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Is Evan Spiegel, Creator of Snapchat, The Highest-Paid US Chief Executive Of 2017 With Total Remuneration Of $638m?

Evan Spiegel, the billionaire creator of Snapchat, is likely to be crowned the highest-paid US chief executive of 2017. His total remuneration has hit $638m. The news came the same day that shares tumbled after celebrity Kylie Jenner tweeted her displeasure with the app. The tweet is said to have wiped more than $1bn from […]

Beijing Government Seizes Control of Anbang, Owner of Landmark Hotel Waldorf Astoria in New York

Chinese regulators have taken control of conglomerate Anbang Insurance Group, the Chinese owner of landmark hotel Waldorf Astoria in New York, and said the company’s former chairman would be prosecuted for economic crimes. It marks a setback for one of the country’s most acquisitive groups and its wealthy founder Wu Xiaohui, who started Anbang with […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.

Photo Caption: Warren Chung, CEO at Elite Diagnostic Limited (right), in discussion with his team and Marlene Street Forrest, Managing Director, Jamaica Stock Exchange (left). The team of NCB Capital Markets and Sagicor Investments was co-broker and arranger for the medical diagnostic company’s successful IPO and listing. Comprising the team (from second left) are: Mischa […]

How Nadeen Matthews Is Learning From Disappointment and Why Other Women Can

Nadeen Matthews, Chief Digital and Marketing Officer, NCB Group was the only Caribbean national named among the Young Global Leaders Class of 2017. Nadeen is the youngest female executive at the largest financial services institution and publicly traded corporation in Jamaica – the National Commercial Bank. The company also has business in Trinidad & Tobago, […]

The JMMB Group Announce Plans To Raise J$3.27 Billion Through Four New Cumulative Redeemable Preference Shares

The JMMB Group has announced plans to raise US$ 10 million and J$2 billion, totaling approximately J$3.27 billion, through the issue of four new cumulative redeemable preference shares, with no par value, and denominated in US and Jamaican dollars, The offer, set to open on Wednesday, February 28 at 9:00 a.m. will be sold at […]

Caribbean Cream Revenue And Market Share Growth Achieved By Maintaining Retail Prices, Despite Increasing Costs.

The Directors of Caribbean Cream Limited are reporting a 12 percent improvement in revenues for the nine months ending November 2017 of JA$992 million, an increase of JA$107 million over the 2016 period. Commenting on unaudited financial results for the period Chief Executive Officer Christopher Clarke is reporting however that revenue and market share growth […]

National Enterprises Reporting Profit After Tax Decline Of 35% For 2017

Ingrid Lashley Chairman of Trinidad and Tobago based National Enterprises Limited is reporting profit after tax of TT$132.6 million for the nine-month period ended 31 December 2017 represents a decline of TT$71.3 million or 35% below the corresponding period last year. This she said translated into earnings per share for the period of 20 cents […]

Microsoft And Qualcomm Pitching Computers That Mix Elements Of Tablets And Smartphones.

Microsoft Corp. and Qualcomm Inc. are pitching computers that mix elements of tablets and smartphones. That means, in principle, people will soon be able to buy a device that works like a familiar Windows laptop, but with the slimmer and lighter form of a tablet computer plus the built-in cellular connections and long battery life […]

Seprod Group Reporting One Off Investment Gain For A 19% Reduction In Net Profits For 2017.

The Seprod Group is reporting that a one off investment gain of JA$360 million recorded in 2016, caused them to record a 19 percent or JA$165 million reduction in net profits for 2017 to JA$710 million. Chief Executive Officer Richard Pandohie in his interim report for the year ended December 2017, indicated that taking this […]

Vodafone To Test World’s First Air Traffic Control System For Drones Over A Mobile Network

Vodafone is to test the world’s first air traffic control system for drones over a mobile network. The industry wants to take a central role in developing a framework to integrate drones safely into international airspace. The telecoms company will work with the European Aviation Safety Agency on the tests, to take place in Germany […]