76472 results returned for search: "" category "Business"
NEW YORK (Reuters) ? Billionaire turnaround specialist Wilbur Ross said on Wednesday he is about to make a $100 million investment in the reinsurance industry, his latest vote of confidence in the sector.
Ross has already put more than $125 million i...
DATE: Nov 17, 2006
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Arlington Tankers Ltd., a Bermuda-based transportation company, filed with regulators on Thursday to periodically sell up to $150 million in common and preference shares, debt securities, and warrants.
The company said in a registration statement wit...
DATE: Nov 17, 2006
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A spicy jam made by a Bermuda company has won a coveted international food award.
The 2007 Scovie Awards, designed to recognise top fiery food products from around the globe, handed the Bermuda Jam Factory second place in the jams and jellies categor...
DATE: Nov 17, 2006
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SINGAPORE (Bloomberg) — There’s bound to be some disgruntlement with Singapore Prime Minister Lee Hsien Loong’s announcement this week that in next year’s budget he will raise the goods-and-services tax to seven percent from five percent.The source o...
DATE: Nov 17, 2006
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NEW YORK (AP) — A New York-based company on Wednesday launched a prepaid card that teenagers can use for both in store and online purchases.The UPside card, which will carry a Visa logo, was developed by Plastyc Inc., a privately held firm.
The compa...
DATE: Nov 17, 2006
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Nine of Oil Insurance Ltd.?s shareholder members are withdrawing from the energy industry mutual effective January 1, 2007, the company announced.
OIL, a mutual insurer that covers the energy industry, said in a statement that nine shareholder member...
DATE: Nov 17, 2006
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Butterfield Bank yesterday launched Butterfield Line which will enable customers to access lines of credit up to $500,000.
The Bank said the new home equity product would enable customers to access their lines of credit through a Butterfield Line Mas...
DATE: Nov 17, 2006
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NEW YORK (Bloomberg) — Billionaires seeking their next trophy are looking beyond sports teams to city newspapers.Supermarket magnate Ron Burkle, investor Eli Broad and former American International Group Inc. chairman Maurice R. Greenberg of New York...
DATE: Nov 17, 2006
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Hiscox Plc's shareholders have approved the company's proposed relocation to Bermuda, plans for which were made public in September.
Following word of the proposed move, Hiscox Plc posted a circular to shareholders setting out details of the corporat...
DATE: Nov 17, 2006
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ZURICH (Bloomberg) ? Zurich Financial Services AG, Switzerland?s largest insurer, raised its profit forecast after third-quarter earnings almost tripled to a record amid a dearth of storm claims since Hurricane Katrina.
Net income climbed to $1.3 bil...
DATE: Nov 17, 2006
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