49296 results returned for search: "" category ("Other" AND "Business")
The founder of the company that created the raunchy “Girls Gone Wild” videos has been indicted on US tax evasion charges after he channelled millions through a Bermuda bank account.
Joe Francis, 34, was charged by a federal grand jury in Reno, Nevada...
DATE: Apr 13, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
ZURICH (Bloomberg) — Shares of Zurich Financial Services AG, Switzerland’s biggest insurer, rose amid speculation that the company may be the target of a takeover bid.Zurich Financial’s stock climbed as much as 2.6 percent to 354 Swiss francs and clo...
DATE: Apr 13, 2007
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Credit is out of control in Bermuda and the onus is on Finance Minister Paula Cox to take steps to clamp down on the problem, according to Opposition Senator E.T. (Bob) Richards.
Sen. Richards, an economist and a former general manager and director o...
DATE: Apr 13, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Insurers cut their prices on corporate board coverage by an average 18 percent, the steepest decline in three years, a Towers Perrin survey of US buyers showed.An annual index generated by the survey fell 183 points to 827, the...
DATE: Apr 13, 2007
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Insurance and utility company shares were the flavour of the day on the Royal Gazette / Bermuda Stock Exchange as it rose 23.08 points (0.45 percent) to 5,123.78.
Belco shares improved in value by 80 cents (3.5 percent) to $23.80 after 1,500 were tra...
DATE: Apr 12, 2007
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WASHINGTON (Reuters) — The Bush administration opposes setting up a federal catastrophic insurance programme to bolster private coverage, a senior White House adviser said yesterday amid debate over post-Katrina insurance reforms.Warning that a gover...
DATE: Apr 12, 2007
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Banks are lending out significantly more Bermuda dollars than they hold in deposits — but the Bermuda Monetary Authority (BMA) sees little cause for concern about the imbalance right now.
A burgeoning demand for mortgages and loans, on the back of a ...
DATE: Apr 12, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
NEW YORK (AP) — Under pressure from investors to contain growing costs, Citigroup Inc., the US’s largest financial institution, announced it will eliminate about 17,000 jobs, shift 9,500 positions to “lower-cost locations” and consolidate some corpor...
DATE: Apr 12, 2007
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NEW YORK (AP) — Wall Street stumbled, pulling the Dow Jones industrials down nearly 90 points after minutes from the Federal Reserve’s most recent meeting indicated the central bank is not ruling out an interest rate hike to curb inflation.The minute...
DATE: Apr 12, 2007
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Bank of Bermuda has launched a major branding campaign at Bermuda International Airport and unveiled its newly-renovated airport branch.
The branding campaign is part of a three-year agreement to place advertising throughout the arrivals area and in ...
DATE: Apr 12, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
