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Business News

At VIFreepBreaking NewsBusiness NewsSt. Thomas News

              PriceSmart on St. Thomas CHARLOTTE AMALIE – PriceSmart, Inc. today announced that for the month of August 2015 net sales increased 12.6% to $232.7 million, from $206.7 million in August a year earlier. For the twelve months ended August 31, 2015, net sales increased 11.3% to $2,721.1 million from

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At VIFreepBusiness NewsCommunity AffairsSt. Croix NewsSt. John NewsSt. Thomas News

Carambola Beach Resort at Davis Bay Hurricane Katrina changed the way insurance companies and some corporations build catastrophe models and calculate the potential damage from a big storm, leading to more accurate damage predictions, better risk assessments(using something similar to this Aravo, third party risk management software), and more strategic

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At VIFreepBusiness NewsSt. Croix NewsSt. John NewsSt. Thomas NewsTourism News

SPRINGFIELD, Ore. – Royal Caribbean hopes those looking for a job won’t let a new opportunity pass them by. The cruise company is planning to bring aboard more than 200 people by the end of the year. The salary for the full time positions range from $9.79 to $14.33 per

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At VIFreepBusiness NewsSt. Croix News

ATLANTA – The Home Depot®, the world’s largest home improvement retailer, Tuesday reported sales of $24.8 billion for the second quarter of fiscal 2015, a 4.3 percent increase from the second quarter of fiscal 2014. Comparable store sales for the second quarter of fiscal 2015 were positive 4.2 percent, and comp sales

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At VIFreepBusiness NewsPuerto Rico News

Perhaps due to the closure of the HOVENSA oil refinery in 2012, the number of work-related deaths in the Virgin Islands is down, but in nearby Puerto Rico there were three on-the-job deaths in the first half of the year, according to a national occupational health study. The study found

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At VIFreepBusiness NewsEducation NewsSt. Croix NewsSt. Thomas News

CHRISTIANSTED – The University of the Virgin Islands Process Technology program, a part of the College of Science and Mathematics, received a $150,000 donation from Diageo BRAND USVI today. The funds will be awarded as $50,000 annual grants over three years, with a plan to review the investment at the

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At VIFreepBusiness NewsSt. Thomas News

CHARLOTTE AMALIE – St. Thomas residents who live on the Ridge Road feeder can expect a power interruption between 9 a.m. to 12 noon tomorrow, according to the Virgin Islands Water and Power Authority. WAPA said the “interruption is necessary to allow crews to safely perform maintenance on the Secret

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At VIFreepBusiness NewsSt. Croix NewsSt. John NewsSt. Thomas News

CHARLOTTE AMALIE – The maker of the Keurig single-cup coffee system must face a securities fraud class-action lawsuit, the Second Circuit ruled last week. Five employee retirement systems – including the GERS – acquired stock in Green Mountain Coffee Roasters Inc., which manufactures Keurig coffee makers. The plaintiffs are the retirement

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At VIFreepBreaking NewsBritish Virgin Islands NewsBusiness News

ROAD TOWN, Tortola, BVI – Activist investor William Ackman’s New York-based hedge fund has amassed a $5.5 billion investment in Mondelez International (MDLZ), signaling that the maker of Oreo cookies, Ritz crackers and other popular snack brands could be a merger target amid food industry consolidation. Shares of Deerfield, Ill.-based Mondelez were up 0.50% at $46.52 in midday

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At VIFreepBusiness NewsCaribbean NewsPuerto Rico News

  SAN JUAN — Puerto Rico failed to make the entirety of a payment on its Public Finance Corp bonds due Aug. 1, paying only $628,000 of a $58 million payment, the head of its Government Development Bank said in a statement on Monday. The missed payment will mark the

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