76492 results returned for search: "" category "Business"
Island Press (Holdings) Limited yesterday asked the Bermuda Stock Exchange for a six month extension for the filing of their annual financial statements.
The request stems from the extensive damage the offices of the company?s Cayman subsidiary, Cari...
DATE: Apr 01, 2005
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NEW YORK (Bloomberg) ? Tyco International Ltd.?s former outside auditor testified that it wasn?t his job to determine whether bonuses received by former Chief Executive L. Dennis Kozlowski had been approved by the board.
Rick Scalzo, a partner at Pri...
DATE: Apr 01, 2005
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NEW YORK (Bloomberg) ? American International Group Inc., the world?s biggest insurer, faces higher financing costs and lower earnings after the company lost its top credit ratings because of flawed accounting.
AIG?s senior debt, rated AAA by Standar...
DATE: Apr 01, 2005
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WASHINGTON (Reuters) ? US insurance industry scandals are turning the attention of regulators and Congress to Bermuda ? home to 1,600 insurers, or one for every 40 residents.
Besides beaches and palm trees, tiny Bermuda promotes itself as the ?Insura...
DATE: Apr 01, 2005
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Some of the most innovative ideas which lead to new ways of conducting business can take time to catch on.
Markets, companies and individuals have to adapt to such concepts and feel comfortable that they stand to gain more than they could possibly lo...
DATE: Apr 01, 2005
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NEW YORK ? ., which makes Schlage locks and Thermo King temperature-control equipment, bought the remaining 25 percent interest in Superay International Ltd. to expand in China. Terms weren't disclosed.
Superay's production has tripled and employment...
DATE: Apr 01, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 40.57 points yesterday to close at 3,348.51. BF&M acquired 352,279 of its own shares at a price up $1.53 to close at $14.53.
Belco Holdings saw 89 shares trade hands at an unchanged price of $41.2...
DATE: Apr 01, 2005
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Pub owner Long Botham Boats Co. Ltd. has taken its shares off the Bermuda Stock Exchange, after shareholders approved a decision in December to delist.
At the time, Long Botham ? the parent company of Henry VIII?s Pub and Restaurant and owner of Robi...
DATE: Apr 01, 2005
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Last year's storms continue to take their toll, with leading ratings agency AM Best yesterday saying it was putting Platinum Underwriters financial strength ratings under review and downgrading the company's issuer credit rating.
The Bermuda-based co...
DATE: Apr 01, 2005
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NEW YORK (Reuters) ? PricewaterhouseCoopers? lucrative, 30-year relationship as American International Group Inc.?s auditor is under threat amid the cascading evidence of accounting improprieties at the embattled insurance powerhouse, experts said.
N...
DATE: Apr 01, 2005
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