3109 results returned for search: "" category ("International Business" AND "Business")
NEW YORK (Bloomberg) Bermuda-based telecommunications firm Global Crossing Ltd agreed to be sold to Level 3 Communications Inc for nearly $2 billion.
Level 3, an unprofitable provider of broadband services, jumped the most in almost two years after a...
DATE: Apr 12, 2011
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CATEGORY:
International Business
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Bermuda-based Seadrill has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung yard in South Korea for an estimated $600 million.
The total project cost includes project management, drilling and handling tools, sp...
DATE: Apr 12, 2011
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CATEGORY:
International Business
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The local economy, the cost of hiring and retaining talent, the burden of global over-regulation, work permits and the recent volatility of catastrophe events are some of the main concerns for CEOs in Bermuda’s insurance industry.
Also top of the age...
DATE: Apr 11, 2011
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CATEGORY:
International Business
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Premier Paula Cox believes that the idea that Bermuda is a tax haven with shady dealings and shell companies still exists and she intends to tackle it head on.
After beating the drum for Island business in London yesterday when she addressed almost 3...
DATE: Apr 08, 2011
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CATEGORY:
International Business
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Bermuda-based Seadrill has announced that North Atlantic Drilling Ltd has acquired its harsh-environment drilling activities for $4.1 billion.
The acquisition, which was successfully completed last month, follows North Atlantic Drilling’s private pla...
DATE: Apr 07, 2011
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CATEGORY:
International Business
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OSLO (Bloomberg) - Frontline Ltd. agreed with Ship Finance International Ltd to terminate the long-term charter party between the companies for OBO carrier Front Leader.
Frontline will make a compensation payment to Ship Finance of about $7.7 million...
DATE: Apr 07, 2011
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CATEGORY:
International Business
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Bermuda-based Teekay Corporation has announced that Peter Evensen has succeeded Bjorn Moller as president and CEO and has joined the company’s board of directors
Meanwhile Bruce Chan has succeeded Mr Moller as Teekay Tankers’ CEO.
Mr Moller has als...
DATE: Apr 05, 2011
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CATEGORY:
International Business
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Global re/insurance rates should be increased in a “measured” way over the next six months to avoid any kneejerk reaction in the market.
That is according to Catlin Group CEO Stephen Catlin who said that rises in “the order of 10 to 25 percent, depen...
DATE: Apr 05, 2011
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CATEGORY:
International Business
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Being prepared to start at the bottom and work very hard is the formula that has led Bermudians Michelle Seymour-Smith and Sally Pimentel to a high level of responsibility at Arch Reinsurance Ltd.
The company announced last Friday that the two friend...
DATE: Apr 05, 2011
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CATEGORY:
International Business
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KPMG Bermuda yesterday stood by audit work it carried out for Island re/insurer Alterra Capital Holdings Ltd in 2008 after Bloomberg News revealed regulatory inspectors reported that the accountancy firm had failed to do enough to check the accuracy ...
DATE: Apr 01, 2011
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CATEGORY:
International Business
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