AT&T to offer Hulu subscription streaming service
May 14, 2015
AT&T and Hulu have signed a deal that will bring the subscription streaming service to the wireless carrier’s customers through AT&T’s websites and mobile applications, the companies announced Wednesday.
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García-Padilla asks for support of 13.25% VAT
May 13, 2015
Saying it “is the best option” to solve the government’s fiscal problems, Gov. Alejandro García-Padilla re-introduced Tuesday a proposal to establish a value added tax system he said would generate more than $2.5 billion in net revenue for the cash-strapped administration.
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Putney Capital, Argos buy P.R. cement terminal for $34M
May 13, 2015
Putney Capital Management, LLC announced Tuesday the acquisition of one of the main terminals for the reception, storage and distribution of cement in Puerto Rico, for $34 million.
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MIDA: Consumers cut monthly grocery spending by 14%
May 13, 2015
Puerto Rican consumers have reduced the how much they spend on monthly groceries by 14 percent, to $425 from $492, representing a major challenge to local retailers, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
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24 eateries taking part in Puerto Rico Restaurant Week
May 13, 2015
The fourth edition of the Puerto Rico Restaurant Week event, slated to take place May 27-June 3 will feature 25 local eateries that will offer pre-fixe dinner menus for $28 or $38, with options for the appetizer, entrée and dessert.
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Meet Puerto Rico predicts 53% jump in group business
May 13, 2015
Puerto Rico’s group business for this summer is starting off strong with 47 events, including, conferences, annual meetings and sports activities for this summer season Meet Puerto Rico president Milton Segarra said Tuesday.
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Treasury reports $1.3B in April revenue, is short $97M
May 12, 2015
The Puerto Rico Treasury Department revealed Monday that it shored up more than $1.3 billion in revenue for the government, but admitted it fell short by $97 million compared to estimates.
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Crowley to build $48.5M terminal in San Juan
May 12, 2015
Crowley Puerto Rico Services, Inc. announced Monday it “has further solidified its commitment to Puerto Rico” with the execution of a $48.5 million construction contract for a new pier at its Isla Grande Terminal in San Juan, along with a 30-year lease extension for the property with the Puerto Rico Ports Authority.
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Feds: Alpha Guards owes 650 guards $350K in backpay
May 12, 2015
U.S. Department of Labor Wage and Hour Division investigators found that security firm Alpha Guards Management failed to protect fair wages and benefits of 650 guards in Puerto Rico, owing them nearly $350,000 in back wages and damages.
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$9.8M DownTown Caguas project to rehab urban center
May 12, 2015
Stagione Designs and the Caguas Municipal government announced Monday a sweeping $9.8 million plan to revitalize the town’s urban center, christened as DownTown Caguas.
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USDA makes $30M available for food entrepreneurs
May 12, 2015
U.S. Department of Agriculture Secretary Tom Vilsack announced that the agency is making $30 million available to farmers, ranchers, and food entrepreneurs to develop new product lines.
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Spanish investors on mission to Puerto Rico this week
May 11, 2015
The Spanish Institute for Foreign Trade, in collaboration with the Department of Economic Development and Commerce, have organized the first mission of Spanish investors to visit this island this week, the Puerto Rico government agency announced.
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Consumer engagement is not an accident, it’s by design
May 11, 2015
In an age of ever-increasing distractions, quickly creating customer habits is an important characteristic of successful products, said Nir Eyal, the author of "Hooked: How to Build Habit-Forming Products.”
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Rincón Beach Resort joins Connect hotel collection
May 11, 2015
Rincón Beach Resort, one of the most intimate and serene oceanfront boutique properties nestled in Puerto Rico’s west coast, has become the latest addition to Preferred Hotels & Resorts’ new distinctive Connect hotel collection.
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Op-Ed: Puerto Rico’s reality distortion field
May 11, 2015
As aptly described in Walter Isaacson’s biography of Steve Jobs, this late genius of technological innovation was prone to deploying a “reality distortion field” to bend friends, foes and facts alike to his will.
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