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TORONTO (Bloomberg) ? Four Seasons Hotels Inc., the manager of 74 luxury properties, received a $3.7 billion bid to be taken private by its chief executive officer, Microsoft Corp. chairman Bill Gates and Prince Alwaleed Bin Talal.
Gates? Cascade Inv...
DATE: Nov 07, 2006
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The Royal Gazette/Bermuda Stock Exchange Index slipped yesterday as Bermuda Aviation Services and Bermuda Commercial Bank Warrants fell.
The Index closed down 3.2 points to 4,879.14 on volume of 24,640 shares worth $180,525.
BAS, which released stron...
DATE: Nov 07, 2006
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NEW YORK (Reuters) ? Property and casualty carriers could be headed for another ?boom and bust? cycle, even as they report record profits, a leading company and an industry adviser both warned yesterday.
?I could make a strong case that we are standi...
DATE: Nov 07, 2006
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ST. PAUL, Minnesota — St. Paul Travelers Cos. Inc. has agreed to adopt “certain corporate governance measures” to settle a consolidated derivative lawsuit over alleged improper business practices, the insurer said in a Securities and Exchange Commiss...
DATE: Nov 07, 2006
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HONG KONG (Bloomberg) — HSBC Holdings Plc's Hong Kong unit cut its best lending rate for the first time in two years to spur borrowing because the banking system is awash with funds.The world's third-biggest bank by market value cut its best lending ...
DATE: Nov 07, 2006
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BTC yesterday announced it is launching a new high speed phone line that will speed up delivery of Internet and e-mail to home users.
But the Bermuda Computer Society warned that users will also have to contact their Internet Service Providers to upg...
DATE: Nov 07, 2006
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PARIS (Bloomberg) — Axa SA, Europe’s second-biggest insurer, may post an increase in its third-quarter revenue on higher sales of life and savings products in France and the US and on increased fees from asset management.Revenue probably climbed to 1...
DATE: Nov 07, 2006
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SHANGHAI (Bloomberg) — American International Group Inc., the world’s largest insurer, said it plans to sell life products in four more cities in China next year, tapping into the rising wealth of the country.“As the economy continues to improve, mor...
DATE: Nov 07, 2006
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TORONTO (Bloomberg) — Four Seasons Hotels Inc., the manager of 74 luxury properties, received a $3.7 billion bid to be taken private by its chief executive officer, Microsoft Corp. chairman Bill Gates and Prince Alwaleed Bin Talal.Gates’ Cascade Inve...
DATE: Nov 07, 2006
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CATEGORY:
Other
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TORONTO (Bloomberg) — Canadian stocks rose on optimism that takeovers will increase as investors including Microsoft Corp. Chairman Bill Gates offered to take Four Seasons Hotels Inc. private and Kinross Gold Corp. agreed to buy Bema Gold Corp.Income...
DATE: Nov 07, 2006
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