49296 results returned for search: "" category ("Other" AND "Business")
Butterfield Bank is set to repurchase up to three million ordinary shares valued at $1 each over the next year.
The Bank advised the Bermuda Stock Exchange of its intention to do so, starting at the beginning of January.
As at November 30, 2007, thre...
DATE: Jan 15, 2008
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BOSTON (Bloomberg) - US existing home sales will fall 13 percent this year before recovering in 2009, according to a forecast by the Mortgage Bankers Association, the industry's largest trade group.
Sales of previously owned homes probably will drop ...
DATE: Jan 15, 2008
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LONDON (Reuters) - Annual British factory-gate inflation rose to a fresh 16-year high in December as food price inflation hit a record high and oil prices continued to climb, official data showed yesterday.
The Office for National Statistics said out...
DATE: Jan 15, 2008
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SYDNEY, Australia (AP) - A former chief executive who oversaw the multi-million dollar collapse of one of Australia's largest insurance companies was released from prison yesterday.
Ray Williams, 71, pleaded guilty in 2004 to three counts stemming fr...
DATE: Jan 15, 2008
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Bermudian lawyer Mark Chudleigh has been appointed head of Sedgwick Detert Moran & Arnold LLP's reinsurance practice group.
In his new role, Mr. Chudleigh will lead Sedgwick's global reinsurance practice, which operates from offices throughout the US...
DATE: Jan 15, 2008
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NEW YORK (Bloomberg) - Hanover Insurance Group Inc., which has offices in Bermuda, agreed to buy Verlan Holdings Inc., the Silver Spring, Maryland-based insurer that covers manufacturers and distributors of chemicals.
The purchase is expected to be c...
DATE: Jan 15, 2008
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LONDON (Bloomberg) — Bermuda-based Golden Ocean Group Ltd., a commodity shipping line led by Norwegian billionaire John Fredriksen, dropped to a five-month low in Oslo trading after ship rental rates plunged and the company sold vessels.
The shares d...
DATE: Jan 15, 2008
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OSLO (Bloomberg) - Seadrill ASA, the Norwegian oil-rig company set up by billionaire John Fredriksen, won a $164 million contract with a "major operator" in Southeast Asia.
The contract for Seadrill's jack-up drilling rig West Janus is expected to la...
DATE: Jan 15, 2008
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NEW YORK (Bloomberg) - US business insurance rates continued to decline in the fourth quarter, led by an average 11 percent rate drop for directors and officers liability renewals compared to a year earlier, according to an industry survey.
General l...
DATE: Jan 15, 2008
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LONDON (AP) — Virgin Atlantic said yesterday it would fly one of its Boeing 747 planes on biofuel during a demonstration flight from London to Amsterdam next month.
Virgin Atlantic chairman Richard Branson said the test flight, which he called the fi...
DATE: Jan 15, 2008
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