Kendenique Moss of the Ministry of Tourism's Communications Department says that the recent CARIFTA event held in The Bahamas has brought many economic and promotional benefits to the jurisdiction. Watch an interview with Moss here.

Morgans Hotel Group Co (NASDAQ: MHGC), a New York-based hospitality management company which has operations in The Bahamas, announced yesterday that it has signed agreements with The Yucaipa Companies to cancel Yucaipa's interests in the company's convertible notes, preferred stock and stock warrants in exchange for the company's ownership interests in Delano South Beach and The Light Group.