Onelink submitted a petition to the FCC, asking for a […]
The year 2010 witnessed the struggle by 850 commercial establishments that sought protection from the U.S. Bankruptcy Court, either to reorganize or liquidate their operations, local research firm Boletín de Puerto Rico revealed Tuesday. In total, the year wrapped up with a 10 percent increase in overall bankruptcy filings, in comparison to 2009.
Nearly 15 days after Law 154 — imposing an excise tax on sales by local subsidiaries to their foreign parent companies — went into effect, members of the Puerto Rico Manufacturers Association got a chance Friday state for the Legislative record their opposition to the measure.
Puerto Rico is gearing up to welcome more than 1,200 travel agents from 120 countries who will participate in the American Society of Travel Agents' annual convention, slated for April 14-17.
For the second time in the last four months, pharmaceutical Bristol-Myers Squibb is announcing a major recall of its Avalide blood pressure tablets distributed on the U.S. mainland and Puerto Rico. On Thursday, the company announced it will be collecting 64 million tablets due to the potential for reduced effectiveness, Reuters reported. The medication was […]
First BanCorp announced Thursday — at the request of the New York Stock Exchange — that it is not aware of any developments that would account for the market activity in the corporation's common stock today.
St. Croix-based Seaborne Airlines on Thursday marked the start of its new daily schedule of flights between the Luis Muñoz Marín International Airport in Carolina and the islands of St. Croix, St. Thomas and Vieques, in pursuit of business and leisure travelers in the region.
Cement sales on the island continued their downward spiral during the last quarter of 2010, dropping close to 8 percent, but remained nearly flat year-over-year.
Amarilys Crespo and Juan Abbiati, of American Express and GilbertoTejera, of Delta Air Lines. American Express is moving forward with its expansion plans on the island this year. However, its strategy calls for doing it conservatively. In keeping with that, on Tuesday, the credit card issuer and Delta Air Lines announced the introduction of the […]
Washington D.C.-based The Daily Caller on Tuesday zeroed in on the recently passed 4 percent tax on foreign corporations, saying it is has the makings of an "indirect bailout," as Fortuño administration officials seek to have the IRS allow affected companies to write off the new collective $6 billion business expense as a tax credit.
The Agriculture Department announced Monday that effective Jan. 20, the price of fresh milk will increase by 10 cents a quart, meaning that consumers will pay as much as 40 cents more at the register. Agriculture Secretary Javier Rivera Aquino made the announcement made after a lengthy hearing at the U.S. District Court in San […]
Canadian firm Western Wind Energy Corp. has set its eye on Puerto Rico, with the planned development of a $120 million, 30 megawatt solar energy project in Yabucoa.
First BanCorp, parent company of First Bank, announced Wednesday that, effective Jan. 7, it will implement a 1-for-15 reverse stock split of all outstanding shares of its common stock as it pulls at its options to remain listed on the New York Stock Exchange.
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