Caribbean Business articles from March 1992

Caribbean Business archives from March 1992

Deficit fever. (Puerto Rico looks for additional sources of revenue because of budget deficit) (Column)
March 5, 1992... Faced with a budget deficit of nearly $340 million, which by law must be this year, the Puerto Rico government has embarked on a desperate mission to generate additional revenues through new and increased taxes. The latest target in this effort...

P.R. auto sellers propose flat sales tax. (Puerto Rico)
March 5, 1992... New, used car dealers agree on fixed-rate consumer sales tax on all imports based on retail sale price of each unit For the first time, local automobile dealers of both new and used imported units have joined forces to propose to the...

Rovira Biscuit plans $12M investment.
March 5, 1992... Company to build new manufacturing facilities in Ponce; new plant will create 40 jobs when it opens in mid-1994 Rovira Biscuit Corp. is planning to invest $10 million to $12 million to build a state-of-the-art production facility in Ponce....

De Diego Hospital files for Chapter 11.
March 5, 1992... Hospital owes money to several Commonwealth govt. agencies and federal unemployment taxes to Internal Revenue Service De Diego Hospital, which does business as Medetex Corp., recently filed for reorganization under Chapter 11 protection in...

Court orders Rubbermaid to honor pact. (distribution contract with Newell Puerto Rico Ltd.)
March 5, 1992... Federal Judge Jose A. Fuste has granted a preliminary injunction forbidding Rubbermaid from terminating a 1968 distributorship agreement with Newell Puerto Rico Ltd. "We now grant a preliminary injunction enjoining Rubbermaid from...

BBDO, Gonzalez Grandi begin joint venture. (BBDO Puerto Rico)
March 5, 1992... BBDO Puerto Rico has begun a one-year joint venture with Gonzalez Grandi Inc., one of the island's biggest integrated marketing services companies. This association will add approximately $1.5 million to the advertising agency's annual...

First Financial, Catano Fed deal said near. (First Financial Caribbean Corp. and Catano Federal Savings Bank's merger plans)
March 5, 1992... Sources tell CARIBBEAN BUSINESS that First Financial Caribbean Corp. may reach a final agreement as early as next week to acquire the $17 million-asset, one-branch Catano Federal Savings Bank. If so, the acquisition will first have to be...

First Federal restrictions may be lifted. (First Federal Savings Bank)
March 5, 1992... Federal regulators may lift in coming days the commercial lending restrictions that were placed on First Federal Savings Bank nearly two years ago, according to sources. The restrictions were imposed as a result of losses in the bank's...

Regulation 3582 threatens to burden economy. (deregulation of banks' interest rates)
March 5, 1992... Local banking regulators may have given a boost to the economy by deregulating interest rates on the island. But they may be in the process of engineering the opposite effect with the 5% lending requirement that was added to Regulation 3582 and...

Clearing away confusion on Regulation 26-A. (deregulation of banks' interest rates)
March 5, 1992... After a week of mad confusion over Regulation 26-A, the island's banking industry has settled down and now appears to be universally implementing the deregulation of local interest rates decided upon two weeks ago by the Commonwealth Finance...

Tax amnesty's results surprise everyone.
March 5, 1992... Surprise, surprise. The tax amnesty completed its term last Friday surpassing everyone's expectations. Collections during the last couple of days were described as stunning even by the most optimistic officials of the Puerto Rico Treasury...

$7M Fomento fund will stimulate research. (Puerto Rico Economic Development Administration)
March 5, 1992... The Puerto Rico Economic Development Administration (Fomento) recently announced details of a proposal to stimulate and finace, along with local universities and industries, research and development (R&D) projects on the island. The program...

ICI completes 2nd phase of Guayama plant. (ICI Pharmaceuticals P.R. Inc.)
March 5, 1992... I ICI Pharmaceuticals P.R. Inc., the local manufacturing subsidiary of British chemicals giant Imperial Chemical Industries PLC, will inaugurate the second phase of it $60 million bulk pharmaceuticals production facility in Guayama today. ...

Interstate gears up for Parque Escorial. (Interstate General Company L.P.'s construction project)
March 5, 1992... Earth moving procedures scheduled to begin late this year; construction of $1 billion project slated for mid-1993 Interstate General Co. L.P. is scheduled to begin earth moving at the Parque Escorial mixed-use project on the grounds of the...

Domenech says his regime makes a difference. (Puerto Rico Tourism Company executive director Miguel A. Domenech)
March 5, 1992... Tourism Company director says employment sector enriched, outside proposals honored, integrated to agency's policy Miguel A. Domenech, executive director of the Puerto Rico Tourism Company, held a press conference last week to defend his...

Small island hotels good tourism investment. (Puerto Rico's tourism industry)
March 5, 1992... As CARIBBEAN BUSINESS reported on Feb. 20, 1992, Puerto Rico's tourism industry has had a difficult time trying to develop large resort and hotel projects. Tight financing, bureaucratic delays in obtaining permits and lack of support from the...

Two shopping centers to debut in Cupey. (Las Vistas Shopping Village and Galeria Paseos)
March 5, 1992... Las Vistas, 70% pre-leased, on time for September opening; Galeria Paseos, still acquiring permits, planned by 1994 Developers are pressing toward the opening of two sizeable shopping malls in the Cupey area - Las Vistas Shopping Village and...

Congress studies shipper's declaration bill. (U.S. Congress)
March 5, 1992... The U.S. Congress is soon expected to approve a bill which will require importers and exporters to file a declaration at the time of shipping merchandise and when it reaches its port of destination. The new requirements are expected to go into...

EPA chief visits P.R. to talk environment. (U.S. Environmental Protection Agency Administration William Reilly)
March 5, 1992... William Reilly, Administrator of the U.S. Environmental Protection Agency (EPA) in Washington, is visiting Puerto Rico for the first time since he became of the agency. Reilly's main purpose in coming to Puerto Rico is to participate in a...

P.R. municipalities could get $145 million. (Puerto Rico)
March 5, 1992... Head of lobbying firm urges Puerto Rico mayors to support economic stimulation package okayed by House subcommittee WASHINGTON - Puerto Rico's municipalities could receive an estimated $145 million for public works projects under an...

Landing site of Columbus to be dedicated. (creation of a national park at Salt River Bay in St. Croix)
March 5, 1992... Bush signs law creating national park at Salt River Bay in St. Croix, were discoverer of Americas landed in 1493 WASHINGTON - Plans are being made for the dedication of the site on St. Croix where Christopher Columbus landed as the newest...

Michaelangelo computer virus strikes IBMs.
March 5, 1992... Symantac's Norton AntiVirus rescues PCs from infection; anti-viral feature safeguards daily as system operates The same technological progress that has lent sophistication to computer systems has also given birth to viruses that affect...

Wang's Imaging system reduces paperwork. (Wang Computers Inc.; lesser need for paper with use of imaging technology)
March 5, 1992... Such businesses as insurance, mortgage firms, government agencies lessen need for paper trail with this technology Wang has been aggressively marketing its Imaging products. Imaging is open architecture that complies with the standards set by...

There's still a long way to go. (Industrias Avicolas de Puerto Rico president Antonio Alvarez' crusade for increased local production of chicken) (Top 10 Business Leaders of Puerto Rico 1991)
March 5, 1992... The recent relocation of Industrias Avicolas de Puerto Rico's metropolitan San Juan offices to the new Interstate General Building in Hato Rey is a sign of Industrias Avicolas' continuing success and expansion. But according to Antonio "Tono"...

Physical fitness centers. (Industry Profile) (Industry Overview)
March 5, 1992... No longer solely the province of body builders, today's fitness centers serve health-oriented members from all walks of life Several years ago, the physical fitness craze had almost everyone doing some sort of exercise. Fitness centers boomed...

Venture capital is one way to reduce tax burden retroactively. (Income Tax planning)
March 5, 1992... Most Puerto Rico residents may not know this, but an investment in one of Puerto Rico's venture capital funds is one of only two investments that can be made between now and the April 15 tax filing deadline and still be applied toward reducing...

Final phase of tax reform ends deduction of consumer interest. (Tax Reform Act of 1987) (Income Tax planning)
March 5, 1992... If you thought all those credit purchases you made last year would mean a deduction for you when filing income tax forms this year, you may have to think again. The third and final phase of the Tax Reform Act of 1987 has been implented....

AT&T introduces new telephone equipment. (American Telephone and Telegraph Co.'s Merlin Legend and Partner II systems) (Product Announcement)
March 5, 1992... Merlin Legend and Partner II systems allow small, medium firms to create affordable phone, fax, video image network Puerto Rico recently saw the debut of some new AT&T lines of business equipment for small to medium businesses - the Merlin...

Bristol-Myers Squibb launches MUM Roll-on. (Product Announcement)
March 5, 1992... Product off to flying start in P.R. with $500,000 campaign by Foote, Cone & Belding in press, magazines, POP displays Bristol-Myers Squibb, recognized worldwide for its personal care and health products, recently launched its anti-perspirant...

HAAS Inc. client roster gets hefty fast. (Hispan Associates Advertising Services)
March 5, 1992... Agency reports $2M in capitalized billings for last year; seven new accounts sign on recently, more wait in wings HAAS Inc. (Hispan Associates Advertising Services), a young and growing advertising agency in Puerto Rico, seems to be on a...

Passenger airlines. (losses leads to collapse of major airlines) (Industry Profile) (Industry Overview)
March 5, 1992... It is no secret that the past 18 months have made up the worst period in the history of the airline industry. Losses amounting to more than $3 billion led not only to the collapse of three major carriers, it also led another three airlines...

Fantasy prevails among American political leaders. (National Outlook) (Column)
March 5, 1992... WASHINGTON - One of the ironies of the 20th century, a century more stewed on politics than any in history, is that at its end it has so few gifted political leaders left. Political operators and world savers have entered every nook and cranny...

Excess executive pay is symptom of larger problem. (lack of stable ownership and daring, visionary management in American businesses) (National Outlook) (Column)
March 5, 1992... The Securities and Exchange Commission's (SEC) recent ruling that shareholders may vote on executive pay could help turn things around for U.S. business - although at the moment, most stockholders don't care. Oh sure, growing numbers of...

Outplacement industry progressing rapidly. (Industry Overview)
March 5, 1992... Despite the recession, some industies are having their best years ever. Among these industries, outplacement stands out. Outplacement firms are those contracted by the current employer to teach employees job-seeking skills and frequently secure...

The heavy cost of labor legislation. (includes related article on motivational benefits) (Column)
March 12, 1992... Who bears the burden? In Puerto Rico, it's against the law to pay employees by check -- or in any form other than cash. Although the law is almost universally violated, it is one example of how labor legislation here is out of touch with...

F.M. Industries to produce Saudi uniforms. (Saudi Arabia's military uniforms)
March 12, 1992... Estimated $7.6M contract with Saudi Arabia plus 2 pending contracts of $6.8M could create 310 jobs in Sabana Grande F.M. Industries Inc., a Puerto Rico apparel manufacturer, has signed a letter of intent on a contract to manufacture...

Number of February bankruptcies matches '91.
March 12, 1992... For second consecutive month cases have leveled out; Chapter 13 shows only increase, 3.1% more than last year The total number of bankruptcies filed with the U.S. Bankruptcy Court in Puerto Rico during the month of February remained stable...

Namic is negotiating purchase of Novoste. (Namic U.S.A. Corp.; Novoste Puerto Rico Inc.)
March 12, 1992... Public company interested in small-diameter catheter line; Novoste will develop angioplasty and wound healing devices Namic U.S.A. Corp., a publicly traded (NASDAQ NUSA) maker of single-use medical products, is negotiating a possible...

Special partnership approvals tightened. (Puerto Rico Treasury Department)
March 12, 1992... Hacienda said to be tougher on new applications in lieu of amendments still pending; court action contemplated The Puerto Rico Treasury Department (Hacienda) has tightened considerably its approvals of applications for special partnerships...

HUD announces funds and training program. (Department of Housing and Urban Development)
March 12, 1992... Program grants funds to organizations and groups to help convert public housing to low-cost privately owned homes The Federal Department of Housing and Urban Development (HUD) is offering funds and training opportunities through the...

Long-term rates threaten U.S. recovery. (Puerto Rico's economy indirectly affected)
March 12, 1992... P.R. not as directly affected as mainland by rigidly high rates, but island recovery hurting indirectly nonetheless Perplexing. Uncertain. These words are normally detested in financial markets, and today is no exception, since they...

Venezuelan entity next P.R. offshore bank. (Banco Progreso International of Puerto Rico)
March 12, 1992... Banco Progreso International of Puerto Rico is about to make its debut. This brother of Venezuela's Banco Progreso is slated to become the island's sixth offshore bank in coming days, as anticipated by CARIBBEAN BUSINESS last November. The...

Munoz Mendoza proposes single tax on 936. (Senator Victoria Munoz Mendoza's tax plan for 936 companies)
March 12, 1992... When Sen. Victoria "Melo" Munoz Mendoza spoke last week of her plan to restructure the way 936 companies are taxed, executives of the island's financial industry were deeply troubled by the news. The feared proposal being quietly cooked up...

PaineWebber expands two divisions in P.R. (Puerto Rico)
March 12, 1992... PaineWebber Inc. of Puerto Rico, already the island's largest investment banking and brokerage firm, is aiming for an even bigger piece of the pie. With the paint on PaineWebber's new AIG Plaza offices barely dry, the firm's president,...

ICI announces $10M expansion in Guayama. (ICI Pharmaceuticals)
March 12, 1992... British drug market ICI Pharmaceuticals last week announced a $10 million expansion of its recently inaugurated bulk pharmaceuticals manufacturing plant in Guayama. Speaking at the inauguration ceremony of the $60 million plant, Sir Denys...

Hopes grow that Arochem will reopen here.
March 12, 1992... Bank group seeks buyer or processor for its P.R. refinery; 14 groups show interest in restarting Penuelas operations A Chase Manhattan Bank-led group of banks, which includes the Government Development Bank for Puerto Rico (GDB), is trying...

First program to market Caribbean drafted. (Caribbean Community's program)
March 12, 1992... Caricom heads of government, private sector pledge their support to collective tune of $15M for first year's thrust Details of the first program to advertise and market the Caribbean Region were reviewed during the recent Caribbean...

Margo Farms Del Caribe sued by Florida bank. (First Union Bank of Florida)
March 12, 1992... First Union Bank of Florida files lawsuit with Bayamon Superior Court in effort to collect $3.6M loan to Margo The Florida-based First Union Bank of Florida has filed a lawsuit with the Bayamon Superior Court against Margo Farms Del Caribe...

Auto sales company withdraws bankruptcy. (Good Luck Auto Sales)
March 12, 1992... Good Luck Auto files Chapter 11 on Feb. 27 but, next day, court approves withdrawal, all to solve financial dispute On Feb. 27, Good Luck Auto Sales filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code listing more than $2...

Veryfine aims lawsuit at Colon Brothers. (Veryfine Products Inc.)
March 12, 1992... Veryfine Products Inc., the Massachusetts-based firm, has filed a complaint with the U.S. District Court for the District of Puerto Rico against locally owned Colon Brothers Inc. for infringement on federally registered trademarks, false...

Navieras says it is not planning to leave P.R. (Puerto Rico)
March 12, 1992... The Puerto Rico Maritime Shipping Authority (PRMSA) denied that Navieras, the Commonwealth government-owned shipping company, is transferring all of its operations from Puerto Rico to Tampa, Fla. in an attempt to cut costs. "Some of the...

Union rejects runaway plants regulations. (Oil, Chemical and Atomic Workers International Union)
March 12, 1992... Regulations were proposed by former Secretary of State Colorado to keep plants on mainland from going to P.R. WASHINGTON -- The Oil, Chemical and Atomic Workers International Union (OCAWIU) rejected regulations proposed by former Puerto...

P.R. municipalities request federal funds. (Puerto Rico)
March 12, 1992... U.S. Conference of Mayors report of Ready to Go projects states 110 public works projects would cost $164,967,327 WASHINGTON -- Puerto Rico municipalities are requesting $108,518,485 in federal funds for 111 public works projects which...

Solid Waste Authority braces for new rules. (Solid Waste Management Authority)
March 12, 1992... Since 1990, the Puerto Rico Solid Waste Management Authority (SWMA) has been working on a plan to upgrade its solid waste management and disposal system in compliance with federal regulations enacted last year. The SWMA has now disclosed its...

New agency to regulate Puerto Rico telecommunications industry. (Telecommunications Regulation Commission) (Telecommunications)
March 12, 1992... The Puerto Rico Telecommunications Regulatory Commission (CRT by its Spanish acronym) is still in the process of developing its regulations for the local telecommunications industry. According to Hiram H. Puig, president commissioner of CRT,...

Today's beepers are smaller but they have more message space. (Telecommunications)
March 12, 1992... Just as most other electronic gadgets nowadays, beepers have become smaller and more efficient over the years. The earliest model had only one feature. It would emit a sound to alert the carrier that a call had been placed. However, since...

TV phones to become available for home use.
March 12, 1992... Imagine the convenience of being able to pay your utility bills, carry out several bank transactions and send medical information to your doctor's office, all without leaving your home. This is what Integrated Service Digital Network (ISDN)...

Use of fiber optics has improved telecommunications industry. (Telecommunications) (Industry Overview)
March 12, 1992... Copper wire is definitely passe in the telecommunications industry. Nowadays all telephone companies throughout the world are striving to provide fiber-optic lines for their users, particularly in areas where the volume of calls represents...

Telecommunications provides enhancement for personal computer. (Telecommunications)
March 12, 1992... The current buzz word in many fields and especially in the computer field is enhance. The Double-day Dictionary defines the word as: to make higher or greater as in reputation, cost, beauty, quality, etc. "This is an enhancement to your...

Telecommunications infrastructure includes advanced services. (Telecommunications)
March 12, 1992... The telecommunications infrastructure, in addition to its imbedded bases, wire or fiber optic cables, satellites, switches and so on, includes service and technological advances as well. AT&T's fiber optic cable connecting Florida, the...

Urban Venture Group blends building services. (Company Profile)
March 12, 1992... New firm offers architectural expertise, space planning, project management from conceptual stage to construction The economy may be running at a slower pace these days but it did not discourage three local entrepreneurs from taking on a...

ColorVisions aids in hair color selection. (color consulting system of Clairol Inc.)
March 12, 1992... Clairol invests $200,000 in promotional activities for consulting system; West Indies & Grey is awarded account Clairol, known for more than 30 years in Puerto Rico for its hair coloring products, will invest over $200,000 in advertising...

New SmithKline Beecham drug comes to P.R. (SmithKline Beecham's SmithKline Pharmaceuticals Co.'s anti-inflammatory drug named Relafen marketed in Puerto Rico) (Product Announcement)
March 12, 1992... Relafen is non-acidic compound for treatment of arthritis with a lower risk than other such drugs of causing ulcers Relafen, a new anti-inflammatory drug recently approved by the Federal Drug Administration, was introduced to the local...

Laboratorio Clinico Borinquen expands.
March 12, 1992... Laboratorio Clinico Borinquen Inc., headquartered in Caguas, recently purchased the majority of outstanding shares of Laboratorio Las Americas Inc. in the Clinica Las Americas Building in Hato Rey. According to Maria Martinez de Pierluisi,...

Anti-Japanese rhetoric is just a scam. (Column)
March 12, 1992... When a Japanese politician says something about America or Americans, I inevitably get a request to blast them in a column. I never do. The reason is I don't care what any foreign politicians say or think about America or Americans. I don't...

Profits of innovation needed to spur U.S. economy. (Column)
March 12, 1992... If American consumers are having an anxiety attack, does that mean the recession is all in their minds? No, but that's what much of the commentary would have you believe, with talk of America traumatized at the loss of its dream or awakening...

Oracle introduces manufacturing software. (Product Announcement)
March 12, 1992... Oracle Corp. recently announced the availability of Oracle Manufacturing 3.2 Version, a new manufacturing software which is part of a complete line of the company's Enterprise Resource Planning (ERP) and Control products. This product family...

Condado in crisis: trouble in the heart of tourism. (San Juan, Puerto Rico)
March 19, 1992... Trouble in the heart of tourism Puerto Rico is putting its best face forward during 1992 and 1993 in honor of the 500th anniversary of its discovery. Cities, small towns and tourist attractions throughout the island are being spruced up at...

Pridco, Carnicon, to buy convention center. (Puerto Rico Industrial Development Co.; Carnicon Management Associates; Condado Convention Center)
March 19, 1992... Center to sell for $60M to Hotel Development Corp., joint venture of Carnival, Continental Cos., mystery investor Nearly 18 months after the collapsed sale of the Condado convention and hotel complex, the Puerto Rico Industrial Development...

DSC set to expand Aguadilla operations. (DSC Communications Corp.; Puerto Rico)
March 19, 1992... Company will add between 100 and 200 manufacturing jobs; three new products under development to be produced here AGUADILLA -- DSC Communications Corp., the Plano, Texas-based maker of digital electronic components used in the...

Group seeks to keep empire plant operating. (Empire Textile Corp.'s plant in Corozal, Puerto Rico)
March 19, 1992... A group of U.S. mainland, European and local investors is seeking to keep the Empire Textile Corp. plant in Corozal in operation, raising hopes that 417 manufacturing jobs may be saved in the area. Polo shirt manufacturing Empire Textile, a...

GDB to lend $8 million to El Conquistador. (Government Development Bank for Puerto Rico; El Conquistador Resort and Country Club)
March 19, 1992... Although government sources have released information that the Government Development Bank for Puerto Rico (GDB) will grant an $8 million loan to help cover $24 million in cost overruns at the 900-room El Conquistador Resort & Country Club,...

Sea-Land and Navieras executives meet. (Sea-Land Service Inc.; Navieras de Puerto Rico)
March 19, 1992... Sea-Land Service Inc. and the Commonwealth government-owned Navieras de Puerto Rico are taking steps to set up a joint venture company to combine some of their port and vessel operations in an effort to reduce operational costs. Juan...

Ponce Federal seeks $75 million in lawsuit. (Ponce Federal Bank F.S.B.)
March 19, 1992... Ponce Federal Bank F.S.B. has filed a lawsuit against Ramiro Colon Munoz, former chairman and chief executive officer of the thrift, and five officers seeking to recover $75 million in damages against the financial institution. The lawsuit...

Bilbao Vizcaya appoints Nelson Rodriguez. (Banco Bilbao Vizcaya de Puerto Rico) (Banking/Finance)
March 19, 1992... Bank's president, Juan A. Net, points to key role general counsel will play in expansion plans in P.R. and Caribbean Banco Bilbao Vizcaya de Puerto Rico (formerly Banco Comercial de Mayaguez) announced last week that it has named attorney...

Change to Regulation 3582 causes confusion; financial industry is still trying to figure out the new 5% lending requirement two weeks after becoming effective. (Banking/Finance)
March 19, 1992... Financial industry is still trying to figure out the new 5% lending requirement two weeks after becoming effective The island's financial industry cleared away the confusion over Regulation 26-A only to encounter more confusion over the...

Centro Cardiovascular set to open in July. (Centro Cardiovascular de Puerto Rico y el Caribe) (Medicine)
March 19, 1992... Administrative offices will be moved in next few weeks; much of sophisticated medical equipment already installed Centro Cardiovascular de Puerto Rico y el Caribe is entering its last development stage. The official inauguration date has...

Cardiovascular seminars 1st of kind here. (Cardiovascular Institute of Pavia Hospital's Cardiovascular Clinical Exchanges)
March 19, 1992... The Cardiovascular Institute of Pavia Hospital recently began a series of seminars on cardiovascular diseases and related topics. The seminars, organized by Dr. Raul Garcia Rinaldi, have been titled Cardiovascular Clinical Exchanges. ...

Anaquest construction jobs to reach 500. (Anaquest Caribe Inc.'s expansion project in Guayama, Puerto Rico) (Manufacturing)
March 19, 1992... Construction employment at Anaquest Caribe Inc.'s $85 million expansion project in Guayama, now at 200 workers, is expected to reach 500 by June of this year. The expansion project will also create between 40 and 50 production jobs. "This...

Roberto del Rosal takes helm at Bacardi. (president and CEO of Bacardi Corp.) (Special Feature) (Interview)
March 19, 1992... Roberto del Rosal recently replaced Manuel Luis del Valle as president and chief executive officer of Bacardi Corp., the world's largest rum producer, in Catano. Del Valle still serves on the company's board of directors since leaving the...

Personality test can increase productivity; VCR Career Group Inc. uses Myers-Briggs Type Indicator to penetrate applicant's image and aid in job placement. (Human Resources)
March 19, 1992... VCR Career Group Inc. uses Myers-Briggs Type Indicator to penetrate applicant's image and aid in job placement In the past few years, many human resources specialists have developed a wide array of management techniques. However, few have...

Compensation Association to meet. (Caribbean Compensation Association) (Human Resources)
March 19, 1992... First annual meeting to be held in Condado Plaza Hotel, series of seminars, courses scheduled to begin in April The Caribbean Compensation Association (CCA) will hold its first annual meeting in May at the Condado Plaza Hotel & Casino as...

Wal-Mart motion to dismiss SAM case. (Wal-Mart Stores Inc.; SAM Food Warehouse Inc. trademark infringement case) (Retail/Commerce)
March 19, 1992... Mainland chain moves to dismiss without prejudice after allegedly learning spelling of name was not as supposed Wal-Mart Stores Inc. has filed a motion with the U.S. District Court for the District of Puerto Rico to voluntarily dismiss...

Retailers optimistic about this year's sales. (Retail/Commerce) (Industry Overview)
March 19, 1992... Recent sales stacked up so well against pre-recession '90 that return of consumer confidence expected around corner Optimism pervades the Puerto Rico retail industry as sales figures so far in 1992 show healthy increases over last year's...