RSSCategory: Business

WOW Service Update Post-Hurricane Gonzalo

WOW Service Update Post-Hurricane Gonzalo

WOW said that its’ broadcast service is operational and was shut down for only 8 hours during Hurricane Gonzalo. WOW’s President & CEO, Stanley G. Wright, said, “The hurricane damaged three dishes and thanks to the quick actions of our network operations team a temporary solution to provide customers with programming was put in place within... Read more of this article

BELCO Friday Morning Restoration Update

BELCO Friday Morning Restoration Update

BELCO said the latest count is 4113 customers out, and work will continue today [Oct 24] on major work areas, while several crews — which now include 19 linemen from the Caribbean — will be dedicated to restoring power for the remaining commercial customers and those who lost power as a result of Tropical Storm Fay. BELCO said, “At... Read more of this article

Everest Re: Q3 2014 Net Income $274.9 Million

Everest Re: Q3 2014 Net Income $274.9 Million

Bermuda-based Everest Re Group, Ltd. reported third quarter 2014 net income available to common shareholders of $274.9 million, or $6.00 per diluted common share, compared to net income of $234.8 million, or $4.81 per diluted common share, for the third quarter of 2013. After-tax operating income1 available to common shareholders, excluding realized... Read more of this article

Saturday: DPT Hour Change At Central Kiosk

Saturday: DPT Hour Change At Central Kiosk

The Department of Public Transportation advised the public of a change in the hours of operation for the DPT Kiosk at Central Terminal, for Saturday, October 25, 2014. “The kiosk will be open from 8:30 a.m. until 5:30 p.m. on this date only [Saturday, October 25th]. The Department of Public Transportation apologizes for any inconvenience this... Read more of this article

British Airways Moves To Winter Schedule

British Airways Moves To Winter Schedule

British Airways moves to its winter schedule this Sunday, October 26th. British Airways’ Bermuda airport manager, Marianne Wilcox, said that the Bermuda to London will operate five days weekly from this Sunday until March 2015. Winter flights will be operating Tuesdays through Fridays and also on Sundays. “Customers travelling this week... Read more of this article

Bills Will Be Adjusted To Reflect Consumption

Bills Will Be Adjusted To Reflect Consumption

BELCO have apologized to anyone who may receive an estimated bill, and said the bills will be adjusted to reflect actual consumption. The two recent storms caused widespread power outages, with some 27,000 customers losing their power in Fay, while over 31,000 lost power in Gonzalo. The statement from the company said, “Over the next several weeks,... Read more of this article

CableVision Thurs. Evening Restoration Update

CableVision Thurs. Evening Restoration Update

CableVision crews continued to work across the island today, and the company said they anticipate Trimingham Hill, Crawl Hill area of North Shore Road, businesses on Front Street, Rose Hill and a section of St. David’s will have service restored this evening [Oct 23]. Bermuda CableVision CEO Terry Roberson said, ““CableVision crews continued... Read more of this article

Bermuda Stock Exchange Report: Oct 23 2014

Bermuda Stock Exchange Report: Oct 23 2014

Today [Oct 23] saw a volume of 16,011 shares trade on the Bermuda Stock Exchange, valued at $31,861.89 BD. All 16,011 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.99 per share. The BSX closed at 1,379.41, also even on the day. There were 0 advances, 1 decline, and 73 remained unchanged. The full report from the BSX is available... Read more of this article

BTA Investment Program Deadline On Friday

BTA Investment Program Deadline On Friday

Due to the disruption caused by Tropical Storm Fay and Hurricane Gonzalo, the Bermuda Tourism Authority’s Tourism Experience Investment program deadline was extended until tomorrow [Oct 24].A spokesperson said, “All entrepreneurs! The Bermuda Tourism Authority’s Tourism Experience Investment program deadline has been extended to this Friday... Read more of this article

BF&M, Argus: Waiver of Double Deductible

BF&M, Argus: Waiver of Double Deductible

BF&M and Argus announced today [Oct 23] that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo. The insurance companies said two named storms in such a short period is a very unique occurrence, and “two deductibles... Read more of this article