Arecibo to pay $35K fine, pump $56M in sewer system upgrades to settle Clean Water Act violations
June 5, 2012
The town of Arecibo has reached a settlement agreement with the U.S. Environmental Protection Agency to resolve violations of the Clean Water Act and violations of its Small Municipal Separate Storm Sewer System permit, the U.S. Department of Justice and the U.S. Environmental Protection Agency announced Monday.
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Treasury shores up $1.2B in April, reports 4% jump in May sales tax collections
June 5, 2012
Net revenue making its way to the Puerto Rico government’s General Fund exceeded $1.2 billion in April, with personal and corporate income tax collections representing 69 percent, or $830 million of the month’s total, agency Secretary Jesús Méndez said Monday.
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Op Ed: Saving on everyday shopping, a working mom’s point of view
June 5, 2012
As a mom to three kids — a teenager among them — keeping my finances in check while pleasing everyone’s needs and wants can be a tough balancing act.
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IAB readies to unveil local social network usage trends
June 5, 2012
The Internet Advertising Bureau, Puerto Rico chapter, will unveil the results of the second edition of its Social Networks study, which aims to show the prevailing trends in the use of online networks such as Facebook, Twitter, Skype, LinkedIn, Google, YouTube and others.
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Scherrer Hernández CPA firm takes on new identity, becomes BDO
June 4, 2012
Corporate accounting firm Scherrer Hernandez & Co. is looking to “play with the big boys” in Puerto Rico and the Caribbean, becoming part of the world’s fifth largest accountancy group, the prestigious BDO network.
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Robinson School sweeps 5th annual ‘Stock Market Game’ competition
June 4, 2012
A team of students from San Juan’s Robinson School won this year’s local “The Stock Market Game” competition sponsored by the New York Stock Exchange and organized locally by Oriental Financial Group.
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Ford grants $40K to 7 groups to promote environmental projects
June 4, 2012
Seven nonprofit organizations will be able to continue their education, rescue and environmental preservation efforts upon being selected to receive a total of $40,000 from Ford Motor Co.’s Conservation and Environmental Grants program, now in its 11th year.
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Scotiabank ranked among LatAm’s ‘best multinationals to work for’
June 4, 2012
For the fifth consecutive year, Scotiabank has been included in the Great Place to Work Institute's list of “Best Companies to Work For in Central America and the Caribbean,” for its operations in Puerto Rico, Dominican Republic, El Salvador, Panama, Guatemala and Costa Rica.
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Open Mobile: Data roaming deal with Verizon opens new business prospects
June 4, 2012
Prepaid wireless carrier Open Mobile recently struck a data roaming agreement with Verizon Wireless that will allows customers traveling stateside to avoid overage charges for using another network.
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Leading Edge Logistics buys Horizon International Shipping of Miami and San Juan
June 4, 2012
Third-party logistics company Leading Edge Logistics recently announced the acquisition of Horizon International Shipping of Miami and San Juan, a non-vessel owning common carrier (NVOCC), joining Leading Edge Logistics’ Puerto Rico division LEL Caribe.
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Treasury announces tax-free weekend July 13-15
June 1, 2012
Puerto Rico residents will get the chance to save some money on back-to-school purchases during a tax-free weekend July 13-15, Treasury Secretary Jesús F. Méndez said.
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First BanCorp wraps $402M credit card portfolio purchase
June 1, 2012
First BanCorp, the parent company for FirstBank Puerto Rico, announced it completed Thursday its purchase of a $402 million FirstBank-branded consumer credit card portfolio from FIA Card Services, N.A. and an affiliate.
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Tourism Co. unveils ‘all-inclusive’ digital media strategy
June 1, 2012
The Puerto Rico Tourism Co. unveiled its digital media strategy, including it redesigned www.seepuertorico.com institutional website that is now an "all inclusive" concept seeking to put as much information as possible about the island at the visitor's fingertips.
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Evertec, Gustazos launch ‘Giftmall’ gift certificate site
June 1, 2012
Riding on the wave of the acceptance local consumers have given to group discount offers, online marketing company Gustazos has joined forces with payment processing company Evertec to launch “Giftmall,” a new service that offers online gift certificates redeemable at dozens of local businesses.
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Banco Popular rebrands NY, NJ branches as ‘Popular Community Bank’
June 1, 2012
After 51 years in New York, Banco Popular, a division of Popular Inc., will become Popular Community Bank on June 4 with signage and related rebranding changes at 32 branches in New York City and seven in New Jersey.
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