AmEx inaugurates Puerto Rico corporate office
October 6, 2014
American Express Global Corporate Payments announced the opening of its new office for its corporate cards business line for Puerto Rico and the Caribbean at Metro Office Park in Guaynabo.
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Puerto Rico bankruptcies up 3% in Sept., 903 cases filed
October 3, 2014
A total of 903 bankruptcy cases were submitted in Puerto Rico last month, with Chapter 13 — those applicable to individuals — leading the filings that resulted in a 3 percent year-over-year increase in activity, preliminary results released by research firm Boletín de Puerto Rico showed Thursday.
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Puerto Rico Agriculture Dept. lands $524K USDA grant
October 3, 2014
The U.S. Department of Agriculture announced Thursday a round of funding to strengthen markets for specialty crops, such as fruits, vegetables, tree nuts, horticulture and nursery crops, which will benefit Puerto Rico with a $524,511 grant to the Agriculture Department.
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Puerto Rico retail sales dip 1.12% in July
October 3, 2014
Puerto Rico’s retail activity saw a slight dip in July, when activity was down 1.12 percent to $3.10 billion, from the $3.14 billion reported for the same month in 2013, figures released by Puerto Rico Trade and Commerce showed Thursday.
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Puerto Rico Supplies Group expands farmers network
October 3, 2014
With an investment of more than five $5 million, Puerto Rico Supplies Group announced Thursday a partnership with a farmers network on the island to boost production of and create jobs.
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Puerto Rico Treasury Dept. unveils revamped website
October 3, 2014
The Puerto Rico Treasury Department unveiled Thursday its redesigned website, to among other things, promote “greater transparency and easier access to information and services,” agency Secretary Melba Acosta said.
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FDIC: Doral ‘significantly undercapitalized;’ stock plunges
October 2, 2014
Doral Financial Corp.’s stock plunged nearly 25 percent Wednesday after disclosing it had received a warning by Federal Deposit Insurance Corp. that it falls within its “significantly undercapitalized” category.
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EDB gets 46 new loan requests through new web app
October 2, 2014
A little over month after implementing an online service that enables citizens to interact with the agency in new ways, the Economic Development Bank for Puerto Rico said Wednesday it has received 46 applications for business loans, of which 32 are corporate applications and 14 applications for individual operations.
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Treasury: Sept. sales and use tax collections up 8.5%
October 2, 2014
Last month's Sales and Use Tax revenue, which includes transactions made in August, totaled $124.2 million, the highest level for a month of September since the SUT was implemented in November 2006, the Treasury Department said Wednesday.
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FCC levies $25K fine against San Juan telecom operator
October 2, 2014
The Federal Communications Commission on Wednesday disclosed it has issued a $25,000 fine against CMARR Inc., a San Juan-based telecommunications operator for “willfully interfering with Federal Aviation Administration weather radar[s]” by operating unlicensed radio transmitters.
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FirstBank joins Food Bank’s ‘Mochila Alegre’ program
October 2, 2014
In Puerto Rico, 56 percent of children live in families that suffer from food instability, according to 2011 data from the National Council of La Raza.
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SBA accepting ’15 National Small Biz Week nominations
October 2, 2014
The U.S. Small Business Administration Puerto Rico District Office announced Wednesday that SBA’s online portal is ready to accept nominations for its 2015 National Small Business Week Awards, including the annual Small Business Person of the Year award.
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Call for researchers a ‘success,’ says Science Trust
October 1, 2014
The recent call by the Puerto Rico Science, Technology and Research Trust, for local researchers to opt for grants in various areas generated “great enthusiasm” among scientists and researchers from the island, to the point that 234 letters of intent received exceeded the projected amount the entity expected to receive by 200 percent.
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Study: Puerto Ricans find ‘acceptable work/life balance’
October 1, 2014
Puerto Rican employers apparently are doing a pretty good job of promoting a work/life balance among their workers, according to recent research from Kelly Services, a provider of workforce solutions with operations in San Juan.
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Seaborne, United announce interline agreement
October 1, 2014
Seaborne Airlines announced Tuesday the introduction of a new interline agreement with United Airlines providing customers connections between the networks of both air carriers.
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