76472 results returned for search: "" category "Business"
NEW YORK (Bloomberg) ? Refco Inc., the futures trader that went bankrupt after its top executive was accused of fraud, can hold a creditors' vote on a plan to exit bankruptcy this year.
US Bankruptcy Judge Robert Drain in New York authorised the vote...
DATE: Oct 17, 2006
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NEW YORK (AP) ? Few Americans have invested in earthquake insurance despite the massive damage that quakes can cause, according to a report released on Friday.
A.M. Best, an insurance rating agency based in Oldwick, New Jersey, looked at the earthqua...
DATE: Oct 17, 2006
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As moves by the Dutch authorities to extradite former Bermuda Commercial Bank (BCB) chairman John Deuss continue, the Bank announced yesterday that it was in talks with a number of potential purchasers.
The Bermuda Stock Exchange yesterday suspended ...
DATE: Oct 17, 2006
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Companies that pursue diversification will be able to build long term success in the reinsurance industry, Hiscox chief executive Bronek Masojada told an international reinsurance conference last week.
The deputy chairman of Lloyd's of London and imm...
DATE: Oct 17, 2006
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Butterfield Bank was the only share to trade on the Bermuda Stock Exchange yesterday ? not it saw more than $1.4 million worth of shares trade.
The Royal Gazette/BSX Index fell 13.35 points to close at 4,869.86 as Butterfield fell 25 cents to $56.25 ...
DATE: Oct 17, 2006
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STOCKHOLM, Sweden (AP) ? A former top executive at Swedish insurer Skandia last week was sentenced to two years in prison for fraud, but was acquitted of bribery charges, court officials said.
Ola Ramstedt, a former deputy chief executive at the Swed...
DATE: Oct 16, 2006
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(Bloomberg) ? American International Group Inc., the world?s largest insurer, sold $1.75 billion of notes in its biggest US bond issuance in at least ten years, according to data compiled by Bloomberg.
AIG sold $400 million of five-year floating-rate...
DATE: Oct 16, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 10.077 points last week to close at 4,883,21.
During a moderate week of trading, BF&M led the advances as it gained $1.25 to close at $17.50 as investors traded in 12,373 shares.
Butterfield Bank ro...
DATE: Oct 16, 2006
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(Bloomberg) ? Ingersoll-Rand Co., the maker of Bobcat machinery and Thermo-King refrigerated trucks, said it will record $27 million of costs in the third quarter to add to its reserves for a tax audit. The charge equals 8 cents a share, Hamilton, B...
DATE: Oct 16, 2006
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MOSCOW (Reuters) ? A case against a US citizen accused of committing a ?large-scale fraud? against a Bermuda-based mutual fund has taken a major step forward.
Russian prosecutors confirmed on Friday that they had issued an international arrest warran...
DATE: Oct 16, 2006
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