Banco Popular de Puerto Rico has agreed to acquire Wells Fargo & Company’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc. and Reliable Finance Holding Company, for $1.7 billion, the financial institution announced.
For the fifth year in a row, Puerto Rico’s Center for a New Economy (CNE) has been included in the most recent edition of the 2017 Global Go To Think Tank Index Report published by the University of Pennsylvania’s Lauder Institute.
Puerto Rico Gov. Ricardo Rosselló, announced an agreement in principle with the United States Department of Treasury which will allow employers that were not able to operate their businesses — after Hurricanes Irma and María — to claim a credit of up to $2,400 for each employee that was paid a salary during said period.
Delta Air Lines paid out more than $1 billion in profit sharing for the fourth year in a row and celebrate the outstanding accomplishments made possible by its more than 80,000 employees around the world.
The president of the Puerto Rico Telecommunications Regulatory Board, Sandra Torres, said at a public hearing that currently 2,509 of the 2,659 antennas that provide telecommunications services in Puerto Rico are operational, representing 94 percent.
Green Spirit Industries Inc. through its wholly-owned subsidiary, Project 1493 LLC, announced it has begun construction on its fifth planned medical cannabis dispensary location in Puerto Rico.
The Central Florida Hotel & Lodging Association, a trade association representing approximately 80 percent of all lodging establishments in Central Florida, will be conducting a Central Florida Job Fair on Feb. 20th in San Juan, to provide job opportunities for those whose lives and careers were impacted by Hurricane María.
The McConnell Valdés/Antonio Escudero-Viera Scholarship awarded its second scholarship to Nayda Bobonis-Cabrera, a fourth-year University of Puerto Rico Law School student, the law firm announced.
New Jersey Gov. Phil Murphy signed an executive order establishing the Commission on Puerto Rico Relief, an 18-member group that will collaborate with state and federal agencies to expedite processes benefiting displaced Puerto Ricans in New Jersey, as well as examine ways the state can aid the island.
Retailer Marshalls, which has with more than 1,000 stores currently operating in 47 states, the District of Columbia and Puerto Rico will open is 21st store on the island at Plaza Las Américas on Feb. 22, store officials announced.
Axel García, and his company PRatian, which is dedicated to developing technologies for the aerospace industry, won this year’s local edition of the Global Student Entrepreneur Awards, hosted by the Entrepreneurs’ Organization.
Abarca, a pharmacy benefit manager, brought together a group of Puerto Rico’s business leaders to exchange ideas, network, and hear from international speaker, author, and business guru Anthony Iannarino about managing during times of change.
Taubman Centers Inc., owners and operators of The Mall of San Juan, anticipated Friday that they will generate $10 million of net operating income (NOI) from that asset in 2018, some of which may come from sources other than sales activities.
Puerto Rico Gov. Ricardo Rosselló and Resident Commissioner Jenniffer González announced an allocation of $16 billion in federal funds for the recovery of the island after Hurricane María.
As part of the efforts to develop and promote better and enhanced energy practices in Puerto Rico, the Puerto Rico Energy Efficiency and Sustainability Alliance (PR-EESA) announced the submissions period for “The Battle of the Buildings–Puerto Rico 2017 Edition.”
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