49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based White Mountains Insurance Group, Ltd. has bought up the Sirius Insurance Group, a Swedish-based insurance and reinsurance organisation from the ABB Group.
The purchase, at a price of 3.22 billion Swedish kroner (approximately $425 milli...
DATE: Dec 10, 2003
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The Bank of Bermuda name will carry on ? at least in the short term, but with its acquisition by multinational banking giant HSBC the name could disappear after five years.
Under the sales agreement signed by both parties, HSBC is legally bound to ke...
DATE: Dec 10, 2003
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Question: I've noticed in past columns that you write about using the backup facility built into Windows XP Pro. I don't use that program because I have been quite happy backing up my essential files and my e-mail address book (*.wab) on to CD-R's.
I...
DATE: Dec 10, 2003
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NEW YORK (AP) ? Global Crossing Ltd., a Bermuda-based company synonymous with the telecommunications industry?s rip-roaring boom and humbling comedown, is emerging from bankruptcy after spending nearly two years reorganising in Chapter 11.
Global Cro...
DATE: Dec 10, 2003
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In spite of the intense competition in the mobile phone world in Bermuda, BTC Mobility has seen a jump in business in the six months period ending on September 30.
According to a report issued by KeyTech, Mobility's parent company, the mobile phone p...
DATE: Dec 10, 2003
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Five of the Bank of Bermuda?s senior executives could profit handsomely ? to the tune of more than $10 million in cash and investments ? if they meet certain first year targets.
Together they stand to make close to $7 million in cash and a further $4...
DATE: Dec 10, 2003
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Bermuda's inflation rate is still running high - coming in at 3.4 percent for the month of October, according to Government figures released yesterday.
Although down from September, when it reached a 12-year high of 3.8 percent, the rate is still wel...
DATE: Dec 10, 2003
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The Royal Gazette/Bermuda Stock Exchange yesterday gained 6.01 points to close at 2,810.91. Bank of Butterfield saw its shares gain 25 cents, moving up to $39.25 while volume was low with 765 of its stock changing hands.
KeyTech - the parent company ...
DATE: Dec 10, 2003
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NEW YORK (Bloomberg) ? ACE Ltd., a Bermuda-based business insurer, may raise between $700 million and $1 billion by selling shares in its bond-insurance business, according to estimates of two stock analysts.
The company, which recently announced its...
DATE: Dec 10, 2003
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Bank of Bermuda shareholders could have made quite a bit less ? $40 per share instead of $45 ? if an initially agreed price had stood.
In proxy materials sent out to shareholders yesterday, the bank revealed that it could have been acquired for appro...
DATE: Dec 09, 2003
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