76472 results returned for search: "" category "Business"
Beleaguered Bermuda insurer Quanta Capital Holdings has filed with regulators to raise up to $113 million through the sale of both common and preferred shares.
Quanta, in a filing yesterday with the US Securities and Exchange Commission, said it plan...
DATE: Dec 06, 2005
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OSLO (Bloomberg) ? General Maritime Corp., the second- biggest US oil-tanker company, rejected a $1.5 billion takeover bid from Frontline Ltd., saying it was too low, and adopted a plan to deter further offers for the company.
Frontline offered $39 p...
DATE: Dec 06, 2005
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The Royal Gazette/Bermuda Stock Exchange Index reached another all-time high yesterday, gaining 7.31 points yesterday to close at 3,946.12.
In light trading, Index bellwether Buttefield Bank rise 20 cents to close at $46.50 on volume of 1,168 shares ...
DATE: Dec 06, 2005
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LONDON (Bloomberg) ? Bermuda-based Alea Group Holdings Ltd. will end underwriting in London and may cut jobs after selling the rights to renew business with some customers to Canopius Holdings Ltd.
Alea is in discussions with 125 London employees ove...
DATE: Dec 06, 2005
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SINGAPORE (Bloomberg) ? Hongkong Land Holdings Ltd., one of the city?s biggest downtown landlords, will buy MCL Land Ltd. in a transaction that values the Singapore developer at S$647.5 million ($383 million).
Hongkong Land will pay S$1.75 ($1.04) a ...
DATE: Dec 06, 2005
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Shell is in exploratory talks with potential partners or buyers of the oil giant?s marketing and distribution operations in Bermuda.
Parent company Royal Dutch Shell has been restructuring its Caribbean and Latin American operations for the past year...
DATE: Dec 06, 2005
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Bermuda?s loss is Cayman?s gain with that British Overseas Territory boasting on Friday that the 10,000th fund to register with the Cayman Islands Monetary Authority was previously registered here.
The Rutland Fund is among 25 funds ? representing a ...
DATE: Dec 06, 2005
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People should turn their sentimental feelings and sadness about the loss of Trimingham's into a positive by buying Bermuda, according to TESS Group fashion director Julia Currelly.
The TESS Group includes The English Sports Shop, Lusso, Cecile and Bo...
DATE: Dec 06, 2005
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LONDON (Bloomberg) ? Langbar International Ltd., a Bermuda- based investment company that said last week it probably was a victim of a scam, will be investigated by the Serious Fraud Office after police gathered information on the case.
The City of L...
DATE: Dec 05, 2005
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MOSCOW (Bloomberg) ? Nelson Resources Ltd., which pumps oil in Kazakhstan, said its owners approved a $2 billion takeover bid from OAO Lukoil that would be the largest-ever foreign acquisition by a Russian company.
?The amalgamation was approved by 9...
DATE: Dec 05, 2005
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