49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — The "litigation explosion" that forced US financial firms into courtrooms last year to defend money-losing investments and bad loans may have ended with the recovery of equity markets, Aon Corp. said.
US securities class-action...
DATE: Dec 21, 2009
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LOUISVILLE, Kentucky (AP) — Mellany Sorrell's face glistened with sweat as she lifted packages and seemed in constant motion during the holiday rush at the epicenter of UPS' global air shipping network.
The 29-year-old methodically hoisted boxes and ...
DATE: Dec 21, 2009
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Bermuda has concluded negotiations with Portugal over a tax information exchange agreement (TIEA), the Finance Ministry announced last night.
The agreement will provide for a full exchange of information on criminal and civil tax matters between the ...
DATE: Dec 21, 2009
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — British Airways Plc chief executive officer Willie Walsh, who won a court ruling on Thursday to thwart a planned holiday-season strike, may have little time to force through the staff cuts he's seeking to help restore profit.
Lon...
DATE: Dec 21, 2009
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NEW YORK (AP) - The snowstorm that blanketed the East Coast, closing malls and snowing in shoppers, spelled trouble for retailers, but elsewhere in the country stores saw a strong turnout on the last weekend before Christmas.
Eager to win business fr...
DATE: Dec 21, 2009
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Hundreds of British Airways customers in Bermuda are each to receive thousands of bonus air miles after their holiday plans were last week thrown into uncertainty by the prospect of a strike by cabin crew.
The company said yesterday the move was to s...
DATE: Dec 21, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Marsh & McLennan Cos., the second- largest insurance broker, agreed to pay £135 million ($218 million) to HSBC Holdings Plc for a business that places coverage with corporations in the UK, Middle East and Asia.
The cash and sto...
DATE: Dec 21, 2009
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NEW YORK (Bloomberg) — The dollar touched a three-month high against the currencies of major US trading partners as the Federal Reserve said the economy improved while reiterating it will keep borrowing costs low for an "extended period."
The euro dr...
DATE: Dec 21, 2009
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New European Union rules for insurers — due to take effect in 2012 — could drive some British insurers into Bermuda's arms.
One UK insurance giant, Legal & General, is already considering a move out of the UK because of the Solvency II directive, acc...
DATE: Dec 21, 2009
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AUTHOR:
Jonathan Kent
Four new insurance companies set up in Bermuda last month as 2009 draws to a close.
Leading the way was Orca Life Ltd., a long-term insurer, which was formed by Harbour Management Ltd. on November 11, followed by WLR Re Bermuda Ltd., a Class 3 reinsu...
DATE: Dec 21, 2009
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