Typical CEO made $9.6M last year, AP study finds
AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from…
Concerns over Cayman Islands Consolidated Water deal with Npdevco
BISX-listed Consolidated Water yesterday said its $14 million joint venture water supply deal with New Providence Development Company (NPDevCo) would ultimately supply “everything bar Albany” west of Lynden Pindling International Airport (LPIA), although not everyone is happy with their 25-year…
Alibaba’s “Scheme” to seek sanction by Cayman Islands Grand Court
Alibaba Group Holding Limited (“Alibaba Group”) and Alibaba.com Limited jointly announced that the proposal for the privatisation of Alibaba.com by way of a scheme of arrangement (“Scheme”) has been approved by a sufficient majority of the independent shareholders of Alibaba.com…
Statement by Premier and Minister of Finance Dr. the Honourable D. Orlando Smith, OBE
Statement by Premier and Minister of Finance Dr. the Honourable D. Orlando Smith, OBE on behalf of: the British Virgin Islands, Anguilla, the Cayman Islands, Montserrat and the Turks and Caicos Islands 42nd annual meeting of the board of governors…
Turner’s Classic Movies (TCM) cruise coming to Grand Cayman
With the unprecedented success of the 2011 cruise, Turner’s Classic Movies (TCM) have announced a second voyage slated to depart from Miami on January 21, 2013. During the six-day voyage, the Celebrity Constellation will make its way from Florida to…
Spain’s Bankia asks for $24B in state aid
(AP) — Spain’s troubled bank, Bankia, asked the Spanish government for €19 billion ($23.8 billion) in financial support on Friday, the day that a leading credit rating agency downgraded it to junk status. Jose Ignacio Goirigolzarri, the bank’s president, said…
Almost 700 arrested in Canada tuition protest
AP) — Nearly 700 people were arrested Wednesday night after a protest over higher university tuition in Quebec erupted into another night of violence. The student protests have only grown since the provincial government last week passed emergency legislation in…
Egypt’s presidential elections final day spat
Amr Moussa and Ahmed Shafiq traded accusations, saying false rumours were being spread that each was about to withdraw from the hotly contested race. Other candidates have also been accused of breaking “election silence” rules. Counting has begun at some…
Man tells police he killed missing NYC boy in 1979
NEW YORK (AP) — In a potential break in one of the nation’s most baffling missing-children cases, a former convenience-store employee has told police that he suffocated 6-year-old Etan Patz in 1979 and left the boy’s body in a box…
EU running out of time as Greece nears the exit
AP) — European leaders insist they want to keep Greece in the Eurozone, but are putting off any agreement on how they hope to accomplish that. Greece says it, too, wants to stay in the Eurozone, but until after elections…
