P.R. DOJ joins fight against AT&T/T-Mobile merger
September 30, 2011
Saying that the proposed merger between AT&T and T-Mobile would “hinder wireless market competition,” the Puerto Rico Justice Department joined its federal counterpart lawsuit to block the transaction, an action News is my Business anticipated earlier this month.
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Medtronic pumping $50M into Juncos complex, adding 200 jobs in 3 years
September 30, 2011
Medical device maker Medtronic will be pumping $50 million into expanding its Juncos operation in the next three years, adding some 200 jobs in the process, company and government officials announced Friday.
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Senate chief disconnects TRB nominee’s ‘fast-track’ confirmation
September 30, 2011
To the apparent relief of a coalition of the island’s major telecommunications companies, Senate President Thomas Rivera Schatz intervened Thursday with the apparently “fast-tracked” confirmation process of Gloria Escudero Morales’ nomination as associate member of the Telecommunications Regulatory Board.
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Pierluisi meets with private sector, labor leaders on incentives, jobs
September 30, 2011
Representatives from more than a dozen labor unions and the private sector met with Resident Commissioner Pedro Pierluisi Thursday to outline strategies to defend the Puerto Rico Investment Promotion Act and the American Jobs Act, both of which they claim could spur economic development for the island.
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Tourism Company unveils new ’12 campaign at PRHTA convention
September 30, 2011
The Puerto Rico Tourism Company unveiled its promotions, marketing and public relations plans for the 2011-12 tourism season during a presentation Thursday before members of the Puerto Rico Hotel and Tourism Association.
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BBVA Auto participating in islandwide weekend car sale event
September 30, 2011
BBVA Auto, one of the island’s largest vehicle financing firms, will be participating during this weekend’s “The Sale” event, Sept. 29-Oct. 3, at 12 dealerships throughout the island where more than 2,000 new and used cars will be available for sale.
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Fusionworks garners international recognition
September 30, 2011
Local software developer Fusionworks recently received an international award from SAP, picking it as the regional winner during a recent business partners annual meeting in Mexico.
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Popular completes sale of non-performing loan portfolio
September 29, 2011
Popular Inc. announced Thursday that its subsidiary Banco Popular de Puerto Rico, completed the sale of a portfolio of mostly non-performing construction and commercial real estate loans with a book value of about $148 million. The loans carry an unpaid principal balance of approximately $358 million, the financial institution announced late in the day.
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Telecom industry balks at possible Escudero confirmation to TRB
September 29, 2011
Concerned about a possible “loss of balance” at the Telecommunications Regulatory Board, a coalition of telecom companies expressed their collective concern Thursday over the appointment of Gloria Escudero Morales as associate member.
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2 plants announce expansions, $17.7M in combined investments
September 29, 2011
Governor Luis Fortuño participated Wednesday in a pair of plant expansion announcements that represent a combined $17.7 million in investments and the addition of more than 200 new jobs in Manatí and Ciales.
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DMO closer to becoming reality with Fortuño’s backing
September 29, 2011
Governor Luis Fortuño’s public support of establishing a Destination Marketing Organization for Puerto Rico took members of the Puerto Rico Hotel and Tourism Association by surprise Wednesday, but they are ready to take him up on his word, the trade group’s president Ismael Vega said.
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Doral investing $1M to launch program supporting women entrepreneurs
September 29, 2011
Given that more than half of the island’s population is female and that women represent 45 percent of Puerto Rico’s labor force, it should come as no surprise that they should deserve to get financial and professional support to continue to thrive in their careers.
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PRBI, P.R. Health Information Network connect to fuel e-record adoption
September 29, 2011
Critical Hub Networks announced Wednesday it has interconnected with the Puerto Rico Health Information Network in a venture that seeks to update and support the federally mandated health record digitalization plan while maximizing federal taxpayer dollars, company officials said.
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Turabo University receives $800K grant to open exports institute
September 29, 2011
The U.S. Department of Commerce’s Economic Development Administration has awarded an $800,000 grant to Turabo University to establish the Exports and Economic Development Institute at the college, officials said Wednesday.
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Healthy vending machines make local debut
September 28, 2011
California-based Human Health Vending is making its debut in Puerto Rico, partnering with local entrepreneur Angel Cintrón, who will be installing the healthful vending machines in metro area schools, community centers, hospitals and corporate buildings.
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