49296 results returned for search: "" category ("Other" AND "Business")
The Supreme Court has ordered oil company Esso Bermuda to compensate Alan Doughty Jr. for wrongfully dismissing him at the end of 1997.
And in his ruling Chief Justice Austin Ward has pointed out that Bermuda law does not require redundancy pay of em...
DATE: Nov 26, 1998
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AUTHOR:
David Fox, Business Editor
restructured Bermuda Tourism Board.
The diverse 22-member Board was announced yesterday by Tourism Minister David Allen who noted that the appointments were key to Government's plans to arrest the decline in the Tourism industry.
He said: "In conjunc...
DATE: Nov 25, 1998
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Popular product, captive market. What could go wrong in a business with these elements? Yet by January 1997, Kentucky Fried Chicken (Bermuda) Ltd. (KFC) was on the brink of bankruptcy, loaded with debts of about $1 million and unable to meet payroll....
DATE: Nov 25, 1998
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across the European Union.
The European Economic and Monetary Union (EMU) comes into effect early in 1999, and LOM is positioning itself for the expected dramatic expansion of investment opportunities.
The company marked the opening of its second ove...
DATE: Nov 25, 1998
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CATEGORY:
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AUTHOR:
David Fox, Business Editor
A California pharmaceutical developer will seek to have its legal domicile moved from Delaware to Bermuda to take advantage of a better tax climate for future earnings.
The company, XOMA Corp., said yesterday that its board of directors agreed to the...
DATE: Nov 25, 1998
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
capacity on its planned undersea fibre-optic network to closely held international phone company North American Gateway Inc. Closely held Project Oxygen plans to begin construction on the 104,400 mile global network next year. Toronto-based North Ame...
DATE: Nov 24, 1998
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in stock, topping AlliedSignal Inc.'s $9.8 billion hostile bid for the biggest maker of electronic connectors.
AMP investors will get at least $51 a share in stock from Tyco, which makes thousands of products ranging from security systems to industri...
DATE: Nov 24, 1998
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Bank of Bermuda fell 75 cents to $26.25 after a trading volume of 1,668, and Bank of Butterfield fell $0.375 to $15 on volume of 22,206.
The only other issue that traded was Bermuda Commercial Bank Warrants `01, which climbed 25 cents or 40 percent t...
DATE: Nov 24, 1998
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Bermuda-registered American Safety Insurance Group, Ltd.'s third quarter net earnings soared 144 percent to nearly $1.6 million from $655,769 for the same quarter in 1997.
And profit for the first nine months to September 30 has jumped 89 percent fro...
DATE: Nov 24, 1998
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
Hit by volatility in investment markets and a reduction in written premiums, net income for the first half of the fiscal year for Bermuda-based Stockton Reinsurance Ltd. fell nearly 28 percent to $46.6 million compared to $64.3 million for the same p...
DATE: Nov 23, 1998
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
