Author Archive: Bernews1

Regiment’s Training In North Carolina Continues

The Bermuda Regiment’s public order specialists yesterday [May 1] “took a town back from rioters,” as part of the training nearly 180 Bermuda Regiment soldiers are doing in North Carolina. Members of A Company had access to the state-of-the-art urban warfare training area at the US Marines’ Camp Lejeune. And veteran Marine Colonel... Read more of this article

US Federal Judge Asked To Triple Marvell Verdict

Carnegie Mellon University asked a federal judge on Wednesday [May 1] to triple the $1.17 billion jury verdict that chipmaker Marvell Technology Group Ltd. was ordered to pay in December for patent infringement. During a hearing in a Pittsburgh court, Marvell’s attorneys at Quinn Emanuel Urquhart & Sullivan countered that the verdict should... Read more of this article

New York Explorers Club Cahow Film Screening

New York’s famed Explorers Club is hosting a screening on Tuesday [May 7] of author/filmmaker Deidre Brennan’s “Bermuda’s Treasure Island”, describing the documentary about the quest to save the critically endangered Cahow as “one of the great conservation success stories of our time.” Ms Brennan — who... Read more of this article

Banker Larry Slaughter Joins Lazard Ltd.

Lazard Ltd., the largest independent merger-advisory firm, hired Larry Slaughter as a managing director and vice chairman in its investment-banking business. Mr. Slaughter, 49, was previously co-head of North American investment banking at JPMorgan Chase & Co., the biggest US lender, and also served as head of European investment banking corporates... Read more of this article

Seadrill Completes Tender Rig Unit Sale

Bermuda-based Seadrill on Tuesday [Apr. 30] completed the previously announced transaction to integrate its tender rig division into Malaysian oil and gas service provider SapuraKencana Petroleum Berhad and the signing of the conditional sale and purchase agreement between the firms. The agreed upon acquisition price is for an enterprise value of $2.9... Read more of this article

ChewSLAM! Tours The National Museum

ChewSLAM!, the island’s talented group of budding teen poets, visited the Bermuda National Museum last Saturday [Apr. 27], including the old Casemates barracks and prison, in search of creative inspiration. Run by the Chewstick Foundation, ChewSLAM is a weekly programme in which participants are given the opportunity to deepen in their writing,... Read more of this article

Women’s Futsal All-Star Game On May 4th

The Bermuda Futsal Federation [BFF] will host its Second Annual Women’s Futsal All-Star Game on Saturday [May 4] at 7pm at the Bermuda College Gym. The All-Star Game provides an opportunity to recognize the talent and skills demonstrated by those players selected and for spectators to be able to experience a higher level of enjoyment and appreciation... Read more of this article

Endurance: “An Excellent Start To The Year”

Bermuda’s Endurance Specialty Holdings Ltd. on Wednesday [May 1] reported net income available to common shareholders of $92.1 million and $2.13 per diluted common share for the first quarter of 2013 versus net income of $74.4 million and $1.72 per diluted common share for the first quarter of 2012. Operating highlights for the quarter ended March... Read more of this article

Hospital To Cease Seniors Day Care Service

The Bermuda Hospitals Board today announced that it will be ceasing to provide a day care service for seniors from its Continuing Care Unit from 28 June 2013. Clients and their families have been informed and directed to other organizations that provide a similar day time service in the community. The service is separate to the CCU residential service... Read more of this article

ICC WCL Cricket: Bermuda Lose To Nepal

Bermuda met up with Nepal today [May 1] at Lord’s in St. David’s as part of the Pepsi ICC World Cricket League [WCL] Division 3 Tournament, losing the match by 8 wickets. Nepal won the toss and elected to bowl first against Bermuda. After 38.2 overs Bermuda were bowled all out, only five batsmen scored in double figures, captain Stephen Outerbridge... Read more of this article

Butterfield Bank Reports Earnings Of $15.3M

The Bank of N.T. Butterfield & Son Limited announced core earnings for the first quarter ended 31 March 2013 of $15.3 million [$0.02 per Share on a fully diluted basis], compared to $14.6 million a year ago. Net income for the quarter was $13.3 million, including non-core redundancy and early retirement costs of $2.0 million, compared to net... Read more of this article

Archaeologists Confirm Jamestown Cannibalism

Archaeologists have confirmed Jamestown’s colonists resorted to cannibalism during the “starving time” winter of 1609-10 prior to the arrival of two provision-laden ships built in Bermuda by the “Sea Venture” castaways. In a presentation at the Smithsonian’s National Museum of Natural History in Washington DC, archaeologist... Read more of this article