49296 results returned for search: "" category ("Other" AND "Business")
International companies could pack up and leave Bermuda because of plans to repeal tax exemptions to US citizens as part of a new tax bill approved last week by the US Senate Finance Committee, said a leading tax expert.
James Paul Sabo, president of...
DATE: May 13, 2003
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The US terrorism insurance pooling proposals could lead to some larger captives moving back offshore, according to a leading Captive magazine.
Captive Insurance Company Reports said in its May issue that the rules that have come out of the consultati...
DATE: May 13, 2003
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Americans living abroad may face big tax increases, and a host of companies that reincorporated in Bermuda last year could face steep fees following a controversial tax bill approved last week by the US Senate Finance Committee.
The bill was set up t...
DATE: May 12, 2003
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The Bermuda Stock Exchange traded under half a million dollars last week, with just two shares changing price.
Bank of Butterfield stock lost 25 cents to close at 33.00 on a busy week of trading for the islands second bank - 12,289 shares changed han...
DATE: May 12, 2003
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Orient Express reported a first-quarter loss of $2.6 million, or 8 cents per share, compared with earnings of $400,000, or a penny per share, in the year-ago period. Wall Street had expected a loss of 2 cents per share, according to a survey of analy...
DATE: May 12, 2003
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Bermuda's ACE Limited announced an offering to sell $300 million in preferred shares, to be issued in the form of depositary shares.
ACE said it expects to use the net proceeds from the offering to make additional capital contributions to certain of ...
DATE: May 12, 2003
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Three Bermudian women entrepreneurs have been awarded $15,000 between them to take their businesses to the next level.
Last week, `The Leading Women Entrepreneurs of the World', represented by the STAR Group, honoured the local women in a ceremony he...
DATE: May 12, 2003
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The Australian wine market at present is nothing short of sensational," remarks John Gay, chairman of Southcorp of the Americas who import Lindemans and Penfolds wines to Bermuda.
In the US, Australia surpasses France in volumes of wine sold and in a...
DATE: May 09, 2003
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The multi-million dollar Bermuda company that specialises in buying up insurance business from companies in run-off, Castlewood Group, has expanded into the UK by buying out a reinsurance company with $169 million of assets.
Castlewood, which is base...
DATE: May 08, 2003
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Store owners in Dockyard are calling for cruise ships to dock there seven days a week after some businesses saw sales triple since the mega-ships docked last week.
In two weeks alone the area will see three huge ships disgorge 7,637 passengers and cr...
DATE: May 08, 2003
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