Canada and the Bahamas have held discussions on the Commonwealth Heads of Government Meeting (CHOGM) to be held in Sri Lanka. The Bahamas Foreign Ministry said that its Foreign Affairs Minister Fred Mitchell discussed the Sri Lanka summit with visiting Canadian Minister of State of Foreign Affairs Diane Ablonczy at the Ministry of Foreign Affairs.

“We are fellow Commonwealth countries and have been working in a spirit of friendly cooperation since The Bahamas attained its independence almost forty years ago. The common themes are democracy, the rule of law, respect for the rights of the individual including the right to privacy and the security of the citizens, their persons and property. We exchanged views on these issues today, particularly in light of the upcoming Heads of Government conference in Sri Lanka in the fall,” Fred Mitchell said in a statement.

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Realtors in The Bahamas are witnessing an uptick in sales in tandem with infrastructure upgrades and major construction products.
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Kerzner International Holdings Ltd., builder of Atlantis resorts in the Bahamas and Dubai, formed a partnership to construct Saudi Arabia’s first One & Only resort.

Kerzner, based in the Bahamas, joined with Al Khozama Management Co. and Saudi Oger Ltd. to build the project north of Jeddah on the Red Sea, the companies said in a statement today. The resort is designed to include 150 rooms, suites and villas as well as restaurants, meeting rooms and a spa on 95,000 square meters (23.5 acres) of land.

This is an excerpt from Businessweek as it appeared on May 21, 2013. For updates or to read the current version of this post in its entirety, please click here.

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NEW YORK, MAY 17, 2013 /PRNewswire/ — Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG” or the “Company”) today provided clarification regarding statements made in a filing submitted by The Yucaipa Companies (“Yucaipa”). The reference in the Yucaipa filing was to a letter received in November 2012 from a large international hotel company proposing to acquire all of the Company’s outstanding common stock for $7.50 per share in cash. The letter said the proposal was based on publicly available information and would be subject to confirmatory due diligence. The Company’s Board of Directors discussed this proposal and concluded that the price was not sufficiently attractive to commence formal negotiations in light of the views expressed to the Company’s special transaction committee by its independent financial advisor regarding the prospects for growth in its stock price over the next several years if the Company is successful in securing additional management contracts through implementation of its strategic plan. The Company’s Board responded that it was not interested at the proposed price, but that it might entertain a proposal at a significantly higher price. A similar proposal was received by the Company from the same party at the same price in February 2013 and the Company’s position on the proposal was unchanged.

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Awilhelmsen AS, a largest shareholder of Royal Caribbean Cruises Ltd. (RCL: Quote), announced Thursday that it would vote its shares in favor of a shareholder proposal to eliminate classification of the Royal Caribbean Board of Directors and in accordance with a recommendation of Institutional Shareholder Services or “ISS”.

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Royal Caribbean Cruises Ltd. (RCL: Quote) announced that its Vice Chairman and Chief Financial Officer, Brian Rice, will transition his Chief Financial Officer responsibilities to Jason Liberty as he prepares for his retirement in the spring of 2014. However, Rice will continue to serve as Vice Chairman until his retirement, overseeing Royal Caribbean’s finance, supply chain, strategy and information technology functions.

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Investors seeking higher yields are buying structured notes tied for the first time to the debt of emerging-market nations from the Bahamas to Lithuania and Honduras.

JPMorgan Chase & Co. (JPM) sold $6 million of credit-linked notes on the Bahamas this week, the first securities to reference the Caribbean islands, according to data compiled by Bloomberg. Natixis (KN) issued debut notes linked to Lithuanian bonds on May 14, while a Jersey-based special purpose vehicle offered the first securities referencing Honduras last month.

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This is an excerpt from Businessweek as it appeared on May 17, 2013. For updates or to read the current version of this post in its entirety, please click here.

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ST. GEORGE, Utah, May 15, 2013 /PRNewswire/ — Wilson Electronics (www.WilsonElectronics.com), North America’s leading maker of cellular signal boosters, today announced a new marine initiative with the development of a signal booster kit that improves cellular coverage for boaters on inland waterways and for near-shore mariners.

Link to hi-res image.

The Marine Signal Booster Kit (SKU# 841246) pairs Wilson’s well established AG SOHO 60 signal booster with the its marine antenna, and includes all cables and components needed to complete and install the system.

“Many boaters who try to use a cellular device while on the water experience dropped connections and no-service zones just as cellular customers occasionally do on dry land,” said Laine Matthews , business development director for Wilson Electronics. “Installing a Wilson mobile signal booster provides boaters the same signal boosting benefits that drivers of cars, trucks and RVs have enjoyed for years.”

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