49296 results returned for search: "" category ("Other" AND "Business")
NEW JERSEY (Bloomberg) — Tyco International Ltd., the company that spun off its electronics and health-care divisions last year, agreed to settle a 2002 lawsuit with the state of New Jersey for $73.3 million that alleged fraud committed under previou...
DATE: May 01, 2008
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Aspen Insurance reported a 33 percent drop in first quarter net income compared to 2007.
The company released its first quarter figures yesterday, which showed net income after tax was $81.2 million, or $0.85 per share, compared to $121.9 million, or...
DATE: May 01, 2008
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NEW YORK (AP) — Wall Street gave up sharp gains and closed lower yesterday after the Federal Reserve cut interest rates by a quarter point but left investors guessing about the central bank's next move. The Dow Jones industrial average, momentarily s...
DATE: May 01, 2008
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The latest chapter in a dizzying saga of alleged international money laundering came to a head yesterday in a British Virgin Islands High Court, where lawyers for the Bermuda-based IPOC International Growth Fund and three BVI-domiciled entities plead...
DATE: May 01, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index trimmed gains but still ended more than 100 points higher yesterday, helped by optimism over corporate results and better than expected economic data south of the border.
Resource shares bou...
DATE: May 01, 2008
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Bermuda was the toast of San Diego as its risk managers gathered on the terrace of the Omni Hotel in the city centre on Tuesday night.
Professionals from the Island's re/insurance, banking, financial services, legal, accountancy and regulatory sector...
DATE: May 01, 2008
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Selling Bermuda as a good place to do business with an attractive and solid regulatory framework has been the task of the Bermuda Monetary Authority (BMA) at this year's Risk and Insurance Management Society (RIMS) conference in San Diego.
The BMA, w...
DATE: May 01, 2008
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NEW YORK (Bloomberg) — Ingersoll-Rand Co., the refrigeration-equipment maker that's buying Trane Inc., said first-quarter profit rose 35 percent, topping analysts' estimates on overseas sales of chilled trucks and display cases.
Profit from continuin...
DATE: May 01, 2008
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SAN FRANCISCO (Bloomberg) — Warner Chilcott Ltd., a maker of pharmaceutical products for women, agreed to pay $16.5 million to settle a securities class-action lawsuit on behalf of people who bought the company's stock since it went public in 2006.
M...
DATE: May 01, 2008
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Validus Holdings Ltd. repurchased $45.7 million principal amount of its Junior Subordinated Deferrable Interest Debentures.
The company announced yesterday it repurchased them from an unaffiliated financial institution in a privately negotiated trans...
DATE: May 01, 2008
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