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gradually improving economy and a booming construction industry. "In general the economy is clearly very strong although the tourism sector is a disappointment,'' Finance Minister Grant Gibbons said yesterday. Tourism arrivals declined 2.1 percent in...

Bermuda Bakery Ltd.'s losses in its bakery division were offset by higher profits in its rental division to give the company a net income of $137,602 for 1996. In the 1995 year ended December 31, the company had net income of $17,843, which dropped f...

company they want to use for local calls under a deal forged between the Bermuda Electric Light Co. Ltd. and Cable & Wireless PLC. North Atlantic Telecommunications Ltd. will compete with the Bermuda Telephone Co. Ltd. using a fibreoptic cable system...

second quarter earnings as a result of a change in its underwriting strategy and improved investment returns. EXEL earned net income of $211.6 million for the second quarter of 1997 ended May 31, a gain of 138 percent over the $89 million earned in t...

This is the age of convergence of technologies and services in the telecommunications industry, with previously disparate businesses vying for a chunk of each other's turf. Telephone companies are no longer just concentrating on telephone services bu...

After two attempts Ralph O. Marshall has finally managed to retire as head of his architectural and engineering firm Marshall Bernardo Partnership. Not that it took much convincing from the other partners at the firm when the petitioned him to stay o...

5.5 percent or $83,000 over the previous year, according to the company's annual report. SAL had earnings per share of $5.59 for the year ended February 28, and a book value per share of $26.40. The closely-held company operates two bulders' supply r...

Unless a dispute with US port workers is resolved in favour of Bermuda Container Line Ltd. (BCL), the local freight carrier could succumb to fierce competition on the New York-Bermuda run, according to the company's latest annual report. The Internat...

The Bermuda Hospitals Board's bond issue received more than double the number of subscriptions it needed for its $14 million offering. The Bank of N.T. Butterfield and Son Ltd., which is underwriting and selling the eight percent bond issue, will all...

are hoping to meet with Premier Pamela Gordon sometime today. "We want to...make sure that people don't get ripped off,'' timeshare owner Robert Eaglet said. "We are appealing for help from Ms Gordon.'' The timeshare owners had originally planned a ...