49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (Bloomberg) ? Representative Tom DeLay, the highest-ranking US House leader ever to face criminal charges, called his indictment yesterday "one of the weakest, most baseless" in American history. Even if he's right, bigger legal battles ma...
DATE: Sep 30, 2005
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The fortunes of several Bermuda residents hang on a New York court decision after American International Group filed a lawsuit to wrest control of Starr International Company Ltd., a company based on the Island, away from ousted chairman Maurice (Han...
DATE: Sep 30, 2005
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HAMILTON, Bermuda (Bloomberg) ? PXRE Group Ltd., which reinsures property against catastrophes, forecast its net loss will widen by as much as $40 million because of Hurricane Rita damage.
PXRE?s third-quarter net loss will be as much as $320 million...
DATE: Sep 30, 2005
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Locals looking for value item goods are flocking to an expanding number of Dollar stores on the Island.
?Dollar stores are very popular among customers looking for value and have proved be very successful. They are very popular in the US and now they...
DATE: Sep 30, 2005
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A US Congressman has moved to block American firms from relocating their headquarters offshore to avoid taxes by refiling a bill that he said would result in an additional $5 billion being collected by the US Treasury at a time when the budget is bei...
DATE: Sep 30, 2005
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A member of Bermuda-based Imagine Group Holdings Ltd., a privately-held group owned largely by closely-held Canadian investment firm Brascan Corporation, has entered into an agreement in principle to acquire all of the outstanding shares of Abacus Sy...
DATE: Sep 30, 2005
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LONDON (Bloomberg) ? Insurance premium rates for oil rigs in the Gulf of Mexico may quadruple following losses caused by hurricanes Katrina and Rita, Lloyd?s of London insurer Atrium Underwriting Plc said.
?We are seeing a dramatic change in energy r...
DATE: Sep 30, 2005
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Bermuda-based Bacardi this week deemed an order from the US Environmental Protection Agency (EPA) as a ?technical issue? and insisted that treated waste water discharged from its rum plant in Canta?o, a suburb of San Juan, Puerto Rico, was not harmin...
DATE: Sep 30, 2005
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Digicel is finally the official ?proud owner? of Bermuda?s Cingular Wireless operation after securing regulatory approval from Government and completing the acquistion with Cingular Wireless on September 2.
While the company remains in ?stealth mode?...
DATE: Sep 30, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday dipped 14.55 points, or 0.39 percent to close at 3,739.40.
The BSX had a quiet day as Bank of Butterfield lost 25 cents on volume of 516 shares and Belco Holdings Ltd. traded in 500 shares to c...
DATE: Sep 30, 2005
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