76472 results returned for search: "" category "Business"
Sealift, a company created by Frontline to operate oil-rig transporters, raised $180 million in a share sale in which its parent bought a 33 percent stake. Frontline $167 million profit selling six single-hulled oil tankers to the Sealift unit for co...
DATE: Jan 23, 2007
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The Royal Gazette / Bermuda Stock Exchange (BSX) Index dropped slightly yesterday, pulled down by falling Bermuda Commercial Bank Ltd. (BCB) stock.
BCB was the only issue to change value, losing 25 cents (2.6 percent) to close on $9.50 as 13,200 shar...
DATE: Jan 23, 2007
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Bermuda-based White Mountains Insurance Group Ltd. renamed Ray Barrette as chief executive officer, replacing Steve Fass, the man who succeeded him in 2005. Mr. Barrette will also assume the role of chairman from Jack Byrne, who is leaving that post ...
DATE: Jan 23, 2007
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TORONTO (Bloomberg) — Canadian raw-materials and industrial companies such as Alcan Inc. and Bombardier Inc. declined on concern that slowing economic expansion may curb profit growth.Energy producers including Petro-Canada climbed as colder weather ...
DATE: Jan 23, 2007
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Shares of some Bermuda reinsurance companies slipped yesterday as a catastrophe modelling company predicted insured losses could be as high as $10 billion from the storm which caused widespread damage in Europe last week.
RenaissanceRe Holdings Ltd. ...
DATE: Jan 23, 2007
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AUTHOR:
Jonathan Kent
TALLAHASSEE, Florida (Reuters) — Florida lawmakers were set to approve reforms yesterday to reduce skyrocketing state property insurance rates by doubling Florida’s financial exposure to catastrophic hurricane losses.Following severe rate hikes after...
DATE: Jan 23, 2007
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NEW YORK (Bloomberg) — Bermuda-based Frontline Ltd., the world’s second- biggest tanker operator, had the rating on its shares upgraded to “buy” from “hold” by New York-based investment bank Dahlman Rose & Co. after selling shares in its Sealift Ltd....
DATE: Jan 23, 2007
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NEW YORK (Bloomberg) — Gap Inc. chief executive officer Paul Pressler resigned from the largest US clothing chain after sales declined for almost three years.Chairman Robert Fisher was named interim CEO and president while the company searches for a ...
DATE: Jan 23, 2007
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China (Bloomberg) Cie. Financiere Richemont AG, the world’s second-largest luxury-goods maker, may say today fiscal third-quarter sales rose as bankers spent record bonuses and demand increased in China.Revenue climbed 11 percent in the three months...
DATE: Jan 23, 2007
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TALLAHASSEE, Florida (AP) ? The Florida Legislature yesterday overwhelmingly passed a bill members hope will lower the state?s skyrocketing property insurance rates and sent the measure to Gov. Charlie Crist, who said he would likely sign the bill th...
DATE: Jan 23, 2007
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