76483 results returned for search: "" category "Business"
David Ezekiel, chairman of the Association of Bermuda International Companies, said last week?s power failure caused ?great concern? in the business community, but cautioned the sector to wait for Belco?s full explanation of what triggered the Island...
DATE: Jul 22, 2005
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ACE Limited will restate its financial results from 2000 to 2004, and for the first quarter of 2005 to correct its accounting treatment of eight finite risk transactions, a non-traditional form of insurance that regulators have been probing for its p...
DATE: Jul 22, 2005
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WASHINGTON (Reuters) ? A bill to create a $140 billion asbestos compensation fund is not expected to come up on the Senate floor before the August recess, the legislation?s co-author, Sen. Arlen Specter, said yesterday.
?It does not look at this poin...
DATE: Jul 22, 2005
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The Royal Gazette/Bermuda Stock Exchange Index lost 1.86 points yesterday to close at at 3,320.21.
Investors of Butterfield Bank traded 2375 shares, pushing down the price 25 cents to $41. LOM (Holdings) Limited closed unchanged at $3 after investors...
DATE: Jul 22, 2005
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Auditors, actuaries, consultants and investment banks will be among the growing number of companies named in finite risk lawsuits, according to a leading provider of strategic information services to the commercial insurance industry.
David K. Bradfo...
DATE: Jul 22, 2005
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Bermuda-based Quanta Capital Holdings Ltd. said John S. Brittain, its chief financial officer, has left the company, a decision he made, and not one tied to the company's restatement of first quarter financial results.
Quanta announced the departure ...
DATE: Jul 22, 2005
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The Bermuda Monetary Authority paid $28 million for its new Victoria Street headquarters, its annual report released this week shows.
The acquisition, made last year, follows the BMA outgrowing the Burnaby Street premises that was its headquarters un...
DATE: Jul 21, 2005
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Last week's power outage has put Trimingham's final closing date in limbo with management poised to announce tomorrow whether the store will shut for good as planned on Saturday or extend its sales into next week.
Trimingham's closed its remaining sa...
DATE: Jul 21, 2005
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Bermuda-based insurance giant ACE Ltd. this morning said it will restate its financial results from 2000 to 2004, to correct the accounting treatment for eight finite risk transactions, a non-traditional form of insurance that regulators have been pr...
DATE: Jul 21, 2005
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The Island?s financial services regulator, the Bermuda Monetary Authority, saw net income reach $3.19 million in 2004, according to its annual report released yesterday.
The regulatory body?s results were a 33 percent improvement over the $2.4 millio...
DATE: Jul 21, 2005
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