49296 results returned for search: "" category ("Other" AND "Business")
BF&M Ltd. has accepted the resignation of director Dale Butler (pictured right), effective January 4.
The insurance firm made the announcement to the Bermuda Stock Exchange yesterday.
DATE: Jan 18, 2008
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Back in the day, a 200-point move in the Dow really meant something. Now it's just the typical morning routine; and after lunch, there's often an equally large swing in the opposite direction.
If "The Street" used to feel like a well-paved avenue, th...
DATE: Jan 18, 2008
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It was a bad day all round for companies trading on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The transportation sector was the hardest hit, with Bermuda Container Line Ltd. and Bermuda Aviation Services Ltd. losing 30 cents (2....
DATE: Jan 18, 2008
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Everest Re Group Ltd. is set to hit itself with a $311 million pre-tax charge in the fourth quarter for potential asbestos exposures in a bid to strengthen its reserves.
Craig Eisenacher, Everest's chief financial officer said: "In as much as we had ...
DATE: Jan 18, 2008
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NEW YORK (AP) — Merrill Lynch & Co. yesterday recorded its biggest quarterly loss since being founded 94 years ago after the world's largest brokerage took almost $15 billion worth of write-downs from bad sub-prime mortgage bets.
The fourth-quarter l...
DATE: Jan 18, 2008
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LONDON (Reuters) - Britain's Virgin Group expects to receive details of a financing package for its proposed rescue of embattled bank Northern Rock in the next few days, owner Richard Branson said yesterday.
Branson said the Virgin-led consortium aim...
DATE: Jan 18, 2008
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Bermuda reinsurers RenaissanceRe Holdings and PartnerRe were yesterday given a vote of confidence by rating agency AM Best the day after they announced a combined $255 million write-down due to their exposure to the US sub-prime mortgage crisis.
Best...
DATE: Jan 18, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Bermuda-based Marvell Technology Group Ltd., the maker of chips for Apple Inc.'s iPod, lowered chief executive officer Sehat Sutardja's annual salary to $1 from $657,000. Marvell also reduced the salaries of technology chief Pa...
DATE: Jan 18, 2008
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Gordon Knight has been appointed as president of US operations, distribution and marketing at Allied World Assurance Holdings.
Mr. Knight joins Allied World from AIG Domestic Brokerage Group, where he most recently served as president of sales and ma...
DATE: Jan 18, 2008
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SAN FRANCISCO (AP) — For two years now, a lingering question surrounding the stock options scandal that triggered criminal charges against at least a dozen executives has been just how severely the courts would punish defendants who are convicted.
US...
DATE: Jan 18, 2008
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