Business http://www.royalgazette.com Business en-us Argus falls 0.2 Argus Group Holdings Ltd shed a cent in Bermuda Stock Exchange trading today. The insurer fell 0. 2 percent to close on 4, as 15,800 of its shares traded. The only other stock to trade was Butterfield Bank, which remained unchanged on 1. 99, as 17,942 shares changed hands. The Royal GazetteBSX Index fell 0. 18 of a point to. .. http://www.royalgazette.com/article/20140902/BUSINESS06/140909959&source=RSS Tue, 02 Sep 2014 21:44:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS06/140909959&source=RSS Argus Group Holdings Ltd shed a cent in Bermuda Stock Exchange trading today. The insurer fell 0. 2 percent to close on 4, as 15,800 of its shares traded. The only other stock to trade was Butterfield Bank, which remained unchanged on 1. 99, as 17,942 shares changed hands. The Royal GazetteBSX Index fell 0. 18 of a point to. .. New Samuelsson restaurant features in next phase of Princess renovations <img src="/storyimage/RG/20140902/BUSINESS/140909964/AR/0/AR-140909964.jpg" width="100" align="left" /></a> The second phase of a massive 90 million renovation at the iconic Hamilton Princess started today. And among the additions to the hotel will be a new restaurant directed by celebrity chef Marcus Samuelsson. Other renovations will include modernisation of the Gazebo wings guestrooms, a new-look central courtyard and a facelift for. .. http://www.royalgazette.com/article/20140902/BUSINESS/140909964&source=RSS Tue, 02 Sep 2014 15:54:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS/140909964&source=RSS <img src="/storyimage/RG/20140902/BUSINESS/140909964/AR/0/AR-140909964.jpg" width="100" align="left" class="main-image" /></a> The second phase of a massive 90 million renovation at the iconic Hamilton Princess started today. And among the additions to the hotel will be a new restaurant directed by celebrity chef Marcus Samuelsson. Other renovations will include modernisation of the Gazebo wings guestrooms, a new-look central courtyard and a facelift for. .. Ex-Enron CFO to speak next month at financial crime seminar <img src="/storyimage/RG/20140902/BUSINESS/140909965/AR/0/AR-140909965.jpg" width="100" align="left" /></a> Ethics and compliance will be two of the hot topics at a conference featuring the former chief financial officer of Enron the poster child for corporate accounting fraud as a guest speaker. Andrew Fastow served a six-year prison sentence for his part in the fraud at Enron, which collapsed in 2001. Gordon Wetherell, the former. .. http://www.royalgazette.com/article/20140902/BUSINESS/140909965&source=RSS Tue, 02 Sep 2014 15:35:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS/140909965&source=RSS <img src="/storyimage/RG/20140902/BUSINESS/140909965/AR/0/AR-140909965.jpg" width="100" align="left" class="main-image" /></a> Ethics and compliance will be two of the hot topics at a conference featuring the former chief financial officer of Enron the poster child for corporate accounting fraud as a guest speaker. Andrew Fastow served a six-year prison sentence for his part in the fraud at Enron, which collapsed in 2001. Gordon Wetherell, the former. .. Bate Trading acts to strengthen service <img src="/storyimage/RG/20140902/BUSINESS03/140909982/AR/0/AR-140909982.jpg" width="100" align="left" /></a> Joshua Bate Trading Bermuda, Ltd has sent two staff members to the US for training as the appliance dealer looks to step up its service offerings. Ian Tyree and Phillip Woolridge left the Island yesterday to attend three weeks of intensive training in Ohio, followed by two weeks of fieldwork with appliance and air conditioning technicians. .. http://www.royalgazette.com/article/20140902/BUSINESS03/140909982&source=RSS Mon, 01 Sep 2014 22:56:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS03/140909982&source=RSS <img src="/storyimage/RG/20140902/BUSINESS03/140909982/AR/0/AR-140909982.jpg" width="100" align="left" class="main-image" /></a> Joshua Bate Trading Bermuda, Ltd has sent two staff members to the US for training as the appliance dealer looks to step up its service offerings. Ian Tyree and Phillip Woolridge left the Island yesterday to attend three weeks of intensive training in Ohio, followed by two weeks of fieldwork with appliance and air conditioning technicians. .. Former Rubber Tree vendors set up new store <img src="/storyimage/RG/20140902/BUSINESS03/140909983/AR/0/AR-140909983.jpg" width="100" align="left" /></a> Two former vendors of Warwicks Rubber Tree Market had enough of standing under a canopy in all weathers selling their wares so they decided to team up and upgrade to their own store. And the move is paying off for Janet Perinchief and Delarie Outerbridge, who have seen brisk business at The Plaza at 122 East on Middle Road in Warwick. .. http://www.royalgazette.com/article/20140902/BUSINESS03/140909983&source=RSS Mon, 01 Sep 2014 22:55:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS03/140909983&source=RSS <img src="/storyimage/RG/20140902/BUSINESS03/140909983/AR/0/AR-140909983.jpg" width="100" align="left" class="main-image" /></a> Two former vendors of Warwicks Rubber Tree Market had enough of standing under a canopy in all weathers selling their wares so they decided to team up and upgrade to their own store. And the move is paying off for Janet Perinchief and Delarie Outerbridge, who have seen brisk business at The Plaza at 122 East on Middle Road in Warwick. .. Hiring the right people <img src="/storyimage/RG/20140902/BUSINESS05/140909984/AR/0/AR-140909984.jpg" width="100" align="left" /></a> Many companies and organisations make statements about their people being their greatest asset, and creating a culture which nurtures and develops employees and leaders. The reality, especially in these economically straitened times, is often different. Rounds of lay-offs, hiring freezes wage freezes and cuts, benefit reductions and more. .. http://www.royalgazette.com/article/20140902/BUSINESS05/140909984&source=RSS Mon, 01 Sep 2014 22:53:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS05/140909984&source=RSS <img src="/storyimage/RG/20140902/BUSINESS05/140909984/AR/0/AR-140909984.jpg" width="100" align="left" class="main-image" /></a> Many companies and organisations make statements about their people being their greatest asset, and creating a culture which nurtures and develops employees and leaders. The reality, especially in these economically straitened times, is often different. Rounds of lay-offs, hiring freezes wage freezes and cuts, benefit reductions and more. .. Somers boosts BSX The Royal GazetteBSX Index inched a little closer to the 1,400 mark last week, helped by increases in the share price of Somers Ltd and Argus Group Holdings Ltd. Somers, the financial services holding company which owns Bermuda Commercial Bank, gained 75 cents, or 5. 5 percent, to close on 14. 50 as 800 shares traded. Insurer Argus. .. http://www.royalgazette.com/article/20140902/BUSINESS06/140909985&source=RSS Mon, 01 Sep 2014 22:52:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS06/140909985&source=RSS The Royal GazetteBSX Index inched a little closer to the 1,400 mark last week, helped by increases in the share price of Somers Ltd and Argus Group Holdings Ltd. Somers, the financial services holding company which owns Bermuda Commercial Bank, gained 75 cents, or 5. 5 percent, to close on 14. 50 as 800 shares traded. Insurer Argus. .. The power of hope Hope. There is an old saying Where there is life, there is hope! Our world today presents many challenges and the communication systems today make us all too aware of what is happening, where it is taking place, and how terrible some of the news is for all of us. There is almost too much information and this, when combined with the. .. http://www.royalgazette.com/article/20140902/BUSINESS09/140909986&source=RSS Mon, 01 Sep 2014 22:51:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS09/140909986&source=RSS Hope. There is an old saying Where there is life, there is hope! Our world today presents many challenges and the communication systems today make us all too aware of what is happening, where it is taking place, and how terrible some of the news is for all of us. There is almost too much information and this, when combined with the. .. ILS success seen as a blueprint for attracting business <img src="/storyimage/RG/20140902/BUSINESS02/140909988/AR/0/AR-140909988.jpg" width="100" align="left" /></a> Bermuda Stock Exchange chief Greg Wojciechowsi has highlighted Bermuda success in attracting insurance-linked securities ILS to Bermuda in a prestige European magazine aimed at business leaders. And Mr Wojciechowski said that the Islands track record in pulling in ILS business was a blueprint for attracting a variety of business to its. .. http://www.royalgazette.com/article/20140902/BUSINESS02/140909988&source=RSS Mon, 01 Sep 2014 22:48:00 GMT http://www.royalgazette.com/article/20140902/BUSINESS02/140909988&source=RSS <img src="/storyimage/RG/20140902/BUSINESS02/140909988/AR/0/AR-140909988.jpg" width="100" align="left" class="main-image" /></a> Bermuda Stock Exchange chief Greg Wojciechowsi has highlighted Bermuda success in attracting insurance-linked securities ILS to Bermuda in a prestige European magazine aimed at business leaders. And Mr Wojciechowski said that the Islands track record in pulling in ILS business was a blueprint for attracting a variety of business to its. .. Failing to plan is planning to fail Failing to plan is planning to fail, is a quote attributed to Sir Winston Churchill or President Roosevelt depending upon your side of the pond. The point remains that planning is critical, especially in challenging times like the Second World War or even now in post-2008 Bermuda. The economy is fragile and managing cash flow is difficult for. .. http://www.royalgazette.com/article/20140830/BUSINESS08/140839991&source=RSS Fri, 29 Aug 2014 22:33:00 GMT http://www.royalgazette.com/article/20140830/BUSINESS08/140839991&source=RSS Failing to plan is planning to fail, is a quote attributed to Sir Winston Churchill or President Roosevelt depending upon your side of the pond. The point remains that planning is critical, especially in challenging times like the Second World War or even now in post-2008 Bermuda. The economy is fragile and managing cash flow is difficult for. .. My car needs repairs should I buy a new one? Dear Dave,Im driving a 10-year-old car with 195,000 miles on it. The car needs 1,500 in repairs, and its worth 5,000. I have 40,000 in cash saved, 40,000 in investments and I make 80,000 a year. I also have 15,000 in student loan debt, but the only other thing I owe on is my house. Should I pay to repair the car or buy something. .. http://www.royalgazette.com/article/20140830/BUSINESS08/140839993&source=RSS Fri, 29 Aug 2014 22:30:00 GMT http://www.royalgazette.com/article/20140830/BUSINESS08/140839993&source=RSS Dear Dave,Im driving a 10-year-old car with 195,000 miles on it. The car needs 1,500 in repairs, and its worth 5,000. I have 40,000 in cash saved, 40,000 in investments and I make 80,000 a year. I also have 15,000 in student loan debt, but the only other thing I owe on is my house. Should I pay to repair the car or buy something. .. Ex-racer plans to set up motorcycle taxi service in Caribbean <img src="/storyimage/RG/20140829/BUSINESS03/140829710/AR/0/AR-140829710.jpg" width="100" align="left" /></a> A Bermuda-based former motorcycle racing professional is revving up to launch a motorbike taxi service across the Caribbean. And Antoine Richards has ambitious plans to expand his business idea from the Caribbean to Central and South America and as far afield as South East Asia and Africa. Mr Richards said The advantages are its. .. http://www.royalgazette.com/article/20140829/BUSINESS03/140829710&source=RSS Fri, 29 Aug 2014 21:47:00 GMT http://www.royalgazette.com/article/20140829/BUSINESS03/140829710&source=RSS <img src="/storyimage/RG/20140829/BUSINESS03/140829710/AR/0/AR-140829710.jpg" width="100" align="left" class="main-image" /></a> A Bermuda-based former motorcycle racing professional is revving up to launch a motorbike taxi service across the Caribbean. And Antoine Richards has ambitious plans to expand his business idea from the Caribbean to Central and South America and as far afield as South East Asia and Africa. Mr Richards said The advantages are its. .. Somers climbs 5.5 A gain of more than five percent in the share price of financial services holding company Somers Ltd helped the Islands stock market to edge higher today. Somers, which owns Bermuda Commercial Bank Ltd, gained 75 cents, or 5. 5 percent, to close on 14. 50 on the trading of 800 shares. The other domestic-board stock to trade was. .. http://www.royalgazette.com/article/20140829/BUSINESS06/140829671&source=RSS Fri, 29 Aug 2014 21:39:00 GMT http://www.royalgazette.com/article/20140829/BUSINESS06/140829671&source=RSS A gain of more than five percent in the share price of financial services holding company Somers Ltd helped the Islands stock market to edge higher today. Somers, which owns Bermuda Commercial Bank Ltd, gained 75 cents, or 5. 5 percent, to close on 14. 50 on the trading of 800 shares. The other domestic-board stock to trade was. .. Starr scores a court victory over US Govt <img src="/storyimage/RG/20140829/BUSINESS04/140829708/AR/0/AR-140829708.jpg" width="100" align="left" /></a> WASHINGTON AM Best News Service Starr International Co scored a procedural victory in its 25 billion class-action lawsuit against the federal government over the bailout given to American International Group during the financial crisis of 2008. A federal judge in Washington rejected the federal governments effort to get the lawsuit. .. http://www.royalgazette.com/article/20140829/BUSINESS04/140829708&source=RSS Fri, 29 Aug 2014 00:04:00 GMT http://www.royalgazette.com/article/20140829/BUSINESS04/140829708&source=RSS <img src="/storyimage/RG/20140829/BUSINESS04/140829708/AR/0/AR-140829708.jpg" width="100" align="left" class="main-image" /></a> WASHINGTON AM Best News Service Starr International Co scored a procedural victory in its 25 billion class-action lawsuit against the federal government over the bailout given to American International Group during the financial crisis of 2008. A federal judge in Washington rejected the federal governments effort to get the lawsuit. .. AIG boss brought forward retirement after learning he had a year to live <img src="/storyimage/RG/20140829/BUSINESS04/140829709/AR/0/AR-140829709.jpg" width="100" align="left" /></a> NEW YORK Bloomberg Robert Benmosche, who is stepping down this weekend after five years as American International Groups chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70, said in an interview that he moved up his exit, which had been slated for early 2015, as his health. .. http://www.royalgazette.com/article/20140829/BUSINESS04/140829709&source=RSS Fri, 29 Aug 2014 00:03:00 GMT http://www.royalgazette.com/article/20140829/BUSINESS04/140829709&source=RSS <img src="/storyimage/RG/20140829/BUSINESS04/140829709/AR/0/AR-140829709.jpg" width="100" align="left" class="main-image" /></a> NEW YORK Bloomberg Robert Benmosche, who is stepping down this weekend after five years as American International Groups chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70, said in an interview that he moved up his exit, which had been slated for early 2015, as his health. ..