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Utilities was the hardest hit sector on The Bermuda Stock Exchange (BSX) last week. KeyTech Ltd. fell 10.9 percent (75 cents) to $6.15, with 1,000 shares traded, while the Ascendant Group Ltd. was also down 0.1 percent (one cent) at $14.99, as 1,100 ...

A German patient who broke his neck in a mental hospital will continue his 14-year legal battle against the hospital after a court decision in his favour. Thomas Hofer, 47, was rendered quadriplegic by the accident at St Brendan’s now renamed the Mid...

Shadow Education Minister Grant Gibbons believes Government does not have credibility when it comes to education reform. Dr Gibbons spoke out after the latest Ministry of Education shake-up. He said Government has made too many personnel changes sin...

With job cuts being announced weekly in Bermuda, it is appropriate to spend some time discussing the consequences of redundancy. In order for a position to be declared redundant, a condition of redundancy has to be present. The redundancy must be par...

Fitch Ratings has noted improvements in XL Group’s capital position and affirmed the insurer financial strength rating of A of its operating subsidiaries. The Ireland-domiciled business insurer, which has substantial operations in Bermuda, has “solid...

WASHINGTON (AP) - Government auditors say taxpayers might be repaid in full for the bailout of insurance giant American International Group Inc. (AIG). The Government Accountability Office said in a report issued on Thursday that the final cost of th...