Some 18,000 local homeowners faced foreclosure last year
febrero 1, 2011
Some 18,000 homeowners in Puerto Rico were facing the possibility of losing their homes to their mortgage bank as of November 2010, the Financial Institutions Commissioner’s office (OCIF, as it is known by its initials in Spanish) said Tuesday.
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PRT extends ‘Claro’ brand to all of its consumer services
enero 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
enero 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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FCC gives OneLink go-ahead to upgrade network
enero 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
enero 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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Cement sales drop in Dec. ’10, remain flat year-over-year
enero 12, 2011
Cement sales on the island continued their downward spiral during the last quarter of 2010, dropping close to 8 percent, but remained nearly flat year-over-year.
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AT&T announces plans to combine technologies to deploy 4G
enero 5, 2011
HTC Inspire 4G Using the Consumer Electronics Show as its backdrop, AT&T announced the deployment of 4G speeds using both HSPA+ and LTE technologies to deliver faster services. Company officials announced plans Wednesday to accelerate its LTE network build, to be largely complete by late 2013. The carrier also plans to begin its launch of […]
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CPI shows slight drops in key segments
enero 5, 2011
The Consumer Price Index showed a drop of 0.1 percent in November, in comparison to the same month last year, according to information released Wednesday by the Puerto Rico Statistics Institute.
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P.R. area codes still underutilized
enero 5, 2011
Nearly a decade after the island was assigned a second area code — over concerns that telephone numbers available under the “787” code were running out — it turns out that both area codes are still being underutilized.
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PRT to save millions in operational costs due to FCC decision
diciembre 29, 2010
Puerto Rico Telephone recently scored a regulatory victory that will produce millions in operational savings, as a result of a Federal Communications Commission decision regarding the way the carrier offers long distance services. In an extensive decision released about a week ago, the FCC granted PRT’s request to allow it to provide long distance services […]
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Android handset sales expected to grow in ’11
27 de diciembre de 2010
The sale and popularity of smartphones running on the Android operating system is expected to explode in 2011, driven by better networks and improved — and cheaper — handsets, industry experts are predicting. The growth is already evidenced in numbers, as according to research firm IDC, Android-based phones sales have spiked 55 percent year-over-year, since […]
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Housing incentives move market
27 de diciembre de 2010
In the first three months since the launching of a government program to boost housing sales, some 10,640 units have been sold, representing more than $1.4 billion in economic activity, Housing Financing Authority officials said over the weekend.
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10 telecom bills pending at the House
diciembre 21, 2010
The House of Representatives has submitted or reviewed 10 bills this year proposing changes to existing laws related to the telecommunications sector, none of which have been approved. Among the measures is House Bill 2489, filed in February, to authorize the Telecommunications Regulatory Board to regulate the terms and conditions stipulated in data service contracts […]
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Guayacán Group, Univ. of Texas join to boost technology commercialization
diciembre 20, 2010
Local venture capital group Guayacán Group Inc. is throwing its support behind technology transfer and furthering the commercialization of innovation or discoveries through a partnership with the University of Texas, Austin. As part of that effort, Guayacán will host a series of workshops on Jan. 13-14 with the Univ. of Texas Austin’s IC2 Institute open […]
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Bankruptcy cases up 10% through November; debt exceeds $2.2B
diciembre 20, 2010
The number of bankruptcy cases filed on the island during the first 11 months of 2010 represented at 10 percent year-over-year increase, according to data released Monday by local research firm Boletín de Puerto Rico.
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