Business

A LAW firm that took on business without a 'written' agreement is now $246 million out of pocket, on a ruling of the Court of Appeal that Margie Geddes, the widow of beer icon Paul Geddes, was not liable for contingency fees claimed by former attorneys...

Still embarrassed by a major security blunder that resulted in millions of taxpayers' dollars being paid over to an illegal arms dealer in March 2008, the Government has quietly collected less than a third of the money it pumped into the purchase...

With its profit spurt threatened by expected losses from the government-imposed debt swap, rising operational costs and income challenges in some segments of its operations, National Commercial Bank (NCB) has moved to trim its senior ranks, and has...

A judge of the court set up by CARICOM to be its ultimate arbiter in trade disputes among them and the final appellate body for member states which so choose, is supporting the need for a financial services agreement to realise...

Scotia DBG Investments Limited has announced a contraction of its branches in a move to trim operational costs.On February 26, Scotia DBG will lock down its offices in May Pen, Clarendon and Ocho Rios, St Ann, and merge...

Commissioner of Customs czar Danville Walker is pressing for changes to the law governing the US$500 duty free allowance for Jamaicans, saying it is being abused.He prefers that the concession be a one-off benefit applicable...

Standard & Poor's (S&P) Ratings Services on Tuesday cut its outlook on Citigroup Inc to "negative" from "stable", saying the United States (US) government appears increasingly likely to leave bondholders...

Germany's multi-year reign as the world's number-one exporter is officially over, with the crown formally passing to rising Asian power China after new figures showed that German exports slid by nearly a fifth in 2009, the biggest decline...

A court has ordered a former subsidiary of Liechtenstein's LGT bank to pay over €7.3 million (US$10 million) to a client for failing to inform him that his confidential details had been stolen and handed to authorities, thereby harming his chances...

Kraft Foods Inc announced Friday that it will delist shares of Cadbury PLC on the London Stock Exchange, now that it has clinched a takeover of the British chocolate and gum company. Kraft gave 20 business days' notice of its intention to delist...

THE FAILURE of successive governments to pass legislation to introduce a national building code could put the lives of many Jamaicans at risk if the country gets hit by a major earthquake. The concern was raised last week by experts at a Gleaner Editors' Forum as they discussed...

The 7.5 per cent spike in the cost of cement this week is already ricocheting through the construction sector, whose players say the increase that comes atop growing operational expenses from higher fuel costs and inputs will...