49296 results returned for search: "" category ("Other" AND "Business")
A lawyer for the US Securities and Exchange Commission has told a US Court that Bermuda?s Scott and Brian Lines ?have been at the epicentre of at least two suspected fraudulent schemes, yet LOM and its officers have done everything possible to keep t...
DATE: Dec 23, 2004
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The owner of the Fairmont Hamilton Princess and Fairmont Southampton hotels has entered a European luxury hotel joint venture with Kingdom Hotels International and Bank of Scotland.
The joint venture has a potential buying capacity of $1.5 billion US...
DATE: Dec 23, 2004
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Leading investment bank Lazard Group?s decision to pick Bermuda as home for its newly incorporated holding company is a feather in the Island?s financial services cap, Finance Minister Paula Cox said.
Lazard ? best known for its consulting on corpora...
DATE: Dec 23, 2004
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Driven by Christmas shopping fever, shoppers rushed through the streets of Hamilton yesterday picking up everything from lavish spa treatments and expensive wines to last minute stocking stuffers.
Residents appear to be spending more than they have i...
DATE: Dec 23, 2004
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Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, announced that it has completed the private placement of $40 million of trust preferred securities as ...
DATE: Dec 23, 2004
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HSBC is continuing its streamlining efforts of its local bank with the voluntary winding up of Bank of Bermuda International Limited.
The planned wind-up was published in the official gazette following a December 16 decision by its members that the c...
DATE: Dec 23, 2004
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The Royal Gazette/Bermuda Stock Exchange Index yesterday gained 13.46 points to close at 3,187.61.
Butterfield Bank investors traded 11,635 shares, pushing up the price 30 cents to $40.50. BELCO was the only other company to see trading with 31 share...
DATE: Dec 23, 2004
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INTELSAT, a satellite operator being purchased by four buyout firms, plans to sell $2.55 billion of junk bonds next month to finance the transaction, said a person familiar with the offering who declined to be identified. The company hasn't determine...
DATE: Dec 23, 2004
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The Royal Gazette/Bermuda Stock Exchange Index yesterday gained 5.48 points to close at 3,174.14.
BF&M shares gained $1 to $14 on trading of 600 shares while Devonshire Industries - the parent company of Bermuda Paint - edged up five cents to $11.50 ...
DATE: Dec 22, 2004
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Bermuda businessman Richard Woolnough has had to back off on a service that he recently brought to market enabling local residents to slash long distance telephone rates.
Mr. Woolnough will no longer be able to offer a bundle of services he recently ...
DATE: Dec 22, 2004
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