76652 results returned for search: "" category "Business"
local hotel operation and has threatened to pull out of Bermuda.
The company has said it will terminate its lease with Bermuda Properties Ltd.
for the Marriott's Castle Harbour Resort unless its rent was reduced and other arrangements were made to im...
DATE: Sep 19, 1997
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
diversification, there were record earnings for Bermuda-based insurer, EXEL Ltd., with net income rising to unprecedented heights in both the third quarter to August 31 and cumulatively for the first nine months of the financial year.
Profit mushroom...
DATE: Sep 19, 1997
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CATEGORY:
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AUTHOR:
David Fox, Business Editor
takeover of UK-listed tanker operator London & Overseas.
Frontline would like to close the deal soon and it would enhance the group's market share while is moves forward with a separate $403 million deal for Swedish shipping company ICB.
By acquiring...
DATE: Sep 19, 1997
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Group, Inc., from Talegen Holdings, Inc., an indirect wholly-owned subsidiary of the Xerox Corporation.
ACE will use its newly-created US holding company to buy Westchester, which through its insurance subsidiaries, provides specialty commercial prop...
DATE: Sep 19, 1997
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The Bank of Bermuda -- the Island's largest indigenous financial institution -- has reiterated its need for significant corporate capital, unavailable in Bermuda, to continue its growth.
Chairman Eldon Trimingham underscored the bank's position durin...
DATE: Sep 19, 1997
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CATEGORY:
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takeover of UK-listed tanker operator London & Overseas. Frontline would like to close the deal soon and it would enhance the group's market share while is moves forward with a separate $403 million deal for Swedish shipping company ICB. ---- Page 36...
DATE: Sep 19, 1997
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Island, expanding its traditional economic base from tourism, insurance and investment.
Premier Gordon made the comment during an interview with Bloomberg News in New York. She was accompanied by James Moore of Edelman Public Relations Worldwide, the...
DATE: Sep 18, 1997
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remaining stake in Tyco International Ltd., for $572 million, after Tyco beat out Western Resources in a takeover contest for Bermuda-based ADT Ltd.
Merrill Lynch & Co. arranged the sale of the seven million Tyco shares, Western Resources said. The g...
DATE: Sep 18, 1997
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year, the bank's annual report has revealed.
The bank was forced to absorb significant losses as a result of investment portfolio restructuring, the report said, that resulted in "one-time costs that reduced Bermuda-based interest earnings materially...
DATE: Sep 18, 1997
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
seeking damages for smoking-related illnesses from the tobacco industry.
Louisiana law allows plaintiffs, in this case the state, to sue companies which have written insurance policies for the primary defendants, the tobacco companies.
However ACE's ...
DATE: Sep 18, 1997
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
