P.R. bankruptcies up 8.14% in Aug., fueled by Ch. 7 cases
September 6, 2016
The number of bankruptcy cases filed in Puerto Rico was up 8.14 percent year-over-year in August, when 929 cases were filed.
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Liberty goes solar at Luquillo HQs, installs 2,444 panels
August 30, 2016
Oak Leaf Solar X LLC, a Yarotek entity, has installed 2,444 solar panels at Liberty Puerto Rico’s facility in Luquillo, making the provider’s operations more sustainable and “reaffirming the companies’ respective commitments to Puerto Rico and the environment,” the company announced Monday.
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P3 consulting group opens office in Guaynabo
August 26, 2016
New Jersey-based P3 Group, an international consulting, management and engineering services company, announced Thursday the opening of a new office in Puerto Rico to serve the growing device testing, performance assessment and network optimization needs of U.S. and global wireless carriers, device manufacturers and infrastructure providers.
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AT&T to connect Cuba; upgrades network in St. Thomas
August 23, 2016
AT&T announced Monday it has reached agreements for Cuba roaming and direct interconnection with Empresa De Telecomunicaciones De Cuba, to begin at a date yet to be determined.
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Economists to discuss PROMESA’s impact at conference
August 22, 2016
The Puerto Rico Economists Association wiil address the impact of the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) and present, through successful cases, the recipe to achieve economic revitalization during its upcoming annual conference, the organization announced.
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Moody’s issues FAQ report for investors on PROMESA
August 12, 2016
In a new report released Thursday, Moody’s Investors Service addressed investor questions regarding the implications of the recently enacted Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) on the U.S. municipal bond market.
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Fortinet holds cybersecurity summit as threats escalate
August 12, 2016
Local technology experts across public and private sectors are facing increasingly more complex cyberthreats as well as a higher number of cyberattacks, which make for challenging times as these types of attacks can have great impact in any organization’s bottom line.
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P.R. economic activity slides 1.8% YOY in June
August 9, 2016
Puerto Rico’s economic activity index held up its downward spiral in June, when it reflected a reduction of 1.8 percent compared to June 2015, and a 0.2 percent reduction compared to May 2016, the Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA) announced Monday.
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July ’16 bankruptcies drop 4.4% YOY in Puerto Rico
August 2, 2016
Puerto Rico’s bankruptcy levels showed a 4.4 percent drop last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help totaled 818 cases, preliminary data released Monday by research firm Boletín de Puerto Rico showed.
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EVERTEC reports $97.7M in 2Q16 revenue
July 29, 2016
EVERTEC Inc. announced results for its second quarter ended June 30, 2016 Thursday, reporting a 5 percent growth in revenue to $97.7 million, compared with $93.4 million in the prior year.
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Brookings panel explores PROMESA’s implications
July 13, 2016
WASHINGTON — A four-member panel convened here Tuesday to discuss the long-term lessons of Puerto Rico’s debt crisis for other jurisdictions in financial trouble.
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Smartphone-addicted moms face child-rearing issues
July 13, 2016
The mobile phone has become an indispensable tool that today’s mothers use to stay connected to the world.
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P.R. bankruptcies remain flat in June, up 5% so far in ’16
July 5, 2016
Puerto Rico’s bankruptcy levels remained flat last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help was up by two cases when compared to the same month in 2015.
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AT&T invested $100M in network upgrades in P.R. in ’15
July 1, 2016
Wireless carrier AT&T made 460 wireless network upgrades in Puerto Rico, added four new cell sites, and completed more than 450 network capacity enhancements last year, when it invested some $100 million in its infrastructure, the company said Thursday.
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P.R. Telephone Co., parent co. to pay $1.1M FCC fine
June 29, 2016
The Federal Communications Commission announced today that Puerto Rico Telephone Company and its parent company, América Móvil of Mexico, will pay $1.1 million to resolve an investigation by the FCC’s Enforcement Bureau.
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