49296 results returned for search: "" category ("Other" AND "Business")
Axis Capital beat analysts' expectations as they posted record first quarter profits of $236.8 million to give a net income per share of $1.37, higher than the $1.16 expected by Thomson Financial.
Axis profit for the first three months of the year wa...
DATE: May 01, 2007
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Other
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AUTHOR:
Scott Neil
IPOC’s latest attempt to have its claim to a $1.5 billion stake in Russian telecoms company MegaFon ratified through court actions around the world has ended in another disappointment.
The Bermuda-registered company has previously claimed it was targ...
DATE: May 01, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
NEW YORK (AP) — Corporate America's strong profits helped drive the Dow Jones industrials past 13,000 for the first time last week, but investors will want to see if US consumers also have financial muscle before pushing stocks much higher.In additio...
DATE: Apr 30, 2007
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(Bloomberg) — Bermuda-registered Tyco International has offered to buy back $6.6 billion in debt as part of its plan to spit into three companies, or about $95 million less than what the indentures governing the bonds say investors should get.The own...
DATE: Apr 30, 2007
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A subsidiary of Ace USA has announced its intent to enter a strategic alliance with one of the US' leading diversified health care benefits companies Aetna.
ESIS, a risk management services company of Ace USA, has signed a letter of intent with Aetna...
DATE: Apr 30, 2007
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A new hardware/homeware shop has opened its doors in St. George's, reports Scott Neil, giving the people in the town and the eastern parishes an alternative to travelling to Hamilton for things like furniture and furnishings, boat supplies and other ...
DATE: Apr 30, 2007
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The Royal Gazette / Bermuda Stock Exchange dropped 21.4 points (0.42 percent) over the course of last week to close out at 5,129.03.
The biggest movement was recorded by LOM Holdings, as its shares fell 20 cents (5.8 percent) to close at $3.25 on the...
DATE: Apr 30, 2007
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Last year, we witnessed a period of risk aversion when investors became anxious that inflation was heading up and central banks were going to turn the screws. But, when it became evident that policymakers weren't going to become proactive about stomp...
DATE: Apr 30, 2007
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NEW YORK (Reuters) — The dollar dropped to a record low against the euro on Friday after the weakest reading of US economic growth in four years, providing more evidence the economy is falling behind the rest of the world.For the first time since its...
DATE: Apr 30, 2007
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OSLO (Bloomberg) — A Bermuda spin-off company from the world's largest oil-tanker company, as judged by capacity, Frontline Limited, has announced plans to merge with Dutch ship owner Dockwise.Sealift Limited, which is based on the Island and was spu...
DATE: Apr 30, 2007
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CATEGORY:
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