76389 results returned for search: "" category "Business"
KeyTech Ltd.'s share price plummeted $2 (14.3 percent) to $12 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) on Wednesday.
The utilities company traded 1,210 shares throughout the day.
Butterfield Bank, meanwhile, continued its recent fall, ...
DATE: Aug 02, 2008
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Bermuda-based Bacardi Ltd. will purchase a significant minority stake in the internationally-renowned tequila brand Patrón.
John Paul DeJoria, co-founder of Patrón tequila said the agreement will make way for the funding of a children's charitable tr...
DATE: Jul 30, 2008
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There was no word from XL Capital Ltd. yesterday on how many jobs will be lost at the company's global headquarters as the company tries to slash operating costs.
On Monday evening, the global commercial insurer, which has 77 offices in 27 countries,...
DATE: Jul 30, 2008
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AUTHOR:
Jonathan Kent
Credit ratings agencies gave a less than enthusiastic welcome to XL Capital Ltd.'s plan to extricate itself from potential future costs relating to affiliate Security Capital Assurance Ltd. (SCA).
Both Moody's Investors Service and AM Best put the co...
DATE: Jul 30, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based RenaissanceRe Holdings Ltd. yesterday reported net earnings of $135.7 million for the second quarter, down 26 percent on the same period of last year.
Low catastrophe losses enabled the company to record a combined ratio of 53.5 percent...
DATE: Jul 30, 2008
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AUTHOR:
Jonathan Kent
Last time we looked in outline at social networking sites, such as MySpace and Facebook. I want to go a little deeper today and look at how these sites are developing, and how we should go about keeping an eye on our young persons use, without becomi...
DATE: Jul 30, 2008
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Well, the latest entrant in the search engine space now claims to have catalogued 121,617,892,992 web pages.
This number adds up to three times as many as Google, say Cuil's founders, some of whom are ex-Google staff out on their own adventure.
But d...
DATE: Jul 30, 2008
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Ace Ltd. posted record quarter results as its profits rose by 15 percent or almost $100 million during the second quarter of 2008, boosted by a unit bought from Aon Corp.
The global insurer, which has its principal executive offices in Bermuda, saw i...
DATE: Jul 30, 2008
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Endurance Specialty Holdings Ltd. reported a 24 percent drop in its net income during the second quarter.
The company reported a net income of $103.3 million and $1.56 per common share for the second quarter of 2008, versus net income of $135.3 milli...
DATE: Jul 30, 2008
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Bermuda-based Ram Holdings Ltd. yesterday said its bond reinsurance unit Ram Re paid out $94.4 million to cut its exposure to mortgage-linked bonds.
The payment allowed the company to rid itself of exposure to a $3.5 billion portfolio with XL Financi...
DATE: Jul 30, 2008
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AUTHOR:
Jonathan Kent
