A day after the Securities and Exchange Commission absolved two of its top Puerto Rico financial advisors of charges of misleading or defrauding customers, UBS Financial Services looked to clear the air with its client base through an extensive letter in which it addressed a number of public allegations regarding its recent business practices.
Puerto Rico’s retail sales were down 3 percent year-over-year in July — the most recent statistic available for the sector — when some $2.94 billion in activity was reported.
Several Puerto Rican government officials will be heading to London this week to promote the island as a potential hub for insurance companies.
The Puerto Rico Bankers Association and the New York Federal Reserve Bank announced Thursday the open call for the fifth edition of the “Puerto Rico Financial Awareness Video Contest 2013.”
AT&T’s diversity, community programs, and work with minority-owned businesses make the company a great place to work according to Hispanic Business Inc., which recently named it the “Best Company for Diversity.”
Startups of Puerto Rico held its first Puerto Rican start-ups presentation to investors in New York City Wednesday, which group officials said expressed an interest in the projects that were unveiled.
FransGlobal, owners of the Taco Maker franchise in Puerto Rico, plans to open two Origami Sushi restaurants on the island in 2014, marking the entrance of the new chain to the island.
The Puerto Rico Treasury Department disclosed Monday first quarter revenue of $1.69 billion, a figure that represents a year-over-year increase of $88 million, or 5.4 percent, and exceeded budget estimates for this period by $10.4 million, agency chief Melba Acosta said.
Various publications have recently highlighted Puerto Rico’s economic troubles as reflected in the municipal bond market.
Looking to promote the island as a world-class tourism destination, Senators Antonio Fas-Alzamora and Angel Rodríguez-Otero, along with Puerto Rico Tourism Company Executive Director Ingrid Rivera, announced Sunday the proposed celebration of the island’s 1st International Tourism Fair in about a year.
September is hunger awareness month and with that in mind, Walmart Puerto Rico recently donated a refrigerated truck to the Puerto Rico Food Bank, a nonprofit organization founded in 1988 to meet the food needs of socioeconomically disadvantaged children, the sick and needy.
The U.S. Commerce Department’s National Telecommunications and Information Administration this week awarded a $1.4 million grant to Puerto Rico under the State and Local Implementation Grant Program to help in planning for the island’s First Responder Network Authority, known as FirstNet.
The purchase of the long-shuttered Normandie Hotel by the Texas-based Interra Capital Group represents the company's first hotel property acquisition, said an executive close to the transaction.
The South Florida/Caribbean Council of the Urban Land Institute, a global nonprofit committed to providing leadership in responsible, sustainable and inspired real estate development, announced its 7th Annual Vision Awards last week, when the Dorado Beach, a Ritz-Carlton Reserve, was named “Project of the Year,” one of only two projects given this honor in 2013.
Ford Motor Company’s sales in Puerto Rico and the U.S. Virgin Islands increased in August by 4 percent over last year, led by a successful launch of the new Ford Fiesta, the automaker said recently.
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