Rodney Davis replaced
Rodney Davis has been replaced as president of Cable & Wireless Jamaica (C&WJ), confirming a year of speculation that his tenure would have been shortlived.Davis becomes the fourth CEO to depart the company since 2003. C&WJ, in a statement yesterday, announced that Davis was leaving...
Salada rivalry -Mayberry makes hostile bid for coffee company
Mayberry Investments Limited is making a hostile bid for Salada Foods Jamaica, announcing Tuesday that it would pay $32.50 per share for 51 per cent of the coffee company's near 10.4 million issued ordinary shares. The offer opens August 30 and closes September 28....
Courts remodels stores
Courts Jamaica Limited, the country's leading furniture and appliance retail company, has refurbished its Brown's Town store in St.Ann, creating more display space for its stock. Courts, which spent $8 million on the project, has done similar improvements...
$100m Development Bank of Jamaica (DBJ) loan for farmers
The Development Bank of Jamaica (DBJ) has set aside $100 million for emergency loans to farmers whose holdings were affected by the recent passage of Hurricane Dean.Credit operations manager at the DBJ, Byron McDonald, said his agency would disburse...
Financial aid for Windward Island banana growers
The Windward Islands Banana Development and Exporting Company (WIBDECO) said Tuesday it will provide EC$4 million (US$1.4 million) of aid to farmers whose banana crops were ravaged by Hurricane Dean earlier this month. WIBDECO said the package would...
The rhythm & the beats
He started out as a bank teller, had a short stint as a primary school teacher, but that was not where his passion lay. "I was forced to learn music in prep school, but gradually I started liking it, as time went by I used to watch the music teacher and later used to practice...
Caribbean Cement Company at 90% capacity - Imports to plug supply gap
Caribbean Cement Company says it is almost back to normal operations, following the passage of Hurricane Dean. "The plant has not been hit hard and there are no major disruptions to the plant as in the cases of hurricanes Ivan and Wilma," said Anthony Haynes...
Jamaica Broilers Group resumes full operations - Minimally affected by hurricane Dean
Jamaica Broilers Group sustained "no significant loss", and all areas of operation are up and running, according to Chief Financial Officer Ian Parsad. The new ethanol plant at Port Esquivel, he said, was back on track at 7:00 p.m. on the day after Hurricane Dean....
US consumer confidence falls amidmarket volatility
Consumer confidence in the United States weakened in August as volatile financial markets and housing problems took a toll, a private research group said Tuesday.The New York-based Conference Board said that its Consumer Confidence Index declined...
Oil prices fall, while storm prediction boosts natural gas
Oil and gas futures fell yesterday as concerns about refineries faded and the Organisation of Petroleum Exporting Countries (OPEC) suggested that the oil cartel sees no need to boost production. Natural gas futures rose on jitters about a developing Atlantic storm system...
Four sentenced in Grenada offshore banking scam
Five people who never got much past a high school education somehow managed to pass themselves off as sophisticated financial experts and defraud thousands of investors out of more than US$170 million through an offshore bank in Grenada....
New subprime damag global rate doubts - Steepest drop in housing index recorded in 20 years
Reports of fresh damage from the teetering U.S. subprime mortgage sector provoked new financial market wobbles on Tuesday as central banks around the world said their interest-rate intentions had been thrown into doubt. The European Central Bank, Bank of Japan...
|
