PRT extends ‘Claro’ brand to all of its consumer services
January 24, 2011
The familiar Puerto Rico Telephone and DMAX brands — through which PRT offered its telephone and Internet services, respectively — are being phased out on the consumer level, to be unified under the the ‘Claro’ name, the carrier announced Monday. The move comes four years after Mexican telecommunications giant América Móvil, whose flagship brand throughout […]
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PR unemployment averages 16.1% in ’10, highest since 1993
January 21, 2011
Puerto Rico’s out-of-work force averaged 16.1 percent during calendar year 2010, representing the highest rate since 1993, when the average was 17 percent, the Department of Labor and Human Resources informed Friday.
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Lawmakers submit bill to require display of nutritional info
January 21, 2011
(Credit: Wikipedia Commons) While the local Legislature is pursuing a bill requiring restaurant chains with five or more locations on the island to publicly display the nutritional value of the meals they sell, the Food and Drug Administration on Friday postponed a similar menu labeling requirement it was looking to impose on stateside eateries. The […]
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PR selected as ‘most complete’ Caribbean tourism destination
January 20, 2011
The readers of tourism industry trade publication Caribbean Travel & Life Magazine recently voted Puerto Rico as the “Caribbean’s most complete destination,” favoring it over Jamaica and St. John’s in the U.S. Virgin Islands to take the coveted distinction. The achievement resulted from teamwork, Puerto Rico Hotel and Tourism Association President Clarisa Jiménez said Thursday. […]
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‘Maritime bridge’ between PR-DR to reopen next month
January 20, 2011
Nearly a year after service was suspended, ferry connections between Puerto Rico and the Dominican Republic will restart on March 16 under new operator America Cruise Ferries, which will invest some $65 million to revive the route.
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Fitch assigns ‘BBB+’ rating to govt’s outstanding GO bonds
January 20, 2011
The GDB is analyzing the possibility of selling GO bonds this year.(Credit: Víctor Román) New York-based Fitch Ratings has assigned a “BBB+” rating to the Commonwealth’s outstanding $9.2 billion general obligation (GO) bonds, saying the outlook is stable. However, the long-term rating remains in Fitch’s lower medium grade classification, for a number of reasons. Its […]
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New company to launch PR-DR ferry route
January 19, 2011
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.
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New routes slated for Aguadilla airport
January 19, 2011
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.
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FCC gives OneLink go-ahead to upgrade network
January 19, 2011
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 […]
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850 local companies file for bankruptcy in ’10
January 18, 2011
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.
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PRMA expresses opposition to Law 154; CNE weighs in
January 14, 2011
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.
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Travel agent convention to draw 1,200 participants
January 14, 2011
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.
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Bristol recalls Avalide produced in Humacao
January 13, 2011
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 […]
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First BanCorp ‘unaware’ of developments affecting stock
January 13, 2011
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.
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Seaborne Airlines inaugurates service at LMM
January 13, 2011
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.
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