76379 results returned for search: "" category "Business"
NEW YORK (Bloomberg) - Google Inc. will pay $125 million to settle two copyright lawsuits by publishers and authors over its book-scanning project, a "historic" deal that the company said will make millions of books searchable and printable online.
T...
DATE: Oct 29, 2008
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Axis Capital chief executive officer John Charman said yesterday than the insurance and reinsurance market faced a better market opportunity now than after the 9/11 terrorist attacks in 2001.
He said the erosion of capacity, due to widespread catastr...
DATE: Oct 29, 2008
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AUTHOR:
Jonathan Kent
Oops! Here is a sad story of how not to use an Excel spreadsheet when doing complicated financial computations.
It seems that a lawyer in the deal between Barclays Capital and the bankrupt Lehman Brothers did not spot an error when converting an Exce...
DATE: Oct 29, 2008
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Ace Ltd.'s third-quarter profit was down 92 percent to $54 million, the Switzerland-based insurer reported last night.
The company, which has major operations in Bermuda, is one of a minority in the industry to be able to report a positive net income...
DATE: Oct 29, 2008
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AUTHOR:
Jonathan Kent
Net income: $54 million compared to $656 million in 2007.
Gross premiums written: $5.22 billion compared to $4.46 billion in 2007.
Combined ratio: 97.9 percent compared to 88.5 percent in 2007.
DATE: Oct 29, 2008
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The Royal Gazette/Bermuda Stock Exchange dropped 128.88 points yesterday with BF&M, Belco and KeyTech all hit with major declines.
The BSX closed at 3,685.50, down 3.38 percent from Monday.
KeyTech shares had the highest percentage drop after 6,500 w...
DATE: Oct 29, 2008
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Former Premier Sir John Swan has described a new tax law which stops the deferral of income tax paid on compensation earned by US taxpayers working in Bermuda as a "warning shot across our bows".
The Emergency Economic Stablisation Act of 2008, which...
DATE: Oct 29, 2008
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Bermuda may need to make structural or legislative changes to meet the challenges of the global economic slowdown and the threat that the US will crack down on tax havens, Premier Ewart Brown said on Monday.
Speaking on CNBC's "Squawk Box" with host ...
DATE: Oct 29, 2008
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Net income: loss of $220.4 million compared to profit of $144 million in 2007
Combined ratio: 163.4 percent compared to 60.6 percent in 2007
Gross premiums written: $239.8 million compared to $208.8 million in 2007
DATE: Oct 29, 2008
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RenaissanceRe Holdings Ltd. suffered the full effects of hurricanes Gustav and Ike and the financial crisis, making a net loss of $220.4 million in the third quarter.
The reinsurer estimated having to pay out $276 million in claims for the two hurric...
DATE: Oct 29, 2008
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