Boricua Broadcasting files for Ch. 7 liquidation
February 15, 2013
Boricua JE Broadcasting Corp., the company that until last year managed the programming of the 740 AM station formerly known as “Boricua 740,” filed for Chapter 7 liquidation at the U.S. Bankruptcy court in San Juan this week.
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Puerto Rico Supplies buys produce distributor’s assets
February 14, 2013
Puerto Rico Supplies Group announced Wednesday its recent acquisition of part of the assets of fruits and vegetables packer and distributor Central Produce El Jibarito Inc., adding 133 jobs to its operation. The terms of the transactions were undisclosed.
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Customs inspects millions of Valentine’s Day flowers
February 13, 2013
A day ahead of Valentine’s Day, when millions will express their love and appreciation for one another with flowers, the U.S. Customs and Border Patrol detailed how it has been keeping busy inspecting shipments of imported cut flowers to prevent the spread of insects or pests that may damage national and local agriculture.
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Cannes Lions festival to have ‘boricua’ influence this year
February 11, 2013
A Puerto Rican advertising veteran will be traveling to the International Cannes Lions festival this summer to participate for the first time as judge in the 60th edition of the global competition, where local talent has already walked away with top honors.
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Hill Construction files for Ch.11, lists $13.5M in debt
February 1, 2013
Hill Construction Corp., a construction development pioneer that has been doing business in Puerto Rico for almost 40 years, filed for Ch. 11 bankruptcy protection earlier this week, listing more than $13.5 million in accrued debt.
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AGP urges construction sector to join job creation effort
January 31, 2013
Recognizing that the construction sector has been going through a prolonged rough patch, Gov. Alejandro García-Padilla told members of the Association of General Contractors, Puerto Rico chapter Wednesday that his administration’s plans call for their inclusion in a number of projects in the pipeline.
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Puerto Rico lottery tickets now sold at vending machines
January 30, 2013
Puerto Rico lottery players now have a new option through which to buy their tickets: brightly colored, free-standing, self-service ticket vending machines recently installed at several big box retailers in the San Juan metropolitan area. Lottery officials are betting the machines could generate close to an extra $1 million a year in gaming sales, this media outlet learned Tuesday.
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Salus in Puerto Rico joins Mayo Clinic Care Network
January 24, 2013
Salus, an ambulatory health care medical and dental provider in the San Juan metropolitan area, has become the first member of the Mayo Clinic Care Network in Puerto Rico and the Caribbean, officials from both medical institutions announced earlier today.
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WAPA TV becomes part of $400M conglomerate
January 24, 2013
InterMedia Partners VII, L.P. and Azteca Acquisition Corp. announced Thursday the signing of a definitive agreement under which InterMedia will merge Cine Latino, Inc. and InterMedia Español Holdings, LLC — which includes WAPA America and WAPA TV — with Azteca Acquisition Corporation in a transaction valued at approximately $400 million.
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San Lorenzo’s Bluewater Defense lands $103M Army contract
January 24, 2013
Bluewater Defense Inc., based in San Lorenzo, was recently awarded a contract for an unspecified number of Army combat uniform trousers for which it could make as much as $103.6 million by the Jan. 17, 2014 fulfillment date, the U.S. Department of Defense announced.
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Economists: Bleak prospects must spur construction sector creativity
January 22, 2013
The challenges that Puerto Rico’s construction sector is facing, driven primarily by fiscal constraints and volatility in certain markets, will remain a constant in the next two years, when the industry will have to be creative to move forward, a well-known economist said during a recent forum.
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P.R. companies lag behind rest of LatAm in social media use
January 22, 2013
Puerto Rican companies are still lagging well behind countries throughout Latin America in terms of fully incorporating social media platforms — Facebook, Twitter, YouTube, blogs and Google Plus — into their ongoing communications strategies, Burson-Marsteller’s “Latin America Social Media Check-up 2013” revealed.
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Gossip TV personality Santarrosa walks off ‘SuperXclusivo’
January 8, 2013
Less than five weeks after being the target of an unprecedented boycott from a segment of Puerto Rico residents and advertisers, Antulio “Kobbo” Santarrosa the man behind the “La Comay” gossip puppet, allegedly walked off the show and the WAPA (Ch. 4) station late Tuesday.
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Visa reports 21% 4Q12 volume growth in LatAm, Caribbean
January 4, 2013
Visa Inc. announced it reached $93 billion in total payments volume for the period ended on September 30, 2012, compared to $89 billion reported last fiscal year during the same period in the Caribbean and Latin American region, resulting from the sustained growth of debit and credit products in the region, particularly in countries such as Argentina, Brazil, Chile, Colombia, Mexico and Peru.
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Marina Puerto del Rey files for Ch. 11 with $44.3M in debt
January 3, 2013
Puerto del Rey, the largest marina in the Caribbean located in Fajardo, filed for Chapter 11 bankruptcy protection late last week, listing $44.3 million in debt.
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