75988 results returned for search: "" category "Business"
Banks have pulled cash machines from stores Island-wide because of lack of use.
The move has upset some customers and staff, who said they’ve enjoyed the convenience of the in-store ATMs for years. But the banks said low usage volumes had caused the ...
DATE: Oct 05, 2011
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CATEGORY:
Other
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Bermuda-based XOMA Ltd has announced its intention to redomicile to Delaware in order to avoid any potentially harmful changes to the tax law and being targeted as a non-US company.
The company’s board of directors believes that the move will provide...
DATE: Oct 05, 2011
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CATEGORY:
International Business
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There is bad news for Bermuda’s most discerning film buffs.
Collector’s Hill video rental store Phase 1 is closing its doors after decades in business.
“It’s just not viable anymore,” owner Duane Dennis said. “Business has been dropping off.”
He, lik...
DATE: Oct 05, 2011
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CATEGORY:
Local Business
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Ascendant Group closed down in the Bermuda Stock Exchange yesterday.
Two-thousand of the company’s shares traded hands, closing down 10 cents or 0.7 percent at $13.90.
Two-hundred shares in KeyTech traded, but closed unchanged at $6.
And 2,800 shares...
DATE: Oct 05, 2011
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CATEGORY:
Bermuda Stock Exchange
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Retailers have welcomed Government's decision to grant temporary payroll tax relief to their sector and increase the rate of customs duty on declared goods bought overseas by 10 percentage points.
The new measures which were introduced by Premier and...
DATE: Oct 04, 2011
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CATEGORY:
Local Business
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Stephen Catlin, the founder and chief executive officer of Bermuda-based insurer Catlin Group, was named Ernst & Young UK Entrepreneur Of The Year in London.
Sponsored by Credit Suisse, hosted by Fiona Bruce and attended by UK Business Secretary Vinc...
DATE: Oct 04, 2011
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CATEGORY:
Reinsurance
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BF&M took top honours as employers from a diverse range of industries gathered at the awards ceremony for The Bottom Line magazine’s 2011 Top 10 Employers That Stand Out in Bermuda.
The insurance company was joined on this year’s list by Bacardi Inte...
DATE: Oct 04, 2011
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CATEGORY:
Local Business
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Scott Stallard has put the building housing his gym up for sale.
He says he may sell the Olympic Club as well having been in business now for 20 years.
But for now, he said, he plans to continue to operate the gym and has just invested $30,000 in ne...
DATE: Oct 04, 2011
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CATEGORY:
Local Business
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In a recent New York Times article Warren Buffett wrote that the tax rate he paid last year (17 percent) was lower than that paid by any of his office employees.
Is it possible for a millionaire to have a lower tax rate than their secretary?
Yes. Ear...
DATE: Oct 04, 2011
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CATEGORY:
Other
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Butterfield Bank traded 11,200 shares on The Bermuda Stock Exchange (BSX) yesterday.
The bank’s share price remained unchanged at $1.38.
Kentucky Fried Chicken Bermuda Ltd also saw 30 shares change hands, but its share value held firm at $5.
Overall ...
DATE: Oct 04, 2011
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CATEGORY:
Bermuda Stock Exchange
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