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Despite claims of price gouging on the cost of magazines, Bermuda's principal distributor of publications has been unprofitable for the past four years. Magazine Distributors chairman Ward Young said the company lost $170,000 in the last financial ye...

Bermuda-based ACE Ltd. had net income of $112.8 million, or $2.01 per share for the first quarter ended December 31, a drop of about ten percent over the same period in the previous fiscal year. Income excluding net realised gains was $85.3 million, ...

Cable & Wireless Plc staff were asked to attend a half-day session last year on how to answer a telephone. Half-a-day to learn something they already knew? The staff were sceptical, company spokesman John Instone recalls. They thought it was a waste ...

Communications Ltd., to the Bermuda Telephone Co. Ltd. (BTC). The next move for Millennium will be to deploy the money it acquired through the deal. The companies did not disclose the purchase price for the deal, announced last week. Both local compa...

purchase Logic Communications Ltd. from Millennium International Ltd. Both local companies are listed on the Bermuda Stock Exchange. BTC provides local telephone service on the Island. Logic provides data communications, computer consulting, and Inte...

Negotiations between a US timeshare developer which was planning to takeover the St. George's Club have broken down over financing for the deal. US timeshare developer Great Vacations Resorts was unable to secure local funding for the project and now...

We're waiting with anticipation to see how the telecommunications sector plays the game of competition in the Bermuda market. The tattle is in the street about the proposed takeover by The Bermuda Telephone Co. Ltd. (BTC) of Logic Communications, the...

(SAFR) last year, reinsurer PartnerRe Ltd. has undergone a major shift in strategy, not only in the type of business it's in, but also in where it's writing business. That was after all a major goal of the acquisition. With SAFR, the company shifted ...

The Bank of Bermuda Ltd. says the local community should not worry that the bank is about to break free of its commitment to the Island with its proposal to seek a secondary listing on an overseas stock market. The bank argues that a secondary listin...

the financial year ended December 31, an increase of about nine percent over the 1996 results. PartnerRe president and chief executive officer Herbert Haag said the 1997 year was the most profitable in the company's four-year history. He attributed t...