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Top Local News Headlines

These are the top local news stories from News is my Business for Friday, October 31, 2014.

Puerto Rico’s economic activity down 1.8% in September

Published 31 October 2014, 5:03 am
Puerto Rico’s Economic Activity Index continued its free-fall in September, when according to the Government Development Bank there was a 1.8 percent year-over-year drop in the results, marking yet another month of contraction. Read More →

Administration files bill to shore up HTA’s finances

Published 31 October 2014, 5:02 am
Government Development Bank President Melba Acosta announced Thursday the filing of legislation containing measures to improve the fiscal and financial situation of the Puerto Rico Highways and Transportation Authority. Read More →

Energy Answers lands EQB final permit for Arecibo plant

Published 31 October 2014, 5:01 am
More than three years after first proposing the construction of a $750 million Resource Recovery Facility — or waste-to-energy — plant in Arecibo, Albany, NY-based Energy Answers confirmed Thursday that the Puerto Rico Environmental Quality Board of Puerto Rico granted the Air Quality Location and Construction Final Permit needed to move forward with the project. Read More →

Oriental rings NYSE closing bell to mark milestones

Published 31 October 2014, 5:00 am
José Rafael Fernández, president of OFG Bancorp and its subsidiary, Oriental Bank, headed a delegation of company employees and clients, to ring the closing Bell of the New York Stock Exchange Thursday, celebrating the bank’s 50th anniversary and the 20th anniversary of OFG Bancorp’s exchange listing. Read More →

Thousands of professionals apply for free English course

Published 29 October 2014, 5:01 am
Some 7,000 Puerto Rican professionals from a gamut of sectors applied for a Department of Education-backed free conversational English course that had only 550 spaces available, showing the need for this type of education to language skills, officials from America Aponte & Associates, the company hired to teach the classes, said Tuesday. Read More →

Service for onelinkpr.net e-mail to be discontinued

Published 29 October 2014, 5:00 am
Liberty Puerto Rico announced Tuesday that effective March 15, 2015, Google’s Google Apps ISP will stop supporting all e-mail addresses in its service, including those for the onelinkpr.net domain. Read More →

FirstBank reports $23.2M in 3Q14 net income

Published 28 October 2014, 5:03 am
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Monday net income of $23.2 million for the third quarter of 2014, or $0.11 per diluted share, compared to $15.9 million, or $0.08 per diluted share, for the third quarter of 2013. Read More →

Puerto Rico Int’l Auto Show kicks off 16th edition

Published 28 October 2014, 5:02 am
The Puerto Rico International Auto Show, a highly anticipated event by local car enthusiasts, kicked off its 16th edition at the Plaza Las Américas shopping center with an exhibit by leading motor vehicle distributors who have come together to present their 2015 models. The event runs through Nov. 3 Read More →

Puerto Rican products to take part in Miami exhibit

Published 28 October 2014, 5:01 am
A delegation of 13 Puerto Rican companies will exhibit their products at the Americas Food & Beverages Show event, which will take place Oct. 27-28 at the Miami Beach Convention Center, said Puerto Rico Trade and Export Executive Director Francisco Chévere on Monday. Read More →

Sun West closes 95% of Ciudadela mortgage loans

Published 28 October 2014, 5:00 am
Sun West Mortgage Company Inc. announced Monday it has closed 95 percent of the mortgage loans filed for apartments at the Ciudadela high-rise in Santurce. Read More →

NIMB gaining international exposure via Dow Jones

Published 27 October 2014, 1:30 pm
News is my Business, now approaching its fourth anniversary, has gained a significant international following in the last quarter, since its integration into the New York-based Dow Jones News Service. Read More →

Lawmaker sues government over restructuring reports

Published 27 October 2014, 5:03 am
Citing local and federal Constitutional rights that establish freedom of information, New Progressive Party Rep. José Enrique Meléndez filed a lawsuit against the Government Development Bank and Gov. Alejandro García-Padilla, asking the court to order them to release reports crafted by private firms proposing a restructuring of Puerto Rico’s economy. Read More →

Bahía Urbana to close ’14 with more than 100 events

Published 27 October 2014, 5:02 am
Bahía Urbana, a mixed-use entertainment venue in the San Juan Bay area, will close 2014 with more than 100 events between box office and free events for the community, and an estimated 250,000 attendees, General Manager Linnette Isona said. Read More →

Op-Ed: Puerto Rico needs a financial control board

Published 27 October 2014, 5:01 am
A renewed slide in investor confidence, on the heels of worsening economic and budgetary trends in Puerto Rico, raises the specter that in the absence of enlightened political leadership in San Juan, the U.S. Congress may soon have to establish a federal oversight board to manage the Commonwealth’s grave fiscal situation. Read More →

‘I love Puerto Rico tomatoes’ campaign takes SME win

Published 27 October 2014, 5:00 am
Integrated communications campaign “I Love Puerto Rico Tomatoes” promoting the local tomato harvest for 2014, received top awards by the Puerto Rico Sales and Marketing Association during the recently held annual Marketing Excellence Awards Summit. Read More →

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