49296 results returned for search: "" category ("Other" AND "Business")
announced that the Pangea Network is now in service and extends more than 7,150 miles through Northern Europe, Scandinavia and the Baltic Region.
The network provides high capacity voice, data, video and Internet transmission to other communications ...
DATE: Mar 05, 2001
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Friday said it is in talks to sell several or all of its subsidiaries, and it is suspending its semi-annual interest payments, in an effort to preserve cash.
RSL, based in Hamilton, also said it decided to defer payment on the $100 million loan exten...
DATE: Mar 05, 2001
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DATE: Mar 05, 2001
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has been applauded by Bermuda's two clearing banks. Both Bank of Bermuda and Bank of Butterfield have real physical branches in Cayman.
Shell banks are banks that have no physical presence and do not produce accounts in the country in which they are ...
DATE: Mar 05, 2001
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The bank's stocks rose by 35 cents or 0.7 percent to $50.00, $1.00 short of its 52 week high. No other bank's shares were traded.
Argus Insurance reached its 52 week high, rising $1 or 5.6 percent to $19.00.
But this was countered by Belco which drop...
DATE: Mar 03, 2001
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and financial strength, and confirms the outlook is stable.
This comes just two days after Standard & Poor's affirmed `AA' ratings for both XL Insurance and XL Europe. For all three companies the ratings agency said `AA' reflects their status as core...
DATE: Mar 02, 2001
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new operating unit, XL Capital Investment Partners.
The new unit will be formed within the Financial Products and Services division and will be responsible for the development of XL's initiatives in alternative asset management, such as the use of he...
DATE: Mar 02, 2001
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Palladium Insurance, both part of Bermuda based Powerscourt Group, relating to weather derivatives contracts taken out by the companies, according to Inside Bermuda. In both lawsuits the insurance companies are joined by Bank of America.
Platinum and...
DATE: Mar 02, 2001
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Bermuda-based ACE Ltd. may have to pay out more than $130,000 to a ten-year-old English Lord who was hit in the eye by a tennis ball, according to a local evening British newspaper.
The report, run in the Grimsby Telegraph, said Lord George Worsley, ...
DATE: Mar 02, 2001
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Island food supplies are as safe as they have ever been, according to wholesaler Butterfield and Vallis which has recently had cause to respond to a number of possible health threats.
And the Department of Agriculture and Fish is stressing that the r...
DATE: Mar 02, 2001
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