GOVERNMENT & POLICE NEWS

Medicare Part D Open Enrollment Ends On Dec. 7

The VI SHIP/Medicare program has announced that Medicare beneficiaries and persons newly eligible for Medicare can make changes to their…

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Police Commissioner Rodney F. Querrard Sr. discusses the Thursday, Sept. 4, 2014, homicide of Keithroy Caines at Oswald Harris Housing Court.

 
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WAPA Board OKs Funds for Propane Conversion

The board of the V.I. Water and Power Authority approved a $4.2 million contract for design and upgrade of the fire protection systems needed for the conversion to propane gas.

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2014-10-23 20:55:56
Philanthropist Peter Gruber Dies

Peter Gruber, a businessman who donated generously to various entities in the Virgin Islands and around the world, died Saturday after a long illness, with his wife Patricia at his side

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2014-10-22 23:17:02
Ferry and Sailboat Collide Near Red Hook

The U.S. Coast Guard is investigating the cause of a collision between Varlack Venture’s ferry, Capitol Venture, and the 65-foot sailboat New Horizons. The collision occurred Wednesday, according to the Coast Guard.

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2014-10-22 22:25:56
St. Thomas business — St. Thomas
V.I. McDonald's Parent Company Receives Two Global Awards

Virgin Islands McDonald's parent company, Arcos Dorados, headquartered in Argentina, has been honored with two awards from LatinFinance magazine's Deals of the Year 2011 issue. Arcos Dorados was recognized for outstanding performance in the primary equity market (new shares). For its IPO, Arcos Dorados was the winner of the Best Primary Equity Issuer award. The company was also recognized in other categories: Best Corporate Issuer and Best Global Financing Issuer in Local Currency, both for the company's issue of a BRL $400 million global bond, issued in July 2011. This transaction allowed for important savings in interests paid by Arcos Dorados, and reopened the global "real" bond market.
The LatinFinance Deals of the Year awards are the region's most prestigious and rigorously judged awards for excellence in investment banking and capital markets issuance. This was the 15th edition of the annual award. LatinFinance magazine - the leading source of financial market intelligence for Latin America and the Caribbean - recognized the recipients at an awards ceremony on Jan. 19 in New York City.
"These awards are very important for a company like ours. The success of our IPO was a result of the hard work of the whole team at Arcos Dorados, which would not have been possible without the trust of our shareholders," said Woods Staton, president and CEO of Arcos Dorados.
Arcos Dorados is the world's largest McDonald's franchisee, operating the largest quick service restaurant ("QSR") chain in Latin America and the Caribbean, including the six McDonald's restaurants here in the U.S. Virgin Islands. Recognized as one of the best companies to work for in Latin America, Arcos Dorados is traded on the New York Stock Exchange (NYSE: ARCO).

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