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FDIC pushes Doral for plans, warns bank ‘significantly undercapitalized’
Issued: October 1, 2014
The Federal Deposit Insurance Corporation (FDIC) is pushing the “significantly undercapitalized” Doral Bank to submit a capital restoration plan or a...
PR banks assets, deposits drop in 2Q
Issued: October 1, 2014
Total assets at Puerto Rico’s commercial banks slid by $1.17 billion (3.4 percent) to $63.25 billion in the second quarter of 2014 on a year-over-year...
Catholic priest in PR eyed for abuse
Issued: September 30, 2014
A Roman Catholic priest in a small town in the western region of Puerto Rico is being investigated for improper conduct with a minor and has been...
Triple-S consolidates MA offerings
Issued: September 30, 2014
American Health Medicare (AHM) and Triple-S Salud will begin the October open enrollment period for Medicare Advantage (MA) with a line of products...
PR pitches ‘bridge’ to US for LatAm firms
Issued: September 30, 2014
Puerto Rico aims to be the “bridge” for companies in Latin America and Spain looking to enter the U.S. market, and that is the goal of a high-level...
Saks setting stage for PR opening
Issued: September 30, 2014
Hudson’s Bay Company (HBC) on Monday provided details on its plans to open a full-line Saks Fifth Avenue store in San Juan. The approximately 100,000...
Mi Salud talks ongoing as target passes
Issued: September 30, 2014
The Puerto Rico government is citing negotiating snags for missing a self-set deadline to name the companies that will manage its Mi Salud (Medicaid)...
PR economic index at 20-year low
Issued: September 30, 2014
A key gauge of Puerto Rico’s economy posted another drop in August, remaining in negative territory for a 22nd straight month and settling at its...
Seaborne, United launch interline accord
Issued: September 30, 2014
Puerto Rico-based Seaborne Airlines has launched a new interline agreement with United Airlines providing customers convenient connections between the...
Popular makes moves in top-level posts
Issued: September 30, 2014
Popular, Inc. announced Monday that its board of directors appointed Ignacio Alvarez as president and chief operating officer of Popular. In his role,...
AeroNet takes business to next level
Issued: September 30, 2014
In a world revolving around advanced technologies, mobile apps, streaming internet, portability and a diverse variety of new terms each day, it seems...
New life in Santurce amid PR decline
Issued: September 30, 2014
Laura Feliciano was scouting locations for a new restaurant in the Puerto Rican capital when she discovered she was priced out of the upscale...
Feds make busts in IRS fraud crackdown
Issued: September 30, 2014
Federal authorities continue to round up suspects in an ongoing crackdown on tax fraud in Puerto Rico. ...
Disney taps PR’s Don Q as ‘house rum’
Issued: September 30, 2014
Disney has tapped Puerto Rico’s Don Q, distilled by Ponce-based Destilería Serrallés, as its “house rum” for bars at Disney World and Disneyland. ...
AmEx opens corporate card office in PR
Issued: September 30, 2014
American Express Global Corporate Payments has opened its new office for the business line of corporate cards for Puerto Rico and the Caribbean within...
SBA, Science Trust in strategic alliance
Issued: September 30, 2014
The U.S. Small Business Administration and the Puerto Rico Science, Technology & Research Trust (PRSTRT) have entered a strategic alliance to help...
Uno’s shuts 3 PR locations; 2 still open
Issued: September 29, 2014
Uno Chicago Bar & Grill franchise owner Interfood Corp. has shut down its restaurants in Bayamón, Carolina and Mayagüez. ...
Governor on trip to Spain, Virginia
Issued: September 29, 2014
Gov. Alejandro García Padilla traveled to Madrid on Monday to take part in the Latin American Business Council’s (CEAL by its Spanish initials)...
Businessmen sentenced in first IVU case
Issued: September 29, 2014
Treasury Secretary Melba Acosta is touting the sentences handed down to businesses as an important step in the fight against tax evasion. ...
PR bets on Powerball revenue bounce
Issued: September 29, 2014
The Puerto Rico government is betting on a revenue bounce as the island prepares to jump into the multi-million dollar, multi-state Powerball lottery....
US awards $2.5M to UMET
Issued: September 29, 2014
Puerto Rico’s Metropolitan University is line for $2.5 million in federal funding as the Obama administration awards nearly a half-billion dollars to...
PR hotel registrations rise; numbers point to divergent PR, US economies
Issued: September 29, 2014
Puerto Rico hotel registrations edged up in fiscal 2014 even as the occupancy rate inched down. ...
OMB chief Rivas leaving administration
Issued: September 29, 2014
Office of Management & Budget Director Carlos Rivas is on his way out amid a shakeup of Gov. Alejandro García Padilla’s Cabinet. ...
Ventana al Mar undergoing upgrades
Issued: September 28, 2014
The oceanfront Ventana al Mar park and adjacent areas in the heart of the Condado are being upgraded through an alliance between the Puerto Rico...
25 PR firms become IMAGE certified
Issued: September 27, 2014
More than two dozen Puerto Rico businesses representing the automotive, retail, healthcare, restaurant, security, agriculture, food, banking and...


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