Eagle Industries lands $24.9M U.S. Marine Corps contract to be filled in P.R. plants
November 10, 2011
Minneapolis-based- ATK announced today that its Eagle Industries business has received an additional $24.9 million contract from Marine Corps Systems Command to produce the U.S. Marine Corps' new standard-issue pack.
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Food industry needs to reorganize to avoid collapse
November 10, 2011
Puerto Rico consumers spend $8.5 billion in food annually, an amount that represents 15 percent of their total expenses, making the sector one of the most important components of the local economy.
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Doral reports $30.2M net loss for 3Q
November 10, 2011
Doral Financial Corporation, the holding company of Doral Bank and Doral Bank FSB, reported a net loss of $30.2 million for the quarter ended Sept. 30, compared to a net income of $4.5 million for the prior quarter ended June 30.
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Sluggish Internet adoption rates stunting P.R.’s economic growth
November 10, 2011
Rico’s low broadband penetration and Internet usage levels are holding the island back from achieving true economic growth, industry experts agreed Wednesday, saying that with just 40-out-of-100 people using the Internet, progress is — and will likely remain — stunted.
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Local toy store chain Circo Toys opening 10 seasonal stores
November 10, 2011
Puerto Rican toy store chain Circo Toys will expand its local presence this holiday season by opening 10 seasonal stores this month that will generate about 130 jobs.
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AmEx, Condado Travel partner to serve corporate travel market
November 10, 2011
American Express and travel agency partner Condado Travel have entered into an agreement to benefit the island’s business sector with an improved and expanded corporate travel-planning program for Puerto Rico.
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Claro to offer iPhone as of 11-11-11
November 10, 2011
Wireless carrier Claro announced Wednesday it will begin selling the iPhone 4S starting Nov. 11, starting at $99.99 for the 16GB model, $199.99 for the 32GB model and $299.99 for the 64GB handset. The carrier will also offer the older iPhone 4 and iPhone 3GS models.
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Lands Authority, EPA to preserves 1K acres of wetlands in Loíza
November 9, 2011
The Puerto Rico Land Authority will preserve 1,000 acres of wetlands as part of an agreement with the U.S. Environmental Protection Agency. The wetlands, which help prevent flooding and pollution of rivers, lakes and streams, to be preserved under the settlement are mostly in Loíza, and will now be protected from future commercial and industrial development.
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TRB: Wireless providers ready to launch emergency messaging system
November 9, 2011
The island’s five wireless carriers will be ready to implement the Commercial Mobile Alert System in April, making it possible for them to send simultaneous messages to all of their customers on the island related to any emergency situation.
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T.J.MAXX marks 1st year in P.R. by opening 3 new stores
November 9, 2011
Off-price retailer T.J.Maxx is marking its first anniversary of operations in Puerto Rico with the opening of three new stores in Carolina, Ponce and Caguas, on Nov. 10.
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EDB, UPR join to light entrepreneurial spark in students
November 9, 2011
Economic Development Bank President Ivonne Otero and University of Puerto Rico President Miguel Muñoz unveiled Tuesday the "University Business Movement" program, a new initiative that seeks to promote an entrepreneurial spirit among college students.
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Walmart extends 24/7 schedule to all stores
November 9, 2011
Just weeks before the year’s busiest shopping season is set to start, Walmart Puerto Rico announced the immediate expansion of its 24-hour, seven-days-a-week schedule to all of its island stores, on an indefinite basis. The move responds to the retailer’s goal of providing customers a flexible schedule that fits their needs.
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Ferries del Caribe foundation builds homes on DR-Haiti border
November 8, 2011
A group of businesspeople, professionals and families of Puerto Rican and Dominican descent have come together to collaborate with the Ferries del Caribe Foundation to build 199 cement homes for underprivileged families living in subhuman conditions on the Haiti-Dominican Republic border, the company announced Monday.
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Barranquitas ornamental plant nursery adopts renewable energy system
November 8, 2011
For the second time in as many weeks, the Agriculture Department participated in the inauguration of a renewable energy project, this time at ornamental plant business Cali Nurseries in Barranquitas.
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MIDA pursues sparking awareness on P.R.’s food future
November 7, 2011
Puerto Rico imports a staggering 80 percent of all of the food that its nearly four million residents consume, a fact that compels thought and strategy on how to ensure there will be enough to go around now and in the future.
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