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CABLE PRESSURED BY 18.5% COST RISE

Cable Bahamas last night unveiled a 2.5 per cent net income increase for 2011 to $20.483 million, as it warned that rising costs continued to "challenge" its financial performance. Unveiling an improvement upon its 2010 bottom line of $19.991 million, the

CITY MARKETS NAME 'SHOULD HAVE DIED'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE City Markets name was what ultimately caused the struggling supermarket chain to fail to recover, a rival food retailer believes, telling Tribune Business that the Finlayson fam

CITY MARKETS CHIEF HOPING DEAL 'IMMINENT'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net and NEIL HARTNELL Tribune Business Editor CITY Markets' principal believes the acquisition of the struggling five-store supermarket chain by Super Value's owner and president, Rupe

Bank warns on provisions rise

By NEIL HARTNELL Tribune Business Editor Bank of the Bahamas International has warned investors it may have to increase loan loss provisions further during its financial year's second half, its managing director telling Tribune Business it was "grappling

Spurs boost Champs League hopes by beating Swansea

LONDON (AP) -- Tottenham beat Swansea 3-1 Sunday to close within goal difference of Arsenal for third place in the English Premier League. Tottenham's win also helped it keep Chelsea and Newcastle at arm's length in the race to finish in the Champions Leag

PM vow to city markets staff

PM vow to city markets staff PRIME Minister Hubert Ingraham has promised City Markets workers the government will ensure they are treated fairly. On Friday, the owners of the supermarket chain confirmed they were in talks with Super Value about the possi

Chelsea-Barcelona, Madrid-Bayern to face off in Champs League semifinals

By ROB HARRIS AP Sports Writer LONDON (AP) -- Cristiano Ronaldo's double ensured Real Madrid easily ended APOEL Nicosia's extraordinary Champions League run yesterday and set up a semifinal with Bayern Munich, while Chelsea will next face holder Barcelona

Dempsey seals 1-1 draw for Fulham against Chelsea

By ROB HARRIS AP Sports Writer LONDON (AP) -- Clint Dempsey scored his 22nd goal of the season for Fulham to clinch a 1-1 draw against Chelsea on Monday and prevent its west London rival from climbing into the Champions League places. The United Sates att

Chelsea beat Tottenham 5-1, reach FA Cup final

By STEVE DOUGLAS AP Sports Writer LONDON (AP) -- Chelsea sealed a meeting with Liverpool in the FA Cup final after thrashing London rival Tottenham 5-1 at Wembley Stadium yesterday thanks to some ruthless finishing and a controversial goal that will reign

Furious flurry by James gives Heat victory over Nets

NEWARK, N.J. (AP) -- LeBron James scored Miami's final 17 points in a furious one-man rally, finishing with 37 as the Heat pulled out a 101-98 victory over the New Jersey Nets on Monday night. In a game the Heat never led until the final 51 seconds, James

Chelsea wins first leg 1-0

By STEVE DOUGLAS AP Sports Writer LONDON (AP) -- Didier Drogba swept the ball into the net late in the first half, and Chelsea managed to hang on. With an inspired performance, the Blues beat Barcelona 1-0 Wednesday night in the first leg of their Champio

Grief-stricken Djokovic into Monte Carlo quarterfinals

MONACO (AP) -- Novak Djokovic played just hours after learning about the death of his grandfather and defeated Alexandr Dolgopolov 2-6, 6-1, 6-4 yesterday to reach the Monte Carlo Masters quarterfinals. Seven-time defending champion Rafael Nadal followed D

Nadal beats Ferrer for 7th Barcelona Open victory

BARCELONA, Spain (AP) -- Rafael Nadal became the first player in the Open Era to win two tournaments seven times after beating David Ferrer 7-6 (1), 7-5 in Sunday's Barcelona Open final. The second-ranked Nadal's 21st straight victory on clay followed up h

Liverpool warms up for FA Cup final with loss

LONDON (AP) -- Liverpool's hopes of taking a morale-boosting victory into the FA Cup final were dashed thanks to a 1-0 home loss to Fulham on Tuesday, improving Everton's chances of finishing above its Merseyside rival in the Premier League for the first t

Where to put your X

EDITOR, The Tribune. In just a few days we will be heading to the polls to mark our X to the candidate and/or party of our choice. As an independent voter I struggled with whom I would mark my X on election day until a few days ago when I heard Britain

Electricity cut off at City Markets

Electricity cut off at City Markets CITY Market stores across New Providence had their electricity cut off yesterday for delinquent accounts, The Tribune can confirm. It was unclear how many stores were cut off, but BEC Chairman Michael Moss last night c

KFCs stay closed as row escalates

KFCs stay closed as row escalates By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net UNION chiefs yesterday accused KFC Nassau of intimidating workers and undermining labour laws as the fast-food chain remained closed for a second day

Davis working his way back to NBA D-League

By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net BENNET Davis continues to remain afloat on a basketball circuit on the other side of the globe as he works his way back to the NBA D-League and ultimately a shot in the NBA. Davis has spent the

FINCO in profit boost as bad loans hit $100m

FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in

Bahamasair eyes 'break even' despite $21m loss

Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua