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February 8, 2008 |
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AIR JAMAICA: Starts Job Cutting Plan at Miami Marketing Dept. Air Jamaica's two marketing staffs at Miami have been laid off as the airline company plans to cut jobs by an estimated 30 percent, sources told CaribWorldNews... Read More |
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ALCATEL-LUCENT: Works with Oki Electric to Market WiMAX Terminals Oki Electric Industry Co. Ltd. and Alcatel-Lucent agreed to jointly market OKI's mobile WiMAX terminals to the worldwide market. As part of the agreement, a demonstration showing how OKI terminals work with Alcatel-Lucent's WiMAX base stations will be... Read More |
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AMERICAN AXLE: Net Loss Drops to US$25MM in Qrtr. Ended Dec. 31 American Axle & Manufacturing Holdings Inc. reported its financial results for the fourth quarter and full year ended Dec. 31, 2007... Read More |
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CABLE & WIRELESS: Names Tony Bromfield as New Unit CEO The CaribWorldNews reports that Cable & Wireless Plc has appointed Tony Bromfield as its chief executive officer for Caribbean and Americas, replacing Chris Hetherington... Read More |
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DELTA AIR: Merger Talks with Northwest Intensifies Merger talks between Delta Air Lines Inc. and Northwest Airlines Corp. have intensified that could lead to an agreement being announced in the next two weeks, various reports say... Read More |
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GRAN TIERRA: Closes Colombian Block Stake Buyout Deal With Avalon Avalon Oil & Gas Inc. has closed its acquisition of a 20% interest in the Talora Block and a 15% interest in the Mecaya Block, in Colombia, from Gran Tierra Energy Inc. Avalon Oil also said that the first Talora Block operation, the re-entry and re-evaluation... Read More |
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NAT'L COMMERCIAL: Net Profit Increases to J$1.86B in 1st Quarter The National Commercial Bank Jamaica Limited's net profit rose 24% to J$1.86 billion in the first quarter ended Dec. 31, 2007, compared to J$1.5 billion in the same period ended Dec. 31, 2006, mainly due to its retail banking division, The Jamaica Gleaner... Read More |
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RESIDENTIAL CAPITAL: Moody's Downgrades Sr. Debt Rating to 'B2' Moody's Investors Service downgraded to B2, from Ba3, its ratings on the senior debt of Residential Capital, LLC (ResCap). Separately, the senior unsecured rating of GMAC LLC was downgraded to B1 from Ba3. The rating outlook for both firms is negative... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Latin America. To receive the Full TCR-LA please CLICK HERE.
