Peloton is recalling about 125,000 of its treadmills, less than a month after denying they were dangerous and saying it would not pull them from the market, even though they were linked to the death of a child and injuries of 29 others. The...
The Jamaica Stock Exchange (JSE) combined index advanced on Wednesday with an advance/decline ratio of 42/33. The JSE Combined Index advanced by 1,147.01 points or 0.28 per cent to close at 408,565.59. The JSE Main Market Index advanced by 816.03...
Jamaica-based directors of Mystic Mountain Rainforest Adventures have been dealt a further blow in their bid to retain management control of the eco-attraction, even as the business has been granted a second reprieve until next month to avoid being...
l Goodyear Jamaica Limited, a defunct company that voluntarily wound itself up a dozen years ago, is finally to distribute funds left over after the liquidation to shareholders, according to a notice posted on Friday on the Jamaica Stock Exchange....
Caribbean Cement Company Limited, the maker of Carib Cement, recorded $1.5 billion of profit in the March quarter, which is three times the earnings recorded in the comparative 2020 period. The quarter’s outstanding performance already puts the...
United States health regulators pledged again to try to ban menthol cigarettes, this time under pressure from African American groups to remove the mint flavour popular among black smokers. The US Food and Drug Administration, FDA, has attempted...
The United States Treasury Department says it expects to borrow US$463 billion in the current April-June quarter and US$2.28 trillion for the full budget year, as the government finances continued pandemic relief measures. Treasury officials...
Saudi Aramco said Tuesday its profits soared by 30 per cent in the first quarter of the year, compared to last year, riding on the back of higher crude oil prices. The results come as some of the world’s biggest economies are clawing their way out...
Microlending firm Dolla Financial is floating a $200-million bond, amid plans for at least two acquisitions this year. Dolla has the option of upsizing the bond to $300 million, according the private placement memorandum obtained by the Financial...
Pfizer, buoyed by a huge jump in sales for its COVID-19 vaccine and solid performance across most of the company, is hiking its 2021 financial forecast sharply after blowing past Wall Street expectations for the first quarter. The New York...
Supreme Ventures Limited, SVL, announced the purchase of a 10-per cent stake in Main Event Entertainment Group Limited, an events production company valued at $1.05 billion on the stock market. The stake bought by SVL Group would be valued around $...
Latin America and the Caribbean need a hard reset. With less than one-tenth of the world’s population, the region has accounted for more than one-quarter of total COVID-19 deaths. The pandemic continues to rage almost unabated in Brazil, Paraguay,...
Jamaica is seeking investors to pump at least US$30 million ($4.5 billion) into developing and managing a tourist train that would link the beaches of the north coast with the sugar plantations inland. Phase one of the project entails developing a...
Aiming to sustain its momentum after record performance last year, electrical company FosRich is months away from entering the export market with PVC pipes that it will supply to construction markets in the region. FosRich, which began...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Tuesday with an advance/decline ratio of 39/38. The JSE Combined Index advanced by 7,432.58 points or 1.86 per cent to close at 407,418.58. The JSE Main Market Index advanced by 8,254.00...
AOL and Yahoo are being sold again, this time to a private-equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global Management in a US$5 billion deal. Verizon said on...
The Jamaica Stock Exchange (JSE) Combined Index declined on Monday with an advance/decline ratio of 50/32. The JSE Combined Index declined by 9,662.36 points or 2.36 per cent to close at 399,986.00. The JSE Main Market Index declined by 11,219.79...
PanJam Investments Limited, a property development and investment company founded by the Facey family, has chosen a new leader. Joanna Banks is being promoted to CEO, effective July 1, while Stephen Facey will assume the title of executive...
Jamaican Teas is coming to market with an instant turmeric-ginger tea mix in July, amid growing demand for the active ingredient in turmeric, curcumin, which has been proposed as a potential treatment for COVID-19. The health-driven demand for...
NCB Financial Group’s profit has fallen both for the quarter and fiscal year to date but is telegraphing confidence of better outcomes in the periods ahead. The good news for holders of the NCBFG stock is that NCB Financial reversed an earlier...
Vaccine inequity has become a matter of deep global concern. The issue, as told to a recent meeting of the UN Economic and Social Council by Tedros Adhanom Ghebreyesus, director general of the World Health Organisation, WHO, is “the challenge of...
Is your company preparing to conduct its customary annual retreat? You may want to scrap it and instead create a breakthrough event. In the best of times, companies fall into a strategic planning rut. They follow the same routine each year, lulled...
Engineers at General Motors have figured out how to fix a battery problem with the Chevrolet Bolt electric hatchback that caused five of them to catch fire. The company says they developed diagnostic software to look for anomalies in the batteries...
Your money personality is the sum of your character traits regarding money as reflected in your personal values and attitudes to it. It guides your choices of earning and spending decisions. It develops over time and is determined by experiences...
“Sea wall project nears end as erosion hits Buff Bay shoreline” read a story headline in last Wednesday’s Gleaner. The article said that the Government was spending $41 million to construct a sea wall along the coastline of Buff Bay, Portland. This...
