Author Archive: Bernews1

Wall Street ‘Safer Place Without Gerova’

The Forbes.com investor advocate who helped to expose allegations Bermuda reinsurer Gerova “was likely fraudulent” has applauded the New York Stock Exchange’s decision to suspend trading in the company’s shares — but added the delisting won’t be the last of the bad news for those who have put money into the troubled... Read more of this article

Videos: Police Name Murder Victim, Make 3 Arrests

[Updated with videos] The Bermuda Police have officially named last night’s [Mar.1] murder victim as Jahmiko Leshore, and confirmed the arrest of three men in connection with the shooting. Mr Leshore, 26, was shot yesterday evening while in the Boundary Crescent, Devonshire area and subsequently succummbed to his injuries. Mr. Leshore leaves behind... Read more of this article

Minister Announces Landscaping Job Fair

On Thursday, March 10th, the Department of Labour and Training will partner with approximately 20 landscape gardening companies to host a Job Fair at the Bermuda College. In the Senate this morning [Mar.2], Minister of the Economy, Trade & Industry Kim Wilson announced the job fair saying, “Here in Bermuda landscape gardening is an area of... Read more of this article

Maiden: ‘Solid Results For Shareholders’

Bermuda-based Maiden Holdings, Ltd. yesterday [Mar.1] reported fourth quarter 2010 net income of $19.1 million, up 14.4% from $16.7 million in the fourth quarter of 2009. Earnings per diluted share of $0.27 increased 12.5% from $0.24 in the fourth quarter of 2009. Operating earnings for the quarter totaled $17.2 million, or $0.24 per diluted share,... Read more of this article

Genpact Chairman Accused of Insider Trading

The chairman of Bermuda-registered global outsourcing giant Genpact has been accused of insider trading by the US Securities and Exchange Commission. The SEC said yesterday [Mar. 1] that former Goldman Sachs director Rajat Gupta, 62, used his corporate board positions to supply confidential information to a hedge fund manager who is set to... Read more of this article

Food Drive Seeks to Help Needy Families

Digicel Bermuda and Hands of Love Ministry joined forces for a food drive to assist Bermudian families, which aims to provide canned goods and non-perishable food items to hungry families on the island. All Digicel customers will receive a text message notifying them of the food drive and the ways they can help. Customers may bring non-perishable food... Read more of this article

Upcoming Bermuda Educators Council Election

The Bermuda Educators Council will hold its 2011 Election on Tuesday, March 22, 2011. The nomination of eligible candidates will run from February 23 through March 8. Nomination forms and Electoral Scheme Rules are available on the Council’s website or from the Council Office. The Council comprises 15 members, who serve a four-year term. 11 new... Read more of this article

Bermuda Teen Rescued In UK Beach Drama

A Bermuda teenager attending boarding school in the UK sustained a serious head injury after falling on rocks near the coastal town of Lyme Regis and rescuers battled to get her airlifted from the scene before the rising tide reached her. Authorities told a Lyme Regis newspaper the 15-year-old girl — who has not been named — was lucky... Read more of this article

Minister Discusses Today’s Budget Debate

The Budget presentation for the Ministry of Business Development and Tourism is set for today [Mar.2]. The total allocated funds for Current Account expenditure for the Ministry is $40.3 million dollars and Capital Expenditure of $313,000. Minister of Business Development and Tourism Patrice Minors encouraged members of the public to tune in to the... Read more of this article

Bacardi Continues To Sponsor CADA Program

CADA – Encouraging Responsible Alcohol Behavior today [Mar.2] announced that Bacardi Limited would continue as the Lead Sponsor for the life saving, Let Us Drive service. In making the announcement, CADA Chairman, Mr. Anthony Santucci, stated, “CADA, encouraging responsible alcohol behavior, is extremely pleased that Bacardi Limited will continue... Read more of this article

Murder: 26-Yr-Old Fatally Shot

[Updated] A firearm incident occurred minutes ago this evening [Mar.1]. We do not have official confirmation yet, however we unofficially understand that one person may have been shot. We have limited information at this time, and will update as able through the evening. Update #1: We unofficially understand the scenario to be extremely serious… Update#2:... Read more of this article

Videos: Bermuda Junior Golf Association

This past Saturday [Feb.26] The Bermuda Junior Golf Associations golfers visited Belmont Hills Golf Course, off the Blue tees Julien Papadopoulo shot 80 to defeat Matthew Smith by 6 strokes. Papadopoulo turned around a 2 shot deficit from the first 9 holes with a fine 1-over back 9. In his round Papadopoulo birdied the par 11th hole and the par 4 16th... Read more of this article