Caribbean Business articles from March 1992

Caribbean Business archives from March 1992

A glimmer of gold: the recovery begins. (economic recovery in Puerto Rico)
March 26, 1992... Last December, in a survey by CARIBBEAN BUSINESS of 200 top business leaders in Puerto Rico, we found the first glimmer of hope that the long, dark economic recession was coming to an end and that the bright morning of recovery was dawning....

Community recycling helps solve our major solid waste problem. (Environment & Industry)
March 26, 1992... Community recycling efforts play an important role in helping reduce the solid waste that ends up polluting our environment. In Puerto Rico, where landfills are overflowing and there is limited space for new dump sites, reducing solid waste...

Bilbao Vizcaya to acquire Western Federal. (Banco Bilbao-Vizcaya S.A.; Western Federal Savings Bank)
March 26, 1992... Sources tell CARIBBEAN BUSINESS that Banco Bilbao Vizcaya de Puerto Rico is negotiating to acquire Mayaguez-based Western Federal Savings Bank (Westernbank). The news could no be confirmed with officials of either institution at press...

Caribwill, Pridco on verge of settlement? (Caribwill Associates; Puerto Rico Industrial Development Co.)
March 26, 1992... A settlement between Caribwill Associates and the Puerto Rico Industrial Development Co. (Pridco) on a $55.4 million lawsuit could occur as early as April, according to sources familiar with the case. The lawsuit, filed last October by...

Stryker expanding Puerto Rico operations. (Stryker Corp. Medical Div.)
March 26, 1992... Stryker Corp., the maker of surgical and medical devices, is expanding its Puerto Rico manufacturing operations in Arroyo. The company is increasing its local work force by up to 80 workers to manufacture new lines of products. Stryker...

Gubernatorial candidates talk tourism. (Puerto Rico's gubernatorial aspirants) (Industry Overview)
March 26, 1992... Puerto Rico's three gubernatorial candidates faced each other last week in the first public debate since the 1992 campaign began, in a session sponsored by the Hotel Sales and Marketing Association. In a forum held last Thursday at the...

Las Americas Trust up for sale once again.
March 26, 1992... CARIBBEAN BUSINESS has learned that the three major shareholders of Las Americas Trust Co., the one-branch bank located in Plaza Las Americas, have agreed to once again pursue the sale of the bank. While this represents the third such...

Pizza Management/PepsiCo sale to close soon.
March 26, 1992... The sale to PepsiCo Inc. of Texas-based Pizza Management Inc - franchisee of Pizza Hut and Taco Bell in Puerto Rico - is scheduled to be completed by April 9 or 10. Since last December, PepsiCo has been negotiating to purchase the assets...

Santander may acquire 1st Service this week. (Banco Santander Puerto Rico; First Service Mortgage Corp.)
March 26, 1992... The long-awaited acquisition of First Service Mortgage Corp. by Banco Santander Puerto Rico is due to take place this week, according to sources close to the process. Officials of the Resolution Trust Corp. (RTC), the federal agency...

Banks relieved at early signs of recovery. (banks in Puerto Rico) (Industry Overview)
March 26, 1992... Economic growth promises to bail out numerous banks with faulty loans; slight upturn in lending activity reported For Puerto Rico's banking industry, the early signs of an economic recovery on the island could not have come at a better...

Bond gamble pays off for GDB president. (government bonds; Government Development Bank for Puerto Rico's president Jose Berrocal)
March 26, 1992... It was a race against the clock, and Jose Berrocal, president of the Government Development Bank for Puerto Rico (GDB), barely made it. Berrocal chose late last year to delay the sale of several government bond issues until the government...

936 loans in Caribbean: essential to U.S.? (Internal Revenue Code Section 936's tax exemption of mainland corporations investing in Puerto Rico and the Caribbean Region and government guarantee of foreign investments)
March 26, 1992... The Overseas Private Investment Corp. (OPIC) has extended until 1995 the period during which it will guarantee 936 loans in the Caribbean region. The guarantees were to expire on June 5, 1992. The surprise turnaround was welcomed by...

Execs have say at PRMA Caucus. (business executives; 19th Annual Puerto Rico Manufacturers Association Caucus with the Government)
March 26, 1992... Island executives attend forum with government officials; candidates for governorship present their view on economy Executives for local manufacturing, distributing, construction and other firms had an opportunity to present the problems...

Vassallo diversifying and restructuring. (Industrias Vassallo Inc.) (Company Profile)
March 26, 1992... Industrias Vassallo Inc., the Puerto Rico maker of extruded polyvinyl chloride (PVC) pipes and fittings and rubber gaskets, is diversifying its line of products into injection molded plastic housewares. The company is also undergoing a...

P.R. tourism seen faring better than in '91. (Puerto Rico)
March 26, 1992... Puerto Rico's tourism industry is expected to close the first quarter of 1992 ahead of the same period in 1991, according to data obtained from sources throughout the industry. Since 1992 began, average hotel occupancy rates are above...

Danish Cruise' 1-day trips enjoy success. (Danish Cruise Lines Inc.)
March 26, 1992... Three months after Danish Cruise Lines (DCL) began its one-day excursions to the islands of St. Thomas and Tortola, the company has exceeded projections for the first few months of operations. So much so, that officials are negotiating to...

American adds 11 daily S.J. flights June 1. (American Airlines Inc.; San Juan, Puerto Rico)
March 26, 1992... American Airlines will add 11 daily flights from San Juan starting June 1, increasing the number of daily flights from 52 to 63, according to airline officials. "We are moving our summer schedule up by three weeks due to the increase in...

Los Cidrines goes franchise April 11. (bakery chain in Puerto Rico)
March 26, 1992... What started out as a bakery shop in Arecibo 14 years ago, will soon become the first locally-owned bakery and deli franchise chain in Puerto Rico, when Los Cidrines inaugurates its franchise operation on April 11. Empresas Cidre, which is...

P.R. retail sales point to economic recovery. (Puerto Rico) (Industry Overview)
March 26, 1992... Retailers say this year's sales have outpaced last year's; return of consumer confidence augers continued upswing Retail sales figures so far this year indicate that the economy has begun a recovery process. Since January, retailers have...

Blue Cross builds headquarters. (Guaynabo, Puerto Rico)
March 26, 1992... Blue Cross officially began construction recently of its new facilities to be located on Highway One, a short distance from the Apolo urbanization in Guaynabo, at an estimated cost of $8 million. The new facilities were designed as the...

Today's books read aloud to folks on the go. (Book Sounds)
March 26, 1992... Have you noticed that a 24-hour day is not enough to do all the things you would like to do. Leisure reading might be one of those things that you have put aside because you just don't have enough time for it. Book Sounds, a store...

Corplan Inc. adds service division.
March 26, 1992... Firm to offer complete management consulting services including latest human resources trends and techniques Corplan Inc., a management consulting firm, has added a new division and is now offering about 25 services in human resources...

Teleonce wages 2-year battle for No. 1 spot. (WLII-TV Channel 11)
March 26, 1992... Six months after its official merger with Channel 7, WLII-TV Channel 11 still has its eye on the No. 1 spot. After having come in second in January's television ratings, Teleonce maintained its position and captured a 29% audience share for...

Lack of fireboat worries shipping execs. (Shipping)
March 26, 1992... The lack of a fireboat capable of extinguishing fire on board vessels arriving in San Juan harbor raises the specter that a major catastrophe could take place should such an emergency occur, according to local shipping industry executives....

Presentation market on the upswing. (presentation software) (Computers) (Industry Overview)
March 26, 1992... Computerized systems offer full range of full-motion video, stereo sound and photographics for effective presentations In today's business world, a well-designed presentation can be the key factor in closing a deal. In dealing with the...

Digital announces new Alpha architecture. (Digital Equipment Caribbean Inc.) (Computers) (Product Announcement)
March 26, 1992... New technology widens the performance range of software; twice the standard bit capacity improves complex computing Officials of Digital Equipment Caribbean Inc., Digital Equipment Corp.'s Puerto Rico subsidiary, recently unveiled the...

Smaller companies can effectively do their recycling bit, too. (Environment & Industry)
March 26, 1992... Most larger companies on the island use recycling programs to save money as well as to help preserve the environment. However, many smaller companies do not see as many advantages in recycling. Smaller companies can also help to reduce...

El Yunque gets training center for tropical rain forest managers. (Puerto Rico) (Environment & Industry)
March 26, 1992... Something new is coming to El Yunque - a tropical rain forest center called El Portal del Yunque, planned for Highway 191 near the community of Palmer. The architectural firm Sierra Cardona Ferrer (SCF) was awarded the design contract for the...

Small gestures make big difference in preserving environment. (Environment & Industry)
March 26, 1992... Don't underestimate the power of the small gesture. Both at home and in the office, there are little things we all can do to help safeguard and preserve the environment. Many actions we can take to help protect our world may seem too...

'Wonder fiber' turned health hazard gives rise to removal firms. (asbestos) (Environment & Industry)
March 26, 1992... Asbestos received a lot of attention when it was first found to have harmful effects on people's health. Since then, public interest on the subject has waned but asbestos still exists in many buildings on the island. Recent efforts to...

Conservationists urge P.R. residents to save natural resources. (Conservation Trust of Puerto Rico) (Environment & Industry)
March 26, 1992... Although the first public service environmental campaign in Puerto Rico was launched twenty ears ago, it has only been in about the past three years that the general public in Puerto Rico has become truly conscious of issues affecting our...

Shopping centers. (Industry Profile) (Industry Overview)
March 26, 1992... In the next couple of years, Puerto Rico will have 21 million square feet of shopping center space operational, which translates to almost six square feet per resident. At present, there are an estimated 16 million square feet of...

Automatic power shut-off protects car even in holdup situation. (Focus on Autos)
March 26, 1992... Last year 18,261 cars were stolen in Puerto Rico, according to police. That is about 50 cars each day. If you were not personally a victim of a car theft, it is more than likely you know someone who was. Many people take precautions...

Honda Prelude: sports car with comfort and ease of luxury car. (Focus on Autos) (Evaluation)
March 26, 1992... The 1992 Honda Prelude is perfect for those looking for a sports car with the looks, comfort and ease of a luxury car. The Prelude has been totally redesigned and reengineered with high performance and maneuverability in mind. The...

Freight consolidators. (Industry Profile) (Industry Overview)
March 26, 1992... The recession on the U.S. mainland and in Puerto Rico had a negative impact on freight consolidators operating on the island as demand for imports and exports declined last year. Freight consolidators, or non-vessel ocean common carriers...

Story of 1st Continental not over yet. (First Continental Security Corp.'s closure by the Office of the Financial Commissioner of Puerto Rico)
March 26, 1992... J. Rafael Benitez Pons is not taking the closing of First Continental Securities Corp. sitting down. The firm's former president and main shareholder charges that the local Office of the Financial Commissioner acted irresponsibly in...

Confidence and caution. (economic recovery in Puerto Rico) (Editorial)
March 26, 1992... Information on the latest business trends is pouring in, and the direction is clear: industry by industry, the signs point to the start of an economic recovery. In the States, where statistics and economic indicators are up-to-date, there is...

Presidential candidates get midterm report card. (Editorial)
March 26, 1992... A midterm report card on the presidential candidates' economic programs: GEORGE BUSH - George is a nice boy, but too easily influenced by his companions. When he was running with Ronnie Reagan's crowd, George seemed to believe everything...

It's time to limit terms of congressmen. (excerpts from Los Angeles Times, 1992) (National Outlook)
March 26, 1992... The House Ethics Committee's debate on releasing the names of 300 current and former members of Congress who wrote tens of thousands of bad checks on the now-based House bank could not have come at a better time for proponents of term limits....

GE's Welch makes headlines with common sense. (General Electric's chairman John F. Welch, Jr.)(excerpts from the Los Angeles Times, 1992) (National Outlook)
March 26, 1992... Why should we care that Chairman John F. Welch Jr. of General Electric made news by saying that too many bosses spoil a business and that inspiration gets a job done better than intimidation? Because we're all affected by the success or...

Work hard and improve constantly. (Israel Kopel, president of Almacenes Pitusa) (Top 10 Business Leaders of Puerto Rico: 1991)
March 26, 1992... Survival of the fittest is a basic tenet in both the animal kingdom and the world marketplace. Fortunately for consumers and corporations alike, evolution to a state of superior strength - in the business world - doesn't take ages. As...

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...

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...

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,...

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...

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. ...

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...

Museum Shop sells reproductions of masters. (Small Business)
March 19, 1992... As unique as Santurce's Centro Europa is the 1,500-square-foot Museum Shop that recently started operating in the building's lobby. The Museum Shop, which was officially inaugurated during the first week of March, is the first of its...

Plans scrapped for new Condado hotel. (San Juan, Puerto Rico) (Tourism)
March 19, 1992... After four years of planning and negotiation, a $7 million tourism project which was scheduled to convert two adjoining residential and commercial buildings on Ashford Avenue into a mid-priced hotel property has been scrapped. As...

P.R. officials meet with cruise execs. (Puerto Rico Ports Authority officials) (Tourism)
March 19, 1992... Meeting, at Miami's Seatrade Cruise Conference, touched on increasing cruise line's participation in P.R. economy Jose A. Buitrago, executive director of the Puerto Rico Ports Authority, met in Miami last week with officials of Carnival...

Bankruptcy Court approves hotel sale. (Condado-San Juan Hotel) (Tourism)
March 19, 1992... Condado-S.J. Hotel sold to Decision Support International; new owner's plans call for remodeling, Ramada management Enrique Lamoutte, Chief Judge of the U.S. Bankruptcy Court in Puerto Rico, approved the purchase of the Condado-San Juan...

Environmental agencies' merger controversial. (proposed merger of Puerto Rico's Environmental Quality Board, Dept. of Natural Resources, and the Solid Waste Management Authority) (Environment/Energy)
March 19, 1992... Plan to make three P.R. agencies into one super agency suggests conflicts over management, handling of funds The proposed merge of Puerto Rico's three environmental agencies continues to be a controversial issue in the industry at both...

Contaminated beach to reopen next month. (strip of Condado beach from Nairn Street to Cervantes Street)
March 19, 1992... Most recent tests reveal strip near Ambassador Plaza Hotel free of substances said to derive from ship waste disposal The strip of Condado beach that was closed in October 1991 for toxic contamination is scheduled to reopen in one month,...

P.R.'s NEC PABX User's Group hosts chiefs. (Puerto Rico; NEC Business Communication Systems Inc.) (Telecommunications)
March 19, 1992... NEC Business Communication Systems top executives attend first meeting on island to cement relations, orient users Top executives from NEC Business Communications recently visited Puerto Rico to attend the first meeting of the newly...

Commissioner gives views on Insurance Code. (Puerto Rico Insurance Commissioner Ralph Rexach Chandri) (Insurance)
March 19, 1992... Rexach calls sections of code that prohibit affiliations of insurance firms with financial institutions |outdated' Puerto Rico's Insurance Commissioner, Ralph Rexach Chandri, expressed his views on the possibility of financial...

AHP ordered to pay workers severance pay. (American Home Products Corp.)
March 19, 1992... Judge rules in favor of union that sued AHP for closing Indiana plant and transferring operations to P.R. plants WASHINGTON -- A National Labor Relations Board (NLRB) administrative law judge ruled that American Home Products (AHP) owes...

Score is 2-0 for 936 program in Congress. (tax incentive program)
March 19, 1992... WASHINGTON -- The score appears to be 2 to 0 for the 936 program over its opponents in Congress this year, but the battle isn't over to retain its economic benefits for Puerto Rico. The 936 tax incentive program won major support from the...

Protect your business papers with fireproof safes and files. (Industrial Security)
March 19, 1992... Imagine receiving a phone call at 3 a.m. that your business is on fire. After the initial panic, you remember that your property is insured with a reliable company. You breathe a sigh of relief as you realize that the building will be...

Computerized security system being installed at LMMI airport. (Luis Munoz Marin International Airport) (Industrial Security)
March 19, 1992... The $3.5 million computerized security system being installed at Luis Munoz Marin International Airport in Isla Verde is scheduled to be completed by this summer. The security system is being financed by the Federal Aviation...

Courier and delivery services. (Puerto Rico) (Industry Profile) (Industry Overview)
March 19, 1992... Courier and delivery service on island has grown from one firm to industry estimated at $ 12M gross revenue per year Who would have guessed that when the first courier and delivery service was started in Puerto Rico 36 years ago by Eugene...

Accounting, auditing and consulting firms. (Industry Profile) (Industry Overview)
March 19, 1992... Recession has reduced demand for many of the services provided by accounting, auditing and consulting firms These are not the best of times for accounting, auditing and consulting firms -- in Puerto Rico or on the U.S. mainland. "There's...

Lintas celebrates 25th anniversary in P.R. (Lintas: Puerto Rico) (Advertising/Media)
March 19, 1992... Agency, linked with worldwide advertising agency network, reported capitalized billings of over $8 million last year Lintas:Puerto Rico, a local advertising agency with sister companies worldwide, will celebrate its 25th anniversary on...

Mediafax shows Ch. 2 still tops in January. (WKAQ-Television, San Juan, Puerto Rico) (Advertising/Media) (Industry Overview)
March 19, 1992... Telemundo reflects 39%, biggest audience share, with 32 of top 50 P.R. shows; Chs. 4, 11 vying for second place According to Mediafax audience measurement results for January, WKAQ-TV Channel 12 (Telemundo) remains No. 1 in Puerto Rico...

Business will need more than austerity to compete in '90s. (Column)
March 19, 1992... Well, what do you know? Just when every publication in town is telling us that austerity is the economic theme for the 1990s, American business appears to have made an astonishing discovery: Cost control alone will not be enough to enable us...

What the American people want this election year. (National Outlook) (Column)
March 19, 1992... Trying to handicap primary results for Bush, Tsongas, Buchanan or Clinton won't put money in your pocket. But keep an eye out for economic trends underlying the presidential campaign if you want to see what the American people really want....

Ace detergent campaign found most memorable. (Special Report)
March 19, 1992... Survey shows P.R. consumer remembers Leo Burnett's Ace ads most frequently, followed by agency's ads for Medalla beer According to a recently released survey by Stanford Klapper Associates, out of the deluge of advertisements appearing on...

Former Navieras head defends Lancer deal. (Esteban Davila, former executive director of the Puerto Rico Maritime Shipping Authority; purchase of Lancer-type ships) (Shipping)
March 19, 1992... Esteban Davila, former executive director of the Puerto Rico Maritime Shipping Authority (PRMSA), defended the purchase and repair of five lift-on/lift-off (LO-LO) Lancer-type vessels, saying they were needed to upgrade Navieras' fleet with...

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...

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...

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...