49296 results returned for search: "" category ("Other" AND "Business")
Two milestones in the Progressive Labour Party's first three years in Government has been the enactment of the Employment Act and the relaxation of the 60/40 exemption rule for local banks.
Amendments to the Employment Act were not specifically outli...
DATE: Nov 09, 2001
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Cable and Wireless Bermuda Ltd yesterday announced a $20 million investment in the purchase of bandwidth capacity on the 360americas fibre optic cable system and related network infrastructure.
The investment provides access to all the fibre optic ca...
DATE: Nov 08, 2001
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US Aon Corporation, which has offices in Bermuda, and an unnamed major financial services company.
Aon said it will will be sponsoring a new Bermuda-based insurance and reinsurance company to provide "much needed underwriting capacity" to commercial ...
DATE: Nov 08, 2001
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The Royal Gazette/Bermuda Stock Exchange fell 78.72 points - or more than three percent - yesterday to close at 2,332.91, with Bank of Bermuda shares dominating trading.
The Bank saw its share price fall $2 to close at $42 after trading 18,696 shares...
DATE: Nov 08, 2001
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The Bank of Bermuda this week announced a number of executive appointments and promotions in the Island's largest bank.
The bank said Patricia Bean will join the company and take up the position of head of human resources, effective yesterday.
She wi...
DATE: Nov 08, 2001
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The Bermuda Foundation for Insurance Studies (BFIS), which gives out grants to Bermudans wanting to pursue a career in insurance, this week announced it has appointed Mark Lima as its new president.
The decision was made at a recent annual general me...
DATE: Nov 08, 2001
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A range of Bermuda insurers reported results yesterday, with many reporting losses as a result of the September 11 World Trade Center attacks.
Mututal Risk Management reported an operating loss of $5.4 million for the third quarter, PartnerRe reporte...
DATE: Nov 08, 2001
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A pair of long distance companies have dismissed their legal action against Government over its granting of telecommunications licenses involving the use of the Internet.
Cable & Wireless and TeleBermuda International dismissed the action against the...
DATE: Nov 08, 2001
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Look closely and you will discover that Johnny Barnes was actually made in Italy, or at least his latest statue is.
Washington Mall store Made in Italy is now selling alabaster statues of the popular Island figure.
Store manager Clara Moro said: "The...
DATE: Nov 08, 2001
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Bermuda's third bank, Bermuda Commercial Bank, yesterday reported that its net income rose by 16 percent to a new record high during the past year, but said the bank saw lower incomes across the board.
The bank reported net income after discontinued ...
DATE: Nov 08, 2001
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