Business

Cuba's First Ultra-Luxury Hotel

Cuba’s First Ultra-Luxury Hotel

Cuba (McKoy’s News) – Cuba’s First Ultra-Luxury Hotel: Cuba’s first ultra-luxury hotel opened its doors to its first guests on Monday, May 22. The 246-room Gran Hotel Manzana Kempinski La Habana won’t have an official opening until June 7, however, guests will pay between US$440 and US$2,485 per night to stay at the upscale hotel, […]

Carlos Hill Gives Investors Hope

Former Boss of Cash Plus Carlos Hill Gives Investors Hope

Kingston, Jamaica (McKoy’s News) – Carlos Hill Gives Investors Hope: The fraud case of Cash Plus boss Carlos Hill has collapsed but Mr. Hill offered hope to thousands of investors who lost billions of dollars in his failed unregulated investment scheme.  Mr. Hill did not answer many questions posed to him by reporters but promised that […]

Carlos Hill Walks Free

Cash Plus Boss Carlos Hill Walks Free

Kingston, Jamaica (McKoy’s News) – Cash Plus Boss Carlos Hill Walks Free: The Judge has ordered the jurors to return a verdict of not guilty in the long-running fraud case of Carlos Hill; the boss of Cash Plus.  He is now a free man.   Prosecutor Addley Duncan moments ago, told Justice Chester Stamp that […]

Sean FitzPatrick Freed

Former Anglo Irish Bank Chairman Sean FitzPatrick Freed

Ireland (McKoy’s News) – Sean FitzPatrick Freed: Former Anglo Irish Bank Chairman Sean FitzPatrick was acquitted following the longest criminal trial in the history of the Irish State.  Mr. FitzPatrick was accused of misleading the bank’s auditors about millions of euros in loans made to him.   The 68-year-old had pleaded not guilty to 27 […]

Foot Locker Sales Drop

Sneaker Chain Foot Locker Sales Drop Blamed on Late Tax Returns

United States – (Mckoy’s News) – Foot Locker Sales Drop: Investors are very concerned that sales at Foot Locker have dipped during quarterly sales this year.   The New-York athletic-wear chain said sales in February to April rose 0.5%  compared with 2016 at stores open at least a year.   The news sent shock waves […]

General Motors

General Motors Will Cease Making Cars For India

The world’s largest automaker, General Motors will pull the plug on making cars for the Indian market in India by the end of 2017 “Today’s GM management is correctly focused on profits, not sales volume and market share. It has shown a willingness to cut its losses if there’s no clear path to profitability and […]

Lasco Companies

Lasco Companies invests more than US$23m on expansions

Kingston, Jamaica (Mckoy’s News) – Over 23 million dollars have been invested by Lasco Companies for expansion efforts at its branches island-wide. The companies include Lasco Distributors Limited, Lasco Financial Services and Lasco Manufacturing Limited.   The investments come ahead of new flavours to be introduced to the market in Summer 2017.   As of […]

Times Square Crash

Times Square Crash Kills One, Injured 22

New York, USA – (Mckoy’s News) – Times Square Crash: Eyewitness states that a red Honda Accord jumped the sidewalk of busy street in Times Square, New York City, plowing into a mass of people, striking 23 persons. A young woman is reported dead and 22 others injured. According to the New York City Police […]

Richest Black Man in America

Richest Black Man in America…And Most People Never Heard of Him

Richest Black Man in America (Mckoy’s News): Billionaire Robert F. Smith was born in Denver, Colorado on December 1, 1962 to schoolteacher parents during the Martin Luther King era. He lived a middle class life and grew up to start a $4.3 billion acquisition company. Robert F. Smith is the richest black man in America […]

Scotiabank Jamaica Charges J$385 to Break-Up a $5,000 Bill

WARREN JOHNSON – “VIEWS FROM ABOVE” VOL #6 Bank of Nova Scotia

Bank of Nova Scotia is a bank in Jamaica of Canadian origin. It has gotten so big that it is no longer just BNS, but Scotia Group, offering a wide range of banking and insurance services.   The bank came ashore in 1889, 55 years after slavery was ‘abolished’ in 1834. It boasts about having […]

Jamaica’s Rating Upgraded, Drop in Student Loan Interest Rate- Audley Shaw, the Betting, Gaming and Lotteries Commission (BGLC), Jamaica Racing Commission (JRC), and Casino Gaming Commission (CGC) – are being combined to form the new Jamaica Gaming Commission.

Betting, Lottery, Racing, Casino to Form Jamaica Gaming Commission

Finance and the Public Service Minister, Hon. Audley Shaw, says work to merge Jamaica’s three state-run gaming industry regulatory authorities is expected to be completed within six months. The entities – the Betting, Gaming and Lotteries Commission (BGLC), Jamaica Racing Commission (JRC), and Casino Gaming Commission (CGC) – are being combined to form the new […]

dormant bank accounts

Gov’t wants access to J$45 billion sitting in dormant bank accounts

Kingston, Jamaica (JIS) – Minister of Finance and the Public Service, Hon. Audley Shaw, is looking at reducing the time frame for Government to have access to dormant bank accounts. Billions of dollars remain unclaimed in local financial institutions. Under the Banking Act, money in bank accounts that have been dormant for 15 years or […]

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