Caribbean Business articles from September 1991

Caribbean Business archives from September 1991

Good as gold; Puerto Rico banks get clean bill of health.
September 5, 1991... Good as gold There seems to be no end to it. Stateside press reports about the U.S. banking crisis continue pouring out, telling people how bad it is and warning them that it's likely to get worse before it gets any better. With news...

Wal-Mart negotiates for Ponce, Guayama sites.
September 5, 1991... Wal-Mart negotiates for Ponce, Guayama sites Wal-Mart, the largest U.S. retailer, is in the last stage of negotiations to purchase a 60-cuerda site (one cuerda equals 0.97 acre) at the Old Comandante race track in Carolina, where the...

Target Stores seeks expansion to P.R. (Puerto Rico)
September 5, 1991... Target Stores seeks expansion to P.R. Target Stores, a division of the Minnesota-based Dayton Hudson Corp., is seeking several commercial locations in Puerto Rico, a retail executive told CARIBBEAN BUSINESS. The discount department store will...

BASF Group plans P.R. distribution center. (Puerto Rico operations)
September 5, 1991... BASF Group plans P.R. distribution center German chemicals giant BASF Group is planning to establish operations in Puerto Rico to distribute its products on the island and in the Caribbean region. BASF Group is a diversified company with...

Ch. 2, Caribbean Business slate newscasts. (Telemundo WKAQ-TV Channel 2 and Caribbean Business' joint news broadcast)
September 5, 1991... Ch. 2, CARIBBEAN BUSINESS slate newscasts In a joint venture between CARIBBEAN BUSINESS newspaper and Telemundo (WKAQ-TV), the station's 10 p.m. news program, Telenoticias en Detalles will air a daily business and economic news segment...

Bear Stearns, Bankers Trust talk with GDB. (Bankers Trust New York Group; Government Development Bank of Puerto Rico)
September 5, 1991... Bear Stearns, Bankers Trust talk with GDB Bear Stearns & Co. and Bankers Trust New York Corp. have approached the Government Development Bank for Puerto Rico (GDB) to join the groups (or syndicates) of investment and commercial banks that...

Santander Fed conversion still on hold. (Santander Federal Savings Bank)
September 5, 1991... Santander Fed conversion still on hold Final federal regulatory approval of the conversion of Santander Federal Savings Bank from a thrift institution to a national bank has been delayed further, and thrift officials are now unsure of when...

S. Vassallo named Manufacturer of the Year. (Salvador V. Vassallo, president of Industrias Vassallo Inc.; awarded by the San Juan Minority Business Development Center)
September 5, 1991... S. Vassalo named Manufacturer of the Year Salvador V. Vassallo, president of Industrias Vassallo Inc., has been named Manufacturer of the Year for 1991 by the San Juan Minority Business Development Center (SJMBDC). SJMBDC is funded by...

P.R. manufacturing comprises big variety. (Puerto Rico's diversified industries)
September 5, 1991... P.R. manufacturing comprises big variety The pharmaceutical, apparel and electronics industries still dominate the island manufacturing scene, according to information supplied by the Puerto Rico Economic Development Administration...

Fishermen refuse Tourism's temporary move. (Puerto Rico Tourism Company's offer to relocate a group of fishermen working out of a dock near its offices)
September 5, 1991... Fishermen refuse Tourism's temporary move The Puerto Rico Tourism Company's offer to temporarily relocate a group of fishermen working out of the dock area near La Princesa was rejected last week by the group, according to a Tourism...

Cruises up, airlines down for fiscal '90-91. (Puerto Rico Ports Authority's report on cruise ships and airline traffic)
September 5, 1991... Cruises up, airlines down for fiscal '90-'91 Last week, Jose A. Buitrago, executive director of the Puerto Rico Ports Authority released the figures for fiscal year 1990-91. Although the recession and the Persian Gulf war had a major impact...

Many optical shops violate law. (Puerto Rico Opticians Association's report on unlicensed opticians)
September 5, 1991... Many optical shops violate law According to Reinaldo Maldonado, representative of the Puerto Rico Opticians Association, 60% of the local optical shops are violating the law by hiring personnel without a license to work in this specialized...

Kmart plans for expansion progressing well. (K Mart Corp.)
September 5, 1991... Kmart plans for expansion progressing well Kmart Corp.'s plans to establish 12 Pace Membership Warehouse and Builder's Square stores in Puerto Rico are progressing well. At present, the company is in the midst of negotiations for several...

Condado retailers say EDB loan not answer. (Puerto Rico's commercial area)(Economic Development Bank)
September 5, 1991... Condado retailers say EDB loan not answer Despite financial aid offered retailers in the depressed Condado commercial area by Puerto Rico's Economic Development Bank (EDB), they continue to be pessimistic about the situation and their future...

Kinney Shoes' P.R. expansion surges ahead. (Puerto Rico outlets planned)
September 5, 1991... Kinney Shoes' P.R. expansion surges ahead Kinney Shoes Corp., a subsidiary of F.W. Woolworth Co., continues its aggressive expansion in Puerto Rico with plans to open 16 additional stores - Foot Locker, Kids Foot Locker, Champs and Kinney -...

Lugo-Vina: new competition won't hurt office supply industry. (Eduardo Lugo-Vina's outlook in the opening of giant Office Depot in Puerto Rico)
September 5, 1991... Lugo-Vina: New competition won't hurt office supply industry Office supplier Eduardo Lugo-Vina thrives on challenge. "If you know you can buy 10 items and sell all of them, that's like straddling the line of least resistance. So what if...

Ecological times call for new measures in office equipment. (Puerto Rico office supply stores promote recycled and environmentally safe paper products and sell personal shredders)
September 5, 1991... Ecological times call for new measures in office equipment Reflecting the growing interest in ecology, many office suppliers in Puerto Rico are rushing to stock up on products that promote recycling and efficient waste disposal. Nestor...

Pecking order of office chairs goes from luxurious to simple. (Stow & Davis and Recurt Inc. markets high priced and lavishly comfortable executive chairs)
September 5, 1991... Pecking order of office chairs goes from luxurious to simple Believe it or not, companies have a pecking order for chairs. Basically it works this way: the higher up you are in the organization, the finer - and more expensive - the chair...

Spurt in office supplies sales. (prospects in the office supplies industry)
September 5, 1991... Spurt in office supplies sales A recent spurt in sales of office supplies has raised the sagging spirits of many office supply executives in Puerto Rico. "There was a favorable change in August and if it continues this way, sales could...

PRMMI and union sign labor pact. (Puerto Rico Marine Management Inc.; Office and Professional Employees International Union)
September 5, 1991... PRMMI and union sign labor pact Puerto Rico Marine Management Inc. (PRMMI), the operational agent of the government-owned Navieras de Puerto Rico, has ratified a three-year contract agreement with the Office and Professional Employees...

Census reports 2 new P.R. urbanized areas. (Cayey and Humacao)
September 5, 1991... Census reports 2 new P.R. urbanized areas WASHINGTON - Puerto Rico has two new urbanized areas (UAs), which will qualify it for a number of federal funding programs, according to the U.S. Census Bureau. Cayey and Humacao were elevated to...

Radio Shack to debut Spanish DeskMate. (computer software company introduces Spanish software)
September 5, 1991... Radio Shack to debut Spanish DeskMate Radio Shack will soon introduce a Spanish version of its DeskMate program heretofore only available in English. The program features such applications as word processing, personal calendar, mail merge,...

Wang introduces low-cost VS 6000. (Wang Laboratories )
September 5, 1991... Wang introduces low-cost VS 6000 Wang laboratories recently introduced its new low-cost VS 6000/Server, a series of virtual systems. The server, mainly targeted to small businesses and departments within large companies, has been designed to...

Paradiso targets U.S. Hispanic market. (Paradiso Films shoots advertisement in Puerto Rico intended for United States Hispanics)
September 5, 1991... Paradiso targets U.S. Hispanic market At the same time that local advertisers are producing television commercials outside of Puerto Rico in order to save up to 50% on production cost, Paradiso Films, a local house, is enticing U.S....

Top 25 private-sector employers. (Puerto Rico)
September 5, 1991... TOP 25 PRIVATE-SECTOR EMPLOYERS Once again, a game of musical chairs has reshuffled the standing of Puerto Rico's top 25 private-sector employers, as ranked by CARIBBEAN BUSINESS. For the second year in a row, a service company sits atop...

Municipal reform is signed into law by Hernandez Colon. (Puerto Rico governor signs Autonomous Municipalities Law)
September 5, 1991... Municipal reform is signed into law by Hernandez Colon Gov. Rafael Hernandez Colon signed the bills of the municipal reform legislative package into law on Friday last week during the annual assembly of the Mayors Association. The final...

Firm that manages Navieras inks pact with labor union. (Puerto Rico Marine Management Inc.; Navieras Office and Professional Employees International Union)
September 5, 1991... Firm that manages Navieras inks pact with labor union The organization which manages Navieras, the Commonwealth government-owned maritime shipping authority, reached an accord with the agency's labor union last week, providing employees a 3%...

Govt. corporation will provide jobs for ex-prisoners. (Job Training and Work Enterprises Corp.)
September 5, 1991... Govt. corporation will provide jobs for ex-prisoners Commonwealth Justice Secretary Hector Rivera Cruz indicated last week that a law aimed at creating a new government-owned corporation will provide the means for convicted criminals to earn...

Adverse experience surcharge on MDs subject of hearings. (legislation of surcharges on medical malpractice insurance)
September 5, 1991... Adverse experience surcharge on MDs subject of hearings A House committee on Thursday last week initiated hearings on the policy of insurers of imposing surcharges for mal-practice insurance on physicians who have had an "adverse experience."...

Retailers optimistic about Christmas sales.
September 5, 1991... Retailers optimistic about Christmas sales For the first time this year, retailers are expressing true optimism that this year's Christmas shopping season will be a good one, despite the rough months that the industry experienced at the...

Mexico and the U.S. get cozy. (North American Free Trade Agreement)
September 12, 1991... Mexico and the U.S. get cozy Just three months after U.S. and Mexican government officials began negotiations toward a trilateral North American Free Trade Agreement (NAFTA) along with Canada, the question in the minds of local business and...

Northwest Airlines considers S.J. service. (proposed airline route to include San Juan, Puerto Rico)
September 12, 1991... Northwest Airlines considers S.J. service Officials from the Puerto Rico Ports Authority and the Tourism Company have begun negotiations with executives of Northwest Airlines in order to persuade the passenger carrier to begin serving Puerto...

Ports Authority to get discretionary funds. (Puerto Rico Ports Authority)
September 12, 1991... Ports Authority to get discretionary funds The Puerto Rico Ports Authority will be able to accelerate several of its construction projects as a result of an additional $10 million in revenues it has been granted by the federal government in...

Santander Overseas issues $150M in stock. (Santander Overseas Bank)
September 12, 1991... Santander Overseas issues $150M in stock Santander Overseas Bank is in the process of issuing $150 million in preferred stock, capital which will be used to accommodate the bank's expansion on the island. The stock is being sold to...

Shakeup reported at New York Dept. Stores. (New York Department Stores)
September 12, 1991... Shakeup reported at New York Dept. Stores Mike Hess, president of NYTSA Acquisition Co., holding company of Seedman's and New York Department Stores, has resigned the position he has held since 1988, when the chains were purchased by...

Caribbean Refrescos expansion in Phase 2.
September 12, 1991... Caribbean Refrescos expansion in Phase 2 Caribbean Refrescos Inc., the Puerto Rico subsidiary of Atlanta, Ga.-based Coca-Cola Co., is getting set to begin with the second phase of its planned $35 million expansion at its Cidra plant. ...

Nicaragua to sign TIEA with U.S. soon. (Tax Information Exchange Agreement with the United States)
September 12, 1991... Nicaragua to sign TIEA with U.S. soon The government of Nicaragua expects to sign and ratify a Tax Information Exchange Agreement (TIEA) with the U.S. in the coming weeks. Ratification of such an agreement will make the Central American...

New accounting firm targets niche markets. (Baralt & Hilera)
September 12, 1991... New accounting firm targets niche markets The proliferation of local accounting firms continues on the island. The latest entry into the field is Baralt & Hilera, opened more than two months ago by Carlos Baralt, Ramon Hilera and Teresita...

New opportunities await P.R. bankers. (pending United States/Mexico free-trade agreement to generate more business for Puerto Rico bankers)
September 12, 1991... New opportunities await P.R. bankers Most bankers in Puerto Rico may not have realized it yet, but the U.S./Mexico free-trade agreement will open up some opportunities for them. "To the extent that the agreement generates more trade and...

Tourism organizations share common goal. (Puerto Rico Hotel & Tourism Association; Tourism Company)
September 12, 1991... Tourism organizations share common goal Despite the recession and drop in the number of tourists visiting the island over the past year, Andreas Meinhold, vice president and general manager of El San Juan Hotel & Casino and president of the...

Tourism figures on the rise. (more foreign visitors came to Puerto Rico in 1991 than in 1990)
September 12, 1991... Tourism figures on the rise Throughout most of fiscal year 1990-91, local hoteliers were unable to boost occupancy rates higher than the previous year's. However, according to figures released by the Puerto Rico Tourism Company last week the...

Williams Hospitality parent releases figures. (earnings of WMS Industries Inc., parent company of Williams Hospitality Management Corp.)
September 12, 1991... Williams Hospitality parent releases figures WMS Industries Inc., the parent company of Williams Hospitality Management Corp. released its fourth quarter and fiscal year figures last week. In spite of the recession, the company still managed...

El Conquistador construction in full swing. (El Conquistador Resort & Country Club owned by the Williams Hospitality Management Corp. and Kumagai Gumi Corp.)
September 12, 1991... El Conquistador construction in full swing With just a little over 12 months left before opening, the construction of El Conquistador Resort & Country Club has gone into full swing, according to officials of Williams Hospitality Mangement...

Bankruptcies down for first time this year. (decrease in bankruptcies due to change in bankruptcy filing forms)
September 12, 1991... Bankruptcies down for first time this year For the first time this year, the total number of bankruptcies filed in a given month with the U.S. Bankruptcy Court for the District of Puerto Rico has dropped compared to the corresponding month...

Kmart recognizes local supplier. (selection of Juan R. De Torres Sucr. Inc. as vendor of the month for the month of August by the Puerto Rico Division of Kmart Corp.)
September 12, 1991... Kmart recognizes local supplier The Puerto Rico Division of Kmart Corp. announced the selection of Juan R. De Torres Sucr. Inc. as vendor of the month for the month of August Juan R. De Torres is the first local firm to be recognized by...

Rothco acquires Puma distribution. (assignment of distribution rights of Etonic U.S.A.'s athletic footwear line to Rothco Sports)
September 12, 1991... Rothco acquires Puma distribution The local firm Rothco Sports has acquired local distribution of the athletic foot and sportswear line, Puma. Etonic U.S.A., which recently acquired Puma, assigned distribution of the line in Puerto Rico and...

Local firm wins federal award contract. (United States Department of Health and Services selects Caribbean Microparticles Corp. of San Juan, Puerto Rico to develop quantitative antibody binding kit)
September 12, 1991... Local firm wins federal award contract Caribbean Microparticles Corp. of San Juan has been selected by the U.S. Department of Health and Services Administration for an award under the U.S. Small Business Innovation Research program, which aims...

New children's indoor footwear line introduced. (Scootees, Playskool Baby's new line of indoor footwear for children)
September 12, 1991... New Children's Indoor Footwear Line Introduced Playskool Baby has introduced a new line of indoor footwear for children which will be marketed under the name of Scootees. Beginning this fall Scootees will be available also in toddler sizes....

Ofi Extra opens office supply in Miramar. (office supply warehouse stores in Miramar, Puerto Rico)
September 12, 1991... Ofi Extra opens office supply in Miramar Puerto Rico's first discount office supply business has opened up shop under the name of Ofi Extra and is a division of locally owned Office Depot Inc. The 9,000-square-foot warehouse-style store,...

VCR Career Group in step with outplacement. (leads competition in the field of outplacement services)
September 12, 1991... VCR Career Group in step with outplacement In less than two years, VCR Career Group Inc., one of the first Puerto Rico firms solely devoted to outplacement, has become one of the leading players in this field. Even though outplacement is not...

WYCE Group debuts new management theory. (introduces new management methodology)
September 12, 1991... WYCE Group debuts new management theory The newly formed WYCE Group, a firm offering management support services, is now offering a totally new way of looking at the success of a business. According to Eduardo I. Pietri, managing partner in...

Island's newest non-vessel common carrier is growing rapidly. (Modern Puerto Rico Ocean Express Inc.) (company profile)
September 12, 1991... Island's newest non-vessel common carrier is growing rapidly The main office and terminal of Modern Puerto Rico Ocean Express Inc. (MPROE), at 2 Martinez Nadal Ave. in Guaynabo (under the Pablo Eguia Building), is a busy place lately. ...

P.R. exporting more products to Latin America and Caribbean. (Puerto Rico)
September 12, 1991... P.R. exporting more products to Latin America and Caribbean Puerto Rico's exports to Latin America and the Caribbean still lag behind Europe. In 1990, for example, Puerto Rico exported $725 million worth of goods to countries in this...

Puerto Rico Export Co. Inc. offers international warehousing. (first public warehouse in Puerto Rico allowed to receive alcoholic beverages from an importer and ship the liquor anyplace)
September 12, 1991... Puerto Rico Export Co. Inc. offers international warehousing Within a few weeks, Puerto Rico Export Co. Inc. (Prexco) will become the first public warehouse in Puerto Rico which will be allowed to receive alcoholic beverages from an importer...

Increased exports and imports prepare P.R. for competition. (Puerto Rico; world class competition)
September 12, 1991... Increased exports and imports prepare P.R. for competition The Puerto Rico Manufacturers Association's concerns about preparing industry for world class competition automatically pushes the island's industry towards increased import and...

Navieras lands mail contract. (United States Postal Service awards mail transport contract to Navieras de Puerto Rico)
September 12, 1991... Navieras lands mail contract Navieras de Puerto Rico, the Commonwealth government-owned shipping company, has been granted a contract by the U.S. Postal Service to transport mail between the port of New York/New Jersey and Port of Spain,...

Sea-Land's Discovery returns to service Caribbean-New Orleans route. (vessel of Sea-Land Service Inc. resumes weekly all-water containership service)
September 12, 1991... Sea-Land's Discovery returns to service Caribbean-New Orleans route Sea-Land Service Inc. announced last week that it is resuming weekly all-water containership service between New Orleans, San Juan and Rio Haina, D.R., when the vessel...

Gitty's to open Xuxa departments in stores. (Gitty's Toys Inc.; line of toys and school supplies marketed under name of popular Brazilian singer, Xuxa)
September 12, 1991... Gitty's to open Xuxa departments in stores The locally owned toy store chain Gitty's Toys Inc. is in the midst of opening a new department, which will be called Xuxerias, in each of its 24 stores. The department will feature a complete line...

Hotels. (crisis in Puerto Rico's hotel industry)
September 12, 1991... HOTELS If any industry in Puerto Rico is qualified to hold seminars on crisis management it's the hotel industry. Over the past four years local hoteliers have not been able to get through a winter season without it being overshadowed by...

Investment banks and brokerage houses. (positive outlook for investment banking and securities industry in Puerto Rico )
September 12, 1991... INVESTMENT BANKS AND BROKERAGE HOUSES Puerto Rico's "Wall Streeters" are breathing easier these days, at least compared to their state at about this time last year. In fact, 1990 as a whole was a year most of them would just as soon forget....

Federal highway funding proposal released. (Puerto Rico to get $105M more under House authorization than under Senate version for the next five years)
September 12, 1991... Federal highway funding proposal released WASHINGTON - Puerto Rico would receive $105 million more under the House authorization than under the Senate version of federal highway funding for the next five years. S.1204, passed by the...

Possible shift of jobs from V.I. averted. (Virgin Islands)
September 12, 1991... Possible shift of jobs from V.I. averted WASHINGTON - The possible transfer of assembly jobs from the Virgin Islands and U.S. mainland to the Philippines and Thailand was averted by Timex Corp., according to V.I. Delegate Ron De Lugo. ...

Firm will conduct Water Island appraisals. (Pritchett, Ball & Wise Inc.; appraisal of properties to transfer Water Island from federal ownership)
September 12, 1991... Firm will conduct Water Island appraisals WASHINGTON - Pritchett, Ball & Wise Inc. of Atlanta was selected by the Interior Department to conduct appraisals on Water Island to transfer it from federal ownership, according to Virgin Islands...

Las Americas Trust Co.
September 12, 1991... Las Americas Trust Co. The board of directors of Las Americas Trust Co. recently announced the appointment of Wally Gonzalez Gallardo as chief executive officer and president of the bank. He is a Dartmouth graduate and received his MBA from...

The top 10 business leaders of Puerto Rico, 1991. (includes winner of The Life Achievement Award)
September 12, 1991... TOP 10 Business Leaders of Puerto Rico * 1991 Hugh Andrews While Hugh Andrews admits - though humbly so - that it feels terrific to receive his fourth Top 10 award, he firmly maintains that his success is a direct result of the hard...

Boricua commuters: AA plans hourly San Juan-New York shuttle service. (American Airlines; San Juan, Puerto Rico; New York, New York)
September 19, 1991... Boricua commuters AA plans hourly San Juan - New York shuttle service American Airlines, already the largest passenger and air cargo carrier operating in Puerto Rico, remains committed to launching the second phase of its expansion...

JC Penney announces three-site expansion. (JC Penney Puerto Rico Inc.'s new stores in Ponce, Arecibo, and Caguas, Puerto Rico)
September 19, 1991... JC Penney announces three-site expansion Shopping centers in Ponce, Arecibo and Caguas to host new Penney stores; Ponce to be first to open in September '92 JC Penney Puerto Rico Inc. has made definite plans to continue expanding its...

Santander to build $11M operations center. (Banco Santander Puerto Rico)
September 19, 1991... Santander to build $11M operations center Bank names Cantero chief financial officer; will expand trust services; awaits decision by RTC on First Service CARIBBEAN BUSINESS has learned that Banco Santander Puerto Rico will soon begin...

Fiddler, Gonzalez & Rodriguez expands. (law firm expands facilities and staff) (company profile)
September 19, 1991... Fiddler, Gonzalez & Rodriguez expands When law firm occupies sixth floor, it will have total of four floors in Chase Building and will add to staff Fiddler, Gonzalez & Rodriguez is expanding its facilities and staff. According to Rafael...

No letter, no sale for Condado Beach Hotel. (Occidental Hotels will lose option to purchase the hotel unless it sends postmarked letter and check to Puerto Rico Industrial Development Co.)
September 19, 1991... No letter, no sale for Condado Beach Hotel Pridco officials say if letter postmarked Sept. 15 doesn't arrive nor check for $1M, HUSA has lost option to purchase Unless the Puerto Rico Industrial Development Co. (Pridco) receives a...

Trailer Bridge set to sail January 15th. (shipping company's service between Puerto Rico and the U.S. mainland)
September 19, 1991... Trailer Bridge set to sail January 15th New shipping company to serve P.R. and the U.S. mainland; will use old U.S. Army terminal on San Juan-Florida route Trailer Bridge Inc. plans to start providing waterborne transportation service...

Banks respond to drop in discount rate. (Federal Reserve Board lowers discount rate from 5.5% to 5%)
September 19, 1991... Banks respond to drop in discount rate The Federal Reserve Board (Fed) answered weeks of speculation about U.S. interest rates by lowering the discount rate from 5.5% to 5%, the lowest since 1973. The nation's banks, including those in Puerto...

PRBA seeks to turn around image of banks. (Puerto Rico Bankers Association will try to change the public's negative perception of banks)
September 19, 1991... PRBA seeks to turn around image of banks The Puerto Rico Bankers Association (PRBA) has tackled some hefty problems in the past, but it's about to take on what may be its most daunting challenge yet turning around the general public's...

Experts nudge P.R. investors toward coins. (Puerto Rican investors urged to engage in rare coin collection)
September 19, 1991... Experts nudge P.R. investors toward coins Industry changes, economic recovery, short supply prompt analysts to expect coins to outperform other investments Investing in numismatics, or rare coins, has thus far not been dear to the hearts...

Carvajal plans water pre-treatment plant. (Francisco Carvajal plans to build waste-water pre-treatment plant at Lutania Mills Inc.)
September 19, 1991... Carvajal plans water pre-treatment plant Lutania Mills owner says investment of up to $2M necessary to comply with strict government requirements for industry Industrialist Francisco "Paco" Carvajal, president of Olympic Mills Inc., plans...

PromoVision gears up to enter P.R. market. (PromoVision Puerto Rico, a computer software graphics firm; Puerto Rico)
September 19, 1991... PromoVision gears up to enter P.R. market Point-of-purchase computer software graphics displayed on monitors designed to stimulate browser's decision to buy PromoVision Puerto Rico, a subsidiary of New York City-based PromoVision Systems...

Brier Technology builds a faster floppy. (develops a 25-megabyte floppy disk)
September 19, 1991... Brier Technology builds a faster floppy New 25-megabyte floppy disk made 70% faster than previous products by building internal caching into Flextra drive Brier Technology recently announced the development of a 25-megabyte floppy disk...

Controversy hot over Ponce's Plaza Artesanal. (Ponce, Puerto Rico's local retailers oppose Pitusa's Plaza Artesanal project)
September 19, 1991... Controversy hot over Ponce's Plaza Artesanal Disgruntled bidders say city granted Pitusa too low rent; some call for new bidding; others offer creative solutions Facing strong criticism from retailers in Ponce and a lawsuit filed with the...

Retailers say Sept. sales up to par.
September 19, 1991... Retailers say Sept. sales up to par In an informal CARIBBEAN BUSINESS survey of several major Puerto Rico retailers, September retail sales were said to be higher than those of the same period last year. Based upon the improvement retailers...

Commissioner rejects premium rate increase. (Puerto Rico Insurance Commissioner Miguel Villafane Neriz rebuffs premium rate increase for hurricane insurance)
September 19, 1991... Commissioner rejects premium rate increase Catastrophes around world have forced hikes in coverage; quality of reinsurance available locally may be at stake Puerto Rico Insurance Commissioner Miguel Villafane Neriz said last week that he...

Simed ordered to insure public hospitals. (Medical Malpractice Syndicate)
September 19, 1991... Simed ordered to insure public hospitals The San Juan Superior Court recently ordered that the Medical Malpractice Syndicate (Simed by its Spanish acronym) will have to provide medical insurance to San Juan's public hospitals. This decision...

Trial date set for Metcalf & Eddy vs. PRASA. (lawsuit against Puerto Rico Aqueduct and Sewer Authority)
September 19, 1991... Trial date set for Metcalf & Eddy vs. PRASA U.S. firm sues water authority for nonpayment, breach of contract, while PRASA continues to plead 11th Amendment The U.S. District Court for the District of Puerto Rico has set a trial date for...

Former PRTC president looks at performance. (Fabio Garcia Matienzo; Puerto Rico Telephone Company)
September 19, 1991... Former PRTC president looks at performance Garcia Matienzo confident that he accomplished objectives of upgrading company's technology, service, capabilities Fabio Garcia Matienzo, who recently stepped down as president of Puerto Rico...

Girard finds out client's needs before creating office design. (Girard International Inc.)
September 19, 1991... Girard finds out client's needs before creating office design In general, design is a plan or arrangement of line, form, mass, color and space in a pattern. It may be created to serve a functional purpose as in architecture or industrial...