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  • New York Times to slash 100 newsroom jobs in streamlining

    October 1, 2014 9:19 AM 29

    NEW YORK, (AFP) - The New York Times said Wednesday it plans to cut 100 newsroom jobs in the latest move by the prestigious daily to adapt to industry upheaval. "The job losses are necessary to control our costs and to allow us to continue to invest in the digital future of The New York Times, but we know that they will be painful both for the individuals

  • Booking company points to growth in hotel revenue

    October 1, 2014 7:04 AM 26

    Published: Wednesday | October 1, 2014 A leading online agency, Expedia, has said its Average Daily Rate for bookings through its site, which is up by seven per cent, has led to increase in revenues of 36 per cent for Jamaican hoteliers. This comes as the agency reports that the room nights generated for the destination has increased by 26 per cent. The travel

  • Shale boom to put US on top of petroleum output league

    October 1, 2014 7:04 AM 31

    Published: Wednesday | October 1, 2014 The United States is overtaking Saudi Arabia to become the world's largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the world of energy. US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August

  • YPF and Petronas negotiating Pemex tie-up

    October 1, 2014 7:04 AM 30

    Published: Wednesday | October 1, 2014 Argentina's YPF and Malaysia's Petronas are negotiating a joint-venture with Mexico's Pemex - possibly starting with shallow water fields - in a bid to become the first foreign oil companies to seize the opportunities of Mexico's energy reform. While executives from majors such as Shell, BG, Chevron and Occidental

  • Wind energy cheapest on the market - Wigton

    October 1, 2014 7:04 AM 34

    Published: Wednesday | October 1, 2014 Earl Barrett, general manager of Wigton Windfarm Limited, says wind is the cheapest source of power available, locally, and the company's new farm will supply capacity to the grid at less than US13.5 cents per kilowatt hour. Wigton Windfarm is investing US$46 million in its third wind facility in Southern Manchester

  • Latty: Flow not bothered by Digicel's entry in cable market

    October 1, 2014 7:04 AM 39

    Published: Wednesday | October 1, 2014 Columbus Communications Jamaica, operator of Flow, says it is not bothered by Digicel's entry into the cable market, saying its track record, developed over eight years of operation, positions the company to take on new rivals. While declining to outline the company's strategic response to the new entrant, Sean Latty

  • Measure growth not only by balance sheet - PM

    October 1, 2014 7:04 AM 30

    Published: Wednesday | October 1, 2014 The Government is working towards building an economic system that measures growth not only by a healthy balance sheet, but by the generation of decent work with pay equity, Prime Minister Portia Simpson Miller said. She said the Government was committed to gender equity and has put in place policies and legislation

  • Cargo Handlers revises Bulk Liquid deal

    October 1, 2014 7:04 AM 30

    Published: Wednesday | October 1, 2014 The Hart-controlled port company, Cargo Handlers Limited (CHL), has pulled back from full acquisition of Bulk Liquid Carriers Petroleum Transport Limited, saying the transaction will be restricted instead to purchasing its company's assets at this time. CHL announced in Decem-ber 2013 that it had finalised a deal to acquire

  • Salada using coffee brand to test spice market

    October 1, 2014 7:04 AM 30

    Published: Wednesday | October 1, 2014 Salada Foods Jamaica Limited is weighing whether its popular Jamaica Mountain Peak coffee brand can deliver sales in a new food segment - condiments. Its first experiment is with ginger, from which it developed the food seasoning, as well as a new tea. The Jamaica Mountain Peak ginger tea extends the company's range

  • Lasco gives consumer less for less - Produces smaller food drink for Jamaicans

    October 1, 2014 7:04 AM 32

    Published: Wednesday | October 1, 2014 In response to consumer demand for more economical products, amid stagnant wages and declining disposable income, Lasco Manufacturing Limited will introduce a smaller-size food drink packet, said chairman Lascelles Chin. The new drink comes within a mix of new products that Lasco is now introducing at its newly