Caribbean Business articles from July 1991

Caribbean Business archives from July 1991

Digging up Puerto Rico's underground economy. (Cover Story)
July 25, 1991... Digging up Puerto Rico's underground economy A quiet revolution is taking place these days at the Puerto Rico Treasury Department (Hacienda) - one that is likely to bring in new tax revenues to Hacienda. Better said, it's a process that...

Venevision negotiates to acquire WAPA-TV.
July 25, 1991... Venevision negotiates to acquire WAPA-TV CARIBBEAN BUSINESS has learned that Venevision, Venezuela's television consortium, is negotiating with General Electric Capital Corp. of Puerto Rico (GE Capital) to buy WAPA-TV, Channel 4, for an...

BanPonce to acquire New Jersey loan firm. (Spring Financial Corp.)
July 25, 1991... BanPonce to acquire New Jersey loan firm BanPonce Corp., the holding company that owns Banco Popular de Puerto Rico, is the process of acquiring Spring Financial Corp., a New Jersey-based consumer finance company with 20 branches...

F.W. Woolworth gets sued for $12 million.
July 25, 1991... F.W. Woolworth gets sued for $12 million Empresas Puertorriquenas de Desarrollo Inc., managing company of Mayaguez Mall Inc., has filed a $12 million lawsuit against F.W. Woolworth Co. The lawsuit accuses Woolworth of unreasonable restraint...

Lloyd's may not cover Caguas officials. (Lloyd's of London; Caguas Central Federal Savings Bank)
July 25, 1991... Lloyd's may not cover Caguas officials CARIBBEAN BUSINESS has learned that the insurance consortium Lloyd's of London does not intend to cover the former officers and directors of Caguas Central Federal Savings Bank against regulatory...

Bristol-Meyers Squibb's new drug approved. (Monopril)
July 25, 1991... Bristol-Meyers Squibb's new drug approved The Federal Drug Administration recently approved the use of Monopril (fosinopril sodium), a new drug from Bristol-Meyers Squibb. According to Juan J. Acevedo, pharmaceutical division general...

GDB to construct $40 million headquarters. (Government Development Bank for Puerto Rico)
July 25, 1991... GDB to construct $40 million headquarters The Government Development Bank for Puerto Rico (GDB) will develop a $40 million headquarters across from its present office in the Minillas Governmental Center, on a seven-acre lot owned by the GDB...

Fomento will close 3 offices on mainland. (Puerto Rico Economic Development Administration)
July 25, 1991... Fomento will close 3 offices on mainland The Puerto Rico Economic Development Administration (Fomento) is planning to close its offices in Atlanta, Boston and Dallas, CARIBBEAN BUSINESS has learned. The closing of the offices is part of a...

Hacienda tightens debt collection process. (Puerto Rico Department of Treasury)
July 25, 1991... Hacienda tightens debt collection process In addition to the steps being taken by the Commonwealth government to shrink the island's underground economy, as indicated in this week's cover story, it is also moving to collect more vigorously...

Chase completes sale of branches to Roig. (Chase Manhattan Bank; Roig Commercial Bank)
July 25, 1991... Chase completes sale of branches to Roig Humacao-based Roig Commercial Bank reached an agreement last week with Chase Manhattan Bank to acquire eight of the latter's nine branches in Puerto Rico, as anticipated by CARIBBEAN BUSINESS on June...

Ponce Federal: finally turing the corner? (Ponce Federal Bank F.S.B.)
July 25, 1991... Ponce Federal: finally turning the corner? By most indications, Ponce Federal Bank F.S.B. appears to have turned the corner. The $1.2 billion-asset thrift institution reported last week that it earned $56,317 during the second quarter...

Five Policoop officers accused of fraud. (Police Savings and Loan Cooperative)
July 25, 1991... Five Policoop officers accused of fraud The Puerto Rico Justice Department filed charges last week against five former officials of the Police Savings and Loan Cooperative (Policoop) in connection with an alleged $30 million fraud scheme....

Dual-Lite expands Naguabo operations. (Dual-Lite Manufacturing Inc.)
July 25, 1991... Dual-Lite expands Naguabo operations Dual-Lite Manufacturing Inc., a leading maker of mergency lighting and exit signs used in electrical construction, is expanding its manufacturing operations in Puerto Rico. Dual-Lite recently added...

ICI to make generic of Tenormin here. (Imperial Chemicals Industries PLC)
July 25, 1991... ICI to make generic of Tenormin here Britain's Imperial Chemicals Industries plc (ICI) will manufacture Atenolol, a generic version of one of its best-selling cardiac medications, in Puerto Rico for distribution on the U.S. mainland. ...

Galeria San Patricio wins public favor. (shopping mall)
July 25, 1991... Galeria San Patricio wins public favor In the five months since its opening, Galeria San Patricio has become a favorite among women, not only from the Caparra and Guaynabo areas but from the entire metropolitan San Juan area and out on the...

Crown Plaza Hotel to open Aug. 1. (Holiday Inn Crown Plaza hotel)
July 25, 1991... Crown Plaza Hotel to open Aug. 1 The new Holiday Inn Crown Plaza hotel in Isla Verde has not yet opened and already its owners are considering expanding the new hotel, according to information received by CARIBBEAN BUSINESS. Tampa-based...

Summer occupancy rates disappoint hoteliers.
July 25, 1991... Summer occupancy rates disappoint hoteliers Puerto Rico's hotel industry is still struggling with the effects of the recession afflicting the U.S. mainland as occupancy rates continue on a downward trend for the seventh consecutive month....

La Princesa to become tourist attraction.
July 25, 1991... La Princesa to become tourist attraction The Old San Juan construction project to turn the former La Princesa jail property - where the Puerto Rico Tourism Company's offices are located - into a major tourism attraction in time for the...

Costa Isabela on hold for enviro-studies. (resort awaits environmental studies required by Department of Natural Resources)
July 25, 1991... Costa Isabela on hold for enviro-studies Nearly a year after groundbreaking ceremonies were held for the $1.2 billion Costa Isabela resort, the project's developers are still awaiting completion of the environmental studies required by the...

In-depth media study reveals P.R. trends. (survey of consumer trends in Puerto Rico)
July 25, 1991... In-depth media study reveals P.R. trends In response to the increasing concern of advertisers regarding the effectiveness of their large media investments, Badillo/Saatchi & Saatchi Advertising conducted a media mix study to discern the...

TV stations gear up for election coverage.
July 25, 1991... TV stations gear up for election coverage Puerto Rico's 1992 gubernatorial and the U.S. presidential elections might be more than a year away, but local television stations are gearing up to run yet another race - the special election...

Eco-tourism project planned in Guanica.
July 25, 1991... Eco-tourism project planned in Guanica The Conservation Trust of Puerto Rico and the Department of Natural Resources (DNR) have purchased the 163-acre land area called Bahia Ballena in Guanica for $1.7 million. Their purpose is to prevent...

Commissioner penalizes 2 insurance agents. (Puerto Rico insurance commissioner Miguel A. Villafane)(Jose Baldrich Jr. Inc.; Formal Insurance Agency Inc.)
July 25, 1991... Commissioner penalizes 2 insurance agents Puerto Rico Insurance Commission Miguel A. Villafane recently emitted cease-and-desist orders against insurance agents Jose Baldrich Jr. Inc. and the Formal Insurance Agency Inc. for paying referral...

Construction subcontractors.
July 25, 1991... CONSTRUCTION SUBCONTRACTORS Steel, electrical, mechanical and other contractors play a vital role in Puerto Rico's construction industry. These firms generated more than $400 million in sales last year. Most construction subcontractors...

Kelly Services among most solid in U.S.
July 25, 1991... Kelly Services among most solid in U.S. Kelly Services Inc., one of the largest U.S. temporary help firms, was recently recognized as one of the country's strongest companies by CFO, a magazine for senior financial executives. The magazine...

P.R. firm on Business Week's Top 100 list. (Right Associates, Puerto Rican firm)
July 25, 1991... P.R. firm on Business Week's Top 100 list Right Associates, traded under the name Right Management Consultants, was recently named by Business Week magazine as one of America's 100 best small companies. Ana Francisca Bauza, managing...

Puerto Rico dairy industry is looking better than ever before.
July 25, 1991... Puerto Rico dairy industry is looking better than ever before The dairy industry in both Puerto Rico and the States celebrated Fresh Milk in June. Although the U.S. milk industry is facing tough times, Puerto Rico's industry is looking...

Guaynabo landfill hearings to end Aug. 2.
July 25, 1991... Guaynabo landfill hearings to end Aug. 2 Public hearings for the proposed solid waste landfill in Guaynabo, which are being held by the Natural Resources and Environmental Committee of the House of Representatives, will be completed...

936 privatization rules called restrictive.
July 25, 1991... 936 privatization rules called restrictive WASHINGTON - Proposed regulations for Section 936 loans to privatization projects in the Caribbean Basin Initiative (CBI) countries are too restrictive, Puerto Rico and Jamaica told the Internal...

House approves $2M for St. Croix bypass.
July 25, 1991... House approves $2M for St. Croix bypass WASHINGTON - The Virgin Islands received a "going away present" from House Majority Whip Bill Gray (D., Pa.) in the form of $2 million for initial work on the Christiansted bypass in St. Croix,...

PRTC education fund bills before Senate. (Puerto Rico Telephone Company)
July 25, 1991... PRTC education fund bills before Senate In a recent Senate hearing, Fabio Garcia Matienzo, executive director of the Puerto Rico Telephone Authority (PRTA) and president of Puerto Rico Telephone Company (PRTC) and other subsidiaries,...

Top 10 business leaders on Puerto Rico selected for 1991.
July 25, 1991... Top 10 Business Leaders of Puerto Rico selected for 1991 This year, once again, the readers of CARIBBEAN BUSINESS have selected 10 individuals who exemplify excellence in both their professional achievements and community involvement. ...

Leasing industry. (Industry Profile)
July 25, 1991... LEASING INDUSTRY The leasing industry in Puerto Rico is going through a transitional period at the moment. Several of the leading leasing companies on the island are still adjusting to the change of ownership they have undergone in...

New environmental law firm sets up shop. (Martinez-Lorenzo opens in Hato Rey)
July 25, 1991... New environmental law firm sets up shop A new law firm, specializing, in environmental law, has established itself on the island. The Martinez-Lorenzo law firm, headed by Patricio Martinez-Lorenzo, began operating on July 1 in Hato Rey. ...

Sea-Land to start U.S.-Venezuela service. (Sea-Land Service Inc.)
July 25, 1991... Sea-Land to start U.S. - Venezuela service Sea-Land Service Inc. has entered a cooperative agreement with Venezuelan Container Line CA. (VCL) to provide weekly shipping service between the U.S. mainland and Venezuela. Named...

Wal-Mart casts a shadow of concern upon P.R. retailers. (Wal-Mart Stores Inc. heats up competition in Puerto Rico's retail industry as it opens series of department stores)
July 18, 1991... Wal-Mart casts a shadow of concern upon P.R. retailers The highly-competitive retail industry in Puerto Rico is bracing itself for the first of a series of shock waves Wal-Mart is expected to cause with the opening of a giant department...

China business venture to use P.R. as hub. (Chinese business enterprises expand to the Caribbean area, using Puerto Rico as its trading and financial hub)
July 18, 1991... China business venture to use P.R. as hub CARIBBEAN BUSINESS has learned of a major effort under way by the government of China to expand some of that country's business enterprises to the Caribbean and Latin America, using Puerto Rico as...

Japanese firm plans to build resort here. (Shingow & Etow Development plans resort in Dorado, Puerto Rico)
July 18, 1991... Japanese firm plans to build resort here Shingow & Etow Development, a Monterey, Calif.-based Japanese resort development firm, has plans to build a 300-acre resort in Dorado that will include a 500-room hotel, 200-unit condominium and a...

P.R. Telephone Co. president resigns post? (Fabio Garcia Matienzo, Puerto Rico Telephone Co. president)
July 18, 1991... P.R. Telephone Co. president resigns post? Fabio Garcia Matienzo, president of the Puerto Rico Telephone Co. for the past two years, reportedly submitted his resignation. Garcia has been directing the telephone company since the departure...

P.R. to host InterAmerican Trade Conference. (Puerto Rico)
July 18, 1991... P.R. to host InterAmerican Trade Conference Puerto Rico will be this year's host of the InterAmerican Trade Conference, to be held Nov. 1-5 at the Caribe Hilton Hotel. The main speaker of the activity could be U.S. President George Bush....

New Eastern to emerge from ashes of old. (Airline Acquisition Corp. creates new airline out of remaining assets of bankrupt Eastern Airlines)
July 18, 1991... New Eastern to emerge from ashes of old A private development corporation is attempting to create a new airline out of the remaining assets of the bankrupt Eastern Airlines. The company, Airline Acquisition Corp.(AAC), is seeking to...

936 program expected to overcome setback. (discontinuation of federal guarantees of 936 loans in the Caribbean to have negative consequences)
July 18, 1991... 936 program expected to overcome setback The decision by the U.S. government to discontinue federal guarantees of 936 loans in the Caribbean, while described by analysts as a setback, is not expected to harm the lending program...

Wait & see attitude prevails on GDB choice. (skepticism hounds Jose Berrocal's capability to handle presidency of Government Development Bank for Puerto Rico)
July 18, 1991... Wait & see attitude prevails on GDB choice The choice of Jose Berrocal to replace Ramon Cantero Frau as president of the Government Development Bank for Puerto Rico (GDB) has become somewhat of a mystery appointment in Hato Rey's financial...

Lehman to handle Plaza del Caribe bonds. (Lehman Brothers to handle Empresas Fonalledas' bonds)
July 18, 1991... Lehman to handle Plaza del Caribe bonds The bonds to finance the construction of Ponce's Plaza del Caribe mall will now be underwritten by a group of local investment banks led by Lehman Brothers. In a highly unusual move, the mall's...

Earnings increase at three local banks. (First Federal Savings Bank; BanPonce Corp.; Banco Central Corp.)
July 18, 1991... Earnings increase at three local banks First Federal Savings Bank reported a net income of $2.7 million or $.52 per share for the second quarter ended June 30, as anticipated by CARIBBEAN BUSINESS nearly a month ago. BanPonce Corp.,...

Wal-Mart founder propels firm to no. 1 slot. (Sam Walton)
July 18, 1991... Wal-Mart founder propels firm to No. 1 slot Behind the extraordinarily successful operations of Wal-Mart Stores Inc., there is a 73 year-old man, Sam Walton, who established the first store 29 years ago of what, today, is the largest retail...

Sam's Club to open in Caguas in mid-1992. (Caguas, Puerto Rico)
July 18, 1991... Sam's Club to open in Caguas in mid-1992 Caguas will be the home of the projected 130,848-square-foot Sam's Club, which is scheduled to open in the spring of 1992. According to an industry analyst, the Puerto Rico store is expected to sell...

Pizza Chef vending machine on the way. (Super Snack Technologies Ltd. to bring Pizza Chef Vending Machine to Puerto Rico)
July 18, 1991... Pizza Chef vending machine on the way A pizza vending machine? Yes that's the local vending machine industry's newest product. The Pizza Chef Vending Machine, manufactured in Pennsylvania, is making its entry to the Puerto Rico market. The...

French investors study P.R. business. (French minister Jean-Daniel Tordjman visits Puerto Rico to study business opportunities)
July 18, 1991... French investors study P.R. business Last week, Jean-Daniel Tordjman, French minister and chief of services for the economic expansion of France in the U.S., visited Puerto Rico to study local business opportunities for potential French...

Grande to sell only locally produced eggs. (Grande Supermarkets)
July 18, 1991... Grande to sell only locally produced eggs Last week, Atilano Cordero Badillo, president of Empresas Cordero Badillo, announced that, from now on, Grande Supermarkets will only sell locally produced eggs. This is the first formal effort by a...

Ports Authority spends $85M on cruise piers. (Puerto Rico Ports Authority)
July 18, 1991... Ports Authority spends $85M on cruise piers The Puerto Rico Ports Authority will invest more than $85 million over the next five years to renovate and build new pier facilities for cruise ships docking in the Port of San Juan. The new...

Delta on road to becoming top U.S. airline. (Delta Air Lines)
July 18, 1991... Delta on road to becoming top U.S. airline Delta Air Lines' bid to acquire several routes and aircraft from Pan American World Airways could push it into the No. 1 slot as the nation's largest airline, according to Clive Banfield, Delta's...

P.R. Planning Board looks toward 2005. (Puerto Rico Planning Board plans to hold 2004 Olympic Games in Puerto Rico)
July 18, 1991... P.R. Planning Board looks toward 2005 The Puerto Rico Planning Board has been holding a series of private meetings with construction industry leaders to get a feeling for their concerns regarding future developments on the island, problems...

Fajardo Partners get $11M loan. (Royal Bank of Canada grants loan to Fajardo Partners S.E.)
July 18, 1991... Fajardo Partners get $11M loan Royal Bank of Canada provided Fajardo Partners S.E. a $11 million interim loan for the construction of Fajardo Plaza, a shopping center that will feature as its major tenant a Wal-Mart Store, the largest...

Health Plus has asthma prevention program. (Health Plus Inc.)
July 18, 1991... Health Plus has asthma prevention program Health Plus Inc. recently announced the development of an asthma prevention program in response to the high cost of health containment and the increasing number of hospital admissions and deaths due...

Insurance company penalized. (Insurance Company of Florida)
July 18, 1991... Insurance company penalized Miguel A. Villafane, Puerto Rico's insurance commissioner, recently emitted an order penalizing the Insurance Company of Florida for $5,400. The company has been asked to submit evidence that would prove it...

Human resources firms. (Industry Profile)
July 18, 1991... HUMAN RESOURCES FIRMS As rapidly developing technology plays a larger role in the workplace, experts continue to predict that machines will eventually replace people in performing various jobs. The reality is, however, that to date these...

Interleaf Americas markets software in P.R. (Puerto Rico)
July 18, 1991... Interleaf Americas markets software in P.R. Because of the increasing use of Interleaf software in Puerto Rico, the electronic and documentation systems company is working harder than ever to establish more contacts that would eventually...

NCR System 3125 notepad reads handwriting. (product announcement)
July 18, 1991... NCR System 3125 notepad read handwriting NCR recently released on the market its System 3125, the first level of the NCR System 3000 family of general purpose computers. The 3125 System is a notepad, with a special pen, that is capable of...

San Juan to be 'affordable housing' site. (San Juan, Puerto Rico)
July 18, 1991... San Juan to be |affordable housing' site WASHINGTON - San Juan is one of 11 cities selected as affordable housing program demonstration sites by the National Association of Realtors (NAR) and U.S. Conference of Mayors (USCM). A...

P.R.'s asbestos problem could be gone in 5 years with removal. (asbestos removal industry in Puerto Rico)(Asbestos Management: Environmental Issues)
July 18, 1991... P.R.'s asbestos problem could be gone in 5 years with removal Asbestos removal does not make the headlines much these days but it is still going in Puerto Rico. "We have 75 people working with asbestos but we used to have a lot more," said...

Eight laboratories on island do 60% of environmental testing. (environmental laboratories)(Asbestos Management: Environmental Issues )
July 18, 1991... Eight laboratories on island do 60% of environmental testing Environmental issues are complicated, interrelated and seemingly endless. To be able to measure and to comply with environmental standards in air, water, solid waste, hazardous...

Underground storage tank industry regulated by law since 1988. (Asbestos Management: Environmental Issues)
July 18, 1991... Underground storage tank industry regulated by law since 1988 The manufacture, installation and closure of underground storage tanks is now a regulated industry. In fact, since 1988, every new underground storage tank (UST) facility must be...

Asbestos removal is important business in Puerto Rico today. (Asbestos Management: Environmental Issues)
July 18, 1991... Asbestos removal is important business in Puerto Rico today Years ago, the use of asbestos was the latest advancement in industry. Today, asbestos has become one of mankind's nightmares due to the harmful effects with which this material...

Arecibo Medical Center enters Chapter 11. (Arecibo Community Health Care Inc.)
July 18, 1991... Arecibo Medical Center enters Chapter 11 Arecibo Community Health Care Inc., which does business as the Arecibo Medical Center, recently filed for Chapter 11 bankruptcy. The medical center, which is also known as Cayetano Coll y Toste...

Telemundo creates new marketing division. (television station)
July 18, 1991... Telemundo creates new marketing division Seeking alternative sources of revenue and to effectively combat a steady drop in television advertising, Telemundo WKAQ-TV/Channel 2, has created a new position, vice president of strategic planning...

Miguel Venta. (Who's News)
July 18, 1991... Miguel Venta Miguel Venta is now a partner in the audit department. Venta holds a master's degree in business administration (MBA) from the University of Michigan. He is a certified public accountant, member of the Puerto Rico Society of...

Edgardo Sanabria. (Who's News)
July 18, 1991... Edgardo Sanabria Edgardo Sanabria has been admitted as a partner in the tax department. Sanabria is the secretary of the board of directors of the Camara de Comerciantes Mayoristas. He is also the treasurer of the board of directors of the...

GDB chairman announces resignation. (Government Development Bank for Puerto Rico chairman, Ramon Cantero Frau)
July 18, 1991... GDB chairman announces resignation The chairman of the Government Development Bank for Puerto Rico (GDB), Ramon Cantero Frau, last week announced his resignation, effective July 31. He is to be replaced in the post he is vacating by Jose...

Jose Berrocal to occupy post left by Cantero. (Government Development Bank for Puerto Rico chairman, Ramon Cantero Frau)
July 18, 1991... Jose Berrocal to occupy post left by Cantero Jose Berrocal, the incoming chairman of the Government Development Bank, is widely described as brilliant, hardworking and ambitious. He will be the fourth person to occupy the post during the...

!Ole! Okay? Spanish-Only rapidly becoming Spanish-Maybe. (Commonwealth Government backs away from supporting bill making Spanish the sole official language of Puerto Rico)(includes related article on professionals seeking exemption from bill)
July 11, 1991... Four months after Gov. Rafael Hernandez Colon signed the bill that made Spanish the sole official language of Puerto Rico, the Commonwealth government is quietly backing away from supporting it through the granting of innumerable exemptions....

Government looks to expropriate property. (Puerto Rico government's plan to take over the Condado Hotel Partnership S.E.'s property to expand parking spaces)
July 11, 1991... The Puerto Rico government is considering the possibility of expropriating the Condado property adjacent to the Dupont Plaza Hotel in order to add needed parking spaces for the hotel's expansion, according to local government officials. The...

Santander offers $400,000 for First Service. (Banco Santander of Spain offers to buy First Service Corp. from the Resolution Trust Corp.)
July 11, 1991... Spain's Banco Santander has offered $400,000 to acquire First Service Corp. from the Resolution Trust Corp. (RTC), the federal agency that manages and sells failed savings banks and their assets. The offer has been approved by the RTC's...

Arthur Young loses anti-competitive case. (now known as Ernst & Young; case filed against Virgilio Vega)
July 11, 1991... Judge Gilberto Gierbolini of the P.R. Superior Court in San Juan issued a key decision last month that is likely to affect nearly all professions in Puerto Rico. The case involved a lawsuit by the accounting firm Arthur Young & Co. (now...

Maderas Alfa, Mateco sue Garcia Comercial. (suit seeking payment for materials bought by Metro Hardware & Lumber Co. Inc. doing business as Garcia Comercial)
July 11, 1991... Maderas Alfa Inc. and Mateco have each filed lawsuits with the Superior Court in San Juan against Metro Hardware & Lumber Co. Inc. (doing business as Garcia Comercial), Garcia Comercial Mayaguez Inc., Tempus Fugit Inc., Victory Realty Inc.,...

R&G Federal continues to rack up gains. (increased earnings of R&G Federal Savings Bank)
July 11, 1991... If there is one thrift institution in Puerto Rico that epitomizes how savings banks on the island have bounced back from the 1988- 1990 thrift crisis, it is R&G Federal Savings Bank, which continues to rack up impressive gains. While...

1st Fed step closer to capital. (loan from Banco Popular de Puerto Rico makes First Federal Savings Bank one step closer to full capital compliance)
July 11, 1991... First Federal Savings Bank moved one step closer to full capital compliance late last month, when it borrowed from Banco Popular de Puerto Rico the $35 million needed to complete a critical transaction with the Federal Deposit Insurance Corp....

Frito Lay single-serving cracker debuts. (new bite-size cheddar cheese crackers in single-serving bags)
July 11, 1991... The local market has been dominated by crackers packaged in party-size or family-size boxes but Frito Lay hopes to change all this soon, with "a new cracker that cracks you up." The company has recently launched new bite-size cheddar...

Quaker Oats revamps, varies farina products. (Quaker Puerto Rico Inc. makes farina with cinnamon microwaveable)
July 11, 1991... When a product category matures, it must evolve or otherwise it perishes. Such is the case of Quaker Oats of Puerto Rico, which recently placed a microwaveable hot cereal -- farina with cinnamon -- on the local market. The original idea...

Construction begins on medical building. (Empresas Tamayo's medical office building project)
July 11, 1991... Construction of a $5 million medical office building on Pavia Street in Santurce is underway. Pavia 411 -- which is both the buildings' name and address -- has two floors for offices with a common area/mall and an underground parking garage...

Pepe sues firms for counterfeiting. (Pepe U.K. Ltd. and Pepe Clothing USA Inc. sues several T-shirt wholesalers, retailers and manufacturers in Puerto Rico for copyright and trademark infringement)
July 11, 1991... Pepe (U.K.) Ltd. and Pepe Clothing (USA) Inc. have filed six lawsuits with the U.S. District Court for the District of Puerto Rico against several T-shirt wholesalers, retailers and manufacturers in Puerto Rico for infringement of registered...

Bella International now No. 2 in P.R. (Puerto Rico's second-largest automobile dealership) (company profile)
July 11, 1991... What started out 28 years ago as a small motorcycle distributor is today Puerto Rico's second-largest auto dealership and one of the largest auto distributors on the island. Bella International was established in 1963, when the firm...

Puerto Rico Communications Corp. links up. (integrates telephone services with Puerto Rico Telephone Company)
July 11, 1991... A year after its acquisition by the Puerto Rico Telephone Authority, the Puerto Rico Communications Corporation (PRCC) is putting the finishing touches on the integration of its services with those of Puerto Rico Telephone Company (PRTC)....

MicroAge offers new IBM system. (IBM Personal System/2L40 SX on the Puerto Rico market)
July 11, 1991... MicroAge recently placed the IBM Personal System/2 L40 SX on the Puerto Rico market. The 386X computer from IBM operates with battery power that lasts up to three hours or can be used with an electric adapter. The PS/2 provides the same...