Puerto Rico is gearing up to welcome more than 1,200 travel agents from 120 countries who will participate in the American Society of Travel Agents' annual convention, slated for April 14-17.
First BanCorp announced Thursday — at the request of the New York Stock Exchange — that it is not aware of any developments that would account for the market activity in the corporation's common stock today.
St. Croix-based Seaborne Airlines on Thursday marked the start of its new daily schedule of flights between the Luis Muñoz Marín International Airport in Carolina and the islands of St. Croix, St. Thomas and Vieques, in pursuit of business and leisure travelers in the region.
Cement sales on the island continued their downward spiral during the last quarter of 2010, dropping close to 8 percent, but remained nearly flat year-over-year.
Washington D.C.-based The Daily Caller on Tuesday zeroed in on the recently passed 4 percent tax on foreign corporations, saying it is has the makings of an "indirect bailout," as Fortuño administration officials seek to have the IRS allow affected companies to write off the new collective $6 billion business expense as a tax credit.
Canadian firm Western Wind Energy Corp. has set its eye on Puerto Rico, with the planned development of a $120 million, 30 megawatt solar energy project in Yabucoa.
First BanCorp, parent company of First Bank, announced Wednesday that, effective Jan. 7, it will implement a 1-for-15 reverse stock split of all outstanding shares of its common stock as it pulls at its options to remain listed on the New York Stock Exchange.
The Consumer Price Index showed a drop of 0.1 percent in November, in comparison to the same month last year, according to information released Wednesday by the Puerto Rico Statistics Institute.
Nearly a decade after the island was assigned a second area code — over concerns that telephone numbers available under the “787” code were running out — it turns out that both area codes are still being underutilized.
The U.S. Department of Treasury has yet to issue a decision on whether foreign companies doing business in Puerto Rico will be allowed to take a credit for the excise tax imposed through Law 154, which goes into effect this month.
Digital financial media company TheStreet.com this week included two local banks in its list of “Bank Stock Awards” winners, recognizing their respective performance improvements in 2010.
Puerto Rico has received $1 million from the U.S. Department of Labor’s National Emergency Grant program to continue clean-up and recovery efforts in the wake of the tough weather the island experienced in May.
The Agriculture Department on Thursday filed a motion at the U.S. District Court for Puerto Rico requesting an additional 10 days to "responsibly calculate" what the new price for fresh milk should be.
Dallas-Fort Worth-based American Airlines, Puerto Rico's dominant air carrier, will be cutting five more routes from its schedule out of the Luis Muñoz Marín Airport, including several offered by its regional operator, American Eagle.
Nearly two dozen flights in and out of the Luis Muñoz Marín Airport in Carolina were grounded Monday, leaving about 2,000 passengers stranded as a major blizzard dumped significant amounts of snow throughout several states along the Mid-Atlantic and U.S. eastern seaboard.
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