Following a “deep analysis,” the Puerto Rico Treasury Department denied Doral Financial Corp.’s request for a refund of $230 million it claims to have overpaid in taxes, voiding an agreement struck in March 2012.
A handful of executives recently began their tenures in Puerto Rico's private sector.
The second edition of Puerto Rico Restaurant Week is underway this week, with 40 participating restaurants offering some of their best dishes to local and visiting foodies.
The Puerto Rico Chapter of the Associated General Contractors of America announced Thursday the availability of scholarships for electrical, civil and mechanical engineering students with a 3.0 or higher grade point average and economic need through the group’s Financial Assistance Program.
Two of the island’s largest private-sector trade groups, the Puerto Rico Chamber of Commerce and the CPA Society, weighed in Wednesday on the possible reasons for the $442 million revenue shortfall the Treasury Department reported for the month of April.
The Ritz-Carlton San Juan recently brought back a familiar face to helm its operations, Jacqueline Volkart, who is intent on putting the property at the forefront of preferred locations for business and pleasure travel.
Krispy Kreme will celebrate the opening of its 600th international store and its 7th in Puerto Rico this weekend in Carolina. The store is set to open May 17 by local franchise partner Caribbean Glaze Corp., company officials said Wednesday.
As part of its commitment to educating clients and provide advice beyond investing, UBS Financial Services Inc. of Puerto Rico recently held its most recent “Speaker Series” workshop, featuring high-ranking company officials who shared their insight on financial issues that are locally relevant.
Some 10,000 low- and moderate-income families residing in Puerto Rico stand to benefit from the “Ahorro Hipotecario” program, which offers mortgage-refinancing opportunities through the Housing Finance Authority, Gov. Alejandro García-Padilla said Tuesday.
Automotive sales in Puerto Rico and the U.S. Virgin Islands went into a freefall last month, when results were down 15 percent in comparison to the same month last year, the United Automobile Importers Group (known as GUIA for its initials in Spanish) informed Tuesday.
With the goal of promoting technology as an economic hub for the island, government officials representing the Chief Information Office and the Department of Economic Development and Commerce, announced Tuesday the second edition of the Puerto Rico Tech Summit, slated for June 4 at the Convention Center in Miramar.
Cemex Concretos, Inc. and Cemex de Puerto Rico, Inc. (known as CEMEX), have settled a claim filed by the U.S. Environmental Protection Agency related to violations of stormwater discharge procedures under the Clean Water Act, for which it will pay a fine and hand over land, the agency announced Tuesday.
The problems at Doral Financial Corp. continued Tuesday, when it informed the Securities and Exchange Commission that it will be unable to file its first quarter results report for the period ended Mar. 31 this week, a day after the deadline passed.
Popular Inc. announced that during its annual meeting of stockholders held Tuesday, its shareholders approved the election of the four directors nominated for election by the Board of Directors.
Sea Star Line, LLC has selected Tideworks Technology Inc., a provider of full-service terminal management and planning software solutions, to implement its suite of terminal operating system solutions at its Jacksonville, Fla. and San Juan terminals.
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