76472 results returned for search: "" category "Business"
WASHINGTON (Bloomberg) — The Federal Reserve kept the benchmark US interest rate at 5.25 percent and said inflation remains a risk while noting a “substantial cooling” in the housing market.“Some inflation risks remain,” the Federal Open Market Commi...
DATE: Dec 13, 2006
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A Bermuda Stock Exchange-listed company has become embroiled in a lawsuit in Florida concerning the fate of a Bahamas film studio where the second and third Pirates of the Caribbean movies series was shot.
Ashby Corporation Ltd., which has been liste...
DATE: Dec 13, 2006
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LONDON (Reuters) — Britain’s government yesterday detailed its proposals to avert a pension timebomb by setting up a national saving system that will cover up to 10 million citizens.A key reform element of the most radical shakeup to British pensions...
DATE: Dec 13, 2006
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PARIS (Bloomberg) Remy Cointreau SA, Europe’s fifth- largest liquor producer, said first-half profit increased 77 percent as it sold more cognac and champagne.
The shares rose to the highest in more than 16 years after Dominique Heriard-Dubreuil, Re...
DATE: Dec 13, 2006
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Arch Capital Group Ltd. and its operating subsidiaries yesterday received a ratings upgrade from a second ratings agency as Bermuda reinsurers continue to reap the benefits of the benign 2006 hurricane season.
A.M. Best Co. has upgraded the financial...
DATE: Dec 13, 2006
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Hiscox's move of domicile to Bermuda from London has been completed, Business Insurance reported yesterday.
Hiscox has formally delisted the shares of Hiscox Plc on the London Stock Exchange, and shares of Hiscox Ltd. are now being traded.
The High C...
DATE: Dec 13, 2006
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Omega Insurance Holdings Ltd. has appointed Penelope James as group finance director. Mrs. James will take up her new role in May, 2007 and will be appointed to the Board of Bermuda-based Omega at that time.
Mrs James has been with Zurich Financial S...
DATE: Dec 13, 2006
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NEW YORK (Bloomberg) — PlusFunds Group Inc., a bankrupt New York money manager, agreed yesterday to cap its claims against units of defunct futures broker Refco Inc. at $7 million, a reduction of $525 million.PlusFunds also will withdraw its objectio...
DATE: Dec 13, 2006
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WASHINGTON (Dow Jones/AP) — Federal regulators sued a Dallas-based hedge-fund manager yesterday, alleging he pulled in more than $6.5 million of gains through illegal trading involving "naked" short sales of dozens of companies.Edwin Buchanan Lyon IV...
DATE: Dec 13, 2006
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NEW YORK (Bloomberg) — Delta Air Lines Inc. will tell its bankruptcy creditors today why they should reject a hostile $8.72 billion merger bid from US Airways Group Inc., three people familiar with the meeting said.Delta executives also will share de...
DATE: Dec 13, 2006
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