76472 results returned for search: "" category "Business"
LONDON (Bloomberg) — Fortress Investment Group LLC, which manages private equity and hedge funds, agreed to buy the Bermuda-based reinsurer Alea Group Holdings Ltd. for $162 million ($320 million).New York-based Fortress will pay 93 pence a share in ...
DATE: Apr 05, 2007
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April 3 (Bloomberg) -- Nikko Cordial Corp. shareholder Orbis Investment Management Ltd. stepped up its campaign to force Citigroup Inc. to raise a $13.4 billion takeover bid, offering its 5.8 percent stake in the market at a higher price.
The Bermuda...
DATE: Apr 05, 2007
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Toronto (Bloomberg) — Canadian stocks rose to a record as take-overs and higher prices for some metals boosted shares of materials producers such as Lundin Mining and Goldcorp.Energy shares including Nexen gained even as oil prices extended a drop fr...
DATE: Apr 05, 2007
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New York (Bloomberg) -- Marvell Technology Group Ltd., a chipmaker that plans to restate financial results, added two members to a one-person committee that's investigating its stock- option practices.
John Quinn, a retired Partner of the law firm Ar...
DATE: Apr 05, 2007
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A news report out of Ireland claims that many Bermuda international companies are considering plans to relocate the bulk of their businesses — leaving just satellite offices on the Island — because of concerns over work-permit time limits and the pos...
DATE: Apr 05, 2007
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AUTHOR:
Jonathan Kent
NEW YORK (AP) — Stocks surged on signs of resilience in the housing market and the US consumer, with falling oil prices giving investors an extra reason to rally. The Dow Jones industrials gained more than 120 points.The National Association of Realt...
DATE: Apr 04, 2007
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Latin America and the Caribbean are the latest markets opening up to BF&M Life Insurance Company as it looks beyond the Island’s shores for revenue growth.
It has just made an agreement with International Reinsurance Services (IRM) to underwrite, pro...
DATE: Apr 04, 2007
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AUTHOR:
Scott Neil
Bermuda lags behind many rival business jurisdictions in the quality of its telecommunications links and Government’s proposed reforms of the industry will help to rectify the situation.
That is the view of Cable & Wireless chief executive officer Ed...
DATE: Apr 04, 2007
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Resurgent Bermuda-based Global Crossing Ltd. may be attractive to private equity firms as it wins more customers for the fibre-optic network that forced the company into bankruptcy five years ago, chief executive officer John L...
DATE: Apr 04, 2007
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WASHINGTON (Dow Jones/AP) — The court-appointed administrator of a key Bermuda-based subsidiary of Refco Inc. said he’ll have about $450 million left to distribute to the brokerage’s customers and creditors.Marc Kirschner, the administrator of Refco ...
DATE: Apr 04, 2007
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