49296 results returned for search: "" category ("Other" AND "Business")
Sovereign Risk Insurance Ltd. has appointed Sophie Demeyer as a vice president and senior underwriting officer. She will replace Nila Davda, who is relocating to open Sovereign's office in Dubai.
Ms Demeyer comes to Sovereign from a 13-year career in...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
Investment losses in the first half of 2008 helped to reduce Bermuda Container Line's profit, the shipping company reported yesterday.
And the weakening Bermuda economy, along with high fuel prices, means the company is not expecting to see an improv...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Bermuda-based Tyco Electronics Ltd., a maker of electronic connectors, was accused in a lawsuit by ADC Telecommunications Inc. of infringing five patents for fibre-distribution terminals.
ADC, which makes phone equipment for AT...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Barclays Plc, the UK bank that bought parts of Lehman Brothers Holdings Inc.'s US businesses, may cut as many as 5,000 jobs at the bankrupt company, Wall Street recruiters said.
The estimate, based on the $2.5 billion Barclays ...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
NEW YORK (Reuters) – US stocks fell yesterday on fear that congressional wrangling could delay a proposed $700 billion plan to rescue the financial sector, increasing worries about the struggling US economy.
General Electric was the biggest drag on t...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
NEW YORK (Reuters) – Bond insurer MBIA said yesterday it would have enough resources to fund potential termination payments related to investment contracts if rating agencies downgraded the notes of its subsidiary MBIA Insurance Corp.
The largest US ...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
The parent company of one of Bermuda's 9/11 reinsurance casualties has been successfully liquidated, allowing bank debts of $180 million to be repaid and a further $31 million to be distributed to shareholders.
Although a few assets of the former Tre...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
AUTHOR:
Scott Neil
NEW YORK (Reuters) – Architects of a $700 billion bailout plan urged US lawmakers to act swiftly or face dire economic consequences as global stock markets fell for a second day on growing concern the rescue may be delayed.
Treasury Secretary Henry P...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — A unit of Greenhill & Co., the merger advisory firm founded by chairman Robert Greenhill, agreed to buy Iridium Holdings LLC in a deal that values the satellite-phone service provider at about $591 million.
Greenhill will inves...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
Thirteen jobs are to go in Bermuda as Continental Airlines outsources its operations on the Island because of the financial crisis in the US airline industry, according to a spokesperson for the airline.
The company sent a letter to the Bermuda Indus...
DATE: Sep 24, 2008
|
CATEGORY:
Other
|
