3111 results returned for search: "" category ("International Business" AND "Business")
VIENNA (Bloomberg) - HSBC Holdings plc, Europe’s biggest lender, was warned twice by auditors that entrusting as much as $8 billion in client funds to Bernard Madoff opened it up to “fraud and operational risks”.
KPMG LLP told the London-based bank a...
DATE: Mar 21, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Ruth Madoff’s account at Bank of New York Mellon Corp. received “fraudulent” transfers of at least $14 million, said the trustee liquidating her husband Bernard Madoff’s firm, who wants to “recapture” $44.8 million.
Irving Picard...
DATE: Mar 17, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - Billionaire Warren Buffett’s Berkshire Hathaway Inc struck a deal to buy lubricant maker Lubrizol Corp for $9 billion in a bet on industrial growth in emerging economies.
The deal is Berkshire’s biggest since it bought Burlington...
DATE: Mar 15, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - A disgraced former McKinsey & Co partner testified that hedge fund manager Raj Rajaratnam paid him a $1 million “bonus” for tipping him about an acquisition by chip-maker Advanced Micro Devices Inc, a client of the consulting fir...
DATE: Mar 15, 2011
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CATEGORY:
International Business
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The Bermuda Stock Exchange (BSX) announced the voluntary de-listing of the Karlholt Pty Ltd., in accordance with a shareholder vote filed in December last year.
The de-listing was granted under the BSX listing regulations and was effective from Frida...
DATE: Mar 14, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - A man who admitted taking money from Galleon hedge fund founder Raj Rajaratnam in exchange for inside information said the funds were funnelled back to a Galleon account in Bermuda.
Former McKinsey & Co partner Anil Kumar admitte...
DATE: Mar 14, 2011
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CATEGORY:
International Business
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HSBC’s insurance management operations have been acquired by Kane Group, a provider of specialist risk and insurance management services, for $27.5 million in cash, creating the world’s largest independent insurance manager.
HSBC Bank Bermuda Ltd., H...
DATE: Mar 14, 2011
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CATEGORY:
International Business
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Bermuda-based Derwent Holdings yesterday lost its court battle to prevent Lancashire Cricket Club from developing its Old Trafford ground.
Derwent owns a nearby White City Retail Park and was trying to block Lancashire’s joint planning application wi...
DATE: Mar 11, 2011
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CATEGORY:
International Business
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Hardy Underwriting (Bermuda) Ltd.’s 2010 profits halved to £10 million as claims from catastrophes took their toll.
The company, which redomiciled to Bermuda from the UK in 2008 and which has a reinsurance underwriting unit on the Island, wrote more ...
DATE: Mar 07, 2011
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CATEGORY:
International Business
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LONDON (Bloomberg) - HSBC Holdings plc., Europe’s biggest bank, prefers to keep its headquarters in London and said reports of an “imminent change” are speculative, Chairman Douglas Flint and CEO Stuart Gulliver said.
The Sunday Telegraph reported ye...
DATE: Mar 07, 2011
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CATEGORY:
International Business
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