3082 results returned for search: "" category "International Business"
SAN FRANCISCO (Bloomberg) Google’s use of Bermuda to help slash its US tax bill by around $3 billion features in questions addressed to the technology giant by the US Securities and Exchange Commission in December.
SEC officials asked Google for “di...
DATE: Mar 23, 2011
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CATEGORY:
International Business
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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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