49296 results returned for search: "" category ("Other" AND "Business")
The US Federal Reserve yesterday lowered its target rate by half a percent on overnight funds - commonly known as "fed funds" - for the ninth time this year, to 2.5 per cent.
This drop is significant, in that this is the first time funds have reached...
DATE: Oct 03, 2001
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Two local law firms - Marshall Aicardi and Diel & Myers - have announced they will merge early in the new year.
The merger will result in at least one job cut, a support staff position. Two attorneys are also leaving the firms of their own accord.
Di...
DATE: Oct 02, 2001
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Government spending has increased by over ten percent in the first six months of 2001 compared to spending in the same period in the year before.
Spending has gone up from $278.8 million for the first six months of 2000 to $306.7 million for the same...
DATE: Oct 02, 2001
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Smuggler's Cove - a business in Dockyard's Clock Tower Mall - closed its doors over the week-end, citing poor sales.
And owner John Casling, who also owns several other local businesses including Smuggler's Reef and Buds, Beans and Books on Front Str...
DATE: Oct 02, 2001
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Frith's Liquors and Burrows Lightbourn blamed a slump in tourist numbers and the establishment of duty free shopping at the airport for the closure of their joint Front Street liquor store, FBL.
FBL was set up by the companies in 1999 to try to push ...
DATE: Oct 02, 2001
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While many stores in Bermuda have been suffering from flagging sales during the past year, one electrical equipment and mobile telephone company has been doing so well it has opened a second shop in Hamilton.
Audio Visual Electronics, which is owned ...
DATE: Oct 02, 2001
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The people of Bermuda must prepare themselves and their country for a severe economic downturn following the attacks on the United States last month, according to the head of BELCO.
Garry Madeiros, president and chief executive officer of the Island'...
DATE: Oct 02, 2001
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The Royal Gazette/Bermuda Stock Exchange Index yesterday rose 20.54 points to close at 2,316.24 as the Bank of Bermuda rose 50 cents to close at $40.50.
The bank dominated trading with 6,146 shares changing hands. Overall volume on the exchange was 6...
DATE: Oct 02, 2001
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Fresh from their summer break, members of the Women in International Trade - Bermuda (Wit-BD) gathered for their monthly lunch at the Royal Bermuda Yacht Club last week and discussed "how to be effective in uncertain times".
Group president Frederica...
DATE: Oct 01, 2001
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While Microsoft Corp co-founder and chairman Bill Gates remains the richest man in the world, many Bermuda residents and people with strong links to Bermuda have been named in the latest Forbes 400 US rich list.
Mr. Gates, is still a multi-billionair...
DATE: Oct 01, 2001
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