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One of the investors who competed for a chance to develop the 250-acre site at Morgan's Point is calling on the Bermuda Land Development Corporation (BLDC) to re-open up the bidding process. The call comes after The Royal Gazette yesterday revealed t...

Georges. The company yesterday reported income of $6.9 million for the first quarter ended December 31, 1998 a drop of about 76.8 percent from the same period in 1997. The income is before minority interest, and includes net realised gains on investm...

Court to keep its network from being interconnected with competitor Quantum Communications Ltd. BTC is appealing a Government order forcing the company to connect Quantum Communications Ltd. to its network. This week BTC lawyers Mark Diel and Ronnie ...

years on the post. Ms Luck started with ACE in January 1997 as senior vice president of the financial lines division and within a year had been promoted to executive vice president with responsibility for all joint ventures and strategic relationship...

In a blow to the Island's efforts to become a centre for electronic commerce, Bermuda-based Full Service Trade System looks set to pull up stakes and relocate to the US. Full Service was set up in Bermuda about three years ago to develop TradeCard, a...

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...