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Citigroup to pay US$7b in sub-prime mortgage probe

July 15, 2014 - 10:46pm
Citigroup said on Monday that it will pay roughly US$7 billion to settle a federal investigation into risky sub-prime mortgages, the type that helped bring on the financial crisis.The bank, one of America's largest, revealed the deal as part of its...

Alcoa scores US$1.1b jet engine parts deal

July 15, 2014 - 10:46pm
Aluminium giant and aerospace manufacturer Alcoa Inc said on Monday that it had struck a 10-year deal to supply key parts for Pratt & Whitney's airplane engines.

Dawgen buys old Auburn Court building - Renames it St Lucia Towers

July 14, 2014 - 9:38pm
Auburn Court UHY Dawgen Chartered Accountants is the new owner of the six-storey structure at the corner of Trinidad Terrace and St Lucia Avenue, and is now transforming the former eyesore into a business centre.

What young entrepreneurs wish they knew before starting a business

July 14, 2014 - 9:38pm
As of January 2014, nearly 70,000 young people under the age of 25 were unemployed, according to the Statistical Institute of Jamaica.

VoIP block is not a net neutrality issue, says Digicel

July 14, 2014 - 9:38pm
Digicel Jamaica has confirmed that it is still blocking Viber and other VoIP providers, despite reports that many people are still accessing the services via its network.

Pension reform to allow hardship withdrawals from retirement savings

July 14, 2014 - 9:38pm
A new round of pension reforms will address the issue of portability and new vesting requirements, which fund managers say should expand participation in long- term retirement savings.

Cogle now Caribbean point man in Canada

July 14, 2014 - 9:38pm
Royal Bank of Canada (RBC) confirmed Friday that Roger Cogle, former head of its Jamaica operation, has been appointed the new Head, Business and Client Strategies for RBC Caribbean Banking and has repatriated to Toronto, Canada.

Coping in a difficult economy

July 14, 2014 - 9:38pm
How are you coping with the challenge of living in Jamaica in 2014? The financial situation is extremely difficult for many, particularly those without jobs, are underemployed, or in jobs that do not yield the same income as jobs previously held.

Applications roll in for Start-Up Jamaica

July 14, 2014 - 9:38pm
Start-Up Jamaica, the new accelerator programme for tech entrepreneurs, has already started to receive applications for its upcoming boot camp.

Comprehensive insurance advice for Jamaican in Kuwait

July 14, 2014 - 9:38pm
insurance HELPLINEComprehensive insurance advice for Jamaican in KuwaitQUESTION: I would like to get 'comprehensive' cover for my car.

Caricom plan no guarantee of delivery, success

July 14, 2014 - 9:38pm
A little over a week ago, Caricom Heads of government met in Antigua. The highlight, which was widely reported in the regional media, but largely ignored by the world beyond, was that Caricom is to have a strategic five-year plan.

Ford wrings mileage out of three-cylinder Fiesta

July 14, 2014 - 9:38pm
There's a new little secret under the hoods of some 2014 Ford Fiesta small cars.

President Putin kicks off Latin American tour with Cuba stop

July 14, 2014 - 9:38pm
Russian President Vladimir Putin began a six-day Latin American tour aimed at boosting trade and ties in the region with a stop last Friday in Cuba, a key Soviet ally during the Cold War that has backed Moscow in its dispute with the West over Ukraine.

Rusal's Ewarton mining licence also on the line - Paulwell, Rusal to meet today

July 12, 2014 - 7:17am
ALUMINIUM GIANT UC Rusal says it is seeking the Jamaican Government's "support" to reopen the Kirkvine and Alpart plants, but Mining and Energy Minister Phillip Paulwell said he has lost patience with the Russian company and has signalled...

Viber reports uptick in traffic amid VoIP blockade - Telecoms effort described as bad for business, education services

July 12, 2014 - 7:17am
A blockade of Internet-calling services, or VoIP, by local telecoms could impact the development of entrepreneurial companies in the technology sector and other services, sector interests say.

AirWatch offers means to police company data on mobile devices

July 12, 2014 - 7:17am
Mobile security firm AirWatch says it is eyeing Jamaica and the wider Caribbean as fresh territory to market its proprietary software which, it says, can discretely monitor use of company infor-mation on mobile devices....

BOJ intervenes to check 'unjustified' forex movements

July 12, 2014 - 7:17am
Bank of Jamaica Governor Bryan Wynter said Thursday that the central bank's intervention in the market during the day was a calculated move to prevent disorderly conditions in the market.Wynter said the rapid rate...

Coffee maker targets college crowd with True Brew

July 12, 2014 - 7:17am
Mavis Bank Coffee Factory Limited (MBCF) is hoping to make inroads into the instant coffee market through the newly launched True Brew, produced under its Jablum line.The product takes aim at university students and young...

JPS still targeting LNG for replacement capacity

July 12, 2014 - 7:17am
The green light for Jamaica Public Service Company to assume responsibility for replacing capacity appears to put onus on the company to swap out up to 292 megawatts to be retired from the grid.However, JPS said this week...

Minimum wage fuels entrepreneurial yearnings - GEM report

July 12, 2014 - 7:17am
Some Jamaicans who begin their own businesses do so to avoid the fearful prospect of low wages.That's one of the insights in the Global Entrepreneurship Monitor 2013, whose report states that more than one third of Jamaicans surveyed are earning minimum...