Some six months after Tous — the Spanish design house known for its emblematic teddy bear — filed a civil suit against Puerto Rican businesses and individuals for allegedly selling counterfeits of its products, the U.S. District Court in San Juan issued a combined $925,000 in fines against 37 defendants in the case.
Puerto Rico’s capital, San Juan, is one of this year’s 35 winners of this year’s “100 Resilient Cities Challenge,” joining a network created by The Rockefeller Foundation last year, organizers announced Wednesday during a summit in Singapore.
OFG Bancorp was added to the Standard & Poor’s SmallCap 600 after the market close on Tuesday, S&P Dow Jones Indices announced.
Avnet Technology Solutions, an operating group of Avnet, Inc. announced Wednesday the expansion of its Latin America and Caribbean relationship with Oracle from Brazil, Chile, Mexico and Puerto Rico to also include Venezuela, as well as bolstered offerings in Puerto Rico, where Oracle Software is already available.
Bankruptcy filings dropped by 6.3 percent in November, when a total of 771 cases were filed, in comparison to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico on Tuesday.
Popular Inc. announced Tuesday its banking subsidiary, Banco Popular de Puerto Rico, received the prestigious “Bank of the Year Puerto Rico for 2014” award from The Banker, an international banking magazine published by The Financial Times.
Puerto Rico Department of Education officials announced Monday the start of a $15 million technological upgrade program that aims to improve the infrastructure for Internet connectivity at the island’s 1,384 schools over the next five years.
Puerto Rico’s “Great Recession,” as is the case with any complex phenomena, is not without its own myths.
The Puerto Rico Insurance Commissioner’s Office announced Monday the availability of a mobile app that offers users assistance with the required documentation needed to file an insurance claim in case of an accident.
Kmart marked its 55th anniversary on the island by unveiling a commemorative mural and announcing a $10,000 donation to the Puerto Rico Museum of Art to further the local arts sector and the Santurce community.
The Parador Combate Beach has invested some $300,000 in the past four years in energy efficiency technology — including solar panels and equipment — to cut its reliance on Puerto Rico’s energy grid and reduce its costs through alternative power sources, hotel officials said recently.
More than 25 business leaders gathered to share their strategies in the face of the economic challenges Puerto Rico is experiencing, pointing out four specific issues that jump out under current conditions.
Liberty Puerto Rico donated $165,000 to eight community organizations, resulting from its 18th annual Liberty Golf Invitational Tournament, company executives announced late last week.
Belcorp, a multinational direct sales company within the cosmetics and beauty products, has been recognized as the world’s fifth best company to work by the “Great Places to Work” Institute.
Nine local trade organizations representing contractors, mechanics, architects and engineers, among others, raised a collective red flag of concern over the looming possibility of a shutdown of the Puerto Rico Highway and Transportation Authority, saying it would be “chaos” and would leave hundreds of workers on the street during the holiday season.
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