Local News

Top Local News Headlines

These are the top local news stories from News is my Business for Tuesday, December 10, 2013.

Puerto Rico bankruptcies soar 20% in November

Published 10 December 2013, 5:09 am

Bankruptcy filings skyrocketed in November, when a total of 823 cases were filed, representing a whopping 20 percent increase when compared to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico. Read More →

Puerto Rico must ‘unleash tourism potential’ to compete

Published 10 December 2013, 5:08 am

Given world tourism trends, Puerto Rico needs to focus on new markets, such as Germany, Japan, China, and the United Kingdom, to find success in a highly competitive sector and lure tourists to its shores, to be able to reduce its reliance on other industries. Read More →

EVERTEC launches sale of 15M shares of common stock

Published 10 December 2013, 5:07 am

San Juan-based transaction processing firm EVERTEC Inc. announced Monday the start of an underwritten public offering of 15,287,473 shares of its common stock by an affiliate of Apollo Global Management, LLC, Popular Inc., and certain company officers and employees. Read More →

Claro continues to expand its 4G LTE network

Published 10 December 2013, 5:06 am

Telecommunications provider Claro Puerto Rico announced Monday the expansion of its 4G Long-Term Evolution (LTE) network to nine more municipalities in Puerto Rico, totaling 18 new additions in just seven weeks. Read More →

SBA, INTENE partner to serve northeast region small biz

Published 10 December 2013, 5:05 am

The U.S. Small Business Administration and the Technology Initiative of the Northeast have entered a strategic alliance, through which the federal agency will expand its reach to more potential entrepreneurs, and further promote Puerto Rico’s economic development, SBA District Director Yvette T. Collazo announced Monday. Read More →

Bankers Assoc. helps educate on keeping holiday budget

Published 10 December 2013, 5:04 am

The Puerto Rico Bankers Association recently launched the third edition of its holiday season educational campaign “This Christmas Season: Enjoy. Share. Save” campaign, through which it seeks to provide consumer advice on how to maximize financial resources during the holiday shopping season, while helping them avoid an excessive level of debt. Read More →

Challenger Brass & Copper invests $1M to expand

Published 10 December 2013, 5:03 am

Challenger Brass and Copper Inc., a Toa Baja company dedicated to the commercialization and distribution of copper, brass, bronze, stainless steels and aluminum, announced Monday plans to invest $1 million on equipment and machinery to establish a copper parts manufacturing line. Read More →

Toyota Foundation grants $75K to environmental groups

Published 10 December 2013, 5:02 am

As part of its commitment to contribute to the island’s environmental causes, Toyota Foundation celebrated the 16th edition of its environmental program grants, awarding $75,000 to Puerto Rican organizations that stand out for their efforts to benefit the environment. Read More →

Artisans reap $200K during Puerto Rico Craft Fair

Published 10 December 2013, 5:01 am

The fifth edition of the Puerto Rico Craft Fair drew about 10,000 people to the Convention Center this weekend to support the work of more than 250 artisans, who reported sales exceeding a combined $200,000. Read More →

Nissan launches smartphone app to support drivers

Published 10 December 2013, 5:00 am

Automaker Nissan announced Monday the launch of its “Roadside Assistance” smartphone application, which gives support to Nissan owners in Puerto Rico during unexpected situations. Read More →

Puerto Rico economic index stuck in negative growth

Published 9 December 2013, 10:54 am

Following what can only be called an attempt to avoid the unavoidable, the Government Development Bank finally posted the Economic Activity Index — with weeks of delay — for the months of September and October, revealing results that keep Puerto Rico in negative territory for the 11th consecutive month. Read More →

Red Mango yogurt chain to open 5 stores in Puerto Rico

Published 9 December 2013, 10:28 am

Red Mango, one of the fastest-growing retailers of all-natural nonfat and low fat frozen yogurt and fresh fruit smoothies, is expanding to Puerto Rico with plans to open five stores in the next six months, through a $1.5 million investment that will create 75 jobs, company officials announced Monday. Read More →

Puerto Rico/DR ferry cruises into 3rd year with big plans

Published 9 December 2013, 5:05 am

America Cruise Ferries is entering its third year of operations as the only maritime connection between Puerto Rico and the Dominican Republic with major plans, including the possibility of upgrading the vessel it uses for the thrice-weekly trips, a high-ranking company executive told this media outlet. Read More →

Meet Puerto Rico’s ‘Dial & Smile’ spurs $81M in leads

Published 9 December 2013, 5:04 am

Meet Puerto Rico’s sales staff recently secured nearly 100 group business bookings that will generate nearly 60,000 room nights for the island’s meeting and convention sector, the nonprofit destination management organization announced. Read More →

APER hosting forum on renewable energy challenges

Published 9 December 2013, 5:03 am

The Association of Renewable Energy Producers will host Tuesday a forum focusing on industry issues and the challenges the sector faces in Puerto Rico related to infrastructure, pricing and economic matters. Read More →

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