Ford sets aside $40K for ‘green’ initiative grants
June 14, 2011
Ford Motor Company is marking a decade of fueling environmentally friendly initiatives on the island through grants bestowed to individuals and organizations. This year, the automaker will distribute $40,000 for those initiatives, adding to the $400,000 it has distributed since 2001.
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Legacy Pharmaceuticals investing $34M in Humacao complex
June 13, 2011
Contract manufacturer Legacy Pharmaceuticals PR, LLC announced Monday investment plans to expand its Humacao complex, where it produces and packages a variety of over-the-counter and prescription drugs in tablet and liquid forms.
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3 new hotels, 1st casino in pipeline for Vieques
June 13, 2011
Three new hotels — including the first to incorporate a casino — are in the works for the island municipality of Vieques, representing a total investment of $55.1 million and the possibility of adding some 200 new rooms, News is my Business has learned.
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Internet Society hosts visit by eminent intellectual property mediator
June 13, 2011
M. Scott Donahey, who for more than two decades has professionally mediated in Internet- and technology-related intellectual property disputes, will be on the island this week to offer a conference sponsored by the Internet Society of Puerto Rico.
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Bayamón juice plant receives FDA warning letter
June 13, 2011
The Food and Drug Administration recently issued a warning letter to Bayamón fruit juice processing plant Jonlly Fruits Inc. over “serious violations” to current safety and sanitary regulations.
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WH focuses on P.R. with Obama visit, Task Force summit
June 11, 2011
President Barack Obama will be landing on Puerto Rican soil at around noon next Tuesday, keeping the promise he made two years ago during a primary campaign stop on the island to come back if he won the elections.
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Wright steps down as Scotiabank CEO, moves to Canada operations
June 10, 2011
Troy Wright, who steered Scotiabank de Puerto Rico through last year’s acquisition of R-G Premier Bank’s failing assets, is stepping down as CEO to join Scotiabank Group's operations in Canada as executive vice-president, retail distribution, Canadian banking, effective July 18.
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Banco Popular marks 50 years in U.S. market during P.R. parade in NY
June 10, 2011
Banco Popular de Puerto Rico will kick off the celebration of its 50th anniversary of service in the U.S. mainland with a lavish float at the National Puerto Rican Day Parade this Sunday.
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Doral stock wavers on housing stimulus extension buzz
June 10, 2011
Doral Financial Corp.’s stock has been on a rollercoaster ride on Wall Street this week, declining by 13.9 percent Wednesday, but climbing back 6.59 percent to $1.78 a share at the end of business Thursday.
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Jobless rate reaches 16.2% in April, dipping slightly year-over-year
June 10, 2011
The island’s persistently high unemployment rate dropped slightly to 16.2 percent in April, representing a 0.7 percentage point reduction from the 16.9 percent rate on record for the same month last year. When compared to March 2010, the current rate is also down, by 0.6 percentage points, Labor Department statistics released Thursday revealed.
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New partners join FirstBank environmental initiative
June 10, 2011
In observance of International Year of Forests, FirstBank has joined Hospedería Rio Abajo Forest Cooperative and Educational Services and Alternative Tourism Trips under its One with the Environment program to educate 500 students from public schools in Arecibo and Utuado on the importance of protecting forests and their surroundings for their ecological value.
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P.R. farmers pack their products for marketing trip to Big Apple
June 10, 2011
The Agriculture Department is sponsoring a junket to New York this week for a group of 11 Puerto Rican farming entrepreneurs looking for stateside buyers for a variety of locally grown products including oranges, soursop, mango, okra, star fruit, tamarind, squash, sweet peppers, tomatoes, onions, avocados, cilantro and oregano.
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Bristol-Myers Manatí plant back on track with FDA
June 9, 2011
Less than a year after getting into hot water with the U.S. Food & Drug Administration, Bristol-Myers Squibb in Manatí has reportedly solved its problems and is back in the regulator’s good graces.
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Direct LMM-Havana flights could start as early as July
June 9, 2011
Miami-based C&T Charters plans to offer flights between Puerto Rico and Cuba as early as next month, CubaNews reported.
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EDC, CUD join forces in favor of local entrepreneurs
June 8, 2011
Several initiatives are in the works to strengthen the island’s small and mid-sized businesses, including developing a website through which local companies can explore export opportunities, especially to countries in the Caribbean and Latin America.
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