77160 results returned for search: "" category "Business"
Shares of Bermuda-based Gerova Financial Group (GFC) lost almost a third of their value in New York trading yesterday after the man the firm chose to become its CEO and chairman turned down the job.
Dennis Pelino decided not to accept the job becaus...
DATE: Feb 17, 2011
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CATEGORY:
International Business
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Many businesses that bank on Valentine’s Day sales reported a better weekend than 2010 but the weather played a bigger role than Bermuda’s economy.
Designer Florists in the Washington Mall managed to sell out of stock, according to store manager Lise...
DATE: Feb 16, 2011
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Bell
The Bermuda Jam Factory has had to become more creative to continue to grow in a difficult economy.
Joel McDonell, who runs the company with his partner Grant Kennedy, said the company has bargained and bartered its way forward since its inception.
“...
DATE: Feb 16, 2011
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CATEGORY:
Local Business
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AUTHOR:
Owain Johnston-Barnes
PartnerRe Ltd has estimated that it faces first-quarter losses of between $80 million and $100 million related to the floods and storms that have ravaged Australia this year.
The announcement came in a statement released after the close of regular st...
DATE: Feb 16, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank yesterday announced that it has appointed Michael Neff as executive vice-president, head of group asset management.
Mr Neff has nearly 25 years’ experience in financial services, having held senior roles in wealth management client s...
DATE: Feb 16, 2011
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CATEGORY:
Personal Finance
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Ascendant Group Ltd fell 3.3 percent yesterday in trading on the Bermuda Stock Exchange (BSX).
The company, which owns electricty provider Belco, fell 50 cents to close on $14.50, as 2,200 shares traded.
The only other domestic board issue to trade w...
DATE: Feb 16, 2011
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CATEGORY:
Bermuda Stock Exchange
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Rupert Murdoch’s global media giant News Corporation was forced to pay an Australian state government 77.5 million Australian dollars ($77.2 million) for allegedly avoiding taxes after it listed one of its companies on the Bermuda Stock Exchange (BSX...
DATE: Feb 16, 2011
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CATEGORY:
International Business
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Esteemed US economist, Steve Levitt, bestselling author of ‘Freakonomics' (2005) and its sequel, ‘Superfreakonomics' (2009), will be the keynote speaker at the second Annual Capital G Private Wealth Conference to be held on May 4 at the Tucker's Poin...
DATE: Feb 16, 2011
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CATEGORY:
Personal Finance
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Travel by private jet may seem like extravagant luxury to many but to several Bermuda international companies it is a practical and efficient means of travel.
Flagstone Re is one such firm. Last week, chief executive officer David Brown and a team of...
DATE: Feb 16, 2011
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CATEGORY:
Other
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Butterfield Bank shares fell 3.2 percent on the Bermuda Stock Exchange yesterday as the local stock market closed lower.
The bank fell four cents to close on $1.21, as 13,500 shares traded.
BF&M pared the gains it made last week, falling 99 cents, o...
DATE: Feb 15, 2011
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CATEGORY:
Bermuda Stock Exchange
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