Top Local News Headlines

These are the top local news stories from News is my Business for Saturday, December 10, 2016.

CEO: FirstBank making strides despite economic woes

Published 9 December 2016, 5:05 am
Puerto Rico’s second-largest bank, FirstBank, wrapped up 2016 with significant growth both locally and across its markets in the U.S. Virgin Islands and Florida, and is looking ahead to more advances in 2017, CEO Aurelio Alemán said Thursday. Read More →

Nestle’s Café by Chip franchise to enter P.R. market

Published 9 December 2016, 5:04 am
When yogurt meets coffee and cake, you get a crowd or the latest franchise concept to hit the island. Read More →

New aerospace center opens at UPR-Mayagüez

Published 9 December 2016, 5:03 am
Infotech Aerospace Services (IAS) and the University of Puerto Rico in Mayagüez announced Thursday the creation of an Aerospace Center through a $115,000 donation from the company. Read More →

Fitch assigns 1st-time ‘B+’ rating to Liberty Cablevision

Published 9 December 2016, 5:02 am
Fitch Ratings has assigned a Long-Term Foreign Currency Issuer Default Ratings (IDRs) of 'B+ to Liberty Cablevision of Puerto Rico LLC (LCPR). Read More →

Popular Community Bank unveils enhanced NY branches

Published 9 December 2016, 5:01 am
Popular Community Bank, a subsidiary of Popular Inc., announced Thursday the continuation of its Retail Network Transformation initiative with the newly digitally transformed Popular Community Bank branch at 164 East 116th Street in East Harlem, New York City. Read More →

Saborea Puerto Rico Winter Party returns Dec. 15

Published 9 December 2016, 5:00 am
The Caribbean’s most important gastronomic/culinary event, Saborea Puerto Rico, returns with its Christmas edition, the Saborea Puerto Rico Winter Party, to be held Dec. 15 at the Sheraton Puerto Rico Convention Center District Hotel. Read More →

Harbormaster Development looks to build $10M marina

Published 8 December 2016, 5:03 am
Hopes of expanding Puerto Rico’s boating industry could get a buoyant lift with the planned construction of a new, $10 million marina. Read More →

Metropistas invests $2.8M in LED lighting for highways

Published 8 December 2016, 5:02 am
With an investment of more than $2.8 million metropistas, the company in charge of the operation and maintenance of the PR-22 and PR-5 highways, has replaced the lights of the lighting system of both roads with the new LED technology, the company announced Wednesday. Read More →

Access Latina opens 2nd round of financing cohort

Published 8 December 2016, 5:01 am
Access Latina, a business acceleration platform for Latina-owned firms headquartered in Florida, New York, Massachusetts, Texas, Washington, D.C., and Puerto Rico, launched its second cohort to compete for a chance at more than $100,000 in capital and resources for latinas to grow their businesses. Read More →

El Mesón Sandwiches to open 2 stores at LMM airport

Published 8 December 2016, 5:00 am
El Mesón Sandwiches will open two stores at the Luis Muñoz Marín International Airport in Carolina, through an investment of $1.6 million and a partnership with Management Group Investors, the companies announced Wednesday. Read More →

Scientific Games lands $132M electronic lottery contract

Published 7 December 2016, 5:02 am
Scientific Games Corp. announced Tuesday it has landed an eight-year contract with the government of Puerto Rico to run the electronic lottery, known as “Lotería Electrónica.” Read More →

Casino Metro unveils P.R.’s ‘largest roulette’ at airport

Published 7 December 2016, 5:01 am
Looking to promote the island as a gaming destination, and boost activity at its property, the Casino Metro at the Sheraton Convention Center Hotel unveiled Tuesday the “largest roulette” in Puerto Rico and the Caribbean, at the Luis Muñoz Marín International Airport. Read More →

Liberty launches new video product ‘U-Pick’

Published 7 December 2016, 5:00 am
Liberty Puerto Rico has launched a new video product called U-Pick, which allows customers to choose their favorite programming by combining groups of channels that appeal to their interests. Read More →

Lawyers: UBS hit with $18M FINRA arbitration verdict

Published 6 December 2016, 5:03 am
UBS Financial Services Inc. and UBS Financial Services Inc. of Puerto Rico were slammed with an $18 million arbitration verdict by the Financial Industry Regulatory Authority released Monday, legal firm Sonn and Erez PLC confirmed in a statement. Read More →

Studies: PREPA’s proposed rate hike is economy killer

Published 6 December 2016, 5:02 am
The rate hike that the Puerto Rico Electric Power Authority and its bondholders are proposing would further erode the island’s economy and set back its recovery, members of the island’s private sector claimed Monday. Read More →

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