Baxter’s PR operations get FDA warning letter
January 27, 2011
The operations of yet another local pharmaceutical company are in the Food & Drug Administration’s cross-hairs, receiving a warning letter from the agency over violations to good manufacturing practice requirements, the Wall Street Journal reported Thursday. As of late afternoon, the FDA had yet to post copies of the warning letter it sent to Baxter […]
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Copa expands seating capacity in ‘11
January 27, 2011
Copa Airlines is starting the year by expanding its seating capacity on its two daily flights between San Juan and its hub in Panama , from where it offers dozens of connections to Central and Latin America, Héctor Busquets, general manager for the local operation, said Thursday.
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Triple-S to acquire American Health Inc. for $82M in cash
January 25, 2011
Putting an end to what seemed to be a pretty open secret, Triple-S Management Corp. on Tuesday announced that its subsidiary Triple-S Salud Inc. will purchase American Health Inc.’s parent company, for some $82 million in cash.
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Analysts: Closing of PR McNeil plant could represent billions in losses for parent J&J
January 25, 2011
Stateside pharmaceutical industry analysts placed their bets this week on whether Johnson & Johnson officials will decide to temporarily shut down the McNeil production plant in Las Piedras to correct manufacturing problems that have led to a string of major recalls in the last year.
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Air Turks & Caicos to launch daily flights
January 24, 2011
Regional travel choices between Puerto Rico and neighboring Caribbean islands continue to expand, with the upcoming start of service by Air Turks and Caicos between San Juan and Puerto Plata, Dominican Republic. Company officials made the announcement in the Dominican Republic, unveiling plans to launch daily flights between the two islands starting April 15, contingent […]
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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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