US DOL sues Sabana Grande farmer over unpaid minimum wage
December 4, 2012
The U.S. Department of Labor has filed a lawsuit against agricultural employers José V. Fabre Laboy, doing business as Bananera Fabre, and his son, José V. Fabre Santiago, doing business as Finca La Plata, for failing to pay their workers the minimum wage as required by the Fair Labor Standards Act.
chat_bubble0 Comment
visibility3147 Views
AT&T adds 3 more towns to 4G LTE footprint
December 4, 2012
AT&T de Puerto Rico Rico has turned on its 4G Long-Term Evolution network in the Yauco, Guayama and the San Germán-Cabo Rojo, adding 26 new towns to its service footprint outside the San Juan metropolitan area, the company announced Monday.
chat_bubble0 Comment
visibility3075 Views
Puerto Rico gets $10.5M from U.S. charities in ’07-’09
December 4, 2012
U.S. foundations awarded 263 grants totaling $10.5 million between 2007 and 2009 to recipient organizations in Puerto Rico. But despite the island’s higher poverty rate, stateside foundations gave proportionally less to the territory compared to some states with a similar number of Latinos, according to the “Foundation Funding for Hispanics/Latinos in the U.S. and for Latin America,” study conducted by Hispanics in Philanthropy.
chat_bubble0 Comment
visibility3858 Views
Petco opens 1st Puerto Rico store in Río Piedras
December 4, 2012
San Diego, CA-based pet specialty retailer Petco quietly opened its first store in Puerto Rico Monday in Río Piedras, setting up shop in a 11,000 square-foot space that houses a full line of grooming services and dog training as well as a watersports department.
chat_bubble0 Comment
visibility4658 Views
Happy Products donates 13K cereal boxes to local nonprofits
December 4, 2012
Because breakfast is the most important meal of the day, food distributor Happy Products this week loaded up three trucks with more than 13,000 boxes of cereal to be donated to several nonprofits in Puerto Rico.
chat_bubble0 Comment
visibility2742 Views
Banking regulators OK Oriental’s BBVA Puerto Rico buyout
December 3, 2012
Oriental Financial Group Inc. announced today it has received all regulatory approvals necessary to close its previously announced $500 million acquisition of Banco Bilbao Vizcaya Argentaria, S.A.’s Puerto Rico operations.
chat_bubble1 Comment
visibility4336 Views
Puerto Rico needs to ‘refocus to find economic growth’
December 3, 2012
Puerto Rico’s current economy is smaller and less populated than when many of its legal and government structures were effected, making it necessary to refocus development policies to be able to move forward.
chat_bubble4 Comments
visibility4915 Views
Puerto Rico promotes culinary tourism in New York
December 3, 2012
New York’s Culinary Loft was the scene of a recent tasting the flavors of Puerto Rico, attended by members of the media specializing in tourism and gastronomy, including stateside magazines, newspapers and website, the Tourism Company announced.
chat_bubble0 Comment
visibility2749 Views
Liberty Puerto Rico donates $145K to 7 nonprofits
December 3, 2012
Seven institutions that contribute significantly to strengthening the Puerto Rican welfare were the recipients of a combined $145,000 from Liberty de Puerto Rico, collected during the 16th edition of the its Invitational Golf tournament.
chat_bubble0 Comment
visibility2525 Views
Economists: ‘It will take Puerto Rico 6 years to recover’
November 30, 2012
Assuming that Puerto Rico’s economy were to grow at an annual rate of 1.75 percent starting in 2014, it would take six years for it to bounce back into pre-recession growth levels, local firm Estudios Técnicos predicted Thursday.
chat_bubble0 Comment
visibility3720 Views
DirecTV overhauls Puerto Rico platform, adds channels
November 30, 2012
DirecTV, Puerto Rico’s largest satellite service provider, plans to expand its channel lineup — including a handful of high-definition networks — as well as introduce new set-top equipment to extend more features to its customer base, company officials announced Thursday.
chat_bubble1 Comment
visibility6249 Views
Casa Pitusa Muebles furniture stores to open Dec. 4
November 30, 2012
Super Buy Furniture, a new company backed by local furniture chain Mueblerías Berríos, confirmed Thursday that it will reopen the 22 stores it picked up from retailer Pitusa as Casa Pitusa Muebles y Enseres on Dec. 4.
chat_bubble0 Comment
visibility6519 Views
Op-Ed: Setting up ‘Health Insurance Exchange’ for Puerto Rico employers
November 30, 2012
On June 28, 2010, the U.S. Supreme Court ruled that the HC Reform is largely constitutional, upholding the individual mandate provision. The individual mandate is the provision that requires Americans to maintain health coverage. While it is still uncertain if this provision would apply to Puerto Rico, or what impact it would have on the HC Reform come January 2013, we are certain that employers will continue to face challenging decisions regarding healthcare.
chat_bubble0 Comment
visibility3506 Views
Santander Puerto Rico takes The Bankers top honors
November 30, 2012
The Banker magazine has named Santander "Bank of the Year" in the United Kingdom, Mexico, Poland, Portugal, Argentina and Puerto Rico, the financial institution announced Thursday.
chat_bubble0 Comment
visibility2917 Views
Kaufman: ‘Investing in Puerto Rico creates jobs, moves the economy’
November 29, 2012
Keeping local capital well invested, protected and solid is crucial to Puerto Rico, as it is the only way to create jobs and move the economy, said Gregory Kaufman, newly appointed president of Popular Securities during his first meeting with members of the media Wednesday.
chat_bubble0 Comment
visibility4818 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA