49296 results returned for search: "" category ("Other" AND "Business")
SHANGHAI (Reuters) ? Diversified manufacturer Tyco aims to slash debt by about a third to $10 billion by the end of fiscal 2005, helped by a double-digit percentage jump in Asian sales this year, its top executive said on Wednesday.
Asia sales for Be...
DATE: Mar 04, 2005
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SAN FRANCISCO (Bloomberg) ? The founder of a Bermuda hedge fund has been convicted of five counts of tax fraud for evading evading $1.5 million in taxes, the US Attorney?s Office in San Francisco said.
Randolph S. Bronte, who managed Bermuda-register...
DATE: Mar 04, 2005
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Bermuda recorded a total of nine new incorporations of insurance and reinsurance companies during the past two months.
The majority of the new companies were formed in January, and included Emstar Re Ltd., the only Class 1 company among the new crop....
DATE: Mar 04, 2005
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NEW YORK (Bloomberg) ? Aon Corp., the world's second-largest insurance broker, is poised to settle fraud investigations by New York Attorney General Eliot Spitzer and two other states for $190 million, people familiar with the matter said.
The settle...
DATE: Mar 04, 2005
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Management at Bermuda-based run-off specialist Castlewood Holdings Limited yesterday would not confirm or deny rumours that the company is about to purchase the US operations of UK insurer Royal & Sun Alliance (RSA).
A report earlier this week in UK ...
DATE: Mar 04, 2005
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WRITS
A writ has been filed by Ann H. Womer Benjamin (Superintendent of the Ohio Department of Insurance and her successors in offices) in her capacity as liquidator of Credit General Insurance Company and Credit General Indemnity Company (in liquida...
DATE: Mar 04, 2005
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Alea names Lusk to executive post
Alea Group Holdings (Bermuda) Ltd., the specialty insurer and reinsurer headquartered in Hamilton, has announced changes in the company's executive management team. Kirk Lusk has been appointed group chief administra...
DATE: Mar 04, 2005
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NEW YORK (Reuters) ? Citigroup Inc. said on Wednesday it will pay $75 million to settle a lawsuit brought by investors over its role in the collapse of telecommunications network provider Global Crossing Ltd..
Citigroup, which was one of Global Cross...
DATE: Mar 04, 2005
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The Royal Gazette/Bermuda Stock Exchange Index fell 7.48 points or 0.23 percent yesterday, closing at 3,269.57.
Dragging the index lower, Bermuda Commercial Bank shares fell $1 or 11.1 percent to close at $8 on meagre volume of 100 shares.
The Bank o...
DATE: Mar 04, 2005
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Watlington Waterworks has announced that it will issue a one-for-ten share dividend.
The share issue will be made to all shareholders of record on March 15 and will take effect on March 31.
Shareholders who will have a fraction of a share after the o...
DATE: Mar 04, 2005
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