49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) ? Insurer American International Group Inc., which is being sued by US regulators over an accounting scandal, said yesterday it had overstated net income for the past five years by $3.9 billion, or ten percent.
Following an interna...
DATE: Jun 01, 2005
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NEW YORK (Reuters) - American International Group Inc yesterday disclosed new detail about a series of accounting errors it committed over the past five years. The changes reduced net worth by $2.26 billion or 2.7 percent, and slashed aggregate net i...
DATE: Jun 01, 2005
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o you dream of becoming God?s gift to journalism? Before I scream ?Don?t do it!? let me tell you about a place to start.
Wikinews, created by the same folks who brought you Wikipedia, the online collaborative encyclopaedia, describes itself as the ?f...
DATE: Jun 01, 2005
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Fans of Mediterrean cuisine can once again enjoy their favourite specialities at the Mediterraneo Ristorante on Church Street. The restaurant which closed for several months is run by owner and Executive Chef Edmund Smith who also runs Ascots. The do...
DATE: Jun 01, 2005
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Bermuda-based Lines Overseas Management has been named as a relief defendant in a US Securities and Exchange Commission civil lawsuit that is probing an alleged pump and dump scheme.
The SEC complaint filed with the US District Court for the Southern...
DATE: Jun 01, 2005
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WASHINGTON (Reuters) ? The Supreme Court yesterday overturned the conviction of onetime accounting giant Arthur Andersen for destroying Enron Corp.-related documents because of flawed jury instructions.
In a defeat for the US Justice Department, the ...
DATE: Jun 01, 2005
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Florida Governor Jeb Bush signed into law last Friday legislation that paves the way for foreign insurance companies to sell life insurance and annuity contracts from Florida to non-US residents.
The legislation, which was unanimously approved by bot...
DATE: May 31, 2005
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Global banking giant HSBC ? which bought Bank of Bermuda last February for $1.3 billion ? held its annual general meeting in London on Friday to the backdrop of some UK employees staging a one-day strike.
According to union representatives, a new pay...
DATE: May 31, 2005
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Home improvement and builders' merchant S.A.L.saw its total sales revenue surge to record levels in fiscal year 2005 due to increasing product demands from the construction sector.
In his annual report to shareholders, company president John R. Berg ...
DATE: May 31, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday gained 11.88 points to close at 3,348.78. Investors of Argus Insurance Co. Ltd. traded 1200 shares, pushing the price of the stock up 90 cents to $26.25. Bermuda Bakery Ltd. saw 72 shares trade...
DATE: May 31, 2005
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