Month: February 2011

February 16, 2011

Tourism minister for talks with airline officials

St Lucia's Tourism Minister Allan Chastanet is due in Trinidad and Tobago on…

February 16, 2011

Bermudians jailed for smuggling ganja from Jamaica

Two women who smuggled almost US$30,000 worth of drugs into Bermuda on board a charter flight from Jamaica have each been jailed for 18 months. Bermudians Desiree Burrows, 21, and Shaniqwa O'Brien, 20, admitted concealing marijuana on their…

February 16, 2011

LIME lands Cuba link

Chairman of LIME Jamaica, Chris Dehring (second left) and three workers of Denholm Offshore -- (from left)…

February 15, 2011

Slash mortgage deductions for the rich

President Obama's plan to limit two popular deductions for wealthy taxpayers…

February 15, 2011

Chevron to fight multi-billion Ecuador ruling

Chevron has vowed to fight a multi-billion dollar judgment from an Ecuadorian court accusing the oil company of polluting the Amazon rainforest. "The Ecuadorian court's judgment is illegitimate and unenforceable," said Chevron, in a press release…

February 15, 2011

Stocks poised for weak ope

U.S. stocks were headed for a flat opening Tuesday, as investors digested a weaker-than-expected report on January retail sales. Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were little changed ahead of the opening…

February 15, 2011

Chinese consumers squeezed by rising prices

Inflation in China has been on a tear lately, and Chinese consumers are feeling the pinch of rising food, energy and housing prices. "Fuel prices are rising, toll prices are higher, food prices are rising; but even if it's expensive, we still…

February 15, 2011

Nokia to get billions from Microsoft

Nokia, the world’s largest maker of phones, and Microsoft announced their alliance Friday. Both investors and employees reacted with dismay: Nokia’s stock dived 14 per cent and Finnish employees used flex time to go home early. On Sunday, a day…

February 15, 2011

Oil falls as US supplies outweigh Mideast tensions

The price of benchmark crude fell to its lowest level in 12 weeks yesterday as oil traders weighed growing US oil supplies against unrest in the Middle East. West Texas Intermediate crude fell 77 cents to settle at US$84.81 on the New York…

February 15, 2011

Obama’s wackiest budget cuts

The funding grants nobody wants. The "mobile" policing unit that doesn't get around much. How about the big fancy telescope that has been mismanaged? President Obama's 2012 proposal lists more than 200 programs that he wants to cancel or cut, for…