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Business

Published:Friday | December 3, 2010 | 12:00 AM

Lawyers for dismissed chief executive officer of Caribbean Airlines Limited (CAL), Captain Ian Brunton, have accused the company of acting unlawfully and is demanding that it recant its dismissal letter.

Published:Friday | December 3, 2010 | 12:00 AM

Even after finalisation of the US$113-billion EU-IMF bailout package to Ireland earlier this week, European financial markets were still nervous that the debt crisis could spread to other vulnerable countries on the continent - Italy, Portugal, Spain.

Published:Thursday | December 2, 2010 | 12:00 AM

The government has launched a $50-million revolving fund which it hopes will help provide a cushion to farmers during down cycles in their business, such as when gluts wipe their earnings leaving little, or no cash to prepare for the next crop....

Published:Thursday | December 2, 2010 | 12:00 AM

Stafford Burrowes says he plans to use the bulk of the $240 million he hopes to raise by taking Dolphin Cove public to pay down expensive debt and upgrade facilities of the attraction company. Burrowes who, at present, directly owns 88 per cent...

Published:Thursday | December 2, 2010 | 12:00 AM

Sales of General Motors cars and trucks rose 11 per cent last month as the auto industry's slow-motion recovery continued to gain traction.Industry analysts say the numbers, combined with a strong October, show that consumers who have kept their jobs...

Published:Wednesday | December 1, 2010 | 12:00 AM

Finance Minister Winston Dookeran said Monday that he is disappointed by the decision of the CLICO Policy-holders Group to take legal action against the six-month-old Trinidad and Tobago government.Last week, Dookeran said...

Published:Wednesday | December 1, 2010 | 12:00 AM

Lecturers at the St Augustine campus of the University of the West Indies (UWI) have agreed to a five per cent salary increase over a three year period, even as public workers gear up for further industrial action against the six-month-old Trinidad...

Published:Wednesday | December 1, 2010 | 12:00 AM

Premier Joseph Parry says a new amendment to the Income Tax Act targeting corporate profits will provide much-needed revenue to the island and is part of the efforts by The Nevis Island Administration to seek more autonomy from St Kitts."This historic...

Published:Wednesday | December 1, 2010 | 12:00 AM

Alfred Thomas wants to take his four-year-old company public, but isn't ready to take the plunge just yet.Instead, he will use the next two years to expand the product range at Pioneer...

Published:Wednesday | December 1, 2010 | 12:00 AM

Trinidad-based Republic Bank Limited says it will no longer be proceeding with the acquisition of additional shares in Barbados National Bank (BNB) following the breakdown of talks with the Fruendel...

Published:Wednesday | December 1, 2010 | 12:00 AM

Desperate to stimulate new jobs in the economy, the Government is willing to give up income on unused factory space, but the targeted new manufacturing investors will still have to cough up some cash for the space they...

Published:Wednesday | December 1, 2010 | 12:00 AM

Europe's debt crisis cast its gloom over larger countries like Spain on Tuesday as investors sold off government bonds on worries that the common-currency region will be strained by more expensive bailouts. The yields on Spain's 10-year bonds jumped...

Published:Wednesday | December 1, 2010 | 12:00 AM

The Digicel Group is taking a US$65 million (J$5.6 billion) bet on downtown Kingston, representing the size of the investment in its new headquarters on which construction will last around 18 months.The development will bring 1,000 of Digicel's regional...

Published:Wednesday | December 1, 2010 | 12:00 AM

Businessman Tony Hart will be going to the market Friday with an offer of J$12.50 per share for his port company Cargo Handlers Limited, but has confined the float to 8.3 million share units or less than 18 per cent of the company's authorised capital...

Published:Wednesday | December 1, 2010 | 12:00 AM

The Grenada government says it has defied the advice of the International Monetary Fund (IMF) to introduce a tax amnesty and reduce the value-added tax (VAT) on key sectors in an effort to stimulate economic growth.Finance Minister Nazim Burke made...

Published:Wednesday | December 1, 2010 | 12:00 AM

Wisynco Group which already manufactures two of beverage giant Coca-Cola Company products, and distributes a handful of others, on Monday signed an agreement making it the exclusive franchise distributor for the global company's brands....

Published:Wednesday | December 1, 2010 | 12:00 AM

The Caribbean Court of Justice (CCJ) Monday reserved its ruling in a landmark case that could determine whether the present Belize government can take legal action against former government ministers for losses suffered by the state...

Published:Wednesday | December 1, 2010 | 12:00 AM

China's government announced a new crack-down Tuesday on rampant illegal copying of products from software to music that is adding to tensions with Washington and other governments over trade and currency complaints....

Published:Wednesday | December 1, 2010 | 12:00 AM

Security company Guardsman Group will retrofit a downtown property acquired this month to house three of its businesses and areas to train personnel, but how much it spends will depend on the financing secured, the company said last Thursday....

Published:Wednesday | December 1, 2010 | 12:00 AM

A large oil refinery in Venezuela has been idled by a power outage, and could take another week to be back to full operation.

Published:Tuesday | November 30, 2010 | 12:00 AM

Kraft Foods Inc said Monday it is starting arbitration proceedings against Starbucks Corp's move to end its agreement with Kraft to distribute and promote its packaged coffee in stores.Earlier this month, Starbucks said it would end its agreement...

Published:Tuesday | November 30, 2010 | 12:00 AM

Shareholder approval for a £5.7 billion (US$8.9 billion) merger between British Airways PLC and Iberia SA to create Europe's No 3 airline was over-shadowed Monday by the threat of new strikes at the British flag carrier...

Published:Tuesday | November 30, 2010 | 12:00 AM

Roger Hinds has been returned unopposed as president of the Shipping Association of Jamaica (SAJ) for the 2011 period. Vice-president of the SAJ, Kim Clarke, was also returned unopposed, while the other members of the managing committee were returned...

Published:Tuesday | November 30, 2010 | 12:00 AM

OCHO RIOS, St Ann: OCHO RIOS welcomed a new cruise ship last Thursday as the Ventura, operated by the Britain-based company P&O Cruises, made the first of five calls for the cruise-ship season. With a capacity of 3,400 and a crew of 1,100, the Ventura ...

Published:Monday | November 29, 2010 | 12:00 AM

It doesn't matter what field or profession you are in - whether you are an entrepreneur, a doctor, teacher, nurse, store clerk or politicians, head of state - we all need encouragement. Oftentimes, people want others to feel as if they are not making a difference...

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