Cracks in JMA over cement - CCC threatens pull-out - Tank-Weld says don't be swayed by rhetoric
The rhetoric has grown more heated, placing the Jamaica Manufacturers' Association (JMA) in the middle of a duel over cement that now threatens to split the lobby group apart. In a fit of anger over the decision of the JMA to side with cement importers...
Carreras stock costs Lascelles $2.7b
Tobacco investors continue to reap big dividends from Carreras Limited, but the value of that stock is still being buffeted by a market struggling to recover from the more than $200 billion erosion of investor wealth in the twilight months...
Rockfort baths back on the market - Carib Cement to run facility again
Dissatisfied with the performance of the Rockfort Mineral Bath Complex in Kingston, Caribbean Cement Company has taken back operational control of the facility, and is about to reopen it after a two and a half-year hiatus...
Gore to develop 828 homes at Florence Hall
Gore Development Limited will be developing 828 homes in Trelawny, one of the biggest residential projects ever to be rolled out in the parish. The local planning authority, Trelawny Parish Council, is in the process of reviewing the plans but said...
FSC says dealers must diversify product base - Takes issue with repo headline
THE EDITOR, Sir: THE FINANCIAL Services Commission (FSC) notes the contents of an article published in the Financial Gleaner of Friday, May 29, entitled, 'FSC sounds repo warning'.The title of the article is in our view...
GM tipped to sell Hummer to Chinese company
General Motors Corp took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands...
Clinton isolated on Cuba's re-entry
United States Secretary of State Hillary Rodham Clinton said Tuesday that any move to allow Cuba to rejoin the Organization of American States must be accompanied by democratic reforms in the communist nation. But she found herself isolated as other...
Trinidad rakes in TT$21b from BP
The Trinidad and Tobago government has reaped US$3.4 billion (TT$21 billion) in oil taxes and royalty from BP Trinidad and Tobago (BPTT).The revenue, covering more than two years of receipts - January 2007 to March 2009...
Mortgage company probed for alleged US$19m fraud
Federal authorities raided the offices of a Puerto Rico mortgage company last Wednesday to investigate an alleged fraud totalling nearly US$20 million. More than 50 agents took part in the search at two offices of Beneficial Mortgage in San Juan's...
China backs efforts to fight downturn - Geithner
The global economy is showing "early signs of stabilisation" due to action by the United States and China to end its worst slump in decades, US Treasury Secretary Timothy Geithner said yesterday. The two governments announced they would launch ...