49296 results returned for search: "" category ("Other" AND "Business")
Many businesses could be driven to the wall as a result of the two percent increase in payroll tax introduced by Finance Minister Paula Cox in Friday's Budget statement.
That is according to Aaron Smith, president of the Igility Group of Companies, w...
DATE: Mar 03, 2010
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Three leading executives from UK-listed Bermuda insurers top the bill in a new event for the Island's re/insurance calendar later this month.
Barbara Merry, chief executive of Hardy Underwriting, joins Hiscox Bermuda CEO Charles Dupplin and Lancashir...
DATE: Mar 03, 2010
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NEW YORK (Bloomberg) — The cost to protect against a default by American International Group Inc. declined to the lowest since before the company's government bailout after a $35.5 billion sale of an Asian insurance unit bolstered creditor optimism.
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DATE: Mar 03, 2010
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WASHINGTON (AP) - Bill Warren founded an early online job board in the 1990s, helped kick-start an industry and was president of Monster.com, one of the leading Internet career sites. But these days he's not very happy with the results.
So he's takin...
DATE: Mar 03, 2010
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Bermuda Container Line Ltd. (BCL) has officially delisted from the Bermuda Stock Exchange (BSX) following a shareholder vote, it was announced yesterday.
Shareholders of the freight shipping company voted in favour of the move at a special general sh...
DATE: Mar 03, 2010
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Bermuda Commercial Bank Ltd. dropped 7.28 percent (55 cents) to $7 on The Bermuda Stock Exchange on the same day that Butterfield Bank suspended trading in its shares yesterday.
BCB traded 3,700 shares, while Butterfield Bank also saw 62 preference s...
DATE: Mar 03, 2010
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Net loss: $213.4 million for 2009
Revenue before gains and losses and credit provisions for Bermuda segment: $187.7 million
Specific loan loss provisions related to the hospitality industry: $94 million
Net realised and unrealised gains on investment...
DATE: Mar 03, 2010
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ATHENS, Greece (AP) — Prime Minister George Papandreou says that if Greece cannot borrow on terms that are similar to those enjoyed by other European Union countries, the results will be "worse than catastrophic."
Papandreou also says the country mus...
DATE: Mar 03, 2010
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In a hearing before His Honour Mr Justice Briggs in the High Court in London, Hotel Cipriani (part of Orient-Express Hotels Ltd. was today awarded GBP1,571,091 million against Cipriani (Grosvenor Street) Ltd, the London restaurant and a further GBP6,...
DATE: Mar 03, 2010
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REACTION
Finance Minister Paula Cox
'The Ministry is pleased that the commercial resolution was concluded in a manner that considerably strengthens the Bank's capital base. The $550 million injection of new capital enables the Bank to de-risk its bal...
DATE: Mar 03, 2010
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