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NEW YORK (Reuters) - While a jury studied the evidence in Raj Rajaratnam’s trial yesterday, a former trader associated with his Galleon Group hedge fund became the latest to plead guilty in a sweeping government probe of insider trading on Wall Stree...

Nabors Industries Ltd’s profits rose more than doubled during the first quarter of 2011 - but the company expects to do even better in the next quarter according to its chairman and CEO. The Bermuda-based drilling firm reported net income of $82.2 m...

Making the most of your investment choices was the focus for Business Bermuda Local Awareness Committee’s last monthly luncheon seminar of the season. The sixth seminar of the series entitled ‘Investing 101: Making the Most of Your Investment Choices...

NEW YORK (Reuters) - The fate of hedge fund founder Raj Rajaratnam was in the hands of a jury yesterday in the biggest Wall Street insider trading trial in decades, a case that featured FBI phone taps and former friends who testified against him. Jur...

NEW YORK (Reuters) - Raj Rajaratnam’s week-long defence at his insider trading trial amounted to a blizzard of numbers, graphs and documents. Some litigation experts said the “data dump” strategy was an effort to convince the jury that Rajaratnam, wh...

MANHATTAN (Bloomberg) - Raj Rajaratnam, the Galleon Group LLC co-founder at the centre of largest crackdown on hedge-fund insider trading in US history, rested his case without taking the witness stand. Defence lawyers told US District Judge Richard ...

WASHINGTON (Bloomberg) US companies face the sixth-highest effective tax rate in the world, according to a study by PricewaterhouseCoopers LLP. The tax rate for the largest US companies between 2006 and 2009 was 27.7 percent, compared with a non-US a...

NEW YORK (Bloomberg) US Uncut, a group protesting corporate tax issues and government service cutbacks, claimed responsibility for a fake press release that said General Electric Co would return a “$3.2 billion tax refund”. The release, which was pic...

GENEVA (AP) Privately held commodities trader Glencore International plans to float part of its stock for up to $11 billion next month, making it one of the largest public share offerings in recent years. Dubbed “the biggest company you’ve never hear...

Bermuda-based Seadrill has entered into an agreement to sell the newly-built jack-up drilling rig West Juno to an undisclosed buyer incorporated in UK for $248.5 million. Seadrill expects to record a gain on the sale of approximately $18 million on ...