Month: March 2011

March 2, 2011

C&W Bermuda sold for US$70m

CABLE & WIRELESS BERMUDA has been sold to a Canadian company. The Bragg Group has purchased the Bermuda operations of C&W Communications Plc. (CWC) for US$70 million. This included Cable & Wireless Bermuda along with Cable & Wireless (Bermuda)…

March 2, 2011

Cricket World Cup: Malinga hat-trick hammers Kenya

Pace bowler Lasith Malinga claimed six wickets -…

March 2, 2011

Samuels, Austin lead batting, bowling at halfway stage

Marlon Samuels and Ryan Austin are the leading batsman and bowler respectively, in the WICB Regional first-class championship, following the fourth round of matches, which ended on Monday. Samuels has scored 595 runs from seven innings in four…

March 2, 2011

Chelsea 2 – 1 Man Utd

Chelsea kept their faint Premier League title hopes alive and damaged Manchester United's own…

March 2, 2011

Howard has 30 to lead Magic past Knicks, 116-110

Dwight Howard had 30 points and 16 rebounds, Jameer Nelson scored 23 of his 26 points in the second half, and the Orlando Magic outlasted the New York Knicks 116-110 on…

March 2, 2011

Ex-Goldman Sachs director charged with insider trading

A former Goldman Sachs board member has been charged with insider trading. The US Securities and…

March 2, 2011

Bank of America website suffers outage … again

Bank of America's online banking system went on the fritz for some users Tuesday, the second such incident this year. Customers attempting to access the bank's online services were experiencing "intermittent service disruptions," according to Tara…

March 2, 2011

Stocks drop more than 1% as oil spikes near $100

U.S. stocks tumbled Tuesday, with all three major indexes down more than 1%, as oil prices spiked to nearly $100 a barrel. The Dow Jones industrial average (INDU) sank 168 points, or 1.4%, with Alcoa (AA, Fortune 500) and Caterpillar (CAT, Fortune…

March 2, 2011

Gold price hits record high on Libya unrest

The price of gold has hit a record high as investors worry about the political turmoil in Libya and spreading tensions across the Middle East. The price on the London Bullion Market jumped more than $14 to $1,434.50 an ounce, topping the previous…

March 2, 2011

Bernanke: Sustained oil price rise danger to US economy

The length of time that oil prices remain high will be significant for the US economy, US Federal Reserve chairman Ben Bernanke has said. He told the Senate Banking Committee that the most likely outcome was a temporary and modest rise in…