76282 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — Daniel Bonventre, the ex-director of operations for Bernard Madoff, helped hide the diversion of $750 million from Madoff's investors to his brokerage, the US said in new criminal and civil complaints that claim even the legiti...
DATE: Feb 26, 2010
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BERNE (Reuters) - Switzerland said it would no longer accept untaxed money into its banks as it tries to ease pressure on its $2 trillion offshore banking industry from key trading partners seeking to boost tax revenues.
As it unveiled measures on ho...
DATE: Feb 26, 2010
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LONDON (Bloomberg) — British Airways' talks over staffing levels for cabin crew are likely to continue over the weekend in an effort to avoid a strike, the Unite union said.
Negotiations so far have been "very complex" and have covered "a whole host ...
DATE: Feb 26, 2010
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Butterfield Bank recorded its first gain of the week, with its common shares rising 5.45 percent (15 cents) on the Bermuda Stock Exchange (BSX) to $2.90 yesterday.
The bank traded 7,700 shares to close at $2.90 for the day.
It also saw 410 preference...
DATE: Feb 26, 2010
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NEW YORK (AP) — Hummer, the off-road vehicle that once symbolised America's love for hulking Sports Utility Vehicles, faces a shutdown after its sale to a Chinese heavy equipment maker collapsed.
Sichuan Tengzhong Heavy Industrial Machines Co. said y...
DATE: Feb 26, 2010
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RenaissanceRe Holdings Ltd. has promoted Peter Durhager to role of executive vice-president.
Mr. Durhager, who was previously senior vice-president, will continue to report to the company's CEO Neill Currie and to serve as chief administrative office...
DATE: Feb 26, 2010
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Social media and how businesses can benefit from the latest phenomenon in communication will be the main topic up for debate at a seminar presented by Troncossi Public Relations at the Bermuda Chamber of Commerce boardroom next week.
The event, which...
DATE: Feb 26, 2010
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ZURICH (Reuters) - Switzerland will ask parliament to turn a deal with Washington that got bank UBS off the hook in a tax evasion case into binding law, plugging a legal hole that is stopping Berne from honouring the agreement.
To settle a bitter dis...
DATE: Feb 26, 2010
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WASHINGTON (Bloomberg) — Federal Reserve chairman Ben S. Bernanke said the use of credit default swaps to destabilise a country is "counterproductive," and added the central bank is reviewing the arrangements of Goldman Sachs Group Inc. and other com...
DATE: Feb 26, 2010
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Investors in Bermuda Commercial Bank Ltd. (BCB) stand to earn a premium of more than 10 percent on yesterday's share price if the bank succeeds in finding a buyer.
That is one of the conclusions of an LOM equity research report that puts a one-year t...
DATE: Feb 26, 2010
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