Claro IPTV license granted ‘in principle,’ TRB president says
August 31, 2011
The Puerto Rico Telecommunications Board have come to an agreement to grant the franchise license to Claro, putting an end to a three-year process that has kept the carrier from competing with the island’s cable companies.
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AT&T rebuffs DOJ filing to block merger
August 31, 2011
No sooner had the U.S. Department of Justice filed a lawsuit in a Washington D.C. court to block the proposed $39 billion takeover by AT&T of T-Mobile’s operations, when AT&T shot off a letter expressing its “disappointment” in the government’s action.
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Popular, American Airlines formalize alliance
August 31, 2011
Earlier this month, Banco Popular announced it had entered into an agreement with American Airlines Inc. to become the exclusive issuer of AAdvantage co-branded credit cards in Puerto Rico and the U.S. Virgin Islands. On Tuesday, both companies formalized the new partnership, offering details of the benefits now available to cardholders.
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P.R. making waves to sway cruise ship business
August 31, 2011
While commending the current administration’s “follow-through” attitude toward the cruise ship industry, Michele Paige, president of the Florida Caribbean Cruise Association said Puerto Rico has a lot to gain from the trade group’s upcoming 18th annual conference happening in San Juan in October.
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NALIC reports $4.5M in revenue in first semester of ’11
August 30, 2011
Two days after ratings agency A.M. Best downgraded its ratings, National Life Insurance Company announced its operational results for the first six months ended June 30, reporting $4.5 million in net revenue.
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Private Sector Coalition lobbies for IRS code amendment
August 30, 2011
The Private Sector Coalition is looking to create a multi-sectoral working committee to ask Congress to amend Section 243 of the U.S. Internal Revenue Code, so that corporations established in Puerto Rico can benefit from the same special tax rates given to domestic companies operating stateside.
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Returning to ‘economics 101’ principles key to rebounding, growth
August 30, 2011
World economies that are either stagnant or not growing as much as they should need to go back to basics, build upon their resources and take stock of what they have to offer the rest of the planet to be able to move forward.
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SBA, EDB offer loans to cover Irene-related losses
August 30, 2011
The U.S. Small Business Administration and the Economic Development Bank announced Monday the availability of emergency and disaster loans for small and mid-sized businesses, as well as homeowners, whose property was either lost or damaged by Hurricane Irene.
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Eagle Industries adding 300 jobs, pumping $1.8M into local operations
August 29, 2011
Eagle Industries is spreading its wings in Lares, with the addition of 300 new jobs through a planned expansion that will result in retaining the same number of workers at its Mayagüez operation, government and company officials said Monday.
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Center for Investigative Journalism lands $100K grant
August 29, 2011
The Center for Investigative Journalism has received a $100,000 grant from the Ethics and Excellence in Journalism Foundation, which it will use to continue expanding its staff and scope, co-founder Omaya Sosa confirmed to News is my Business.
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Less than 1/3 of IVU Loto winners have claimed their prizes
August 29, 2011
In the first nine months since the government launched its IVU Loto system, only 20 sweepstakes winners have claimed their prizes, taking home about 3 percent of the $630,000 up for grabs, Treasury Department numbers show.
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‘Project Generation E’ entrepreneurial program takes flight
August 29, 2011
How many times have you stopped at a red light only to be met with a group of youngsters collecting funds for their little league baseball team or to finance a trip to participate in off-island competition? Probably more than once.
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Op-Ed: Tales from an evolved ape — We the people…
August 29, 2011
As we approach a certain age and time in our lives, we begin to shuffle priorities and find time for things that spark our intellect and that before we had limited time for. For me, it has been catching up on history, and recently a particular subject, the American Revolution.
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Burlington opening 5th local store next month
August 29, 2011
Less than a year after making its local debut, Burlington Coat Factory is opening its fifth store, Sept. 23, at the Santa Rosa Mall, next month. The new 70,000 square foot location will take up the space left vacant by Grande supermarket.
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NY-area airport closings ahead of storm ground LMM traffic
August 27, 2011
The closing of the three major airports in the New York/New Jersey area ahead of Hurricane Irene prompted dozens of cancellations from the Luis Muñoz Marín International Airport Saturday, stranding hundreds of passengers.
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