Puerto Rico’s 1st Olive Garden breaks global sales record
November 13, 2014
More than 150,000 people sat down for an Italian meal at Puerto Rico’s first Olive Garden restaurant during its first three months of operations, shattering world records for the chain worldwide, franchisee Restaurant Operators Inc. said Wednesday.
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Claro, Sony Mobile launch Xperia Z3, Xperia Z3 Compact
November 13, 2014
Wireless carrier Claro and tech company Sony Mobile announced Wednesday the introduction of two new devices into the Puerto Rico market: the Xperia Z3 and the Xperia Z3 Compact.
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AT&T upgrades 15 cell sites in St. Thomas, St. Croix
November 13, 2014
AT&T announced Wednesday it has upgraded 15 St. Croix and St. Thomas cell sites to expand 4G LTE coverage and capacity for customers.
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Horizon Lines exiting Puerto Rico market by year’s end
November 12, 2014
Fifty-six years after it began offering cargo services between Puerto Rico and the U.S. mainland, Horizon Lines Inc. announced Tuesday that it would cease providing liner service by the end of 2014, citing “continuing losses without the prospect of future profitability.”
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Meet Puerto Rico names hotelier Hopgood to head Board
November 12, 2014
The Board of Directors of Meet Puerto Rico announced Tuesday the appointment of hotelier Peter Hopgood as chairman.
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Puerto Rico car sales mark 9th month of decline in Oct.
November 11, 2014
Motor vehicle sales in Puerto Rico skidded into their ninth month of steady decline in October, when activity declined by 19.7 percent year-over-year, the United Automobile Importers Group revealed Monday.
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Italian accessory shop Campo Marzio to open in Dec.
November 11, 2014
Campo Marzio, an Italian retailer with more than 80 years in business and more than 90 stores worldwide, will open its first shop in Puerto Rico, at the Plaza Las Américas shopping center in December.
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Telecom Board launches tech workshops for seniors
November 11, 2014
Puerto Rico Telecommunications Regulatory Board President Javier Rúa-Jovet announced Monday the start of a series of free workshops to provide digital education to the island’s senior citizen population residing in 33 towns.
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Lender Moneyhouse gets Ginnie Mae issuer approval
November 11, 2014
The Money House Inc., a full service mortgage lender, announced Monday it has received approval to be a Ginnie Mae issuer for the GNMA I and II single-family mortgage-backed securities program and Home Equity Conversion Mortgage-Backed Security.
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Popular completes sale of 3rd U.S. mainland region
November 11, 2014
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its California regional operations to Banc of California, National Association a wholly owned subsidiary of Banc of California Inc.
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Op-Ed: Puerto Rico, the sum of its parts
November 10, 2014
Puerto Rico’s economic situation raises serious questions about the capacity of policymakers to get it under control.
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Analysts debate Puerto Rico debt crisis at Brookings seminar
November 7, 2014
WASHINGTON — More than 100 people crammed into a conference room at one of Washington’s most prestigious think tanks Thursday to hear three experts dissect what exactly caused Puerto Rico’s worsening debt crisis and how to fix it.
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Cable & Wireless to buy Columbus International for $3B
November 7, 2014
Cable and Wireless Communications PLC announced Thursday it has reached a conditional agreement to acquire Columbus International Inc.
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SBA loan program hits lending record in FY 2014
November 7, 2014
The U.S. Small Business Administration’s 7(a) Loan Program reached another lending record in FY 2014, SBA Administrator Maria Contreras-Sweet announced Thursday.
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OFG Bancorp selected to Barron’s 400 Index
November 7, 2014
OFG Bancorp announced Thursday it has been selected to be included in the 2014 Barron’s 400 Index. The index, jointly developed by Barron’s Magazine and stock research firm MarketGrader, measures the performance of the most fundamentally sound and attractively priced stocks.
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