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Business

Published:Wednesday | October 5, 2011 | 12:00 AM

Jammin Java Corp is countering the signal from its Wall Street auditor about its viability as a 'going concern', saying it recently signed a vending machine deal worth US$2.5 million (J$215 million) annually and has nearly US$2 million (J$172 million)...

Published:Wednesday | October 5, 2011 | 12:00 AM

Insurance conglomerate Guardian Holdings Limited said Monday that it has concluded the sale of Jubilee Group Holdings Limited, its Lloyd's of London business, to Ryan Specialty Group LLC.The transaction was finalised on September 23, after regulators...

Published:Wednesday | October 5, 2011 | 12:00 AM

The Inter-American Development Bank and two donor partners will officially launch their joint US$40 million project designed to help regional companies compete more effectively for global business.The other sponsors of the programme called 'Compete...

Published:Wednesday | October 5, 2011 | 12:00 AM

Emera Inc on Tuesday announced that its wholly owned subsidiary Emera Caribbean Limited has agreed to sell its 19.1 per cent interest in LUCELEC to Barbados-based Light & Power Holdings Limited (LPH) for US$25.8 million.

Published:Wednesday | October 5, 2011 | 12:00 AM

The Bahamas and Cuba Monday signed a delimitation of maritime boundaries agreement, following negotiations that had been going on since 1998.The agreement calls for waters between The Bahamas and Cuba to be clearly marked and defined.Over the weekend,...

Published:Wednesday | October 5, 2011 | 12:00 AM

Greece weeks away from bankruptcy - The Standard & Poor's (S&P) 500 index fell 1.6 per cent early Tuesday, bringing it into what many consider to be a bear market, but later recovered ground.

Published:Wednesday | October 5, 2011 | 12:00 AM

United States Federal Reserve Chairman Ben Bernanke has reiterated that Congress should not cut spending sharply while the economy is weak.Bernanke told the Joint Economic Committee that lawmakers face a delicate challenge: They must avoid making deep...

Published:Wednesday | October 5, 2011 | 12:00 AM

In many countries, including Jamaica, companies have traditionally been required by law to appoint a company secretary. Despite the title, the role is not a secretarial or clerical one in the usual sense...

Published:Wednesday | October 5, 2011 | 12:00 AM

Trinidad's CL Financial Group has denied reneging on its offer of a partial payment on the US$342 million owed to noteholders in Jamaica and T&T....

Published:Wednesday | October 5, 2011 | 12:00 AM

FirstCaribbean International Bank will acquire two regional companies, CIBC Bank and Trust Company based in Cayman, and CIBC Trust Company in the Bahamas, from its parent in a shares-only transaction that will result in a marginal uptick of CIBC's...

Published:Wednesday | October 5, 2011 | 12:00 AM

National Commercial Bank Jamaica is being pressured to side with other CL Spirits bondholders, who in a closed door meeting Monday opted to declare the debt in default and force CL Financial to put up Lascelles stock ...

Published:Tuesday | October 4, 2011 | 12:00 AM

The Port of Falmouth was presented the Port of the Year Award at the Seatrade Insider Cruise Awards 2011, held at Seatrade Europe, Schmidts Tivoli Theatre, in Hamburg Germany on September 27....

Published:Tuesday | October 4, 2011 | 12:00 AM

CMA CGM has been recognised as the Company of the Year by Lloyd's List during a ceremony organised in London on September 20.Renowned as a mark of excellence in the shipping industry, it reveals the group's ability to innovate and react quickly to meet...

Published:Tuesday | October 4, 2011 | 12:00 AM

Oil is starting the last quarter of 2011 at the lowest level in more than a year as Greece's debt crisis and the possibility of another recession spooks investors.Benchmark crude on Monday fell 59 cents to US$78.64 per barrel in early afternoon trading...

Published:Tuesday | October 4, 2011 | 12:00 AM

Starbucks Corp hopes customers will be willing to pay at least US$5 more when they stop in for their morning cup of Joe.Starting November 1, Starbucks will begin collecting donations of US$5 or more from customers to stimulate American job growth...

Published:Monday | October 3, 2011 | 12:00 AM

Like her neighbours in the rural fishing village of Portland Cottage in Clarendon, Ann-Marie Daley's life and livelihood were ravaged by the 'brutish' Hurricane Ivan in 2004."I lost my chicken coop, I lost my boat, I lost everything," the JN Small...

Published:Monday | October 3, 2011 | 12:00 AM

Leadership is a gift given by God to effectively facilitate structure and order in all areas of life, for the benefit of all involved. Leaders must, therefore, possess strong administrative skills. They must also be diligent, teachable and a strong team player.....

Published:Monday | October 3, 2011 | 12:00 AM

A FUNDAMENTAL promise made by Bruce Golding when he became prime minister in 2007 was that he would be the chief servant of the people. He promised, among other things, to construct a social and economic ladder to enable the poor and ignored...

Published:Sunday | October 2, 2011 | 12:00 AM

Question: I have seen in the news recently where the insurance companies and a section of the police force are ganging up against members of the public.

Published:Sunday | October 2, 2011 | 12:00 AM

Despite scientific evidence to the contrary, scepticism about climate change appears to be gaining wider global credence.

Published:Sunday | October 2, 2011 | 12:00 AM

Scotia Group Jamaica has tapped Lissant Mitchell as replacement head of its wealth arm Scotia Investments Jamaica Limited, a position he will transition into over the next month while Anya Schnoor packs for Canada.

Published:Sunday | October 2, 2011 | 12:00 AM

Consultant actuary Constance Hall, an expert in the field of pensions, is advocating major changes to the current national insurance scheme (NIS), starting with a doubling of the size of contributions, to strengthen and...

Published:Sunday | October 2, 2011 | 12:00 AM

The Bank of Jamaica has cut interest rates on its 30-day certificate of deposit by 25 basis points to 6.25 per cent, on expectations of tempered inflation.

Published:Sunday | October 2, 2011 | 12:00 AM

There's no denying that the decline in Jamaica's ranking in the 2011 Global Competitiveness Report (GCR) has given pause to consider the negative global perception of Jamaica and the potential impact on business and investor confidence.

Published:Sunday | October 2, 2011 | 12:00 AM

The real estate market remains soft, and equities offer a mixed bag of opportunities, but last Thursday pension fund managers were told that both investment areas were poised for acquisitions.

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