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Business

Published:Friday | August 13, 2010 | 12:00 AM

General Motors Company chief Ed Whitacre said Thursday he's stepping down as CEO on September 1, his mission accomplished as the company reported its second straight quarterly profit.Whitacre, 68, will be replaced by GM board member Daniel Akerson.

Published:Thursday | August 12, 2010 | 12:00 AM

LOS ANGELES (AP):The number of United States (US) homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind...

Published:Thursday | August 12, 2010 | 12:00 AM

Fish farmers are hopeful that a series of meetings between them, processors and the Government will result in solutions that will help to revitalise the sector. But even before the meetings end, there are concerns that pressure from importers ...

Published:Wednesday | August 11, 2010 | 12:00 AM

BEIJING (AP):China has ordered 2,087 steel and cement mills, and other factories with poor energy efficiency to close, as the country struggles to cut waste and improve its battered environment....

Published:Wednesday | August 11, 2010 | 12:00 AM

Pointing to Jamaica's improved economic environment and the bank's strong position in the domestic market, the regional rating agency, CariCRIS, has upgraded a notch, its rating on a notional US$75 million debt issue by National Commercial Bank (NCB)....

Published:Wednesday | August 11, 2010 | 12:00 AM

NEW YORK (AP):Dozens of people who recouped more than their investments in imprisoned financier Bernard Madoff's (MAY'-dawfs) business have asked a federal court in New York City to force a trustee to include...

Published:Wednesday | August 11, 2010 | 12:00 AM

LONDON (AP): Falling house prices and slowing retail spending are stoking fears that Britain's recovery from a deep recession is losing momentum, although the bad news was tempered ...

Published:Wednesday | August 11, 2010 | 12:00 AM

ATLANTA (AP): Wendy's/Arby's Group plans to open 180 dual-branded Wendy's and Arby's restaurants in Russia over the next 10 years.The company's international affiliate signed a deal with Wenrus Restaurant Group Ltd...

Published:Wednesday | August 11, 2010 | 12:00 AM

Impacted significantly by a strengthened Jamaican dollar that weakened, at least on the books, the value of the foreign currency assets, Mayberry Investments (MIL) reported a $10.9 million loss in the quarter to the end of June...

Published:Wednesday | August 11, 2010 | 12:00 AM

NEW YORK (AP): Stock retreated yesterday as investors grew more cautious before the Federal Reserve's policy meeting and after reports that showed economic growth slowing in the United States (US) and China....

Published:Wednesday | August 11, 2010 | 12:00 AM

LONDON (AP): Fancy a credit-crunch keepsake or a meltdown memento?Artworks, objects and office signs from the European offices of Lehman Brothers are being auctioned to help pay creditors of the failed investment bank...

Published:Wednesday | August 11, 2010 | 12:00 AM

Montenegro (AP): Montenegro will offer its citizenship to wealthy businessmen who invest more than €500,000 (US$662,650) in the tiny Adriatic country, the government said yesterday.

Published:Wednesday | August 11, 2010 | 12:00 AM

The head of Jamaica's sole wheat-processing facility says there is no immediate supply threat or price spike to domestic consumers, despite global worry over the possibility of a shortfall because of a drought in Russia and floods in India...

Published:Wednesday | August 11, 2010 | 12:00 AM

India (AP): India's Tata Motors posted quarterly profit of 19.9 billion rupees (US$428.4 million) yesterday, turning around a loss as reviving global demand for its Jaguar and Land Rover brands made up for rising commodities costs....

Published:Wednesday | August 11, 2010 | 12:00 AM

Seprod Limited, the foods and household manufacturer that has recently been investing heavily in agriculture, is to spend more than $600 million on capital projects this year, including ventures into bee and sheep rearing, the company's managing director...

Published:Wednesday | August 11, 2010 | 12:00 AM

Jamaica's Anti-Dumping and Subsidies Commission (ADSC) says it will need more time to determine whether cement imported from the Dominican Republic has been dumped and has given itself an additional 45 days within which...

Published:Tuesday | August 10, 2010 | 12:00 AM

A wheat stockpile in India that could feed 210 million people for a year is starting to spoil because the government lacks enough warehouses to store it - a lightning rod for local discontent that could send ripples through the world market for the grain.

Published:Tuesday | August 10, 2010 | 12:00 AM

I work locally for a well-known international organisation but I have never travelled before. A temporary assignment has come up in the UK and I am being encouraged to apply for it. I am sure the organisation will guide me through the process for a visa if I apply and am successful. However, I would still like to know what is involved...

Published:Tuesday | August 10, 2010 | 12:00 AM

The government of this oil-rich twin-island republic yesterday said it had applied for membership in the Brussels-based Egmont group of Financial Intelligent Units (FIUs).

Published:Tuesday | August 10, 2010 | 12:00 AM

Russian Prime Minister Vladimir Putin said Monday that this year's wheat harvest will be off more than a third, down to 60 million tonnes. Last year, the world's third largest grain exporter harvested 97 million tons of wheat and exported 21.4 million tonnes.

Published:Monday | August 9, 2010 | 12:00 AM

There are many people going through various storms today. These storms can range from financial hardship to marriage and family breakups! Whatever situation you are going through there is no lack...

Published:Monday | August 9, 2010 | 12:00 AM

Numerous investment opportunities are emerging in the local agricultural sector, according to industry experts who warn that critical challenges hurting the sector have to be tackled swiftly...

Published:Sunday | August 8, 2010 | 12:00 AM

The Jamaica Dairy Development Board (JDDB) says the one per cent levy recently imposed on the farm-gate price of milk will have minimal impact on consumer prices even as it generates an estimated J$64 million in its first year to finance projects to help resuscitate the island's struggling dairy industry.

Published:Sunday | August 8, 2010 | 12:00 AM

University and college application and enrolment timetables locally have been altered by economic conditions, as prospective students, faced with growing inability to pay, wait until the last minute to apply, and institutions, confronted by dwindling student numbers, continue eleventh-hour registration appeals.

Published:Sunday | August 8, 2010 | 12:00 AM

Travellers used to getting a free wireless Internet connection on land are not willing to pay for one at 30,000 feet (9,000 metres). Wireless Internet service on airlines has not caught on, mostly because of the price.

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