Executives named at Open Mobile, GDB
February 17, 2015
Wireless carrier Open Mobile and the Government Development Bank named new executives recently, to fill high-ranking posts within their respective operations.
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SBA launches LINC, new online matching tool
February 17, 2015
The Small Business Administration has launched a first-of-its-kind tool on the federal agency’s website that will allow entrepreneurs looking for a small business loan to get matched with an SBA lender.
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The Mall of San Juan adds 5 more retailers to tenant mix
February 16, 2015
Five more retailers have added their names to the roster of tenants moving into The Mall of San Juan and will be making their Puerto Rico debuts when the luxury shopping center opens Mar. 26, mall operator Taubman Centers Inc. revealed late last week.
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New $19.4M construction project slated for Old San Juan
February 16, 2015
Old San Juan's urban topography is about to undergo a slight tweaking over the next couple of years.
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S&P cuts Puerto Rico’s GO bonds to ‘B’ from ‘BB’
February 13, 2015
Standard & Poor's Ratings Services pushed Puerto Rico’s general obligation rating further into junk Thursday when it lowered it 'B' from 'BB,’ with a negative outlook.
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‘Taste of Rum’ to mark more than 450 years of tradition
February 13, 2015
The sixth annual edition of the “Taste of Rum” is returning Feb. 28 to celebrate the industry’s 450-year history in Puerto Rico.
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Flower sales drop, but still in demand for Valentine’s
February 13, 2015
With Valentine’s Day less than 24 hours away, millions of people will say, “I love you” with flowers. Last year, Puerto Ricans spent about $6 million on blooms from Colombia, one of the world’s largest flower exporters, a government spokesman for that country said Thursday.
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Ex-NYC Mayor Giuliani to speak at Investment Summit
February 13, 2015
Former New York City Mayor and President of Giuliani Partners, Rudy Giuliani, will act as keynote speaker at the 2015 Puerto Rico Investment Summit, slated for Feb. 26-27 at the Puerto Rico Convention Center.
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Gov. talks Treasury overhaul, submits tax reform bill
February 12, 2015
Gov. Alejandro García-Padilla announced Wednesday the restructuring of the Puerto Rico Treasury Department, as well as offered details of the administration’s proposed tax reform expounded in a 1,400-page bill submitted at the Legislature late in the day.
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Fitch: ‘Next few months will be critical’ for Puerto Rico
February 12, 2015
Credit ratings agency Fitch Ratings said Wednesday it believes that there are significant challenges ahead for Puerto Rico as it pursues initiatives necessary to maintain a credit profile commensurate with its 'BB-' general obligation junk rating.
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Mycogen Seeds opens new $60M research facility
February 12, 2015
Mycogen Seeds Puerto Rico Corporation, a wholly owned subsidiary of The Dow Chemical Company and an affiliated company of Dow AgroSciences, opened its new $60 million seed research and development facility in Salinas on Wednesday.
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SBA loans up 66% in Puerto Rico, USVI in 1Q15
February 12, 2015
The U.S. Small Business Administration approved 165 loans for $26.9 million in Puerto Rico and the U.S. Virgin Islands during the first three months of fiscal year 2015, an 11 percent and 66 percent increase, respectively, over first-quarter approvals in 2014.
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UBS closing Guaynabo branch, consolidating in Hato Rey
February 12, 2015
UBS Financial Services Inc. will be closing its Guaynabo branch and consolidating the operation with its Hato Rey headquarters effective Feb. 20, the company announced Wednesday.
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ATH network donates $10K to 2 nonprofits in San Juan
February 12, 2015
The Red ATH, Puerto Rico’s main electronic payments and ATM network offered by EVERTEC, recently gave $5,000 each to nonprofits Hogar Ruth and Casa de Niños Manuel Fernández Juncos, collected through its “Share a positive message during Christmas” campaign.
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The House, Wine, Beer & More store opens in Condado
February 12, 2015
The House, Wine, Beer & More, a 6,200 square-foot haven for wine, beers and spirits lovers will open in the Condado sector of San Juan today, to offer more than 1,000 wines and sparkling wines of different wine regions and hundreds of beers and spirits from around the world, company executives announced.
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