iLocal News Archives

Day: June 6, 2013

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The Editor Speaks: Webb makes critics eat their words

In only just over a year since taking office as CONCACAF’s (Confederation of North Central, Central America and the Caribbean) president, Jeffery Webb, a banker from our own country the Cayman Islands, has made the many critics of his appointment…

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ISoftStone reports receipt of non-binding proposal to buy Co. at $5.85/ADS

From RTT News iSoftStone Holdings Ltd. (ISS: Quote), a China-based IT services provider, said its board has received a preliminary non-binding proposal letter, dated June 6, 2013, from Tianwen Liu, the company’s CEO and the chairman of its board, and…

Remora fish studied for glue

From Cayman Islands Department of Environment DID YOU KNOW? Remora fish are helping researchers with a sticky situation! Remoras (from the family Echeneidae) are fish that attach themselves to a host, usually large free-swimming fish such as sharks and mantas,…

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3 Louisiana pension funds file suit over hedge fund investment

By Richard Thompson, | The Times-Picayune Five years after three Louisiana retirement systems invested $100 million in a hedge fund promising high returns with low risk, a pact that has since soured, pension trustees are now suing the financial…

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Does a civilized society tolerate animal cruelty?

From Bahama islands info When you see what we at the Humane Society of Grand Bahama see on a regular basis, one of two things happen.  You either can’t take it and quit, or you toughen up somehow, because if…

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Gore to this than meets the eye?

By Ben Butler Business reporter, The Sydney Morning Herald If the corporate watchdog is to be believed, the Gold Coast is not the only sunny place favoured by bankrupt property developer Craig Gore, the son of Sanctuary Cove developer Mike….

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Bolt may be fast but Sailfish is faster

From Cayman Islands Department of Environment DID YOU KNOW? The people of Grand Cayman had the opportunity to see the fastest man in the world, Usain Bolt, compete in the Cayman Invitational 2013 last May. Did you also know that…

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Double Dutch: loopholes get multinationals off tax hook

By Peter Cluskey  From The Irish Times Amongst the Dutch tax provisions companies find most alluring is the absence of withholding tax on earnings derived from IP Holland’s byzantine network of tax treaties has led to some 23,000 shell companies…

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Coconut water is the flavour of the month(s)

I am not a great fan of the flavour of coconut water but I have, shall we say, acquired or accepted that the taste is not unpleasant and have been sold on its array of promised health benefits. Coconut water…

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Bre-X class action settlement approved; investors get fraction of losses

Hugh McKenna, Canadian Press  From Financial Post TORONTO — The lengthy battle by Bre-X investors to recover billions in Canada’s largest mining fraud appears to be over in what one of the original plaintiff lawyers in the case called a…