Microsoft releases Office 365 software suite
January 30, 2013
Microsoft Corp. unveiled Tuesday its new Office 365 software suite, a reinvention of the company’s flagship Office product line for consumers. Office 365 is a subscription-based service that resides in the cloud accessible from anywhere and that works across up to five devices, including Windows tablets, PCs and Macs.
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Restaurant operator IRSI adding 2 more eateries to chain
January 30, 2013
International Restaurant Services Inc. will be expanding its presence in Puerto Rico this year with the addition of two new restaurants — a Chili’s Grill & Bar in Bayamón and a P.F. Chang’s in Ponce — pushing the number of establishments in its chain to 30, company officials said Tuesday.
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CARICOM envoys vow to take rum complaints to WTO
January 29, 2013
WASHINGTON — Diplomats representing the 15-member Caribbean Community have begun a public lobbying campaign against the use of federal excise-tax rebates by Puerto Rico and the U.S. Virgin Islands to subsidize rum production.
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NY Fed to host forum for Puerto Rico small biz owners
January 29, 2013
As part of its commitment to small businesses in the Second District, the Federal Reserve Bank of New York will cosponsor a three-part series aimed at educating and supporting the small business community in Puerto Rico.
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Sprint expands 4G LTE to 4 more towns, enhances 3G
January 28, 2013
Sprint announced today it has improved 3G service in Puerto Rico and also expanded 4G LTE service to more customers – launching its faster data network in Aguadilla, Isabela, Cabo Rojo and Mayagüez.
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Justice Dept. joins FTC’s ‘pay-for-delay’ antitrust complaint
January 28, 2013
The Puerto Rico Justice Department has joined 19 other U.S. jurisdictions in an antitrust case filed by the Federal Trade Commission aimed at fighting monopolistic practices within the pharmaceutical industry that reportedly cost consumers about $3.5 billion per year in the form of higher drug prices.
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Crowley modifies fee, sparing consumers from potential ‘domino effect’ on cost of goods
January 28, 2013
Following a series of meetings with private trade groups, customers and government officials, maritime shipping company Crowley Puerto Rico Inc. agreed to modify and push back the implementation of a new “Chassis Usage Charge” that could have potentially meant an increase in prices for consumer goods transported to the island.
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Popular Inc. reports $83.9M in 4Q net income
January 25, 2013
Popular Inc. reported net income of $83.9 million for the quarter ended Dec. 31, 2012, nearly twice the $47.2 million in net income reported for the prior quarter ended Sept. 30, 2012.
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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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American Academy appoints new headmistress
January 24, 2013
Seeking to “enhance and strengthen” its professional staff, Gurabo’s American Academy recently appointed Carmen Ana Pérez as the new headmistress of the institution, school CEO Juan C. Consuegra announced.
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VIG Mortgage pumps $200K into Puerto Rico, U.S. expansion
January 23, 2013
VIG Mortgage will expand its business footprint on and beyond the Puerto Rican territory this year, investing some $200,000 to open a branch in Orlando and two more on the island, company officials said Tuesday.
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Red Lobster, Olive Garden, Longhorn to create 2K jobs
January 23, 2013
The arrival of Red Lobster, Olive Garden and more Longhorn Steakhouse eateries to Puerto Rican shores will represent the creation of some 2,000 new jobs and investments of about $36 million by 2017.
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Best Western expanding Caribbean footprint
January 23, 2013
Best Western International plans to strengthen its North American and Caribbean reach with nearly 120 properties to either be constructed or converted this year, company officials said Tuesday. More than 80 percent of these hotels expected to fly the Best Western Premier or Best Western Plus flags.
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