Puerto Rico Telephone seeking sanctions against OneLink
August 15, 2013
Puerto Rico Telephone has asked a federal judge to impose a penalty against OneLink Communications in the latest chapter of a legal battle unleashed about two years ago when the San Juan operator tried to block the telephone carrier from breaking into the island’s cable market.
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Doral Financial loses $10.4M in 2Q13
August 15, 2013
Doral Financial Corporation, which has operations in Puerto Rico and the U.S. mainland, reported Wednesday a net loss of $10.4 million for the three months ended June 30, 2013.
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Puerto Rico highway 22 ‘dynamic toll lane’ opens today
August 15, 2013
Starting today users driving along Puerto Rico highway 22, commonly known as the José De Diego Expressway, will be able to use the new dynamic toll lanes that will run between the Buchanan and Toa Baja toll stations, operator Metropistas said.
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Puerto Rican chefs to take part in Miami culinary fest
August 15, 2013
Four renowned Puerto Rican chefs have been invited to take part in this weekend’s “Pilón, Caldero y Fogón” culinary fest in Miami, organizers said Wednesday.
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Doral Financial informs SEC of delay in 2Q13 report
August 13, 2013
Doral Financial Corp. informed the Securities and Exchange Commission Monday that it was unable to timely file its report for the quarter ended June 30, 2013 because of “a delay in the preparation of its unaudited consolidated financial statements for such quarter.”
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‘Practical Techie’: A new business model for newsprint
August 13, 2013
A common diatribe these days is that the Internet has broken the newspaper business model.
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Puerto Rico engineers trade group elects new president
August 13, 2013
Engineer Edgar I. Rodríguez-Pérez became the new president of the College of Engineers and Surveyors of Puerto Rico, succeeding Angel González-Carrasquillo, who will conclude his two-year term on Aug. 30th.
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Former Martha Stewart exec opening San Juan store
August 12, 2013
Aaron Stewart, a former high-ranking executive at Martha Stewart Living Omnimedia, is set to make his debut in retail with the upcoming opening of a home goods store in San Juan.
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Parranda.org co-founder featured in ‘Americas Quarterly’
August 12, 2013
Puerto Rican entrepreneur Antonio Sosa-Pascual has been recognized as a “civic innovator” in the summer 2013 issue of “Americas Quarterly,” a policy analysis and debate magazine published by the Americas Society and Council of the Americas, based in New York City.
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Seminar slated on impact of Puerto Rico tax code changes
August 12, 2013
The Made in Puerto Rico Educational Institute of the Puerto Rico Products Association will offer a seminar titled “Impact of the changes to Puerto Rico’s tax system on your business,” which aims to provide guidance on the recently enacted changes to the island’s tax code and their impact on local companies.
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AT&T invests $40M in Puerto Rico in 1st half of ’13
August 9, 2013
During the first half of 2013, AT&T has invested more than $40 million in its wireless and wired networks in Puerto Rico, to complete the deployment of new macro cell sites and capacity enhancements across the island as part of its Project Velocity IP initiative — a three-year investment plan announced last fall to expand and enhance its IP broadband networks.
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Caguas Fuddruckers takes chain’s 1st ‘Certified Training Designation’
August 9, 2013
Texas-born fast casual chain Fuddruckers announced Thursday it has bestowed the company’s first Certified Training Designation distinction to the Caguas location, led by franchisee Max Olivera, and vice president of Áperations, Carlos Alvarez, of Puerto Rico-based Caribbean Investment Group Corp., which operates five restaurants throughout the island in addition to two other locations.
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Dispute boils over to split Bebo’s Cafe into Basilia’s
August 8, 2013
A dispute involving money and the terms of a lease has unraveled a long-standing business partnership in San Juan's food industry and in its aftermath, a popular restaurant will split into two distinct eateries separated, as Berlin once was, by a wall.
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Puerto Rico Power Authority closes $673.1M bond issue
August 8, 2013
On its first trip to the market in over a year, the Puerto Rico Electric Power Authority completed a $673.1 million municipal bond deal.
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Treasury still reviewing 7% of tax returns with refunds
August 8, 2013
Puerto Rico Treasury Department officials confirmed Wednesday that the agency is still reviewing 7 percent of all tax returns claiming a refund.
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