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NEW YORK (Bloomberg) — Henry Kravis, whose 1989 take-over of RJR Nabisco Inc. rewrote the rules of leveraged buyouts, set a record yesterday with his firm’s $45 billion agreement to buy Dallas-based power producer TXU Corp.Kohlberg Kravis Roberts & C...

The Royal Gazette Bermuda Stock Exchange (BSX) fell back below the 5,000 mark yesterday, as Butterfield Bank shares dipped. The Bank was the only issue to change value by the end of the day, as it lost 25 cents (0.4 percent) to close on $57.50, as 4,...

Entertainer Tony Brannon has put his home studio up for sale — lock, stock and barrel. For $125,000 the singer and musician is prepared to part with the state-of-the-art Blue Clouds recording studio that was created only two years ago. One thing he d...

The Royal Gazette Bermuda Stock Exchange (BSX) fell back below the 5,000 mark yesterday, as Butterfield Bank shares dipped. The Bank was the only issue to change value by the end of the day, as it lost 25 cents (0.4 percent) to close on $57.50, as 4,...

Bermuda investment company LOM Asset Management Ltd. yesterday predicted economic growth will slow in the US this year, while China’s economy will continue to expand at a rapid rate. The company’s Investment Policy Committee yesterday suggested that ...

Bermuda investment company LOM Asset Management Ltd. yesterday predicted economic growth will slow in the US this year, while China?s economy will continue to expand at a rapid rate. The company?s Investment Policy Committee yesterday suggested that ...

Bermuda is a “sophisticated, well-run financial centre” and is good for the global financial system, according to world-renowned financial publication The Economist. The Island features in a positive way in a lengthy special report on offshore financ...

Bermuda-based insurer and reinsurer XL Capital Ltd. announced yesterday it would buy back as much as $1 billion of the company’s shares. Purchases will be made from time to time, either in the open market or privately negotiated transactions, XL said...

TORONTO (Bloomberg) — Canadian stocks climbed to a record for a second day on speculation there will be more take-overs, after TXU Corp. accepted the biggest-ever leveraged buyout and Fortis Inc. agreed to buy a unit of Kinder Morgan Inc.St. Lawrence...