76481 results returned for search: "" category "Business"
LOS ANGELES (Bloomberg) ? Marvell Technology Group Ltd., a maker of semiconductors for computer disk drives and network switches, agreed to buy a unit of QLogic Corp. for $225 million in cash and stock to broaden its product line.
Marvell, based in B...
DATE: Aug 31, 2005
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Kentucky Fried Chicken Bermuda Ltd. reported a 66 percent jump in half year net income of $267,962 compared with $160,989 in the six months ended July 31, 2004.
The fast food restaurant however estimated that it suffered $85,000 in losses when the Be...
DATE: Aug 31, 2005
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The Bermuda Insurance Index slumped 15.06 points or 1.33 percent to 1,118.59 as the insurance sector was heavily sold after Hurricane Katrina hit New Orleans.
Virtually all Bermuda-based insurers with property-casualty exposures saw their prices fall...
DATE: Aug 31, 2005
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Hurricane Katrina looks likely to be the worst hurricane to hit the US since Hurricane Andrew in 1992 and will almost certainly take a heavy toll on Bermuda reinsurers' bottom lines.
But the storm, which smashed into the Gulf Coast region on Monday a...
DATE: Aug 31, 2005
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White Mountains Insurance Group, a Bermuda company that sells insurance and reinsurance globally, on Friday said its largest US unit has been subpoenaed by Massachusetts Attorney General Tom Reilly.
In a regulatory filing, White Mountains said OneBea...
DATE: Aug 31, 2005
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An early analysis of Hurricane Katrina's impact on the insurance industry shows that catastrophe bonds may emerge unscathed from the storm, which is expected to leave the industry on a whole with a mult-billion dollar bill, according to ratings agenc...
DATE: Aug 31, 2005
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New Jersey-based Chubb Re is moving its local arm, Chubb Re Bermuda, to New Jersey.
A company spokesman said that the relocation would only affect the few employees working for the local reinsurer.
The larger Bermuda-based Chubb Atlantic Indemnity Lt...
DATE: Aug 31, 2005
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Here is the Gardner Group's advice to corporate users on the new instant messaging (IM) system launched by Google: Prohibit the use of Google Talk to avoid having to manage yet another public IM network.
Which would be a kiss of death for most compan...
DATE: Aug 31, 2005
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AUTHOR:
Ahmed Elamin
ATLANTA (AP) ? The one-two punch of Hurricane Katrina and oil prices briefly topping $70-a-barrel is giving the beleaguered major airlines just what they don?t need as they approach a traditionally slow travel season and a few of them flirt with bank...
DATE: Aug 30, 2005
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The Royal Gazette/Bermuda Stock Exchange Index fell 0.13 percent, or 4.67 points, after moderate trading that saw only the shares of two BSX listed move.
Butterfield Bank shareholders traded 14,182 shares. While the value of the bank?s shares was unc...
DATE: Aug 30, 2005
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