255735 results returned for search: "" category "Other"
Bermuda-based Nordic American Tanker Shipping Ltd. (NAT) has agreed to acquire its 18th vessel - a double-hull suezmax tanker built in a Far Eastern shipyard in 2002 - for $51.5 million.
The vessel is expected to be delivered to the company no later ...
DATE: Nov 12, 2009
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NEW YORK (AP) — AIG CEO Robert Benmosches says he plans to stay in his job at the embattled insurer.
American International Group Inc. has released a letter Benmosche sent to employees yesterday following a Wall Street Journal report that said he was...
DATE: Nov 12, 2009
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LONDON (AP) — Banking group HSBC Holdings PLC said on Tuesday that pretax profit for the third quarter was "significantly ahead" of the same period last year and that losses on US consumer loans had shrunk for the first time in three years.
The upbea...
DATE: Nov 12, 2009
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PALO ALTO, California (AP) — Hewlett-Packard Co. says it has agreed to buy networking software and equipment maker 3Com Corp. for about $2.7 billion in cash.
The 3Com products will be folded into HP's own networking equipment business. HP says the de...
DATE: Nov 12, 2009
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A car crash survivor has described his attempts to pull his unconscious friends from their wrecked vehicle, moments before it burst into flames.
Honest Masawi managed to get Evelyn Rewan out of the car, but was unable to free Winston (Yogi) Burrows, ...
DATE: Nov 12, 2009
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LONDON (AP) — Britain's Lloyds Banking Group PLC said on Tuesday that it plans to cut about 4,300 jobs and transfer 680 more in a series of reorganisational moves in its group operations, insurance and retail division.
The bank, which was bailed out ...
DATE: Nov 12, 2009
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LONDON (Bloomberg) — Bermuda-based insurers Hiscox Ltd. and Catlin Group Ltd., as well as Amlin plc, which has reinsurance operations on the Island, were rated "buy" in new coverage at UBS, according to a report this week.
DATE: Nov 12, 2009
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AM Best Co. has upgraded the issuer credit rating (ICR) to "a+" from "a" and affirmed the financial strength rating (FSR) of A (Excellent) of Hannover Re (Bermuda) Ltd. The outlook for both ratings is stable.
The ICR of Hannover Re Bermuda has been u...
DATE: Nov 12, 2009
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Bermuda could start exporting queen bees as the Ministry of Environment seeks to cash in on the Island's unusually disease-free buzzing population.
Minister Glenn Blakeney explained Bermuda's ideal location in the middle of the ocean has helped its b...
DATE: Nov 12, 2009
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AUTHOR:
Tim Smith
A Tennessee woman said she felt duped after learning the caretaker she hired to care for her elderly cousin had complete access to the senior's bank account.
The caretaker, Gaynette Holder, is on trial in Magistrates' Court for allegedly stealing aro...
DATE: Nov 12, 2009
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AUTHOR:
Owain Johnston-Barnes
