Five months after breaking off talks to buy rival mall operator Taubman Centers, Simon Property Group Inc. announced that the two have reached a definitive agreement to move ahead with the merger, after modifying certain terms of the agreement. The parties agreed to reduce the merger price to $43 per share in cash — down […]
Vota Inc., which runs the Casa Mofongo Xpress restaurants, is suing the owners of the Las Catalinas Mall in Caguas for $1 million over losses related to the closure of the shopping center during the COVID-19 pandemic and other claims included in a lawsuit filed at the U.S. District Court for Puerto Rico. In its […]
The Subway restaurant chain in Puerto Rico has begun expanding its concept with the addition of the first of nine co-branded concept stores that incorporate partners Acai Express, Mama DeLuca’s, and Red Mango, company executives confirmed. The first 2,400 square-foot megastore opened about a month ago in Arecibo, following a $1 million investment, said Rosa […]
The Federal Emergency Management Agency has assigned nearly $5.7 million to the Puerto Rico Fire Department as part of the recovery efforts on the island after Hurricane María, the federal agency announced. The funds include projects to replace fire trucks as well as for the repair of facilities that provide response services related to all […]
The Luis Muñoz Marín International Airport has invested about $1 million since the start of the COVID-19 pandemic in mid-March to develop and implement health practices and protocols that have now landed it the Airport Health Accreditation from Airports Council International. The 12-month accreditation is granted in recognition of the prevention plan that the airport’s […]
The Kauffman Foundation’s “Global Entrepreneurship Week” will be celebrated globally Nov. 16-22 and this year will include local nonprofits that will co-host the event in Puerto Rico, organizers confirmed. Colmena66, a program of the Puerto Rico Science, Technology and Research Trust, Grupo Guayacán and YEES! are leading local efforts, holding bi-weekly multi-sector meetings over the […]
Now that the 2020 elections are over and the votes are more or less counted, tabulated and assigned, it’s back to the humdrum of pandemic routines and lingering at home to keep a prudent social distance. With practically more than half of the world off limits for travel, entertainment and sometimes even our workspaces, virtuality […]
Eight months after shutting down its maritime connection between Puerto Rico and the Dominican Republic due to the COVID-19 pandemic, Ferries del Caribe announced it resumed passenger service between both islands over the weekend. “We’re more than ready to resume passenger travel, after obtaining the endorsement of the Puerto Rico Department of Health, the Centers […]
Following an intense evaluation process, healthcare technology company Abartys Health has been selected by Google as part of the winter 2020 edition of its accelerator program for growth-stage technology startups. This is the first time a company from Puerto Rico has been chosen to participate. Some 500 companies from throughout Latin America were considered for […]
HMS Ferries Inc., a subsidiary of the Hornblower Group, and the Puerto Rico Maritime Transportation Authority (MTA), announced the start of the transition process for the operation and maintenance of the island’s maritime transportation systems. The system includes service between Cataño and San Juan and between Ceiba, and the island municipalities of Vieques and Culebra […]
Destilería Serrallés Inc. announced the completion of donations to 37 nonprofits that participated in the call that Fundación Serrallés opened to offer essential services to victims of the earthquakes and earthquakes that have hit Puerto Rico’s south-southwestern regions since Jan. 7, 2020. The funds are part of the $1 million corporate contribution that the company […]
A few days after closing its $1.95 billion all-cash acquisition of AT&T Puerto Rico’s local and U.S. Virgin Islands assets, Liberty Latin America is “raring to go” on building upon what the new assets will bring to local subsidiary Liberty Puerto Rico. In a conference call to discuss its third quarter results, Liberty Latin America CEO […]
Two years after launching its search for a company to take over the operation of the ferry system connecting Puerto Rico with Vieques and Culebra, as well as San Juan and Cataño, the government’s Public-Private Partnership Authority announced it has chosen HMS Ferries to take over the responsibility, through a 23-year agreement. Aside from managing […]
The process to apply and be a part of the United Retailers Association’s (CUD, in Spanish) Business Internship has already begun with the support of the Department of Economic Development and Commerce (DDEC). CUD President Jesús Vázquez, along with DDEC Secretary Manuel A. Laboy, invited youth to participate in the initiative open to people between […]
The Food Bank of Puerto Rico is urging the community to contribute to its Thanksgiving “Collection with Gratitude” (“Recogido de Gratitud”) campaign to provide food and essential items to people in need. The food supply chain works through donations and volunteers that provide goods to more than 162 churches and institutions. At the same time, […]
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