49296 results returned for search: "" category ("Other" AND "Business")
TOKYO (Bloomberg) — Citigroup Inc. increased its takeover offer for Nikko Cordial Corp. by 26 percent to $13.4 billion after the Japanese brokerage's biggest investors rejected the earlier bid.The biggest US bank boosted its cash bid to 1,700 yen a s...
DATE: Mar 14, 2007
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NEW YORK (Bloomberg) — Accenture Ltd., the world’s second- biggest consultant, and partners are losing a $543 million contract with Texas to provide computer services for the state’s health and social services programmes.The decision to end the contr...
DATE: Mar 14, 2007
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LONDON (Bloomberg) — Moody’s Investors Service sparked derision from JPMorgan Chase & Co. and Merrill Lynch & Co. yesterday after backtracking from global ratings criteria that rank Icelandic lenders above ABN Amro Bank NV.Moody’s on March 9 delayed ...
DATE: Mar 13, 2007
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A Bermuda company is amongst the first in the world to provide a new breed of high security internet validation certificates that turn red to warn a user they may be visiting a fake or scam web site.
The new certificates will show "green for go" or r...
DATE: Mar 13, 2007
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AUTHOR:
Scott Neil
XL Capital intends to raise $1 billion in capital through an offering of fixed/floating shares. The new shares will not be exchangeable for, or convertible into, ordinary shares in the company.
From the money raised XL intends to purchase around $830...
DATE: Mar 13, 2007
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AUTHOR:
Scott Neil
Lloyd's of London insurer Kiln Plc said today is plans to set up a new parent company in Bermuda.
Kiln, which said its 2006 profit increased seven-fold on lower storm claims to £43.6 million pounds ($84 million), or 14.96 pence a share, from £5.8 mil...
DATE: Mar 13, 2007
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TOKYO (Bloomberg) — Millea Holdings Inc., Japan’s biggest insurer, will form a venture with JPMorgan Chase & Co. to provide reinsurance coverage for payments of death benefits and annuities in connection with variable annuity insurance policies.
Toki...
DATE: Mar 13, 2007
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TORONTO (Bloomberg) — Canadian stocks rose a fifth-straight day, extending a rebound from their biggest drop in nine months, as raw-materials companies including Teck Cominco Ltd. rose on higher metals prices and takeover speculation.The Standard & P...
DATE: Mar 13, 2007
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There was little movement on the Royal Gazette/Bermuda Stock Exchange yesterday as it moved up 9.86 points to close at 4,978.07 in moderate volume.
In the insurance sector Argus Group shares dipped ten cents (0.7 percent) to finish the day at $15 aft...
DATE: Mar 13, 2007
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NEW YORK (Bloomberg) — Citigroup Inc. may have to increase its $10.8 billion bid for Nikko Cordial Corp. after the Japanese brokerage’s four biggest shareholders — including Bermuda-based Orbis Investment Management Ltd. — rejected the offer as too l...
DATE: Mar 13, 2007
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