Archive for January 6th, 2012
Marina Seals Socius Investment
Marina Biotech, a leading Washington State-based drug discovery and development company, announced today [Jan.6] that it has completed the closing of the previously announced equity investment of up to $5 million with Socius CG II, Ltd., a Bermuda-based subsidiary of Socius Capital Group, LLC, and will be filing a registration statement on Form S-3... Read more of this article
Education For Cricket Administrators
The Bermuda Cricket Board [BCB] said the first segment of the ICC Cricket Administration Program ‘Governance’ will take place on Wednesday 25 January, 6pm-9pm at Charities House on Point Finger Road. “This course is part of the BCB’s continuing efforts to assist member clubs and to improve domestic pathways and opportunities,”... Read more of this article
2011 Third Quarter Tourism Statistics
In the third quarter of 2011 Bermuda hosted 79,917 tourists, and gross hotel receipts amounted to $83 million, according to statistics released by Government. Arrivals from the United States, Bermuda’s largest tourist market, increased 4.9% compared to the third quarter of 2010. A total of 61,651 American visitors travelled to the Island compared... Read more of this article
Bank’s Executive Chairman Designate
The Bank of N.T. Butterfield & Son Limited announced that Mr. Brendan McDonagh, who was previously Chief Executive Officer, HSBC North America and Group Managing Director, HSBC Holdings plc, will be nominated for election to its Board of Directors at the Annual General Meeting of Shareholders on 1 May 2012. Subject to his election, the Directors... Read more of this article
“Personnel Costs Must Be Reduced”
[Written by Sir John.Swan and Larry Burchall] In the 12 December 2011 Pre-Budget Report (PBR) and Ministerial Statement (MS), the Finance Minister acknowledged the depth of Bermuda’s economic situation. The Minister recognizes that revenue is unlikely to improve substantially and that even after spending cuts, planned spending levels will still stay... Read more of this article
Richards & Burt: Auditor’s Work Delay
The inability of the Audit Committee to do its job is damaging Bermuda’s reputation as a principled, sophisticated place to do business, Shadow Minister of Finance Bob Richards said. “To businessmen, the audit process is so fundamental to what they do that a failure of any kind in the process is remarkable.” “Unless the failure can... Read more of this article
Cooper’s Christmas Promotion Winners
Two lucky A.S. Cooper & Sons Ltd. customers received their Christmas present this week. Managing Director Somers Cooper presented the keys for two brand new Aprilia SR50R motorcycles to the winners of the company’s “Speedaway Giveaway”. The winners were Jevon Williams and Amy Wolfinger, whose names were drawn from thousands of... Read more of this article
Fairmont to Fairmont Race Logo Unveiled
The Fairmont Southampton yesterday [Jan.5] unveiled the logo that will be utilized to mark the 35th anniversary of The Fairmont to Fairmont Race. Harrington Sound Primary Student Anna Lightbourne was the designer of the logo, selected from scores of designs submitted by students from across the island. Pictured above from left to right are Sangeeta... Read more of this article
