49296 results returned for search: "" category ("Other" AND "Business")
A convicted fraudster who once managed pension funds for the Bermuda Government has settled US federal fraud charges filed by the Securities and Exchange Commission.
Mark Lay, 45, a Pittsburgh investment adviser, is serving a 12-year prison sentence ...
DATE: Sep 17, 2008
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NEW YORK (Reuters) - Major investors said yesterday that turmoil in credit markets and the stunning collapse of big investment banks marks the beginning of a boom in turning around distressed companies or buying their debt.
The collapse of Lehman Bro...
DATE: Sep 17, 2008
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Tata Group's Indian Hotels Co. will increase its voting power in Bermuda-based hotel group Orient Express Hotels (OEH) if shareholders vote to annul the powers of its class B shares.
That is according to online publication Business Standard, which cl...
DATE: Sep 17, 2008
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NEW YORK (Bloomberg) — The Federal Reserve left its main interest rate at 2 percent, rebuffing calls by some investors for an immediate cut after Lehman Brothers Holdings Inc.'s bankruptcy shook markets worldwide.
The Fed did signal it will consider ...
DATE: Sep 17, 2008
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NEW YORK (AP) — Wall Street ended another tumultuous session with a sizeable gain yesterday, partly recovering from its worst sell-off in years after the Federal Reserve said it was keeping interest rates steady. Speculation that troubled insurer Ame...
DATE: Sep 17, 2008
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Ship Finance International Ltd has entered into an agreement to acquire two new building ultra-deepwater semi-submersible drilling rigs from subsidiaries of Bermuda-based Seadrill Ltd. in combination with 15-year bareboat charters.
With a total acqui...
DATE: Sep 17, 2008
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NEW YORK (Bloomberg) — The US government took control of American International Group Inc. in an $85 billion bailout to prevent the bankruptcy of the nation's biggest insurer and the worst financial collapse in history.
The Federal Reserve will provi...
DATE: Sep 17, 2008
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PartnerRe Ltd. has predicted claims paid out from the damage caused by Hurricane Gustav totalling up to $45 million.
The company's preliminary estimate of claims relating to its exposure to Gustav is currently expected to be between $25 million and $...
DATE: Sep 17, 2008
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Flagstone Reinsurance Holdings Ltd. expects to ride out these tough times despite the impact of Hurricanes Gustav and Ike and the fallout from the US financial markets.
Flagstone announced combined preliminary estimates of claims for exposure to Gust...
DATE: Sep 17, 2008
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No two days are alike for Nicole Warren, the enthusiastic general manager of Brown & Co.
Her working day starts early — when she turns her phone on at around 6 a.m. to catch up on developments, find out what complement of staff she will have and revi...
DATE: Sep 16, 2008
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