1710 results returned for search: "" category "Business" author Jonathan Kent
Tyco Electronics yesterday became the latest Bermuda international company to announce its intention to move to Switzerland.
The company, which is one of the world's biggest makers of electrical components was formed in June 2007, said in a statement...
DATE: Jan 15, 2009
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AUTHOR:
Jonathan Kent
Phoenix Stores Ltd. plans to open a new Dockyard pharmacy aimed principally at gaining trade from cruise ship passengers.
The company's chief executive officer George Grundmuller said the target opening date for the new store, at 7 Camber Road in the...
DATE: Jan 15, 2009
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AUTHOR:
Jonathan Kent
Property developer Sir John Swan said the Government was right to grant permission to XL Capital and American International Group to sublet part of their Bermuda headquarters to other companies.
The former Premier said XL's decision to rent out the o...
DATE: Jan 13, 2009
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AUTHOR:
Jonathan Kent
The Bernard Madoff investment debacle could see the insurance industry paying out around $1 billion in claims as investors sue institutions and money managers who put funds into an alleged giant Ponzi scheme.
That is the view of Greg Flood, president...
DATE: Jan 09, 2009
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AUTHOR:
Jonathan Kent
The annual rate of inflation fell for a second consecutive month in November, but high electricity costs kept it above five percent.
Government figures published yesterday showed consumers paid 5.2 percent more for the Consumer Price Index (CPI) 'bas...
DATE: Jan 08, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based shipping company Nordic American Tanker Shipping Ltd. (NAT) last night announced it would offer three million common shares for sale to raise money for planned future acquisitions.
The company expects to close the sale of the shares on ...
DATE: Jan 08, 2009
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AUTHOR:
Jonathan Kent
Jeweller HS and JE Crisson Ltd. has laid off three employees and temporarily closed three of its nine stores to undergo renovations.
The company's vice-president and general manager Susan Millar said the moves were intended to strengthen the position...
DATE: Jan 07, 2009
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AUTHOR:
Jonathan Kent
Rates for property catastrophe reinsurance — a major industry in Bermuda — rose by around eight percent in January 1 renewals, according to global reinsurance broker Guy Carpenter & Company.
The industry had anticipated harder rates following high ca...
DATE: Jan 07, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based investment company WP Stewart & Co., Ltd. said last night it would cease trading on the New York Stock Exchange (NYSE), as it announced a net loss of $31.2 million for the third quarter of 2008.
And it has applied to change its secondar...
DATE: Jan 06, 2009
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AUTHOR:
Jonathan Kent
The Bermuda-baseed Orbis Investment Fund owns a 5.25-percent stake in Japan's biggest computer memory chip-maker Elpida Memory.
And yesterday that stake soared in value as Elpida shares rocketed 13 percent on the announcement of merger talks with Tai...
DATE: Jan 06, 2009
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AUTHOR:
Jonathan Kent
