76487 results returned for search: "" category "Business"
NEW YORK (Bloomberg) ? Chubb Corp., the second-largest seller of liability insurance for US directors and executives, received a subpoena from federal prosecutors seeking information on a type of reinsurance that may be used to smooth earnings.
US At...
DATE: May 12, 2005
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Cingular Wireless has launched EZEE! Prepaid service, a new prepaid international roaming service for Bermuda customers.
Through the prepaid roaming service, frequent travellers to the US will be able to make and receive calls to and from the United ...
DATE: May 12, 2005
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US monthly employment numbers are always the focus of attention and invariably provide a surprise for observers. Consensus forecasts are, more often than not, wide of the mark. Last week, the surprise was a pleasant one, as government statisticians e...
DATE: May 12, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 37.71 points yesterday to close at 3,382.09.
Investors of Butterfield Bank traded 80 shares at an unchanged price of $42.15. Argus Insurance Ltd. rose $2.75 to close at $29 after investors traded ...
DATE: May 12, 2005
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WASHINGTON (Dow Jones/AP) ? Tyco International Ltd. has hired outside counsel to perform a company-wide review of its compliance with the Foreign Corrupt Practices Act, a law meant to stop US companies from bribing foreign officials.
The industrial c...
DATE: May 12, 2005
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Five new insurance companies were handed licenses to do business in Bermuda last month compared to only two new licenses being granted during the same period last year.
Three of April's five new incorporations were captive companies, or vehicles set ...
DATE: May 12, 2005
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(Bloomberg) ? Buyout firm Thomas H. Lee Partners LP said it plans to sell its stake in insurer Axis Capital Holdings Ltd. for about $301.7 million a day after it sold some of its holdings in another insurer, Endurance Specialty Holdings Ltd.
Morgan S...
DATE: May 12, 2005
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NEW YORK (Dow Jones/AP) ? Foster Wheeler Ltd. reported a profit in the latest quarter as the company's power unit rebounded, outpacing a decline in revenue at the company's flagship engineering and construction unit.
The Hamilton, Bermuda, engineerin...
DATE: May 12, 2005
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Scottish Re Group Limited has recorded a first-quarter income of $33.4 million? more than triple the $10.1 million for the same period last year.
The company said the increase was principally due to an acquisition and growth in its reinsurance busine...
DATE: May 12, 2005
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Bermuda Commercial Bank Ltd. reported a 48 percent increase in net income for the six months ended March 31, 2005. The company's net income climbed to $2.23 million from $1.51 million up to March 31, 2004.
With interest rates rebounding from a period...
DATE: May 12, 2005
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