Pan Caribbean snaps up Mayberry shares... Now third largest stockholder
Pan Caribbean Asset Manage-ment (PCAM), the unit trust arm of financial conglomerate, Pan Carib-bean Financial Services (PCFS), has snapped up some 20 million shares of Mayberry Investments Limited (MIL) for its Sigma Optima unit trust.

Caribrake 'good fit' with Tropical Battery - Melvilles expect acquisition to drive sales
The Melville brothers are banking on their acquisition of Gordon 'Butch' Stewart's Caribbean Brake Products (Caribrake) to drive efficiencies and help their Tropical Battery Company corner a bigger portion of the Jamaican market for automotive supplies.

US$30m deal for Holiday Inn scrapped
Hospitality Proper-ties Trust (HPT), a real estate investment trust based in New York, has backed away from a deal to buy Holiday Inn Sunspree Resort Montego Bay from for which it had been prepared to pay US$30 million ($1.98 billion).

Facey takes $136m hit on German operations, hurts Seprod earnings
Facey Commodity suf-fered a $136 million loss in its German-based Mobile Virtual Network Operation (MVNO), last year, causing a drop in Seprod's earnings from associated companies, according to the managing director of Seprod, Byron Thompson.

Broilers reports 16 per cent first-quarter profit
Jamaica Broilers Group yesterday reported after-tax profit of $57.75 million for the first quarter to July 22, representing a return to stockholders of 4.4 cents a share, approximately 16 per cent..

Market analysts see positive signs
As the end of summer approaches, the stock market continues to fluctuate with thin trading volumes, but analysts believe that there are positive signs. "Towards the end of this month, there should be an uptick" ...

Digital divide narrows work options for minorities
WASHINGTON, United States (AP): Many more white schoolchildren use the Internet than Hispanic and black students in the United States, a reminder that going online is hardly a way of life for everyone.