49296 results returned for search: "" category ("Other" AND "Business")
A leading American tax and accounting analyst has said that so-called "patriot tax" legislation could become law.
Robert Willens, managing director and leading tax expert with Lehman Brothers in New York told The Royal Gazette that changes could go t...
DATE: Jun 06, 2002
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As pressure to enact legislation that would crack down on corporate inversions - with a focus on companies that have moved to Bermuda - mounts, supporters of the Island are taking a more vocal role.
Yesterday's Wall Street Journal (WSJ) reported that...
DATE: Jun 06, 2002
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The powerful tax-writing House Ways and Means Committee will meet this morning on Capitol Hill to "explore the growing trend towards offshore incorporation".
The hearing, with a focus on inversion transactions and enhancing US competitiveness, will t...
DATE: Jun 06, 2002
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The Bermuda Stock Exchange Index closed yesterday at 2,728.08 losing 27.38 points or 0.99 percent with 868 shares sold.
Bank of Bermuda opened the day with a bidding price of $44.50 while shareholders asked for $46. At the close of the day 110 shares...
DATE: Jun 06, 2002
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A former chef has traded his pots and pans for the Internet and T-shirts after opening a new store - Swiss Connection - in Dockyard's Clocktower Mall.
Managing director of Swiss Connection is Donald Duerr who started the store after he became interes...
DATE: Jun 05, 2002
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A former Bermuda-based insurance officer is wanted by US authorities, according to the May issue of Web-based newsletter InsideBermuda.
InsideBermuda (IB) named Simon John Samuels, 46, as having been indicted by the US district court in Nevada on Feb...
DATE: Jun 05, 2002
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Bermuda-based e-commerce company Promisant yesterday announced that it had secured an additional $5 million in financing in the wake of a series of deals to provide international companies with global transaction processing services.
Promisant said i...
DATE: Jun 05, 2002
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US regulators have adopted a "do as I say, not as I do" approach to offshore banking, says Bank of Butterfield's new president and CEO Alan Thompson.
Speaking at the weekly Hamilton Rotary meeting yesterday, Mr. Thompson said that in an era of intern...
DATE: Jun 05, 2002
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A Bermuda reinsurance company is at the centre of an international controversy that has caused the collapse of one Japanese insurer and sparked a $2.5 billion legal battle.
The Wall Street Journal reported on Monday that North Carolina insurance comp...
DATE: Jun 05, 2002
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Some Bermuda insurance company stocks took a pounding in the US yesterday in the wake of an insurance litigation settlement.
St. Paul Companies shares fell more than four percent yesterday after announcing a $975 million settlement which should close...
DATE: Jun 05, 2002
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