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SBA injecting $69 million into P.R. and Virgin Islands economies this year |
| The federal Small Business Administration says it will inject a total of $69 million into the Puerto Rico and U.S. Virgin Islands economies during the... |
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Statehood think thank organizes congressional forum in Washington |
| Puerto Rico Senate President Kenneth McClintock, recently appointed secretary of State by Governor-elect Luis Fortuño, arrived Wednesday morning in... |
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NY jury convicts opera-loving P.R. philanthropist |
| NEW YORK (AP) _ A Manhattan jury has convicted Puerto Rican opera philanthropist Alberto Vilar, the investment adviser who allegedly swindled... |
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Accumulated bankruptcies through October hit 7,459, 15% more than 2007 |
| A total of 865 filings in October, 13% higher than same month last year, Chapter 13 and 7 filings for year up 11% and 27% respectively, Chapter 11... |
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Universidad del Este Hotel School has new name |
| The Hotel School of the Universidad del Este (UNE) has a new name today…The José A. (Tony) Santana International School of Hospitality and Culinary... |
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Run government like a business! |
| The Food Marketing, Industry and Distribution Association (MIDA) has recommended to Gov.-elect Luis Fortuño that he create the position of General... |
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Dos Mares Resort in court again |
| The coalition in favor of the Northeast Ecological Corridor Wednesday morning said a lawsuit filed by proponents of the Dos Mares Resort could have... |
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Banco Popular cuts jobs, N.A. head retires |
| Roberto R. Herencia, president of Banco Popular North America, is retiring at yearend as the North American arm of the bank undertakes further staff... |
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Gov.-elect Fortuño against south coast gasoduct |
| --> Gov.-elect Luis Fortuño and the Puerto Rico Senate both presented motions Tuesday afternoon at Ponce Superior Court opposing the South Gasoduct... |
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Possible casino closings to take place |
| --> While Tourism and other officials took great pleasure Monday in welcoming the stunning new La Concha Resort’s Casino del Mar Casino to the... |
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Aruba police pursue new evidence in Holloway case |
SAN JUAN, Puerto Rico (AP) _ Investigators in Aruba are pursuing new evidence in the 2005 disappearance of American teenager Natalee Holloway. ... |
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December light bill to drop 21% |
| The Puerto Rico Electric Energy Authority (Prepa) will decrease its rates 21% in its December billing compared with November due to the drop in the... |
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Aqueducts head first recycled Cabinet member |
| Aqueducts and Sewers Authority (AAA) Executive Director José Ortiz has been reappointed to his post by Gov.-elect Luis Fortuño. ... |
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Popular receives preliminary approval for $950 million federal injection |
| Popular Inc. Tuesday received preliminary approval from the U.S. Treasury Department to participate in its Capital Purchase Program (CPP) under the... |
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Victor Suárez named PDP secretary general |
| Department of Consumer Affairs (DACO) Secretary Victor Suárez has been appointed secretary general of the Popular Democratic Party, according to PDP... |
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La Concha Resort opens casino |
| La Concha Resort opened its Casino del Mar Monday where Tourism Co. Executive Director Terestella González Denton pointed out that just during the... |
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Empresas Vassallo goes into Chapter 11 |
| After close to 50 years of existence, Empresas Vassallo has filed for Chapter 11 protection under the U.S Bankruptcy law. ... |
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Western establishes ratio for reverse stock split |
| W Holding Co., the bank holding company for Westernbank Puerto Rico, announced Monday the board of directors has established a ratio of one share for... |
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Migrant vessel missing with dozens of Dominicans |
| SAN JUAN, Puerto Rico (AP) _ The Coast Guard is searching the waters off western Puerto Rico for a boat that is reportedly missing with more than 40... |
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AAV makes surprise appearance before Transition Committee |
| Gov. Aníbal Acevedo Vilá showed up unexpectedly Monday at the Transition Committee hearings to defend his economic policies. ... |
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AAV attorneys threaten to abandon case |
| The law firm hired by Gov. Aníbal Acevedo Vilá to defend him against federal charges could well be off the case Nov. 30 if they are not paid pending... |
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Fortuño to name FBI assistant director chief of Police |
| Gov.-elect Luis Fortuño is expected to name FBI Assistant Director José Figueroa Sancha as superintendent of Police Monday. ... |
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Gas station owners in court against Total |
| Some 50 gasoline retailers will appear in San Juan Superior Court Monday fighting a contract with wholesaler Total Petroleum following a refusal by... |
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Three PDP reps turn backs on sovereignty |
| Three elected Popular Democratic Party (PDP) representatives Sunday backed the status options of newly elected party President Héctor Ferrer to... |
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Arecibo mayor asks employees to resign |
| Unhappy with the work that has been done over the past four years re-elected Arecibo Mayor Lemuel Soto Santiago has asked some 20 employes to hand in... |
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Doral posts $1.8 million loss in 3Q |
| Expanded interest margin, raised net interest income and opened 90,000 retail deposits accounts in 2008, including over 34,000 accounts in the third... |
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NPP to eliminate Electoral Fund |
| (AP) The incoming New Progressive Party (NPP)-majority Legislature will eliminate the Electoral Fund as soon as the next session begins in January,... |
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New House speaker hands out committee chairs |
| Jenniffer González also reduces number of committees to “speed up” processes ... |
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Fajardo airport slated to close before year’s end |
| Transfer of operations to airport in former Roosevelt Roads naval base in Ceiba scheduled in three to four weeks, barring any mishaps ... |
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Crisis looming for Health Insurance Administration |
| Agency to be left without funds to cover insurance premiums starting in March, according to executive director ... |
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Oriental posts $46.1 million third quarter loss |
| Excluding non-cash loss of $55.8 million, a net of tax loss of $4.1 million and income tax benefit of $500,000, the group had income available to... |
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More transition hearings set for Friday |
| The Health Services Administration and Port of the Americas Authority will make appearances Friday before the incoming and outgoing government... |
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Fortuño presents his economic team |
| Santander president appointed as head of the GDB; Planning Board candidate plans to unravel permits process before dealing with Land Use Plan ... |
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Oriental to record non-cash charge of $55.8 million in 3Q |
| Bank comments on preliminary Third Quarter operating results; expects to report a loss of $1.89 per share, to request filing extension for 10-Q ... |
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Santander BanCorp narrows 3Q net loss to $8.2 million |
| Spanish bank widened the net interest margin to 4.76% while paring operating expenses nearly 11% ... |
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Two injured in Isla Grande helicopter crash |
| Helicopter flying in from St. Thomas suffers malfunction just before landing; passenger gravely injured ... |
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Fortuño participates in Republican governors’ meeting |
| Governor-elect vows to work with fellow Republicans to “reformulate our message” ... |
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Rivera Schatz promises to act “in good faith” |
| No bad blood between recently-appointed Senate president and Kenneth McClintock, despite earlier controversies ... |
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Pierluisi announces team |
| Resident Commissioner-elect Pedro Pierluisi announced Wednesday that Attys. Andrés López and Andrés Guillemard have been selected by him to... |
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Shredded papers a cause for concern |
| Eleven trash bags full of shredded paper at State Department raise alarm among government transition committee members ... |
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Kenneth McClintock appointed State secretary |
| Former Popular Inc. executive also appointed as Government secretary ... |
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Parador owners want change |
| Miguel Rosado, president of the Association of Parador Owners, Tuesday reminded Gov. –elect Luis Fortuño to follow through with promises he made... |
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Puerto Rican wins Rookie of the Year at MLB National League |
| Chicago Cubs' catcher Geovany Soto wins top rookie prize in professional baseball ... |
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Héctor Ferrer to occupy PDP presidency |
| Legislator to replace Gov. Aníbal Acevedo Vilá as head of the Popular Democratic Party ... |
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Fortuño names economic advisors |
| Group headed by Popular Inc. Chairman, President and CEO Richard Carrión ... |
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Circuit City files for Chapter 11 protection;opens in Hatillo |
| Circuit City Stores -- which opened its third operation in Puerto Rico this weekend in Hatillo --has filed for bankruptcy about a week after it said... |
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Ponce mayor will sign Port of the Americas contract |
| The outgoing Popular Democratic Party government in Ponce will sign a contract for the administration and operation of the Port of the Americas that... |
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Election propaganda must be removed |
| (AP) The Department of Transportation and Public Works (DTOP) Sunday called for all political parties and their candidates to remove their propaganda... |
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Fortuño to talk with millionaires |
| (AP) Gov.-elect Luis Fortuño confirmed Sunday that he has been in contact with several millionaires who, during the campaign, said they wanted to... |
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NY Gov. wants closer ties with Puerto Rico |
| New York Gov. David Patterson, after meeting with Gov.-elect Luis Fortuño Sunday, said he seeks closer ties with the island and proposed opening an... |
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McClintock named to head Transition Committee;other members announced |
| Gov.-elect Luis Fortuño announced Sunday, as reported early in the day by caribbeanbusinesspr.com, that Senate President Kenneth McClintock will head... |
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Ponce mayor elect to eliminate parking meters |
| Ponce Mayor-elect María ‘Mayita’ Meléndez said Saturday she will do away with parking meters on main inner city streets as well as eliminate the... |
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AT&T buying Centennial |
| AT&T will buy Centennial Communications for $944 million in cash. The transaction is pending regulatory approval. ... |
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Diamond Palace Hotel files for Chapter 11 |
| Condado hotel is latest victim to bankruptcy wave with $9.9 million in debt ... |
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Jenniffer González appointed House Speaker |
| Rep. Jenniffer González was appointed Speaker of the House of Representatives Friday. ... |
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Thomas Rivera Schatz appointed Senate president |
| Roberto Arango appointed Majority Leader ... |
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Latest governor numbers from the State Elections Commission |
| Fortuño with a lead of more than 215,000 votes against Acevedo Vilá ... |
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Jaime López probable Tourism executive director |
| Although not confirmed, it appeared Friday morning that McConnell Valdez attorney Jaime López will be named to head the Puerto Rico Tourism Co. by the... |
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Movement to elect Caguas mayor to PDP presidency formed |
| El Movimiento Popular con Willie para Presidente PPD (Popular movement in favor of William Miranda Marín to head the PDP) was formed Friday... |
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Dalmau and Bhatia appointed as Senate Minority Leaders |
| Alejandro García Padilla “unavailable” to take on either role, according to Governor ... |
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Héctor Ferrer reelected as Minority House Leader |
| Representative also on the short list to take over PDP presidency ... |
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Transition rules in black and white |
| Fortuño sends letter to the governor underlining dispositions of government transition law ... |
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Time to evaluate everything, says PDP’s Ferrer |
| Minority House Speaker says move towards sovereignty may have played a role in PDP’s defeat ... |
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Acevedo Vilá resigns as PDP president |
| Gov. Aníbal Acevedo Vilá announced his resignation as president of the Popular Democratic Party (PDP) Thursday morning ... |
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Zayas Seijo: “I told you so” |
| Ponce mayor says PDP mayors had warned Acevedo Vilá of possible defeat ... |
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Number of women mayors in island’s history now 19 |
| Dr. María “Mayita” Meléndez, Glorimarie Jaime, Maritza Meléndez, Evelyn Delerme and Perza Rodríguez were elected as mayors on Tuesday,... |
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Bacardi agrees to purchase and protect sensitive land and pay fine |
| The U.S. Environmental Protection Agency (EPA) and the Bacardi Corp.have reached an agreement that spells out the resolution of Clean Water Act... |
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NPP takes Legislature with Fortuño promising new leadership |
| The New Progressive Party (NPP) swept to victory in the 2008 elections with, as of Wednesday morning, close to 95% of the more than 1.9 million votes... |
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NPP sweeps district legislative seats |
| With 1,646 of the 1,782 units having reported to the State Electoral Commission Wednesday morning for a total of 92.37% of the votes for district... |
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Most incumbent mayors win re-election |
| Major cities in Puerto Rico – with the exception of Ponce – will continue with the same mayors as a result of Tuesday’s elections. ... |
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Puerto Rico ousts indicted governor |
| SAN JUAN, Puerto Rico (AP) _ Puerto Rico voted Tuesday to oust an incumbent governor who is under indictment for allegedly violating campaign finance... |
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Santini wins major San Juan victory |
| San Juan mayor wins reelection against PDP rival Ferdinand Pérez ... |
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Santa Isabel and Yauco mayors declaring victory |
| NPP mayoral candidates win in island's southern region ... |
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New Progressive Party declares victory for Fortuño |
| Resident commissioner candidates following same trend. Gov. Acevedo Vilá expected to declare defeat at 7 p.m. ... |
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Populares on the ropes |
| PDP executive director Aníbal José Torres doesn't discard possibility of defeat; trend shows solid 9% to 11% advantage for NPP candidate Luis... |
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Fortuño shows 9% lead at 5:45 p.m. |
| Tuesday afternoon New Progressive Party representatives confirmed to caribbeanbusinesspr.com that their candidate Luis Fortuño continues in the lead. ... |
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Fortuño ahead in early official votes |
| The first official numbers given out by the State Electoral Commission Tuesday evening showed Luis Fortuño ahead of Gov. Aníbal Acevedo Vilá 163 to... |
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Very preliminary results show New Progressive Party advantage |
| Although still unofficial, preliminary numbers being given out by the two major political parties indicate a victory for the New Progressive Party... |
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NPP polls give wide margin of victory to Fortuño |
| Electoral Commissioner Angel Cintrón says poll gives 18% advantage to gubernatorial candidate ... |
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Candidates break electoral law after showing marked ballots |
| Only NPP’s Luis Fortuño declines to show ballot; “someone told me it’s illegal,” he said ... |
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Rosselló won’t say who he is voting for…but won’t discourage write-in vote |
| Upon his arrival in Puerto Rico early Monday afternoon, Sen. Pedro Rosselló said he would not reveal who will receive his vote Tuesday and added he... |
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Populares may lose Ponce |
| Rivalry between Francisco Zayas Seijo and Carlos Jirau may open the door for New Progressive Party (NPP) mayoral candidate, María “Mayita” Meléndez ... |
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Puerto Rico stores unaffected by Circuit City mass closing |
| Circuit City to close 155 stores in the U.S. mainland in effort to return the nation's No. 2 consumer electronics retailer to profitability ... |
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AAV confident he will come out victorious |
| Governor gives hour-long speech in front of PDP followers during party’s campaign-closing event in Santurce ... |
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NPP representatives left out of prison voting |
| Department of Corrections & Rehabilitation Secretary Miguel Pereira firm in his decision to keep Corrections employees representing the NPP away... |
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No regrets in supporting the governor, but…. |
| President of Mayors Association washes hands off possible defeat for PDP ... |
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Divided opinions on whether Rosselló should join Fortuño |
| Thousands of NPP followers fill grounds near Hiram Bithorn Stadium in Hato Rey for party’s campaign closing event ... |
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Juana Díaz mayor calls for civil disobedience in gas pipe project |
| Mayor says the “struggle” will go on even after the elections ... |
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Rafael Ithier hospitalized in Bayamón |
| Leading figure of legendary salsa orchestra El Gran Combo struck with chronic sinusitis ... |
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Electoral commissioners urged to choose alternate SEC president |
| No current replacement for State Elections Commission President Ramón Gómez in the event he cannot take charge on election night ... |
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Numbers on local recycling stir up controversy |
| President of Yo Limpio a Puerto Rico, Ignacio Barsotelli, says government manipulates statistics on local recycling; SWMA director in turn accuses... |
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Transfer station starts construction in Trujillo Alto |
| $5.8-million project to manage 300 tons of solid waste a day, according to SWMA executive director ... |
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UPR closed until next Wednesday |
| Work stoppage decreed by union of non-teaching employees prompts decision by University of Puerto Rico; student organizations catalogue action as... |
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Fortuño with an 18-point lead over AAV, according to latest poll |
| Results contrast markedly with previous-day poll; Figueroa with 11% of voters, Rosselló with just 1% ... |
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Eight federal prosecutors to keep close watch on general elections |
| U.S. District Attorney notifies State Elections Commission president about close monitoring by federal authorities ... |
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Votes for Rosselló don’t count, Romero says |
| Any votes favoring Rosselló benefit Acevedo Vilá and the PDP, according to former governor ... |
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Federal prosecutors facing problems in AAV case, says PDP |
| Party’s executive director says Judge Barbadoro’s warning is proof the governor’s accusations are not well supported ... |
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Poll shows Fortuño lead down to 3% |
| A poll published Wednesday in a Spanish-language daily indicated the difference between New Progressive Party candidate Luis Fortuño and Gov.... |
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NPP petitions for investigation into governor’s televised message |
| Party officials raising questions on whether message was paid for with public funds ... |
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Government acquires thousands of acres for conservation |
| Majority of acquired lands located in Arecibo and Utuado to become part of Río Abajo State Forest ... |
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