El Mesón Sandwiches, a Puerto Rican sandwich shop with more than 40 years in business, will open its first store in the U.S. mainland on June 1, at the Florida Mall in Orlando.
First BanCorp., the bank holding company for FirstBank Puerto Rico, announced Tuesday it has entered into a definitive agreement to sell a portfolio comprised of mostly non-performing and classified commercial loans and real estate owned totaling $199.8 million of unpaid principal balance, or $150.1 million of book value, for $87.6 million in cash or 43.8 percent of the unpaid principal balance of the assets.
Seaborne Airlines and JetBlue Airways announced Tuesday they have finalized terms to begin a codeshare marketing relationship, expanding upon the carriers' interline agreement in place since 2013.
Just a month after the launch of its native application for iPad, Banco Popular announced Tuesday the integration of a new feature that allows customers to check balances and locate branches and ATMs through the Apple Watch, becoming the first financial institution in Puerto Rico to make that function available.
The U.S. Department of Agriculture is seeking applications for grants to make housing repairs for low- and very-low income rural residents.
More than 9,000 homeowners in Puerto Rico could save an average of $182 a month, or approximately $2,200 a year, on their mortgage loans as the result of the extension through 2016 of the Home Affordable Refinance Program and the Home Affordable Modification Program, federal authorities said this month.
In the United States, electricity costs 10¢ to 12¢ per kilowatt-hour (kwh), while in Costa Rica, it’s 15¢ per kwh and higher in Honduras and Nicaragua, Central America’s poorest countries.
The U.S. Department of Agriculture recently announced it has some $10.4 million in funding available for grants to support rural community economic development.
Government Development Bank President Melba Acosta came down hard on Moody’s Investors Service’s decision to downgrade the Commonwealth’s credit rating deeper into junk status by saying the move shows “ratings agencies are totally out of tune with what’s happening” in Puerto Rico.
Software giant Microsoft on Thursday announced it has certified locally-owned telecommunications provider WorldNet to offer the “Skype for Business” product, which extends to organizations and government entities a complete unified communications solution, combined with the security, expertise, and support that businesses require.
Puerto Rico Gov. Alejandro García-Padilla introduced Wednesday the measure paving the way for a $9.8 billion General Fund budget, and a $28.8 billion consolidated budget for Fiscal 2016.
Microsoft senior executives and government officials gathered Wednesday to celebrate the software giant’s 25th anniversary in Puerto Rico, a history marked by innovation and collaboration to accelerate the growth of the local IT industry and advance socio-economic development.
Puerto Rico’s nonprofit organizations have a positive economic impact on the island, producing 150,410 jobs — or 16 percent of all local employment — and some $2.2 billion in wages, according to a study presented Wednesday by the Foundations Network.
A year ago, as Puerto Rico welcomed the signing of the Energy Transformation and Relief Act of Puerto Rico (Act 57-2014), I shared my sentiment of great enthusiasm with friends, by quoting the extraordinary anthem of the Beatles 1968 “Revolution.”
The Insurance Institute for Highway Safety awarded the 2015 Nissan Murano a “Top Safety Pick Plus” vehicle safety rating, which is the group’s highest available ranking.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA