AT&T expands 4G LTE to 6 western towns
December 21, 2011
AT&T announced Wednesday its ongoing expansion of its 4G LTE network on the island, rolling it out to parts of Aguada, Aguadilla, Añasco, Mayaguez, Rincon, Moca and Hormigueros. The added areas comes a month after AT&T introduced 4G LTE in parts of the San Juan metropolitan area on Nov. 20.
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PRMA: 3 measures ‘seriously hurt’ P.R. competitiveness in ’11
December 21, 2011
As 2011 wraps up, the Puerto Rico Manufacturers Association — one of the island’s most important trade organizations — took stock Tuesday of the last 12 months, concluding that a trio of major administration-backed measures significantly set back competitiveness by hindering free trade and industrial growth.
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Botched AT&T/T-Mobile deal leaves same issues on table
December 20, 2011
AT&T’s decision to walk away from its intention of buying rival T-Mobile puts an end to concerns expressed locally that consummating the $39 billion transaction would create a monopoly on the island.
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FCC takes steps to quiet loud TV commercials
December 19, 2011
One of the most persistent problems of the modern television age — loud commercials — are about to become a thing of the past with the recent passage of the 2010 Commercial Advertising Loudness Mitigation Act.
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Pierluisi asks 15 e-retailers to explain refusal to ship to P.R.
December 19, 2011
Resident Commissioner Pedro Pierluisi this week put the spotlight on some of the most popular online retailers, asking them to explain why they will not ship to Puerto Rico arguing among other things that the island must abide by the same federal trade and consumer protection laws as all of the 50 states.
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Private Sector Coalition calls for changing P.R.’s image
December 19, 2011
The Private Sector Coalition is calling for the union of all sectors, to change the perception that Puerto Rico is one step from becoming a narco-state maintained by an underground economy into one seen as having the region’s best infrastructure, technology and professionals.
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European economic woes affect MAPFRE PRAICO’s credit rating
December 19, 2011
The continued deterioration of European credit has reached Puerto Rico’s insurance market, with the recent decision by reputed insurance industry rating agency, A.M. Best to place the ratings of MAPFRE PRAICO Group and its members under review with negative implications.
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Walmart benefits Hogar Teresa Toda with $10K grant
December 19, 2011
Hogar Teresa Toda, a nonprofit organization that provides shelter and services to girls aged six to 17, is getting a $10,000 grant from retailer Walmart, which made the announcement as part of its "12 Days of Giving" Facebook campaign.
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EPA orders Condado Duo developer to pay $473K penalty for polluting lagoon
December 16, 2011
The developers of the Condado Duo Hotel complex, International Hospitality Associates, have entered into a settlement agreement with the U.S. Environmental Protection Agency for discharging pollutants into the San Juan stormwater sewer system, which is connected to the Condado Lagoon.
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Nutritionists, restaurant association square off again over ‘Buen Provecho’ program
December 16, 2011
The controversy over whether Nutritional Assistance Program benefits should be expanded to include more fast-food restaurants escalated another notch Thursday when the Alliance for Adequate Nutrition supported its claim that it would be a mistake to do so by citing the U.S. Department of Agriculture’s recent opposition to the proposal.
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Analyst: Popular poised to build upon dominant position
December 15, 2011
After suffering several years of substantial losses locally and stateside, Banco Popular has “solidified its capital base” and is “now poised to build upon its dominant position in Puerto Rico while returning its mainland operations to profitability,” investment banking firm B. Riley said in a report released Wednesday.
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Continental moves in with United at LMM’s Terminal B
December 15, 2011
Continental Airlines is moving in with sister carrier United Airlines, whose ticket counter is currently located inside Terminal B of the Luis Muñoz Marín International Airport. The carriers, owned by United Continental Holdings Inc. will share space as part of the integration of both airlines, company officials announced Wednesday.
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P.R. Convention Bureau appoints new SVP of sales
December 15, 2011
The Puerto Rico Convention Bureau announced Wednesday the appointment of Neil J. Mullanaphy as its new senior vice president of sales, effective this week. The Rutgers University graduate will be based in Washington, D.C., from where he will oversee the organization’s long-term selling strategies, as well as manage and supervise the Bureau’s sales team.
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Federal DOT grants $10M to re-route busy Guaynabo junction
December 14, 2011
The unnerving traffic snarls that take place on a daily basis at the junction where at least four major roads meet near the San Patricio Plaza mall in Guaynabo could be gone for good due to a $10 million assignment the U.S. Department of Transportation approved for significant infrastructure improvements.
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Banking veteran tapped to OCIF helm
December 14, 2011
Gov. Luis Fortuño appointed former BBVA executive and banking industry veteran Rafael Blanco to head the Office of the Financial Institutions Commissioner, effective Jan. 1. Blanco will succeed current OCIF chief Alfredo Padilla, who will retire after nine years at the agency.
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