Caribbean Business articles from May 1991

Caribbean Business archives from May 1991

Cuba, the sleeping giant of Caribbean tourism. (Cover Story)
May 30, 1991... CUBA, the sleeping giant of Caribbean tourism LIKE the mythical island of Bali Hai in the South Pacific, for over three decades Cuba has been the forbidden destination, glimmering beyond the horizon, 90 miles from the mainland United...

Amgen Inc. will build drug plant in P.R. (Puerto Rico) (In The News)
May 30, 1991... Amgen Inc. will build drug plant in P.R. California-based Amgen Inc. one of the world's leading biotechnology firms, will be establishing manufacturing operations in Puerto Rico to produce advanced pharmaceutical products. The company is...

American Airlines to fly Aguadilla-Miami. (Aguadilla, Puerto Rico; Miami, Florida) (In The News)
May 30, 1991... American Airlines to fly Aguadilla-Miami American Airlines is schedules to begin providing regular service between the western town of Aguadilla, Puerto Rico and Miami beginning July 1991, according to airline officials. Arthur J....

Isratex to make military garments in P.R. (Puerto Rico) (In The News)
May 30, 1991... Isratex to make military garments in P.R. Isratex Inc., a Brooklyn, N.Y.-based garments manufacturer, will begin manufacturing operations in Puerto Rico in the coming weeks to produce special purpose garments for the U.S. Department of...

Goya invests $5 million in island plants. (Goya de Puerto Rico Inc.) (In The News)
May 30, 1991... Goya invests $5 million in island plants Goya de Puerto Rico Inc. is investing $5 million in capital improvements at its manufacturing operations on the island. The investment will allow the food maker to modernize its operations and...

BanPonce ranked among top 1,000 firms. (Banking/Finance)
May 30, 1991... BanPonce ranked among top 1,000 firms BanPonce Corp., the holding company that owns Banco Popular de Puerto Rico, was ranked by Business Week as one of the 1,000 most valuable companies in the U.S. The $8.9 billion-asset BanPonce ranked...

Case against Ponce Federal dismissed. (Ponce Federal Bank FSB) (Banking/Finance)
May 30, 1991... Case against Ponce Federal dismissed The U.S. District Court in San Juan has dismissed a $175 million breach-of-contract lawsuit filed last year against Ponce Federal Bank FSB by Garita Hotel Corp., thus granting the bank a much-needed...

Egg producers face slow sales in summer. (Agriculture)
May 30, 1991... Egg producers face slow sales in summer There is once again an overabundance of eggs both on the U.S. mainland and in Puerto Rico which is almost customary at this time of year. Local producers have been bringing down prices and demanding...

Foam Pack builds $4M manufacturing plant. (Manufacturing)
May 30, 1991... Foam Pack builds $4M manufacturing plant Foam Pack Inc., a Puerto Rico designer and manufacturer of industrial and commercial packaging components, is building a $4 million manufacturing plant in Rio Piedras. The new facility will allow the...

Centex Rooney merges with Thermac. (Centex Rooney Construction Group; Thermac Construction Company Inc.) (Construction)
May 30, 1991... Centex Rooney merges with Thermac Centex Rooney Construction Group, a company that has been very active in the U.S. Virgin Islands (USVI), recently merged with Thermac Construction Co. Inc. to form Centex Rooney Thermac Inc., based in St....

Video teleconferencing seminar to be held. (Condado Plaza Hotel, San Juan, Puerto Rico) (Telecommunications)
May 30, 1991... Video teleconferencing seminar to be held In the past several years, telecommunications technology has developed significantly. The installation of fiber optic cables has made it possible for Puerto Rico to establish better worldwide...

Fires increase by 10.37% in 1990. (Puerto Rico) (Insurance)
May 30, 1991... Fires increase by 10.37% in 1990 Losses from fires in Puerto Rico last year reached $33.9 million, according to statistics from the Puerto Rico Fire Department. The official statistics support local claims managers' reports that they...

San Juan cargo volume down. (Shipping)
May 30, 1991... San Juan cargo volume down Cargo movement through Puerto Rico's sea and air ports declined during December 1990 and the first two months of 1991, according to statistics compiled by the Puerto Rico Ports Authority. Cargo movements,...

Lotus upgrades 1-2-3 software to 2.3 level. (Lotus Development Corp.; Lotus 1-2-3 spreadsheet software) (Computers)
May 30, 1991... Lotus upgrades 1-2-3 software to 2.3 level The Lotus 1-2-3 program has become one of the standard programs for computers and an important tool to users from diverse industries. To keep pace with advancing technology, Lotus Development Corp....

Workers at risk; government moves to regulate temporary employees. (Cover Story)
May 23, 1991... To fill in for a sick secretary, prop up a production line, or substitute a supervisor, sooner or later just about every business on the island uses temporary employees. Business owners may be in for an unpleasant surprise, if a bill...

Occupancy rates disappoint hoteliers. (Puerto Rico) (In The News)
May 23, 1991... The Persian Gulf war may be over and fear of traveling may have subsided but Puerto Rico's tourism industry is still battling the effects of the recession affecting the U.S. mainland. According to statistics obtained by CARIBBEAN BUSINESS,...

First Financial to issue $5.1M in stock. (First Financial Caribbean Corp.) (In The News)
May 23, 1991... First Financial Caribbean Corp. (FFCC) will soon raise up to $5.1 million in capital through an issuance of preferred stock, according to documents obtained by CARIBBEAN BUSINESS. The date of the issue has not yet been determined. The...

Ashton-Tate to close P.R. plant next month. (In The News)
May 23, 1991... Ashton-Tate Corp., one of the world's largest developers and marketers of microcomputer business applications and advanced connectivity software will close its Puerto Rico subsidiary next month and relocate to the company's Singapore branch....

3 proposals compete for airport parking. (Luis Munoz Marin International Airport) (In The News)
May 23, 1991... The Puerto Rico Ports Authority has preselected proposals from three groups of companies in its search for a candidate to design, build and manage a $28 million parking lot planned for Luis Munoz Marin (LMM) International Airport. Jose...

BancoMex intends to begin P.R. operation. (Banco Nacional de Comerico Exterior; Puerto Rico) (In The News)
May 23, 1991... Banco Nacional de Comercio Exterior, or BancoMex, is studying a possible expansion into Puerto Rico. The Mexico-based bank, with $5.5 billion in assets and 22 branch offices in that country, would set up a branch in San Juan to focus on...

Repeal of 936 would harm P.R. economy. (Section 936, United States Internal Revenue Code; Puerto Rico) (In The News)
May 23, 1991... Repeal of Section 936 would result in a loss of 70,000 jobs in the 936 corporations by 1995 and an overall loss of 164,000 jobs in Puerto Rico -- doubling the island's current unemployment rate of 15% -- a recently released study conducted by...

Price Waterhouse to audit BPPR. (accounting firm; BanPonce Corp.) (In The News)
May 23, 1991... Price Waterhouse, one of the Big Six accounting and auditing firms, has won the bidding to audit BanPonce Corp. and Banco Popular de Puerto Rico, beating out KPMG Peat Marwick for the honors. BanPonce is the holding company that owns Banco...

Is Farmacias Moscoso chain for sale? (pharmacy chain) (In The News)
May 23, 1991... The 36-store locally owned Farmacias Moscoso has received several offers from investors to purchase the chain, according to Jose Guillermo Moscoso, president and owner. Although Moscoso said the chain was not for sale and that he is not...

Mortgage bankers brace for new FHA premium. (Banking/Finance)
May 23, 1991... Puerto Rico's mortgage bankers are bracing for the new premium that home buyers will have to pay for Federal Housing Administration (FHA) mortgage loan insurance. The new premium, mandated by a federal housing law passed last November, was...

Central to merge with Hispano Americano. (Banco Central; Banco Hispano Americano) (Banking/Finance)
May 23, 1991... The planned merger announced last week in Madrid between Banco Central and Banco Hispano Americano, Spain's third and sixth largest banks respectively, is not expected to have much of an impact on Central's Puerto Rico operations. (Hispano...

Flexible Packaging undertakes $5M expansion. (Manufacturing)
May 23, 1991... Flexible Packaging Group is undertaking a $5 million expansion at two of its Puerto Rico plants to produce new packaging products aimed at the food, pharmaceutical and electronics industries. The expansion will add about 72,000 square feet...

Treasury issues new 936 lending rules. (Section 936, United States Internal Revenue Code) (Manufacturing)
May 23, 1991... Final regulations governing the use of 936 funds to finance economic development projects in eligible Caribbean Basin Initiative (CBI) countries have been established by the U.S. Treasury Department. The new regulations for 936 lending,...

American flights to offer typical P.R. food. (American Airlines Inc.; Puerto Rico) (Tourism)
May 23, 1991... American Airlines is making plans with Airport Catering Services Corp. (ACS) to serve typical Puerto Rican dishes for tourist-class passengers on selected mainland destination flights from San Juan. According to airline officials,...

Prawn farm to take part in Africa project. (Aquaculture Enterprises Inc.; Nigeria) (Agriculture)
May 23, 1991... Aquaculture Enterprises Inc., which operates the largest U.S. freshwater prawn farm, in Sabana Grande, was chosen to take part in a two-year prawn farming project in Nigeria. The development program, sponsored by the World Bank, will...

Proposal would affect health-care providers. (Health Care Financing Administration) (Insurance)
May 23, 1991... Most Medicare health-care providers in Puerto Rico may have to wait three times longer for payment, if a proposal by the Health Care Financing Administration (HCFA) is put into effect. The proposal would give HCFA up to 45 days to...

P.R. union popularity sees steady decline. (Puerto Rico)
May 23, 1991... The most recent study conducted by the Puerto Rico Department of Labor and Human Resources revealed that, in 1990, 6% of island workers were unionized. This percentage has remained steady for the past four years, although it is considerably...

Shift in advertising efforts gets results. (McDonald's Corp.) (Advertising)
May 23, 1991... McDonald's 15 local franchisees are joyous over their recent 20% rise in sales, which they say is the direct result of a shift in advertising efforts by Leo Burnett Inc. "The results have been astounding since we changed strategy in...

Rogaine campaign to begin soon. (Advertising)
May 23, 1991... Upjohn Pharmaceutical Co. recently named Lord & Yagnam to handle its Rogaine account. The campaign for Rogaine, a hair growth stimulant which has been in the market a year, is slated to begin in mid-June, with a series of testimonials by...

From storefront to hyperstore. (Pueblo international Inc.) (Special Report)
May 23, 1991... It all started in December of 1954, when Harold Toppel came from his New Jersey home to vacation in Puerto Rico and noticed a lack of modern supermarkets here. Four months later, with initial capital of $70,000, Harold and his older brother...

Zeltex manufactures data conversion products here on the island. (Zeltex Puerto Rico Inc.) (Telecommunications)
May 23, 1991... For its small size, Puerto Rico has become a big manufacturing center which produces all types of goods including machinery, computers and pharmaceutics. Also, unknown to many, Zeltex Puerto Rico Inc. is a company which manufactures...

New technology in beepers includes more memory capability. (Telecommunications)
May 23, 1991... Beepers, as well as cellular telephones and facsimile machines, have emerged as one of the most popular communications devices. In Puerto Rico there are several companies including Cel Page, Motorola and TPI Transmission Services Inc. which...

Motorola sees bright future in P.R. telecommunications field. (Motorola de Puerto Rico Inc.) (Telecommunications)
May 23, 1991... Motorola de Puerto Rico Inc. is looking forward to the next few years with a great deal of enthusiasm. The company has recently undergone an internal organizational change, and is busy developing a series of new products that will place it...

AT&T introduces Safari notebook computer. (AT&T Computer Systems; portable computer)
May 23, 1991... AT&T Computer Systems is unveiling a new member of its computer product line. The company is entering into the laptop computer market in a big way, introducing a new notebook computer that is extremely powerful and handy at the same time....

Construction Materials Suppliers. (Industry Profile)
May 23, 1991... Most construction materials suppliers would agree that almost any year would pale in comparison to 1990, when the industry benefited greatly from the $1.5 billion pumped into the island's economy as a result of Hurricane Hugo. This is not to...

Atilano Cordero Badillo: staying in touch. (The Caribbean Business Top 10 Business Leaders of Puerto Rico) (illustration)
May 23, 1991... Every day from his company headquarters in Catano, Atilano Cordero Badillo makes decisions which have a direct impact on his $300 million supermarket empire, Grande. Yet when asked to pinpoint the most important decision he ever made in his...

Digital to cut P.R. work force by 600. (Digital Equipment Corp.; Puerto Rico) (Manufacturing)
May 23, 1991... Digital Equipment Corp. last week announced that it will slash 600 jobs from its Puerto Rico work force of 2,000 employees. The company will also consolidate some of its Aguadilla operations as its San German plant. Digital Equipment...

The match is on! (Coors enters Puerto Rican beer market) (Cover Story)
May 16, 1991... The match is on! Coors jumps into the Puerto Rico beer market V. Suarez & Co. Inc., backed by Coors Brewing Co., will be placing a $4 million bet on the new contender, Coors, to pin Puerto Rico title-holder Budweiser in one of the...

2 firms land $105.8M in defense contracts. (Propper International Inc., Puerto Rico Sun Oil Co.)
May 16, 1991... 2 firms land $105.8M in Defense contracts Propper wins $53M apparel contract, will add 400 workers; P.R. Sun Oil Co. gets $52.8M award for jet and diesel fuel Propper International Inc. and Puerto Rico Sun Oil Co. have received contracts...

Ponce mayor proposes city own, run airport. (Rafael Cordero)
May 16, 1991... Ponce mayor proposes city own, run airport Town seeks Federal funding to operate 239-acre Mercedita Airport; Ponce Ports Authority would be agency in charge Ponce Mayor Rafael Cordero has approached the Puerto Rico Ports Authority with a...

Ports negotiates marine terminal. (Puerto Rico Ports Authority)
May 16, 1991... Ports negotiates marine terminal Shipping company would develop and manage $23M common use cargo facility on 32 acres of land at Isla Grande airport The Puerto Rico Ports Authority (PRPA) is currently negotiating with a shipping company...

Economic Development Bank moves offices. (for Puerto Rico)
May 16, 1991... Economic Development Bank moves offices By the end of this year, the Economic Development Bank for Puerto Rico (EDB) will be moving its offices to the Banco de Ponce Building in Hato Rey, where it will occupy three floors. At present...

$30M industrial park planned for Ponce. (million)
May 16, 1991... $30M industrial park planned for Ponce Empresas Carro to develop 130-acre site near Port of Ponce: Ponce plans to purchase 30 acres to expand Free Trade Zone Empresas Carro, a privately held construction and real estate firm, plans to...

Decision on Reg. 24-A expected next month. (interest rate and finance charge regulation)
May 16, 1991... Decision on Reg. 24-A expected next month Sosa also revising draft of leasing law; unit to audit investment houses almost ready; 936 loans decision near The long wait for a revision of local Regulation 24-A may soon be over, if Financial...

Bankers Trust opens repo division. (repurchase agreements, Bankers Trust Caribe Capital Markets Inc.)
May 16, 1991... Bankers Trust opens repo division Section 936 companies finally have a new place on the island in which to invest their profits. Bankers Trust Caribe Capital Markets Inc. in Hato Rey has opened a division to manage 936 funds through...

Fomento targets biotechnology companies. (Puerto Rico Economic Development Administration)
May 16, 1991... Fomento targets biotechnology companies Firms that have been investing billions over past decade in research now ready to begin manufacturing wonder drugs Biotechnology firms, those high-technology ventures that promise to transform the...

Women form affordable housing group. (Woman's Coalition for Affordable Housing)
May 16, 1991... Women form affordable housing group Top housing-related professionals form a nonprofit group to promote P.R. low-income housing development Upon realizing that almost all key positions in Puerto Rico's housing-related organizations were...

P.R. firms bid for Navy project. (Puerto Rico)
May 16, 1991... P.R. firms bid for Navy project $30M project includes 254-unit Guantanamo housing development, Antigua naval station, soil testing Three Puerto Rico engineering firms have submitted bids to the U.S. Navy for a $30 million project which...

Retailers report good Mother's Day.
May 16, 1991... Retailers report good Mother's Day Most of those interviewed said this year was flat or up from last year; augur good Christmas season All year long, retailers have been anxiously awaiting the arrival of Mother's Day, hoping for an...

El Conquistador to have upscale mall. (Resort & Casino)
May 16, 1991... El Conquistador to have upscale mall El Conquistador Resort & Casino, aside from becoming the first Hawaiian-style mega-resort in Puerto Rico, will also house one of the most exclusive shopping malls on the island -- Fajardo's quantum leap...

Cortes Auto sues GMAC for $10 million. (General Motors Acceptance Corp., Cortes Auto Sales Inc.)
May 16, 1991... Cortes Auto sues GMAC for $10 million Cortes Auto Sales Inc. has filed a $10 million lawsuit against General Motors Acceptance Corp. (GMAC), with the Ponce Superior Court, which also requests that the court dissolve the contract between...

Burger King sale dubbed P.R.'s largest. (Puerto Rico)
May 16, 1991... Burger King sale dubbed P.R.'s largest Citibank N.A. San Juan provided senior debt financing for the recent acquisition of Caribbean Restaurants Inc. (CRI), Puerto Rico franchisee of Burger King and Ponderosa restaurants. The...

Costa Isabela resort project steady on. (tourism and residential resort planning)
May 16, 1991... Costa Isabela resort project steady on Necessary 2,000 acres have been acquired, leaving permit approval and endangered species issue to be surmounted Developers of the proposed $2 billion Costa Isabela tourism and residential resort...

ASTA, Cruise Lines hold trade show. (American Society of Travel Agents, Cruise Lines International Association)
May 16, 1991... ASTA, Cruise Lines hold trade show The travel industry has experienced the most difficult autumn and winter season in decades, according to Phillip G. Davidoff, president of the American Society of Travel Agents (ASTA). The society along...

Carnival Airlines expands in P.R. (Puerto Rico)
May 16, 1991... Carnival Airlines expands in P.R. Ponce-Miami/Orlando flight service begins next week; S.J. flights to New York, other U.S. cities expected In spite of last year's shaky takeoff from Ponce's Mercedita Airport, Carnival Airlines plans to...

Coors beer among top ten sellers.
May 16, 1991... Coors beer among top ten sellers Coors regular, a regional beer that, until seven years ago, was sold only in the mainland's cowboy country, has a mystique and heritage dating back to 1873 -- precisely what V. Suarez & Co. Inc. is banking...

INS refocuses on illegal workers. (Immigration and Naturalization Service)
May 16, 1991... INS refocuses on illegal workers Some 2 million employers given orientation since 1986; agency checks bosses who selfishly manipulate sanctions The Immigration and Naturalization Service (INS) began an intensive national effort to...

P.R. active in U.S. resources. (Society for Human Resources Management)
May 16, 1991... P.R. active in U.S. resources Society for Human Resources Management asks local chapter to orchestrate June convention in Cincinnati The local chapter of the Society for Human Resources Management (SHRM) has started the year off with a...

Retention of Mexican rum duties urged.
May 16, 1991... Retention of Mexican rum duties urged De Lugo tells International Trade Commission to retain duties to protect revenue base for U.S.V.I. development WASHINGTON -- The United States must retain duties on Mexican-produced rum to protect...

Proof of citizenship becoming issue. (Pan American World Airways questioning of Virgin Islanders)
May 16, 1991... Proof of citizenship becoming issue Complaint about questioning of U.S.V.I. residents at airports could draw P.R. into sticky situation WASHINGTON -- Delegate Ron De Lugo may have opened a politically sensitive can of worms in both the...

IAU president testifies in U.S. Senate. (Inter American University's Jose Roberto Gonzalez)
May 16, 1991... IAU president testifies in U.S. Senate WASHINGTON -- Puerto Rico's private post-secondary schools rely on U.S. Pell Grants for most of their tuition funding with little financial support from the private sector, Inter American University...

New fertility center helps couples conceive. (Caribbean Fertility Center)
May 16, 1991... New fertility center helps couples conceive Caribbean Fertility Center's founder, Dr. Rene Fernandez, describes clinical assistance available to spur fertility The Caribbean Fertility Center, which offers clinical assistance for...

Analysis of factory emissions help protect the environment. (Environmental Analysis & Testing)
May 16, 1991... Analysis of factory emissions helps protect the environment Today, more and more factories perform chemical processes which produce emissions that can be harmful to the environment. These operations can produce substances including lead,...

How federal environmental analysis regulations apply to P.R. (Puerto Rico) (Environmental Analysis & Testing)
May 16, 1991... How federal environmental analysis regulations apply to P.R. The environment has become a subject of great concern for each and every one of us in the 1990s. The federal Environmental Protection Agency (EPA) has recently approved new...

Is bottled water you're drinking really as safe as you think? (Environmental Analysis & Testing)
May 16, 1991... Is bottled water you're drinking really as safe as you think? Bottled drinking water is considered by many consumers to be a safe alternative to tap water in Puerto Rico. But according to some water analysis experts, it may be a waste of...

Apple unveils System 7 for Macintosh line. (Computers)
May 16, 1991... Apple unveils System 7 for Macintosh line Presentation audience astonished seeing old system's new capabilities, integrated networking and voice applications Apple Computer announced on Monday the release of its new System 7 operating...

New software benefits travel agencies. (Maestro; US Travel Systems Inc.) (Computers)
May 16, 1991... New software benefits travel agencies Computers have become an essential element of many industries, among them travel agencies, whose operations rely almost entirely on computers. One of the most recent systems to arrive on the scene...

Sea-Land begins new weekly cargo service. (Sea-Land Service Inc.) (Shipping)
May 16, 1991... Sea-Land begins new weekly cargo service Company starts weekly containership route between P.R., Trinidad and D.R., announces summer sailings to mainland Sea-Land Service Inc. recently introduced weekly containership service between...

Firm re-establishing in Kuwait. (DHL Worldwide Express) (Shipping)
May 16, 1991... Firm re-establishing in Kuwait DHL Worldwide Express has resumed express air cargo service to Kuwait. Since the liberation of Kuwait, DHL has flown emergency relief supplies to the desert kingdom. On March 20, all of the company's...

The more the merrier. (Adolph Coors Co.) (editorial)
May 16, 1991... The more the merrier Coors Brewing Company, one of the largest brewers on the mainland, is now entering the Puerto Rico market. This may not be good news for archrivals Budweiser, Medalla and Schaefer, but it is great news for consumers --...

Meat & poultry products. (Industry Profile)
May 16, 1991... MEAT & POULTRY PRODUCTS Red meat producers face changes in consumer tastes, compete with imports from Central America; poultry growth continues Over the past few years, health-and-diet-conscious islanders have been cutting back on red...

Reinsurer plans offshore banking unit here. (Continental Reinsurance Corp.) (Insurance)
May 16, 1991... Reinsurer plans offshore banking unit here Financial commissioner says firm will apply for permit to establish international banking entity within 1 month An international reinsurer is only a month away from applying for a permit to...

Mortgage banking. (Industry Profile)
May 16, 1991... MORTGAGE BANKING Competition for $1.2 billion market heats up as banks strive for greater presence; FHA loans stagnate as housing prices rise Puerto Rico's $1.2 billion mortgage banking industry will be facing several little-noticed...

PRTC Cellulars' $20M system on-line. (Telecommunications)
May 16, 1991... PRTC Cellulars' $20M system on-line Puerto Rico Telephone Co. (PRTC) Cellulars is now offering islandwide cellular telephone service. The new $20 million cellular network, which replaces the one installed five years ago, currently uses...

Cutting in on the action: heart surgery in Puerto Rico. (Cover Story)
May 9, 1991... Cutting in on the action Cardiovascular surgery, once an "obscure science" in Puerto Rico, has become the key to capturing the health-care dollar on the island. Make that the millions of health-care dollars: the average hospital cost...

New warehouse complex planned for airport. (Luis Munoz Marin International Airport; Puerto Rico) (In the News)
May 9, 1991... New warehouse complex planned for airport The Puerto Rico Ports Authority is in the final stages of negotiations with the West Group, a leading U.S. mainland real estate developer, to build a $36 million cargo warehouse and aircraft...

El Convento management contract in limbo. (El Convento Hotel; San Juan, Puerto Rico) (In the News)
May 9, 1991... El Convento management contract in limbo Negotiations to sell the management contract of the El Convento Hotel in Old San Juan have hit a standstill, according to officials from the Puerto Rico Industrial Development Co. (Pridco), which...

Farmacias Xtra awaits pharmacy permit approval. (supermarket pharmacy) (In the News)
May 9, 1991... Farmacias Xtra awaits pharmacy permit approval Pueblo and Xtra could soon be permitting operation of pharmacies on the premises of their supermarkets if the six pharmacy permit applications filed last September with the P.R. Department of...

Leaseway out, First Service in at Santander. (Banco Santander Puerto Rico) (In the News)
May 9, 1991... Leaseway out, First Service in at Santander CARIBBEAN BUSINESS has learned that Banco Santander Puerto Rico has decided not to acquire Leaseway Inc. of Puerto Rico from federal banking regulators. The Spain-based bank will, however,...

Emulex centralizes some operations in P.R. (computer storage devices; Puerto Rico) (In the News)
May 9, 1991... Emulex centralizes some operations in P.R. Emulex Corp., a California maker of storage and conductivity products for the computer industry, will consolidate its printed board manufacturing operations at its Puerto Rico plant. Emulex...