691 results returned for search: "" category "Business" author Ahmed Elamin
Shareholders in the Brunswick Co. are in a fight for survival against prominent businessman Frederick W. Yearwood who is claiming the company owes him $1.6 million.
In response to the claim Brunswick's shareholders are alleging Mr. Yearwood attempted...
DATE: Mar 25, 1999
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AUTHOR:
Ahmed Elamin
With the Year 2000 problem about to affect computers in less than ten months, rating agency A.M. Best Co. predicts that all but a few insurance companies will be fully operational in January 2000.
The task of fixing the affected computers has not bee...
DATE: Mar 24, 1999
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AUTHOR:
Ahmed Elamin
The telecommunications industry world-wide is undergoing a process of transformation, evident in the mobile telephone sector, where exciting technology is coming to the fore and companies are jockeying for position in a lucrative and growing market.
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DATE: Mar 22, 1999
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AUTHOR:
Ahmed Elamin
Bermuda-based Global Crossing is forecasting that by buying US-based Frontier Corp. for $11.2 billion in stock that growth will be boosted about 30 percent annually before interest, taxes, depreciation and amortisation.
In a telephone conference call...
DATE: Mar 19, 1999
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AUTHOR:
Ahmed Elamin
In a bid to stave off disputes in the Internet business, Telecommunications Minister Renee Webb yesterday met with industry representatives to sort out looming conflicts over the provision of voice service using the technology.
Voice service using In...
DATE: Mar 19, 1999
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AUTHOR:
Ahmed Elamin
With all the current talk about electronic commerce, and the push to forge legislation fostering the development as another sector of the Bermuda economy, the obvious question must be asked: What is this electronic commerce anyway? I, like others, a...
DATE: Mar 15, 1999
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AUTHOR:
Ahmed Elamin
survival, according to Duff & Phelps Credit Rating Co. (DCR) as the agency downgraded the company's Australian and Bermudian subsidiaries.
The rating agency has lowered the claims paying ability of New Cap Reinsurance Corp. Ltd. (Australia) and New C...
DATE: Mar 11, 1999
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AUTHOR:
Ahmed Elamin
There's a lot of uncertainty about how much the Year 2000 computer problem will cost the insurance and reinsurance industry, but everyone is attempting to write in exclusion clauses to protect their bottom lines.
Even with the exclusion clauses, howe...
DATE: Mar 11, 1999
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AUTHOR:
Ahmed Elamin
The Bank of Bermuda is considering whether to shift management of its equity funds over to J.P. Morgan Investment Management.
Earlier this year the bank appointed the firm to manage its four bond funds, in the process making three investment staff re...
DATE: Mar 10, 1999
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AUTHOR:
Ahmed Elamin
A year after purchasing a majority stake in local start up Quantum Communications Ltd., electric utility Belco Holdings Ltd. is considering whether to sell its share of the telephone company.
Belco president and chief executive officer Garry Madeiros...
DATE: Mar 10, 1999
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AUTHOR:
Ahmed Elamin
