76369 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — XL Capital Ltd., the Bermuda-based insurer, expects a gain of $60 million to $80 million after early termination of a fund with a unit of France's Axa SA.
XL "will be paid a greater share of the remaining funds than was origina...
DATE: Dec 24, 2008
|
CATEGORY:
Other
|
WASHINGTON (Bloomberg) - Chip companies are turning to armies of patent lawyers to bolster revenue amid the worst market for semi-conductors since 2001.
Qimonda AG, LSI Corp. and Spansion Inc. are among the chip companies using the US International T...
DATE: Dec 24, 2008
|
CATEGORY:
Other
|
Global health care products company Covidien Ltd. wants to move out of Bermuda to move its corporate headquarters to Ireland.
The company said yesterday it wanted to take advantage of the country's favourable tax structure and location. Four of the c...
DATE: Dec 24, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Maurice (Hank) Greenberg, the former chief executive officer of American International Group Inc., said new CEO Edward Liddy's experience running Allstate Corp. "hardly equips" him to run AIG.
Managing Allstate, which specialis...
DATE: Dec 24, 2008
|
CATEGORY:
Other
|
london (Bloomberg) — Two Bermuda-based companies, Hiscox Ltd. and Catlin Group Ltd., and a third which writes much of its reinsurance business on the Island, Amlin, are among the ten best-performing large British companies this year.
The three Lloyd'...
DATE: Dec 24, 2008
|
CATEGORY:
Other
|
Argus Group Holdings Ltd.'s shares fell for the second straight day on The Royal Gazette/Bermuda Stock Exchange (BSX) yesterday.
The insurer dropped 25 cents (2.5 percent) to close at $9.75, with 200 shares changing hands.
Butterfield Bank also decli...
DATE: Dec 24, 2008
|
CATEGORY:
Other
|
Customers of Bermuda CableVision's Broadband Link high-speed data service will now be able to enjoy double the broadband speed for the same cost.
CableVision's Broadband Link, which was introduced in April 2007, is the Island's only symmetrical data ...
DATE: Dec 24, 2008
|
CATEGORY:
Other
|
NEW YORK (AP) — Wall Street pulled back again yesterday in muted trading ahead of the holiday, as another round of reports showed further deterioration in the housing market and broader economy.
The Dow Jones industrial average finished lower for the...
DATE: Dec 24, 2008
|
CATEGORY:
Other
|
WASHINGTON (Bloomberg) - General Motors Corp. (GM) fell as much as 18 percent after a Credit Suisse Group AG analyst said stockholders may be 'wiped out' by the restructuring needed to win a US bailout and cut his rating to 'underperform'.
The 12-mon...
DATE: Dec 23, 2008
|
CATEGORY:
Other
|
Bermuda-based specialist insurer Hiscox has lured two managers from bailed-out American International Group (AIG) companies to take top roles in its Manhattan office.
John Tutera will be Hiscox's vice-president, construction property and Robert Cruz ...
DATE: Dec 23, 2008
|
CATEGORY:
Other
|
