76562 results returned for search: "" category "Business"
second quarter ending March 31 2001.
Net income increased by 35 percent from $853.6 million to $1.16 billion and diluted earnings per share rose to 65 cents, a 30 percent increase over the same quarter in 2000.
Sales for the quarter rose 26 percent t...
DATE: Apr 19, 2001
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In keeping with a policy to align interest rates with that of the United States, the Bank of Bermuda yesterday announced it was lowering its Bermuda Dollar base rate by 0.5 percent, to 5.25 percent, effective May 1.
Existing variable rate mortgage ho...
DATE: Apr 19, 2001
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months, has received a big boost in the form of a buy-in to the tune of $112.5 million.
XL Capital, First Union Capital Partners, High Ridge Capital and Century Capital Partners have agreed to jointly invest in MRM through the purchase of a newly cre...
DATE: Apr 19, 2001
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The Bank of N.T. Butterfield & Sons Ltd has been given an exemption to the 60/40 ownership rules which restrict foreign investment in Bermuda companies.
But the Island's oldest bank said it will not be using the exemption to list on any foreign stock...
DATE: Apr 19, 2001
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slice of what could be Alaska's third largest city -- not Juneau itself, but a cruise-ship fleet. The industry brought 640,000 travellers to Alaska last year, compared to 200,000 a decade ago.
But Brown, the state's environmental conservation chief, ...
DATE: Apr 18, 2001
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Bermuda start-up company Worldinsure -- the first company in the world to provide a fully automated system for insurance companies to process applications -- is about to close its first deal.
The company is today expected to announce a deal with a Ca...
DATE: Apr 18, 2001
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Bank of Bermuda stock continued to edge up, rising ten cents or 0.2 percent to close at $48.00.
Bank of Butterfield rose 25 cents to close at $25.00 and Bermuda Commercial Bank gained 90 cents to finish at $7.00. No other stocks traded.
The index clo...
DATE: Apr 18, 2001
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of the recent agreement between the companies to set up StarHub Crossing, a joint venture that will establish a backhaul network within Singapore to connect with AGC's pan Asian East Asia crossing subsea system. During the first quarter AGC received ...
DATE: Apr 18, 2001
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flush -- a decade after the company was put into liquidation.
After an epic saga of multiple businesses and failed ventures, Bermuda liquidators have called on creditors to contact them in order to distribute any remaining funds.
It is not known what...
DATE: Apr 18, 2001
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Retailers have been urged to join the Chamber of Commerce to ensure that they have a strong lobbying position with Government over the industry's future.
This is according to George Grundmuller, chairman of the visitor retail division of the Chamber,...
DATE: Apr 18, 2001
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