Business News

(Press Release) — Saipan resident David Hood has purchased 100% ownership of the Marianas Coffee Company in the CNMI and Guam. Hood says, “Chuck Jordan (former owner) has a wonderful story and the Marianas Coffee brand has been an iconic symbol here in the Marianas for many years. It will be busine…

(Press Release) — The CNMI Department of Labor-Workforce Investment Agency and the CNMI State Workforce Development Board or SWDB are working with Max Impacts: Maxine Laszlo Consulting to seek CNMI private sector employers’ input via a Business Needs Assessment survey. The purpose of this sur…

AFTER 13 years abroad, Saipan-born and raised Alexander Cepeda Camacho has returned home  and now serves as the new retail and grocery sales manager of Payless SuperFresh in Chalan Kanoa. Less than a month on the job, Camacho has already hit the ground running, equipped with over a decade of manage…

TAMUNING, Guam (Special Advertising Feature) —  Docomo Pacific, regional leader in innovation, telecommunications and entertainment, wins Best of the Pacific Award for the second consecutive year. Best of the Pacific is an annual award given by the Stars and Stripes publication to provide local sho…

(Reuters) —  U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for the economy as Americans gave faltering outlooks on everything from personal finances to inflation and employment, a survey showed on Friday. The unexpected reading could giv…

(MVA) —  Over 60 companies throughout the Marianas have met the enhanced safety standards of the World Travel & Tourism Council’s or WTTC. “SafeTravels” program, the world’s first ever global safety and hygiene stamp for the industry. According to  WTTC’s  website, “the SafeTravels Stamp was cr…

TOKYO (Reuters) — Japanese wholesale prices rose in July at their fastest annual pace in 13 years, data showed on Thursday, a sign that global commodity inflation and a weak yen were pushing up raw material import costs for a broad range of goods. There is uncertainty, however, on whether companies…

NEW YORK (Reuters) — Data on Wednesday hinted that U.S. inflation may have peaked, reassuring investors that the Federal Reserve will not feel obligated to hasten plans to rein in emergency-level support of the economy, but they remained worried that rising prices could continue to weigh on everyth…

HÅGATÑA (Special Advertising Feature) — Bank of Guam announced  the launch of their new website, another major milestone in their year-long transformative campaign, The Start of Something New. With a fresh new look, the Bank’s website — bankofguam.com —blends creativity and functionality, designed …

ASHEVILLE, N.C. (Reuters) — It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according to Richmond Federal Reserve Bank President Thomas Barkin, who added a centrist voice to the open debate about whe…