76472 results returned for search: "" category "Business"
GENEVA (Bloomberg) — Nestle SA agreed to buy a unit of Swiss drugmaker Novartis AG for $2.5 billion to become the second-biggest maker of nutritional supplements for hospitals.The division has annual sales of $950 million and produces meals with adde...
DATE: Dec 15, 2006
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Brit Insurance Holdings Plc yesterday became the latest Lloyd?s of London insurer to announce plans to create a Bermuda-based reinsurer.
Brit has invested $21.1 million in Norton Re and will provide underwriting, claims and management expertise for t...
DATE: Dec 15, 2006
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LOS ANGELES (AP) — Billionaire music mogul David Geffen, long known to be interested in owning the Los Angeles Times, has made a $2 billion cash bid for the paper, two newspapers reported yesterday.Geffen’s bid has not been accepted or rejected by Ti...
DATE: Dec 15, 2006
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Conyers Dill & Pearman has once again been ranked as a tier one law firm in Bermuda, according to a statement from the law firm.
Well known survey the IFLR 1000 has also listed the firm as a Tier 1 firm in the British Virgin Islands.
The list also na...
DATE: Dec 15, 2006
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Brit Insurance Holdings Plc yesterday became the latest Lloyd’s of London insurer to announce plans to create a Bermuda-based reinsurer.
Brit has invested $21.1 million in Norton Re and will provide underwriting, claims and management expertise for t...
DATE: Dec 15, 2006
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MIAMI (Bloomberg) — Royal Caribbean Cruises Ltd., the world’s second-biggest cruise operator, said a two-day departure delay on the largest cruise ship will reduce earnings by three cents a share in the fourth quarter.
Hundreds of Freedom of the Seas...
DATE: Dec 15, 2006
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Max Re Capital Ltd. yesterday announced plans to establish a US-based excess and surplus lines platform that will complement the company’s existing insurance and reinsurance operations based in Bermuda and Dublin, Ireland.
The proposed new subsidiary...
DATE: Dec 15, 2006
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Assured Guaranty Ltd. has announced that its subsidiary, Assured Guaranty US Holdings Inc., has priced its $150 million Series A Enhanced Junior Subordinated Debentures due 2066. The debentures will pay a fixed 6.40 percent rate of interest until Dec...
DATE: Dec 15, 2006
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NEW YORK (Bloomberg) — Lehman Brothers Holdings Inc., led by its strength in bond trading, reported a 22 percent increase in fourth-quarter profit and ended the year with a record $4 billion in earnings.Net income climbed to $1 billion, or $1.72 a sh...
DATE: Dec 15, 2006
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WASHINGTON — New home construction is plummeting. Car sales are weakening. Investors have driven long-term interest rates well below the short-term rates set by the Federal Reserve. All these factors are present today, and all have been precursors of...
DATE: Dec 15, 2006
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