The Federal Reserve’s semi-annual Monetary Policy Report was presented to Congress today, while Janet Yellen, Federal Reserve Chair, is expected to give her remarks and briefly discuss the current economic situation and outlook. Current Economic Situation and Outlook Since her last appearance in February 2017, in her view, the U.S. labour market continues to strengthen
GraceKennedy declared on Friday, July 7, 2017, that the Group has agreed to acquire 100% ownership of Consumer Brands Limited. The acquisition will make Consumer Brands Limited, a large player in the distribution industry, a subsidiary of Grace Kennedy Foods. The deal is likely to be concluded before the end of the third quarter of
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U.S. hiring picked up in June with total nonfarm payrolls employment increasing 220,000. However, the unemployment rate was little changed at 4.4%, the U.S. Bureau of Labor Statistics reported. The rise in total nonfarm payroll employment resulted from increased employment in health care, social assistance, financial activities, and mining. In June, health care added 37,000
As a shareholder you are entitled to a share in the company's profits or earnings. This entitlement may come in the form of dividends. Dividends can be described as a distribution of a portion of a company’s earnings, decided by the board of directors, to shareholders and are usually expressed in cents/dollars per share. The
GraceKennedy Limited (GK) plans to open its sixth manufacturing plant in Jamaica by mid-2018 which it has been working on the acquisition from late 2015. The plant located in Denbigh, Clarendon, is a 60,000 square foot facility containing specialized agro-processing production line which will be improved with newly acquired equipment. GK intends to spend approximately
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June 30, 2017 Please click below to view the Strategic Investing Magazine. Strategic Investing Magazine_JUN-2017 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of
May 30, 2017 Please click below to view the Strategic Investing Magazine. Strategic Investing Magazine_MAY-2017 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of
Jamaica Broilers Group (JBG) for the year ended April 31, 2017 recorded total revenues of $44.44 billion, a 15% increase on the $38.52 billion reported in 2016. Total revenue was broken down as follows; The Jamaica Operations contributed $31.96 billion, a 13% increase compared to $28.40 billion for the same period of 2016. US Operations
