Mirant to net US$350m for JPS
Mirant Corporation will net, after backing out debt and other financial obligations, an estimated US$350 million, from the sale of Jamaica Public Service (JPS), which is being offloaded with its other Caribbean energy assets to Japan's Marubeni Corporation...
C&WJ loses financial officer
Cable and Wireless Jamaica (C&WJ) has lost its chief financial officer Mark Thompson, a year and a half after he first joined the telecom. C&WJ said Thompson left to pursue "other opportunities", which insiders say is reference to his being offered participation...
Scotia Group lists on stock exchange - Dives on first day of trading
The newly constituted Scotia Group (SGJ), whose stock was listed on the Jamaica Stock Exchange Tuesday, lost $1.45 or 6.2 per cent of its value on its first day of trading when 22,630 non-block ordinary shares changed ownership.
Air Jamaica outsources vacation arm to American company
National carrier Air Jamaica has outsourced its travel booking arm, Air Jamaica Vacations, to an American company, Mark Travel Corporation, effective August 1. Air J bookings of Caribbean vacations, which are normally inclusive of travel and hotel packages...
Caribbean worried about changes in energy market
Changes in the international energy market will have "profound impacts" on the region, a regional ambassador has warned the world body of nations, saying the high cost has left Caricom countries economically vulnerable."Sourcing low-cost energy, through...
Four bidders for Nigeria oil contract - Contractor General still probing Trafigura award
Four oil traders have tendered for the lift and trading contract for the crude Jamaica buys from Nigeria, but evualations of the bids will take another month, according to the Petroleum Corporation of Jamaica (PCJ).
Red Stripe losing two managers to new Diageo postings
Two of Red Stripe's senior managers have been promoted by parent company Diageo and are to be shipped to separate countries to take up new postings in the group. Wednesday Business understands that Red Stripe's financial director, Lawrence Turnbull, heads to Nigeria...
BP chief executive quits over gay affair
BP chief executive John Browne resigned Tuesday, hours after a judge lifted a legal injunction preventing a newspaper from publishing details of his private life and allegations that he misused company resources. The oil company's board named Tony Hayward...
Developing a successful customer relations strategy
The development of a customer relationship management (CRM) strategy begins at the senior executive level. Today, in addition to examining a company's financials to evaluate the viability of companies, Wall Street analysts now routinely look at company's customer equity flow...
|
