Triple-S Salud launches mobile app for members
January 9, 2015
Puerto Rican health insurance provider Triple-S announced Thursday the availability of a new mobile “app."
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Montehiedra mall owner restructures $120M debt
January 8, 2015
New Jersey-based Vornado Realty Trust announced Wednesday the modification of the $120 million, 6.04 percent mortgage loan secured by its Montehiedra Town Center.
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Fitch keeps ‘watch negative’ over PRASA liquidity issues
January 8, 2015
In accordance with its practice of regularly reviewing ratings on Rating Watch, credit ratings agency Fitch Ratings announced Wednesday it will maintain its “Rating Watch Negative” status on $3.4 billion of outstanding Puerto Rico Aqueduct and Sewer Authority senior lien revenue bonds.
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FirstBank grants $2M loan to Deya Elevator Services
January 8, 2015
FirstBank announced Wednesday the approval of a $2 million loan to Deya Elevator Services Inc., a Puerto Rican firm that specializes in vertical transportation, namely elevators, linear transports and ramps.
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AT&T launches ‘rollover’ plan — this time for data
January 8, 2015
Wireless carrier AT&T announced Wednesday it is bringing back its “Rollover” concept — introduced initially for minutes of talk time — but this time for data.
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Medtronic shareholders approve Covidien acquisition
January 7, 2015
Minneapolis-based Medtronic Inc. announced Tuesday that its shareholders approved the proposed $43 billion merger with chief rival Covidien, announced last June.
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Haitian diplomat warns of new dictatorship in new book
January 7, 2015
WASHINGTON — Jan. 12 marks five years since a magnitude-7.0 earthquake razed Port-au-Prince and threw Haiti into chaos. Raymond Joseph was Haiti’s ambassador to the United States at the time. While his country’s president and politicians hid from the public, he famously filled the void of leadership, activating the international community’s first-aid response. Now Joseph, […]
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Puerto Rico Investment Summit slated for Feb. 26-27
January 7, 2015
The 2015 Puerto Rico Investment Summit has been scheduled for Feb. 26-27, less than a year after the first event in the series was held in April 2014, in collaboration with the Department of Economic Development and Commerce.
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Bankruptcy cases at -1% through Nov.; Debt flat at $1.7B
December 30, 2014
The number of bankruptcy cases filed on the island during the first 11 months of 2014 represented at 1 percent year-over-year drop, according to data released Monday by local research firm Boletín de Puerto Rico.
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Yogen Früz opens 14 stores, adds 400 jobs in ’14
December 30, 2014
Frozen yogurt retailer Yogen Früz is wrapping up 2014 with the addition of 14 new stores across Puerto Rico representing a total investment of $2.5 million and the creation of 400 jobs, company executives said Monday.
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Index: Puerto Rico one of region’s least corrupt islands
December 29, 2014
Despite Puerto Rico’s ongoing fiscal crisis and allegations of corruption by enemies of Gov. Alejandro García-Padilla, business executives and foreign investors still perceive the Commonwealth as relatively clean by Caribbean standards.
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Op-Ed: Purging ’14’s anxieties in favor of ‘hope’ in ’15
December 29, 2014
Forty years ago, as I prepared for a personal adventure that would change my life forever, I read an autobiography by U.S. Supreme Court Judge William O. Douglas called “Go East Young Man, The Early Years.”
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4 local banks make Forbes’ ‘best in Americas’ list
December 29, 2014
Four Puerto Rico-based banks again made it into this year's “Best Banks in America” ranking released by Forbes magazine, with Oriental Bank receiving the highest rating among its peers.
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Clark Realty Capital chosen to develop Roosy Roads
December 23, 2014
Nearly two years after launching its strategy to promote the establishment of projects and the development of nearly 3,000 acres that make up the former Navy Base in Ceiba, the Roosevelt Roads Redevelopment Authority announced Monday the selection of Virginia-based Clark Realty Capital as the property’s Master Developer.
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Appointments in PR, tech, hospitality, insurance
December 23, 2014
Puerto Rican executives were named recently to positions within the public relations, technology, hospitality and insurance industries.
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