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to $108.4 million for the first quarter ended December 31, compared to the same period 1997. Net income for the quarter was $238.5 million, or $1.21 per share, a 95.2 percent gain over the same period ended December 31, 1997. The fully diluted net as...

After years of stellar gains on the stock markets, shares of many Bermuda-based insurance and reinsurance companies have taken a battering in recent months. The effects of investors concerns about the state of the sector can be seen in the performanc...

The author of an Internet site making allegations of fraud against Bermuda-based Exel chief information officer Ellen Lim has made a public apology on the Web. Ms Lim is also chair of the Telecommunications Commission. US-based Peter Lerman, who boug...

Millennium International Ltd. has negotiated a settlement with a US company that had defaulted on the final $2 million payment for its US operation Attitude Network. Millennium has subsequently announced it had increased a previously announced second...

million share repurchase programme. "Our share price has been impacted recently by considerable confusion regarding economic versus GAAP earnings,'' Exel president and chief executive officer Brian O'Hara stated in a press release. "We delivered $6.4...

Most of us are curious about what other people's salary is at their jobs, keen to compare and judge. Unfortunately such curiosity often goes to the heart of a person's self worth. Our lives are much more than our job. However, in a job situation sala...

Communications Ltd. this week begins full competition in the lucrative Hamilton market with Bermuda Telephone Co. Ltd. (BTC). The company announced it is now able to offer local voice calling service to business customer. The rates will be lower than...

Premier Jennifer Smith yesterday pledged support for the international business sector, and said initiatives were under way to streamline "perceived bureaucratic obstacles'' to setting up and operating a company on the Island. In a speech before memb...

figures released yesterday by the Department of Statistics. While car dealerships continued to register strong sales growth, the liquor store and general store categories suffered declines. Overall retail sales were flat in November compared to Novem...

The failure of taxi meters here in the change over to 1999 was only a whisper of the problems that can arise from computers glitches caused by reading numbers wrong. Computerised taxi meters went dead at noon on January 1 in Singapore for two hours a...