49296 results returned for search: "" category ("Other" AND "Business")
Iridium LLC is close to reaching a restructuring agreement with debt holders, according to people familiar with the negotiations. The restructuring package involves offering 44 percent of the company's equity to holders of $1.45 billion of Iridium's ...
DATE: Aug 10, 1999
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claims-paying ability rating on hold due to news it is the target of a merger offer.
And the senior debt rating of Terra Nova Insurance (UK) Holdings plc is also on "rating watch'' as the full details of the merger bid by an unnamed company unfolds.
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DATE: Aug 10, 1999
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Bermuda insurance giant XL Capital Ltd. announced yesterday it has bought into New York-based fixed income investment manager MKP Capital Management.
The deal makes XL a minority equity holder of the company which specialises in mortgage-backed secur...
DATE: Aug 10, 1999
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11 cents per ordinary share.
It is payable on October 15 to shareholders of record at close of business on September 30.
DATE: Aug 09, 1999
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to close at 1,470.59 on a volume of 48,713 shares valued $1,083,884 as well as 67,702 US shares worth $359,974 and 149,370 bonds worth $140,794.
Shares in the Bank of Bermuda were the week's main winner gaining $1 to close at $32. Masters Ltd. shares...
DATE: Aug 09, 1999
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diverted to Bermuda on Friday morning after reporting smoke in the cockpit.
The Boeing 757 aeroplane arrived at Bermuda International Airport around 10.39 a.m. with all 211 passengers and nine crew uninjured.
The passengers later disembarked and rema...
DATE: Aug 09, 1999
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Four of the nine new companies formed recently to compete in the bond insurance sector are based in Bermuda. Ahmed ElAmin looks at a new report on the potentially lucrative market and how the Bermuda market is developing a name for itself among finan...
DATE: Aug 09, 1999
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A story in yesterday's paper incorrectly stated that Premier Jennifer Smith would be delivering the keynote address at an AME Church conference in Philadelphia next week. She gave was due to give the speech last night.
Premier Jennifer Smith will del...
DATE: Aug 09, 1999
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CGA Group , started in 1997, provides bond insurance on medium-term notes and other debt securities and liabilities issued to fund the purchase of structured finance securities.
FSA Financial Security Assurance International Ltd.: One of two joint ve...
DATE: Aug 09, 1999
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Internet knew it was acting illegally, it was claimed yesterday.
And Telecommunications Minister Renee Webb accused Logic Communications and its boss Peter Durhager of trying to "jump the gun'' with its Internet phone service.
But Ms Webb added Gover...
DATE: Aug 09, 1999
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AUTHOR:
Raymond Hainey, Assistant News Editor
