75985 results returned for search: "" category "Business"
During a time when most companies are cutting back, Bermuda Press and its sister company, Chameleon, have invested close to $2 million in state-of-the-art equipment to ensure a spot at the top of the local printing industry.
Bermuda Press, located on...
DATE: Dec 20, 2011
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CATEGORY:
Local Business
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NEW YORK (Bloomberg) Bermuda-based bond insurer Assured Guaranty, which backed the debt driving Harrisburg, Pennsylvania, into insolvency, faced the prospect of forced losses in a bankruptcy, so it invested in its future.
The bond insurer, which was ...
DATE: Dec 20, 2011
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CATEGORY:
Reinsurance
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Christmas is a time for introspection, thanksgiving and making resolutions for the New Year. But this year many will be feeling like the Grinch because their employment situation is not good. Thousands are out of work and many who are employed earn l...
DATE: Dec 20, 2011
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CATEGORY:
Bermuda Works
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Christmas spell. Early in December Karen and I put up our Christmas tree and decorated it with ornaments, both old and new. How a room can change when the centre of focus becomes a sparkling, shining beacon of hope and changes the mood of all who ent...
DATE: Dec 20, 2011
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CATEGORY:
Bermuda Works
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Insurers BF&M Ltd and Argus Group Holdings Ltd moved in opposite directions in Bermuda Stock Exchange trading last week.
BF&M climbed 25 cents, or 1.7 percent, to close the week on $15.25, as 6,600 shares traded.
Argus fell six cents, or 1.4 percent,...
DATE: Dec 19, 2011
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CATEGORY:
Bermuda Stock Exchange
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Argus Group Holdings Ltd made a net loss of $3.9 million for the six months ended September 30, 2011, driven by a soured investment in a Bermuda-based reinsurance company, the company announced yesterday.
The insurer said results were impacted by an ...
DATE: Dec 19, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) Bermuda-based Frontline Ltd, the oil-tanker owner that announced a restructuring plan 10 days ago, said a new company that it intends to form completed a private sale of shares that raised $285 million.
Frontline, rose almost 11 pe...
DATE: Dec 19, 2011
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CATEGORY:
International Business
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A spike in late or non-payment of taxes by businesses is adding to Government’s revenue shortfall.
Government revealed in its pre-budget report last week that it had made a nearly $50 million allowance for bad debts for fiscal 2010-11 as businesses c...
DATE: Dec 19, 2011
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CATEGORY:
Other
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Bermuda-based Nabors Industries has concluded the sale of the assets from its subsidiary, Ramshorn Investments Inc, for about $72 million in cash.
Ramshorn Investments sold all of its interest in certain oil and gas properties in California. Accordin...
DATE: Dec 19, 2011
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CATEGORY:
International Business
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XL Group plc has announced that the board of directors of its wholly-owned subsidiary XLIT Ltd (formerly XL Group Ltd) agreed on Friday to pay a dividend of $9.1084 per share on its Series D preference ordinary shares.
The dividend will be paid on Ja...
DATE: Dec 19, 2011
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CATEGORY:
Reinsurance
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