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Business

Published:Friday | July 9, 2010 | 12:00 AM

Claro Jamaica says it has grown its customer base by 100,000 subscribers in the first calendar quarter, and that it has amassed a total of 400,000 new clients since its market entry.The telecoms firm also said its new business came at the expense of...

Published:Friday | July 9, 2010 | 12:00 AM

Luis Alberto Moreno was re-elected president of the Inter-American Development Bank (IDB) for a second five-year term, which officially begins October 1.As president of the bank, Moreno also serves as chairman of the Board of Executive Directors of the...

Published:Friday | July 9, 2010 | 12:00 AM

Sagicor Life Jamaica Limited has got a six-month extension on the administration of the Government Employees' Administrative Services Only (GEASO) health scheme, but there is still no...

Published:Thursday | July 8, 2010 | 12:00 AM

The cost of Super Lotto tickets and the daunting reality that the game has not had a winner since its August 2009 start have pushed some lottery players to stick to the more popular...

Published:Thursday | July 8, 2010 | 12:00 AM

An experimental solar-powered plane took off from western Switzerland on Wednesday for a 24-hour test flight - a key step in a historic effort to one day circle the globe using only energy collected from the sun.The plane, with its 262.5-foot (80-metre)...

Published:Wednesday | July 7, 2010 | 12:00 AM

The British government, which is poised to lay off hundreds of thousands of employees, announced Tuesday that it will slash its payoffs to long-serving civil servants who lose their jobs....

Published:Wednesday | July 7, 2010 | 12:00 AM

A European Union court ruled Tuesday that antitrust regulators were right to block Ryanair's hostile 2007 bid for rival Irish airline Aer Lingus. The General Court, the EU's second-highest judicial authority, also backed the European Commission's refusal...

Published:Wednesday | July 7, 2010 | 12:00 AM

The washing-machine cycle takes about 45 minutes - and George Washington comes out much cleaner in the Zimbabwe-style laundering of dirty money.Low-denomination US bank notes change hands until they fall...

Published:Wednesday | July 7, 2010 | 12:00 AM

Diageo PLC, the world's largest producer and distributor of alcoholic drinks, is using maturing whisky to plug a deficit in the company's pension plan.

Published:Wednesday | July 7, 2010 | 12:00 AM

Toyota knew two years ago about the engine problem behind its latest Lexus recall, even changing the spring part to correct it, but did not think a recall was warranted until recently, a company official said Tuesday....

Published:Wednesday | July 7, 2010 | 12:00 AM

BP Plc says it has no plans to issue new shares to help pay for the Gulf of Mexico oil spill, giving its shares a further boost amid rumours of interest from sovereign wealth funds.

Published:Wednesday | July 7, 2010 | 12:00 AM

The Houston building that housed the headquarters of disgraced financier Allen Stanford has been sold for US$12.5 million after an auction failed to attract competing offers."We are about to file a motion to confirm the sale,"...

Published:Wednesday | July 7, 2010 | 12:00 AM

Prime Minister Baldwin Spencer Monday said that Antigua and Barbuda would seek sanctions against the United States (US) if Washington continues to thwart efforts at finding a negotiated solution to its dispute over Internet gaming services...

Published:Wednesday | July 7, 2010 | 12:00 AM

Haiti President Rene Preval has hailed his country's "excellent" relationship with Cuba during a weekend stop in the Spanish-speaking country.

Published:Wednesday | July 7, 2010 | 12:00 AM

Riders and drivers caught using a cellphone on the road face a US$500 fine, Bermudan lawmakers have agreed. Legislation banning the use of mobile phones, iPods and other hand-held devices while driving was passed in the House of Assembly on Friday...

Published:Wednesday | July 7, 2010 | 12:00 AM

Swedish development company Zublin says it is disappointed over the government's decision not to give its multimillion-dollar tourism project the green light. Zublin, whose project included a four-star hotel and casino, received official communication...

Published:Wednesday | July 7, 2010 | 12:00 AM

Jamaica Broilers Group has locked down production of ethanol, but said Tuesday that the company has sufficient supplies in inventory to fully service its contractual obligations, and that it expects the closure to be temporary. The poultry company...

Published:Wednesday | July 7, 2010 | 12:00 AM

Technology is now available to the local motor insurance industry to reconstruct accident scenes and, therefore, make the investigation of claims more precise. In a bid to modernise the investigation of claims, the new information technology platform...

Published:Wednesday | July 7, 2010 | 12:00 AM

Lasco Group of Companies has placed its cambio business under the operations of Lasco Financial Service in a restructuring that the company insists does not amount to a merger of the two entities.Lasco Cambio remains operational under that trading name...

Published:Wednesday | July 7, 2010 | 12:00 AM

There was a general reduction in demand for labour during the last financial year, according to the latest labour report, which bases its assessment on jobs advertised in the major newspapers....

Published:Wednesday | July 7, 2010 | 12:00 AM

Howard Hall, Air Jamaica's Vice President Finance and Information Technology (IT), has also been named general manager of the airline. He replaces Bruce R. Nobles whose contract ended June 30.

Published:Wednesday | July 7, 2010 | 12:00 AM

Jamaica's mobile market has grown modestly during the recession, at an annual rate of more than five per cent, the most current industry data shows, but the consumption of talk time and text...

Published:Wednesday | July 7, 2010 | 12:00 AM

m Group Limited (BPOW) has profited from a debt for equity swap and a turnaround in raw material prices, and says it is now set to roll-out new products by October. The company, whose stock recently listed on the junior stock market...

Published:Tuesday | July 6, 2010 | 12:00 AM

BP Plc's costs for the disastrous Gulf of Mexico oil spill climbed nearly half a billion dollars in the past week, raising the oil giant's tab to just over US$3 billion for work on cleaning and capping the gusher and payouts to individuals, businesses and governments...

Published:Tuesday | July 6, 2010 | 12:00 AM

General manager of the Shipping Association of Jamaica (SAJ), Trevor Riley, has pledged to make health care and education the focus of his tenure as president of the Rotary Club of Liguanea Plains (RCLP). Riley was installed as president of RCLP last...

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