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is considering cutting some of its lines of business. A decision to make cuts could mean a loss of about 100 staff according to a source, who did not want to be named. He said the company was going to stop providing repair service for problems with w...

Kurt Ming, an investment officer with the Bank of Bermuda, has been following the rapid growth of online trading and can see it really cutting into the bottom line of local firms on the Island this year. People are going to look at the difference in ...

Island in the third quarter, resulting in an 18 percent decrease in current account surplus compared to the same period last year. Bermuda had an estimated current account surplus of $70 million during the three months to September 30, $15 million le...

In the years ahead, liability associated with the Year 2000 computer problem will be the second-most important financial-risk issue for property and casualty insurers after catastrophe risk, A.M. Best analysts predict. And as falling rates in the pro...

Apple Computer Inc. seems to be pulling itself out of the dire problems it had sunk into last year. Those who enjoy the Macintosh line of computers and were afraid the company was about to go under will be pleased the iMac became the top-selling comp...

Exchange (BSX) is attempting to distance itself from the pack. This year the Bermuda Stock Exchange (BSX) has had a fair share of successes -- and delays -- in the race to become the premier listing locale for international securities. Aggressively c...

Two high-profile PLP members are starting a consulting company to help foreign workers get more attuned to the Bermudian way of life. PLP members Rolfe Commissiong and George Scott are in the process of incorporating Black Star Communications Ltd. Th...

Minister of Telecommunications Renee Webb yesterday endorsed recommendations that could lead to a significant cut in the cost of long distance calls in Bermuda. Local telephone providers are now required to cut the fees charged to long distance compa...

Millennium International Ltd., which sold operating subsidiary Logic Communications this year to the Bermuda Telephone Co. Ltd., is paying its shareholders another $2.50 a share. The sum brings the payout to shareholders up to $7.50 a share so far, f...

the financial year ended March 31, 1998, according to figures submitted by the Minister of Finance to the House of Assembly. Revenues were up $40.07 million or 8.4 percent on the previous financial year, while expenses rose $26.13 million or 5.9 perc...