49296 results returned for search: "" category ("Other" AND "Business")
The merger of retail giants Smith's and Trimingham's was expected to usher in a new era of retailing in Bermuda, but employees of the newly combined department store have expressed mixed feelings about the changes.
On Monday, Smith's employees said t...
DATE: Dec 31, 2003
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An appeal in a case of computer data theft was dismissed last week in Appeals Court after the Crown ignored court orders.
Trader Stuart Lacey, 31, of Bostock Hill in Paget was charged with downloading client contact data when he was a trader at Emera...
DATE: Dec 31, 2003
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The Bank of Butterfield became a billion-dollar bank yesterday ? thanks partly to Bank of Bermuda.
Butterfield's stock price gained $1.50 on the Bermuda Stock Exchange to close at $44, pushing its market capitalisation ? the combined value of its sha...
DATE: Dec 31, 2003
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A source close to the Bank of Bermuda last week said shareholders disgruntled with the bank?s proposed sale to multinational banking giant HSBC could still vote in favour of the deal as a means to preserve the value of their investment.
The critic of...
DATE: Dec 30, 2003
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The millions of dollars that Bank of Bermuda executives could receive under the proposed sale to multinational banking giant HSBC continues to fuel the fires of bank employee anger.
Bank management had previously said that an executive bonus payment ...
DATE: Dec 30, 2003
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Retail sales during the month of October soared as residents re-stocked their cupboards and repaired their homes after the ravages of Hurricane Fabian.
According to figures published by Government, the volume of Bermuda?s retail sales increased year ...
DATE: Dec 30, 2003
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A.M. Best Co. has downgraded the financial strength rating to A minus (excellent) from A (excellent) of Employers Reassurance Corporation adding that the rating outlook is stable. Best said the rating reflects Employers Re's superior stand-alone risk...
DATE: Dec 29, 2003
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Bermuda?s newest insurer Quanta Capital Holdings Ltd., a specialty insurance and reinsurance company, on Christmas Eve announced that it has filed a registration statement on Form S-1 with the US Securities and Exchange Commission for the resale of u...
DATE: Dec 29, 2003
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Business is booming in the world of couriers ? with both FedX and IBC rushed off their feet this Christmas with more goods than ever being shipped in by residents.
Both of the main couriers on the Island, IBC and FedX, reported an upsurge in business...
DATE: Dec 29, 2003
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(Bloomberg) ? Bermuda-based Global Crossing Ltd., the fibre-optic network operator that emerged from bankruptcy protection earlier this month, said its net loss for the first nine months of the year widened as revenue fell 5.9 percent.
The net loss f...
DATE: Dec 29, 2003
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