A plug for pork - Campaign on to boost consumption
To leverage business from the growing demand for pork meat and to build up market share, the Jamaica Pig Farmers Association (JPFA) is revamping its processing operations to deliver more of the 'other white meat' to Jamaican tables. The idea is to deliver leaner cuts to grocers...
Jamaica hopes for commercial oil by 2010
High oil-consuming Jamaica could have commercial hydrocarbon by the end of 2010 as a number of prospects, particularly offshore, are showing positive indicators, according to Dr.Raymond Wright, consultant at the Petroleum Corporation of Jamaica (PCJ).
Lopez charged with growing FCIBJ's local, int'l investment business
Debra Lopez who joins FirstCaribbean International Bank (FCIB) on January 2 has been tasked with building up business for the Jamaican operation's wealth management operation, a job that includes leveraging the bank's nascent but promising international mortgage ...
The danger of investment schemes
The growth and acceptance that have been occurring in the 'investment clubs' have got out of control. It is incomprehensible how so many people can continue to give money to these 'schemes', despite the countless warning signs. I realise that many of the people investing...
Standard & Poor's affirms NCB rating
Standard & Poor's has affirmed its 'B/B' counterparty credit rating for National Commercial Bank Jamaica Limited (NCB), saying its stable outlook on the bank reflects operational improvements in a 'challenging environment'. The international ratings agency also said...
Supermarkets build revenues but denied 'real' growth - Market positions remain unchanged
Though some of the local grocery business was swallowed up by the physically and politically stormy climate of 2007, at the end of the year, supermarkets said they retained their market positions, with Super Plus again claiming the dominant share....
First-time home buys plunge in Britain
First-time buyer numbers have fallen to the lowest level in almost three decades, research from Britain's largest mortgage lender shows.An estimated 300,000 first-time buyers entered the housing market in 2007 — the lowest level since 1980, and 44 per cent less than in 2002...
IATA cuts 2008 air industry outlook on fuel and credit
The airline industry body, International Air Transport Association (IATA), slashed its forecast for industry profits in 2008 on Wednesday, warning that the spiralling cost of fuel and the impact of the credit crunch would reverse expected growth. IATA reduced its forecast for 2008...
US$100m in fines against firms for foreign bribery
Companies paying foreign government officials in a bid to secure contracts has emerged as one of the fastest growing targets for prosecutors and stock market regulators in the hunt for fraud, according to Justice Department and Securities and Exchange...
Alcoa sells packaging unit for US$2.7b
Alcoa Inc.said on Friday it agreed to sell its packaging and consumer businesses to New Zealand's Rank Group Limited for US$2.7 billion in cash, the latest move by the world's third-largest aluminum producer to focus on its core business.
General Motors Corp recalls 275,936 vehicles
General Motors Corp (GM.N) said on Friday it is recalling 275,936 Cadillacs, Pontiacs and Saturms sold in the United States because of a fluid leak that could lead to loss of control of the vehicle. The recall involves vehicles 2005-2007 model year Cadillac CTS, CTS-V and STS...
WTO sides with Mexico on steel pricing row - Raps some US anti-dumping measures
A World Trade Organisation (WTO) panel ruled last Thursday against some United States (US) anti-dumping measures to combat imports of Mexican stainless steel, in another rebuff for a controversial U.S.trade remedy. But the panel said the controversial method of calculating penalty...
Ariane rocket launches African and NA satellites
An Ariane-5 rocket blasted off from French Guiana last Friday, putting into orbit telecommunications satellites for Africa and North America, space officials said.The rocket was launched from Europe's space base in Kourou, on the northeast coast of South America...
Cisco changes structure
A "development council" composed of several executives will replace Cisco Systems Inc CEO heir-apparent Charles Giancarlo, who has resigned.Cisco Chairman and Chief Executive John Chambers announced the appointment of the group of executives to oversee...
Banks abandon plan for Super-SIV
The three top U.S. banks said they have abandoned a government-supported plan for a fund to bail out structured investment vehicles after Citigroup and others launched independent rescues, making the fund unnecessary. The retreat from the potentially US$80 billion Super-SIV...
SEC launches web tool to compare executive pay
The Securities and Exchange Commission (SEC) on Friday gave investors an easier way to compare executive compensation at 500 U.S. companies with an online, interactive tool. The online tool includes direct links to full proxy statements, including footnotes and the companies'...
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