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Business

Published:Friday | August 30, 2019 | 12:00 AM

Entering Black River from the east, one crosses an old metal bridge that spans the mouth of the river where it empties into the Caribbean Sea. History beckons on both sides and along High Street. The senses of smell, sight and hearing compete for...

Published:Friday | August 30, 2019 | 12:07 AMEarl Moxam - Gleaner Writer

The sibling team of Christos and Melisha Brown is collaborating in law and in business. They were doing well in their law practice but have recently been wooed by the challenge and adventure of the competitive hardware trade, setting up shop in...

Published:Friday | August 30, 2019 | 12:06 AMHuntley Medley - Senior Business Writer

High interest rates will kill off businesses, and Delroy Christie knows this only too well because he has been a casualty of the unforgiving regime of the 1990s. Christie is a serial businessman who is holding his own in sectors including...

Published:Thursday | August 29, 2019 | 12:24 AM

Purdue Pharma and the thousands of state and local governments suing the maker of OxyContin over the nation’s deadly opioid crisis are negotiating a US$10-billion to US$12-billion settlement under which the Sackler family would give up ownership of...

Published:Wednesday | August 28, 2019 | 12:45 AM
Published:Wednesday | August 28, 2019 | 12:44 AM
Published:Wednesday | August 28, 2019 | 12:41 AM

Opposition lawmakers declared Tuesday that they would work together to try to stop a departure from the European Union (EU) ­without an agreement, setting up a legislative challenge to Prime Minister Boris Johnson and his promise to complete the...

Published:Wednesday | August 28, 2019 | 12:41 AM

Montana Governor Steve Bullock was told how he could qualify for the next presidential debate, but it didn’t make much sense: Spend $60. Attract a US$1 donor. And repeat, maybe thousands of times. “You spend US$60 on Facebook right now to get a US$...

Published:Wednesday | August 28, 2019 | 12:37 AM

A former Google engineer was charged Tuesday with stealing closely guarded secrets that he later sold to Uber as the ride-hailing service scrambled to catch up in the high-stakes race to build robotic vehicles. The indictment filed by the US...

Published:Wednesday | August 28, 2019 | 12:36 AMSteven Jackson/Business Reporter

Knutsford Express Limited, which provides cross-country bus services, has invested about US$400,000 (J$55 million) to acquire its overseas bus-hireage service, KE Connect US. The company chose to invest a manageable amount in the business rather...

Published:Wednesday | August 28, 2019 | 12:36 AM

An Iowa journalist who wrote a book about a lottery insider who rigged jackpots in several states has been subpoenaed to turn over notes related to his reporting. Perry Beeman received the subpoena last week from a law firm representing Larry...

Published:Wednesday | August 28, 2019 | 12:32 AM

SSL Venture Capital Jamaica Limited is moving to have management and structural changes of Muse 360 Integrated ratified by its board, following the resignation of the investment holding’s CEO and founder, André Burnett. Muse 360 is one of four...

Published:Wednesday | August 28, 2019 | 12:31 AM

An Oklahoma judge on Monday found Johnson...

Published:Wednesday | August 28, 2019 | 12:31 AM

Never mind his differences with world leaders on China, trade, Russia, Iran and more. President Donald Trump’s takeaway message from the Group of Seven summit in France was “unity.” In fact, “flawless” unity. During this year’s gathering of leaders...

Published:Wednesday | August 28, 2019 | 12:30 AM

Consumer confidence dipped slightly in August after a big rebound in July. The Conference Board, a business research group, said Tuesday that its consumer confidence index edged down to 135.1 in August, slightly below a July reading of 135.8, which...

Published:Wednesday | August 28, 2019 | 12:29 AM

Stocks moved broadly higher in early trading on Wall Street Tuesday, extending the market’s solid gains from the day before. Technology and healthcare stocks accounted for much of the gains. Autodesk rose 1.8 per cent and Regeneron Pharmaceuticals...

Published:Wednesday | August 28, 2019 | 12:26 AMKarena Bennett/Business Reporter

Jamaica has reported ­another contraction in cruise passenger arrivals for June 2019, but there is hope that the country should see increases in arrivals, given plans for the development of a new cruise berthing facility in George Town, Grand...

Published:Wednesday | August 28, 2019 | 12:26 AM

The Jamaican economy expanded by one per cent in the quarter to June this year, driven mainly by a 5.6 per cent increase in the hotels and restaurants sector, and a 4.5 per cent increase in mining and quarrying. The outturn for the quarter largely...

Published:Wednesday | August 28, 2019 | 12:15 AMAvia Collinder/Business Reporter

Sagicor Life, a subsidiary of Sagicor Group Jamaica, has customised six new plans for small businesses which need health coverage for employees. The company has not shared the new coverage levels and payments attached, but said that the plans are...

Published:Wednesday | August 28, 2019 | 12:15 AM

Listed general insurance company General Accident (GENAC) is already eyeing another good year after a near 40 per cent increase in half-year profits. “If our run rate continues as it is now or even ticks up a little, then we should have a better...

Published:Wednesday | August 28, 2019 | 12:14 AMAvia Collinder/Business Reporter

The Jamaica Coffee Exporters Association (JCEA) is planning to drum up quality demand for Jamaica Blue Mountain coffee (JBM) through its marketing programme which is under way. JCEA president Norman Grant said the body will host 35 large coffee...

Published:Wednesday | August 28, 2019 | 12:14 AMAvia Collinder/Business Reporter

The Ministry of Labour, in response to advertisements in early August where recruiters sought to attract the attention of business process outsourcing (BPO) workers for the Cayman Islands and also solicit graduate teachers for the United States of...

Published:Tuesday | August 27, 2019 | 12:18 AM

German business confidence has fallen for a fifth consecutive month and hit a nearly seven-year low, a closely watched survey found on Monday – adding to mounting worries that Europe’s biggest economy is headed for a recession. The Ifo institute...

Published:Sunday | August 25, 2019 | 12:00 AM

  Barita Investments Limited, which offers wealth management, brokerage and investment banking services, plans to raise $3.5 billion in its second rights issue for the year.  The offer runs from September 2 to 13.  The company will...

Published:Sunday | August 25, 2019 | 12:27 AM

President of the United States Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed “did NOTHING!” and wondering who is “our bigger enemy” — Powell or...

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