BARBADOS MUTUAL TO CONTROL ISLAND LIFE.Barbados Barbados (bärbā`dōz), island state (2005 est. pop. 279,300), 166 sq mi (430 sq km), in the West Indies. The capital and largest city is Bridgetown. Land, People, and EconomyThe island, E of St. Mutual Life Assurance Society is to take controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in the ailing Jamaican company Island Life, reports CANA Cana (kā`nə), ancient town of Galilee. According to the Gospel of St. John it was here that Jesus performed his first miracle by turning water into wine at a wedding. Cana wedding feast where Christ made water into wine. [N.T. (September September: see month. 7, 1999). The transaction, supported by FINSAC (Jamaica's Financial Sector Adjustment Co., set up to restructure the problem-plagued financial sector) will provide Island Life with access to new capital. Barbados Mutual, which operates in 21 countries, earned profits of J$772 million (US$19.5 million) in 1998. It had assets worth J$36.5 billion (US$981.9 million) at the end of 1998 and capital of J$5.8 billion (US$156.02 million). |
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