76519 results returned for search: "" category "Business"
For the second year running, members of the Bermuda insurance fraternity have a price on their head.
Instead of celebrating St. Patrick's day in the normal way, their friends and family are paying them to shave their heads.
They are joining in a rece...
DATE: Mar 14, 2003
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LOM (Holdings) Limited yesterday reported a slight dip in earnings as the group grappled with global bear markets.
In 2002 group net profits were $200,426 versus $206,459 in 2001.
The group also posted a 44 percent fall in net interest revenues. LOM'...
DATE: Mar 14, 2003
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Bermuda's computer security experts, QuoVadis, have launched a new service to help Bermuda's law firms, banks and other service providers conduct their "know your client" due diligence.
With their partner iLumin, they are now offering advanced name s...
DATE: Mar 14, 2003
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LOM (Holdings) Limited (LOM) has notified the Bermuda Stock Exchange (BSX) of its intention to begin a repurchase programme for its common shares.
In the notice LOM indicated that its directors had approved the programme and had put aside BD$500,000 ...
DATE: Mar 14, 2003
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Check your February credit card statements carefully. A Bank of Bermuda representative has confirmed that credit cards accounts issued by the Island's main banks have been affected by last month's computer hacker scandal.
The hacker broke into a comp...
DATE: Mar 13, 2003
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Bermuda-based Accenture Ltd., the world's largest consulting company, is cutting onepercent of its work force, or about 760 people, against a backdrop of weak technology spending, a spokeswoman said yesterday.
Reuters reported that the reductions are...
DATE: Mar 13, 2003
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Asia Global Crossing Ltd. (AX) reached a settlement with Global Crossing Ltd. that resolves all claims between the two firms. The deal was necessary for Asia Global Crossing to close the recent sale of its assets, according to court papers recently o...
DATE: Mar 13, 2003
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The Royal Gazette/Bermuda Stock Exchange Index yesterday closed unchanged at 2,274,67.
The Bank of Butterfield saw the only activity, with 10,000 shares traded, ending $33.50.
DATE: Mar 13, 2003
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Bermuda-based Tyco International Ltd. yesterday slashed its 2003 profit forecast and fired the veteran president of its fire and security unit after uncovering accounting problems at the division in Europe.
The conglomerate, whose shares fell 71 perc...
DATE: Mar 13, 2003
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The international reinsurance brokerage who recently decided against a listing in New York because of the Sarbanes-Oxley disclosure requirements has opened its new Bermuda office in Wessex House.
Benfield has offices in 34 locations and has 1,500 sta...
DATE: Mar 13, 2003
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