Bankruptcies uphold 7-month decline with 8.3% drop in October
November 28, 2011
The island’s bankruptcy rate held on to its seventh consecutive monthly decline in October, when a total of 1,077 cases were submitted to the U.S. Bankruptcy Court. The figure represents 90 fewer filings and an 8.35 percent drop in comparison to the same month last year, research firm Boletín de Puerto Rico reported.
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Experts predict brisk ‘Cyber Monday’ sales; ShoeGalz.com launches online store
November 28, 2011
U.S. retail e-commerce spending for the first 25 days of the 2011 holiday season that got its start Nov. 1 has reached $12.7 billion, marking a 15 percent increase versus the same period last year, according to comScore, a leader in measuring the digital world, said Sunday.
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AT&T sponsors ‘Y-BALE’ youth technology outreach program
November 28, 2011
Wireless carrier AT&T will be sponsoring for the first time in Puerto Rico its Youth for Broadband Awareness Literacy & Education program, looking to offer technology and computer training to youth through a partnership with the Boys and Girls Club. The event will take place in Carolina, Dec. 1-2, News is my Business learned.
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Autogermana riding on success of Guaynabo service center, mulls opening 2 more
November 28, 2011
In the wake of its successful three-year run as a service provider to the island’s BMW and Mini Cooper vehicle owners, Autogermana BMW is considering opening two more similar operations to serve the southern and western regions, Miguel Cruz, director of parts and services for the company.
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Op-Ed: A Taíno legacy?
November 28, 2011
Recent studies show that Puerto Ricans’ DNA carries 15 percent of Taíno genes. As described by Christopher Columbus, Taínos “… were well built, with very handsome bodies and very good faces … they do not carry arms or know them. They should be good servants.”
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Claro launching LTE in San Juan metro area next week
November 24, 2011
Wireless speeds for Puerto Rico Telephone (Claro) customers are about to get a whole lot faster.
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P&G publishing Christmas ‘brandSAVER’ coupon booklet
November 24, 2011
Procter & Gamble announced it will be distributing the Christmas edition of its “brandSAVER” manufacturer’s coupons booklet this Sunday, through one of the island’s major circulation newspapers, as well as at information centers at Plaza Las Américas and Plaza del Caribe in Ponce.
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Liberty Cablevision increases broadband speeds to 30 Mbps
November 23, 2011
Luquillo-based Liberty Cablevision announced Tuesday the arrival of broadband download speeds of between 20 megabits per second and 30 Mbps through its upgraded DOCSIS 3.0 network. Internet clients can expect “more potent, stable and reliable” connections, company officials said.
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Farmers ring up $1.2 million in sales during EDB-sponsored markets
November 23, 2011
Economic Development Bank President Ivonne Otero said Tuesday that local farmers participating in the agency’s urban market events over the past 24 months have generated some $1.2 million in direct sales, plus another similar amount in deals to export their goods, as well as sell them at retail establishments on the island.
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Retail sales to increase by 3.3% during Christmas season
November 22, 2011
Just two days before the biggest shopping weekend of the year, Puerto Rico Trade predicted Tuesday that retail sales will increase by 3.3 percent during the Christmas season, if the pattern in local consumer purchases maintains the same growth rate registered in the period ended in September 2011, which was $2.9 million.
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Claro IPTV service could go live in 1Q ’12
November 22, 2011
The New Year may usher the start of Internet Protocol TV in Puerto Rico, if Claro succeeds in negotiating the cable television franchise agreement recently obtained from the Telecommunications Regulatory Board.
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Treasury increases IVU Loto grand prize to $25K
November 22, 2011
Weekly IVU Loto drawings will offer higher prizes starting Nov. 29, in an effort by the Treasury Department to increase retailer participation rates from the current 33,250, agency chief Jesús Méndez said Monday.
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Claro drops basic Internet rate, unveils new device lineup
November 22, 2011
Wireless provider Claro announced it is dropping the price of its basic Internet service to $20 a month to provide an entry-level alternative to that segment of the population that may not be able to afford a costlier option.
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América Móvil, AT&T sign MOU to expand relationship in Latin America
November 22, 2011
Puerto Rico Telephone/Claro’s parent company, América Móvil, and wireless provider AT&T announced Monday they have signed a strategic memorandum of understanding to explore ways of delivering enhanced communication services to multinational companies throughout Latin America and the rest of the world.
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87 defendants in Britto knock-off case fail to negotiate, will face judge Dec. 29
November 21, 2011
Some 87 retailers and wholesalers doing business in Puerto Rico that were sued in September for selling counterfeit Romero Britto items are facing what could be significant finds for not coming forward to negotiate, the lead attorney in the pop artist’s lawsuit, Dora Peñagarícano, told News is my Business.
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