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There are no tower cranes involved, but KPMG has been doing a bit of construction — or more correctly restructuring — to its business in the past few months. It has created an all-new, fully integrated advisory service offering that brings together i...

LONDON (AP) — Barclays PLC chief executive John Varley said yesterday that the British bank was confident it had an "agreed merger" with ABN Amro NV, despite the Dutch bank opening its books to higher bid from a consortium led by the Royal Bank of Sc...

Arch Capital has improved its first-quarter profits by $59 million year-on-year despite a near $200m drop in gross premiums written compared to the corresponding period in 2006. The company's board of directors authorised a $1 billion share repurchas...

A quarter of a million dollars has been granted to the Uptown Market Association to help further its aim of improving the quality of life and business in the uptown area of Hamilton, centred on Court Street and its environs. The money will be put to ...

NEW YORK (AP) — It looks like cause for celebration: The Dow Jones industrial average surged from 12,000 to 13,000 in just six months. But appearances can be deceiving, and there may be more reason to worry than rejoice about Wall Street’s latest acc...

NEW YORK (Bloomberg) — Tyco Electronics, one of two units to be spun off from Bermuda-based Tyco International Ltd., was assigned a BBB corporate rating by Standard & Poor's Ratings Services, while it received a Baa2 rating from Moody's Investors Ser...

Protecting intellectual property, be it a trademark, brand name or a creative work such as a book, poetry, music or even tea-towel designs, is the daily mission of a team of six in the Intellectual Property department within the Office of the Registr...

KeyTech Ltd. is considering plans to install a new multi-million-dollar undersea telecommunications cable linking the Island with the US and has been in talks with potential fellow investors. The Ministry of Environment, Telecommunications and E-Comm...

A remarkable recovery for Montpelier Re, one of the worst-hit Bermuda insurers and reinsurers from the 2005 hurricane season, has been underlined by a $43 million improvement in its first quarter net profits year-on-year to $73.3m. The lessons from t...

SAN FRANCISCO (Bloomberg) — Bermuda-based Marvell Technology Group Ltd., a chipmaker that plans to restate financial results, said a probe by regulators into its stock-option grants has escalated.The review by the US Securities and Exchange Commissio...