Data Research Corp. sues Universal Service Administrative Co. for $105M
May 10, 2024
The heart of the dispute traces back to services DRC provided in FY 2001 under the E-Rate program. #NewsismyBusiness
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IKEA opens $37M distribution warehouse in Bayamón
May 9, 2024
The warehouse is designed to offer several services to make the IKEA shopping experience easier, the retailer said. #NewsismyBusiness
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Chef Treviño to open new eatery in Old San Juan inspired by former hotspot
May 7, 2024
Dragon by Treviño, a Latin fusion restaurant inspired by the once iconic Dragonfly on La Fortaleza Street, will open in December. #NewsismyBusiness
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Puerto Rico’s shopping centers see 5% Y-O-Y sales increase in 2023
May 3, 2024
Several local malls are slated to welcome new tenants, which call for redevelopments and redesigns to accommodate new services and trends. #NewsismyBusiness
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El Conquistador faces breach of contract lawsuit from USVI provider
May 1, 2024
Cruz Bay Watersports is seeking some $108,000 in overdue payments. #NewsismyBusiness
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Wild Encantos sues Caribbean Retail Ventures over plush toy knockoffs
April 30, 2024
Wild Encantos is seeking more than $3 million in damages. #NewsismyBusiness
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Puerto Rico Horse Owners Assoc. sues over Camarero racetrack conditions
April 30, 2024
It is seeking $500,000 in damages, attorney’s fees, and costs against the defendants. #NewsismyBusiness
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Film producer sues gov’t over documents certifying $1.7M tax credit
April 30, 2024
The company received a $1.7 million tax credit for the film produced entirely in Puerto Rico. #NewsismyBusiness
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Recently opened Hilton Garden Inn in Condado exceeds occupancy goals
April 29, 2024
The 240-room hotel occupies of the two towers that were once part of the Condado Plaza, which is now split into two franchises of the Hilton brand. #NewsismyBusiness
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Puerto Rico transportation co.’s get $6.6M to reduce air pollution at ports
April 26, 2024
The local assignment is part of a global $148 million in grants to 11 states and Puerto Rico. #NewsismyBusiness
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Puerto Rico ‘outpacing, outperforming’ Banesco USA’s mainland business
April 25, 2024
Banesco USA named Maritza Abadía as the island’s only woman president of a local bank. #NewsismyBusiness
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First BanCorp. reports $73.5M in Q1 net income
April 24, 2024
The financial institution plans to continue investing in technology to improve customer-facing services as well as internal processes. #NewsismyBusiness
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Puerto Rico’s 1st dual-branded hotel concept breaks ground in San Juan
April 12, 2024
The $77 million project that will bring together Hilton International’s Hampton and Homewood Suites brands under one roof. #NewsismyBusiness
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Puerto Rico’s new car sales remain virtually flat in March
April 10, 2024
The first quarter of 2024 reached accrued sales of 29,336 units. #NewsismyBusiness
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Puerto Rico Telecom Bureau sues Solix for $1M over post-contract payments
April 8, 2024
The collections lawsuit stems from an April 2021 audit by the Puerto Rico Comptroller’s Office of the agency’s compliance with its fiscal operations. #NewsismyBusiness
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