Google, Meta, and TikTok filed separate lawsuits seeking to block a California law designed to protect children from the risks of social media, arguing that it violates their First Amendment rights. The law,…
Category: Business & Economy
Pulse’s over $720-million Q4 loss wipes out nine-month profit, will sell villas to pay down on bond
Pulse Investments reported a net loss of $720 million in its fourth quarter, which wiped out profit generated over nine months due to writing down its advertising entitlements, which resulted in a full-year…
Regulator wants economic cost of ageing Jamaica’s $10b rum sector locally versus overseas
The Fair Trading Commission, which regulates competition, will this month ask Jamaica’s rum producers what it costs them to age rum on the island rather than overseas. At issue is a change to…
Berkshire Hathaway buys back $9.6 billion of own stock but profits dip
Berkshire Hathaway repurchased US$9.6 billion worth of its own shares in the third quarter, but Geico’s numbers got worse as it invested more in ads and its overall profit fell more than 28…
Fidelity adds Chery as parent flags Ja underperformance
Goddard Enterprises reported that its Jamaican business, Fidelity Motors, was among the weakest in its regional automotive arm. Days later, at Hope Gardens, Fidelity launched the Chery line of vehicles – its second…
In five years, customers may choose their bank by how it asks
Imagine you are a local banking executive who cares about the way customers experience your institution’s brand. You dread the calls from acquaintances complaining about a painful know-your-customer or anti-money-laundering (KYC/AML) demand for…
Tortuga to spend more than US$400m rebuilding Ja resorts
Tortuga Resorts will spend more than US$400 million (J$64 billion) rebuilding its Jamaican hotels after Hurricane Melissa, with phased reopenings due to begin in the first quarter of 2027. It is the first…
Dolla wrote off nearly half the Evolve loan book
Dolla Financial Services Ltd wrote off nearly half the value of the loan portfolio it acquired from Supreme Ventures Ltd’s microfinance subsidiary on the day the deal closed, newly published accounts show. “The…
Christie’s Int’l Real Estate registers in MoBay as luxury market expands
The name of luxury brokerage Christie’s International Real Estate has appeared a second time on Jamaica’s company register – this time as a business registered in Montego Bay, according to filing made in…
Wendy’s rejects buyout bid, girds itself for hostile takeover campaign
Wendy’s rejected a US$1.4 billion buyout offer from an activist investor, saying Thursday that the bid was too low and didn’t take into account the company’s long-term earnings potential under its new CEO….