United for PR raises $10M+, 800K lbs in provisions
October 10, 2017
United for Puerto Rico has raised more than $10 million and collected more than 800,000 in provisions three weeks after becoming a a private nonprofit organization, said Aurelio Alemán, board chair of the group.
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Curry challenges Act 20/22 beneficiaries to ‘Act on PR’
October 10, 2017
Philanthropist, fintech pioneer, and Puerto Rico resident Mark E. Curry announced the establishment of a fund that will be used to help rebuild Puerto Rico and to aid its people upon the catastrophic impact made by Hurricanes Irma and María.
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SJ Marriott open, operational following Hurricane María
October 10, 2017
The San Juan Marriott Resort & Stellaris Casino in the Condado sector of San Juan is “open and operating regularly,” property General Manager José González-Espinosa said Monday.
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DISH deploys disaster relief services in PR/USVI
October 10, 2017
Following the worst hurricane to hit Puerto Rico and the U.S. Virgin Islands in nearly a century, DISH is responding to serve customers and communities impacted by the storm, the company said Monday.
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More than 75% of BK, Firehouse Subs open in PR
October 10, 2017
Caribbean Restaurants Inc., one of the few companies able to resume business in Puerto Rico the day after Hurricane María, now has more than 75 percent of its 187 Burger King and Firehouse Subs restaurants on the island serving more than 120,000 customers daily from 6 a.m. to 11 p.m., said CEO Aniceto Solares.
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Bankers Assoc.: 57% of PR bank branches operational
October 9, 2017
More than half, or 57 percent of Puerto Rico’s bank branches islandwide are offering services, Puerto Rico Bankers Association Executive VP Zoimé Álvarez-Rubio said.
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PR gov’t will go broke Oct. 31 without $4B-$6B from U.S.
October 9, 2017
The government of Puerto Rico will go broke by Oct. 31 unless the U.S. Department of Treasury approves an injection of between $4 billion and $6 billion that the local Treasury Department has requested.
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Alemán: Economic activity will pick up again in 6-9 mo’s
October 9, 2017
Hurricane María’s devastating impact on Puerto Rico could eventually ring positive for the island’s economy, which has been crippled by a 12-year recession and the recent catastrophic storm.
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FEMA hiring PR residents to support hurricane recovery
October 9, 2017
The Federal Emergency Management Agency (FEMA) is hiring local residents to assist in the disaster recovery effort in the aftermath of Hurricanes Irma and María.
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TRB: FCC’s OK to Project Loon is ‘leap forward’ for PR
October 7, 2017
The Federal Communications Commission’s approval of Google’s Project Look technology — which will enable fast recovery of telecommunications services in Puerto Rico — is a “leap forward” in the use of new technology to put the island back online, said Telecommunications Regulatory Board President Sandra Torres.
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Housing Finance Authority grants 3-mo. moratorium
October 7, 2017
The Puerto Rico Housing Finance Authority confirmed that in the wake of Hurricane María, it agency will offer an automatic three-month moratorium on payments for single-family mortgage loans and the “Casa Mía” program through November.
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PR debt insurers pull court complaints against fiscal plan
October 7, 2017
In what could represent the first positive for Puerto Rico in its litigation with creditors and insurance companies over debt repayment, two monoline insurers — National Public Finance Guarantee Corp. and Assured Guaranty withdrew their complaints against the Commonwealth’s Fiscal Plan.
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US House members discuss PR/USVI status after storms
October 6, 2017
House Committee on Natural Resources Chairman Rob Bishop (R-UT) organized an informal roundtable this week so committee members could discuss the situation in Puerto Rico and the U.S. Virgin Islands after hurricanes Irma and María.
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Eli Lilly ships 36K insulin vials, pens to PR
October 6, 2017
Eli Lilly and Company announced Thursday that a new shipment of commercial medicines, including more than 36,000 vials and pens of insulin, arrived in Puerto Rico.
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PR woman is finalist in SBA’s ’17 InnovateHER Challenge
October 6, 2017
Zayira Jordan of Guaynabo-based GuardDV has been included among this year’s 10 finalists of the U.S. Small Business Administration’s InnovateHER Business Challenge.
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