Archive for December 7th, 2010

Morgan Downgrades Arch Shares

Equities research analysts at J.P. Morgan Chase & Co. downgraded shares of Bermuda-based Arch Capital from a “neutral” rating to an “underweight” rating in a research note to clients and investors on Monday (Dec. 6). The analysts currently have a $78 price target on the stock. Arch Capital, headquarter in Wessex House on Reid Street, Hamilton, provides... Read more of this article

2011 Bacardi National Par-3 Golf Championship

The Bacardi National Par-3 Championship, a two-day, 36-hole championship golf tournament to be played at The Fairmont Southampton March 26-27, 2011. A Pro-Am will be played on Friday, March 25. The annual tournament, now in its second year, benefits Bermuda Red Cross. The Bacardi National Par-3 Championship is open to amateur and professional... Read more of this article

Minister: Construction Re-Training

Bermuda’s construction workers must make themselves marketable in these “sobering” economic times by continuously training and re-training to upgrade their skills, Economy, Trade & Industry Minister Kim Wilson said this morning [Dec 7]. In a joint press conference with Construction Association of Bermuda vice-president Charles... Read more of this article

Upcoming: CableVision ‘Meet the GM’

Bermuda CableVision is inviting customers and other members of the public to attend its next “Saturday with the GM” event, to be held in Smith’s on December 11. Launched in April of 2009, the “Saturday with the GM” programme involves a series of informal gatherings, organised in locations around Bermuda, where CableVision senior managers go... Read more of this article

Alterra Names Gamble To US Post

Bermuda-based Alterra Capital Holdings Limited today (Dec.7) announced the appointment of Daniel G. Gamble as managing director of Alterra USA. W. Marston (Marty) Becker, president and Chief Executive Officer of Alterra, commented: “The addition of Dan Gamble to the Alterra USA team is an important step as we seek to build out the underwriting... Read more of this article

From the Perspective of a Young Black Man

[Article written from the "'perspective of a young black man" who wished his name left off, saying the subject is important, not the messenger. While the writer is acquainted with the Bermuda gang lifestyle and knows young men who are participants in the underworld, he himself is not a gang member, nor does he have any criminal convictions.] He leaves... Read more of this article

Theft: Man Sentenced to 3 Months in Prison

Yesterday [Dec 6] Michael Eugene Smith pled guilty in Magistrates’ Court to two counts of theft relating to an April 20th 2010 incident at a Pembroke restaurant. Mr. Smith, 26, was arrested on suspicion of stealing from two restaurant employees, and in court he admitted taking items from a purse as well as an I-Pod from a jacket in the restaurant’s... Read more of this article

HMS Bounty Visits St. George’s For Repairs

HMS “Bounty” arrived in St. George’s to complete repairs to her foremast and other mechanical repairs last night (Dec.6). The vessel was in transit from Maine to her new winter port Old San Juan, Puerto Rico. The famous tall ship is expected to be at Ordnance Island dock In St. Georges for a few days before continuing on her journey. The... Read more of this article