May 8, 2012
OWN Reportedly Bleeding $330M, But Ratings are Improving
Oprah Winfrey has a steep financial hill to climb in the struggle to keep her cable channel afloat. Bloomberg Businessweek reported last week that OWN may have lost a whopping $330 million since it began in 2008. An analyst told the magazine that…
May 8, 2012
Mavado fined
Dance Hall artiste Mavado was this morning found guilty on two charges and fined when he appeared in the Montego Bay Resident Magistrates Court. The artiste, whose real name is David Brooks, was found guilty by Resident Magistrate Wilson Smith…
May 8, 2012
Next year’s Carnival from April 19 until May 3
St. Maarten Carnival 2013 will run from Friday, April 19 until Friday May 3. “Preparations for Carnival 2013 start now,” President of the St. Maarten Carnival Development Foundation (SCDF) Stuart Johnson proclaimed yesterday, urging the public to…
May 8, 2012
Court document says Olint gave JLP US$5m and PJ denies getting US$1m from OLINT
The Jamaica Labour Party (JLP) has admitted that Olint’s David Smith was one of its contributors for the 2007 election campaign. But the JLP says it will be investigating the claim made here in the Turks and Caicos Supreme Court document that…
May 8, 2012
Google breached Oracle’s Java copyright, US jury finds
A US jury has found that internet giant Google breached copyright in a case brought by Oracle over its Java programming language. But the jurors were unable to agree on whether Google's actions constituted "fair use" under copyright law. Oracle…
May 8, 2012
Shares recover as election fears prove short-lived
European shares finished higher as investor concerns about government austerity plans following weekend election results proved short-lived. Pro-bailout parties in Greece performed poorly, while Francois Hollande won the French presidency,…
May 8, 2012
GE in tie up with XD Electric as it eyes China’s market
General Electric (GE) has announced a tie-up with China's XD Electric to tap into China's fast growing market for electric transmission and distribution. GE has agreed to buy a 15% stake in XD, one of China's largest makers of power transmission…
May 8, 2012
Airbus and Boeing hit by plane cancellations
Airlines have cancelled a total of 32 orders for planes so far this year, according to data from the world's two major plane makers. US giant Boeing said it had 25 orders of its flagship plane, the 787 Dreamliner, cancelled by airlines without…
May 8, 2012
Francois Hollande to set France on new course after win
French President-elect Francois Hollande is to start work…
May 8, 2012
Putin Sworn In Amid Controversy Over Protest Violence
Vladimir Putin was sworn in Monday as Russia’s president. But the highly choreographed ceremony in the Kremlin’s St. Andrew Hall was clouded by events in the Russian capital a day earlier, when police and protesters, during a large opposition…