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tanker company will close its head office in Bermuda, the chief financial officer said yesterday. Bermuda-registered Frontline Ltd., which is headquartered in Norway, yesterday signed an agreement to acquire LOF in a transaction valuing the company a...

Consultant William Knoke, founder of the Harvard Capital Investment Group, has taken the trends of globalisation and communications technology and projected them to their logical extreme. "We are entering the age of everything, everywhere,'' he said ...

phone operations until early next year, principal shareholder Kurt Eve said yesterday. The company had planned to begin competing in the local cellular telephone market this summer. Bermuda Digital is currently in negotiations with a large "internati...

local hotel operation and has threatened to pull out of Bermuda. The company has said it will terminate its lease with Bermuda Properties Ltd. for the Marriott's Castle Harbour Resort unless its rent was reduced and other arrangements were made to im...

seeking damages for smoking-related illnesses from the tobacco industry. Louisiana law allows plaintiffs, in this case the state, to sue companies which have written insurance policies for the primary defendants, the tobacco companies. However ACE's ...

percentage increase in cash compensation paid to him in 1996 out of the 44 chief executive officers (CEOs) heading the leading commercial insurers and reinsurers surveyed by Business Insurance magazine. Mr. Blake received $529,038 in salary along wit...

Tax authorities are taking a closer look at payment transfers for administrative and managerial services provided by international subsidiaries to their home offices or related companies, according to a new survey by accountants Ernst & Young. The of...

It's the revenge of the nerds all over again. Those in the computer industry are enjoying glorious days, as those of us who are in the lesser professions well know when we fork out $100 an hour for advice. A shortage of workers in the information tec...

ailing tourism sector has a spotty history of helping its clients, according to a critical book on the consultancy industry. While reporters James O'Shea and Charles Madigan show a grudging respect for Boston-based Monitor consultancy in their book D...

The Bank of Bermuda Ltd. is undertaking a major reorganisation of its local operations in an attempt to cut costs and improve efficiency. Subsequent phases of the two-year restructuring programme will tackle the bank's widespread global operations. L...