First BanCorp, parent of FirstBank Puerto Rico reported a net loss of $14.8 million for the fourth quarter of 2011, compared to a net loss of $24 million for the third quarter of 2011 and a net loss of $251.4 million for the same year-ago period in 2010.
If the results of the first quarter of the federal fiscal year are any indication, 2012 should be good for small and mid-sized business lending activity in Puerto Rico and the U.S. Virgin Islands, which is already picking up significantly in contrast to last year’s results.
With 17 years of experience in producing and distributing highly nutritious food under its belt, Happy Products is now ready to expand beyond the island’s institutional market and into the retail sector and abroad, company officials said during a news conference Wednesday.
UPS Puerto Rico customers can now use their smartphones to track packages, calculate shipping rates and find the delivery company’s nearest location following the inclusion of 35 additional countries and territories in its mobile website.
AT&T Puerto Rico will be receiving the first shipment of iPhone 4S devices, in black and white casings, this Friday, when stores will open at 8 a.m. for customers who did not pre-order Apple’s latest smartphone, company officials announced Tuesday.
Puerto Rico landed itself yet another Guinness world record Sunday, with the certification of the world’s largest cup of coffee, an 11-foot aluminum vessel that held 2,750 gallons of the aromatic beverage and served more than 50,000 people during this weekend’s Puerto Rico Coffee Expo event.
A delegation of representatives from five of the island’s biggest trade groups is headed to the Dominican Republic in November looking to boost exports through agreements with their counterparts in the neighboring island nation, the Dominican-Puerto Rican and Caribbean Entrepreneurial Alliance announced Tuesday.
Puerto Rico has made a positive movement back up the ranks of this year’s World Economic Forum's Global Competitiveness Report, by placing 35th among 142 countries. The ranking represents an improvement from last year, when Puerto Rico had fallen to the 41st spot on the list.
Puerto Rico has nabbed fifth place in the “Best adventure vacations in the USA” ranking released by U.S. News Media Group Thursday, which listed the island along with the likes of Yosemite and Yellowstone National Parks and the Grand Canyon as one of the hottest places to go for an adrenalin rush.
Puerto Rico residents in need of physical therapy services can find quality care at HealthSouth Rehabilitation Hospitals in Manatí and San Juan, which recently were ranked first and second, respectively among the chain’s 97 facilities nationwide.
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