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Shares of Iomai Corp. surged more than 117 percent after the firm agreed to be acquired by Austrian vaccines maker Intercell AG in a deal valued at about $189 million. Intercell's bid of $6.60 per share marked a hefty premium - about 126 percent - to Iomai's Monday closing price of $2.92, though...
ATLANTIC CITY (CBS3/AP) ― Federal authorities are looking into the disappearance of Pine Hill, New Jersey woman who went overboard from a cruise ship off the Atlantic City coast. The Norwegian Dawn was headed for Bermuda from New York City when 46-year-old Mindy Jordan went overboard at about...
NEW YORK (AP) - Shares of Consolidated Water Co. sank in Tuesday trading after the company said its first-quarter income dropped more than 50 percent due in part to a large loss from an investment in the British Virgin Islands. The stock fell $3.43, or 16 percent, to $18.05 in the morning...
On January 16, 2008, two developments took place regarding the recognition of foreign insolvency proceedings in U.S. Bankruptcy Courts under Chapter 15. First, Judge Robert W. Sweet of the U.S. District Court for the Southern District of New York heard oral argument in the appeal of Judge Burton...
By Brent Fuller, brent@cfp.ky Comment on this story A Sister Islands’ MLA said last week that Cayman’s now infamous gay kissing incident has raised doubts in voters’ minds about the country’s proposed bill of rights. “I must say that the news headlines of this past week…certainly have caused the...
Greenlight Capital Re, Ltd. (NASDAQ: GLRE), a specialty property and casualty reinsurer based in the Cayman Islands, will hold its first investor meeting on Tuesday, June 3, 2008 in New York City. John Andre, Group Vice President, Property and Casualty Ratings at A.M. Best, will also be on hand...
Gov't orders TCI not to acquire larger stake in J-Power+ ... TOKYO, May 13_(Kyodo) _ The government ordered The Children's Investment Fund on Tuesday not to acquire a larger stake in Electric Power Development Co. on the grounds of energy security risks, marking the first...
As the electronic media pool in Bermuda gets smaller, Politics.bm says: “I think it's safe to say that the most visited electronic medium for locals is The Royal Gazette's website. I'm yet to see any Government ads there, which…reinforces what everyone knows but Government can't admit: it's about...
Bermudian Gino Smith earned a standing ovation from some 350 insurance industry peers on Saturday evening after a speech outlining his meteoric rise from a pack-racing youth to an assistant vice-president at XL Re. Accepting his award as Young (Re)insurance Person of the Year at the Bermuda...
Q-Cells AG / Q-Cells AG: Release of a voting rights announcement according to section 26, para. 1 WpHG (Securities Trading Act) with the aim of a European wide distribution Publication pursuant to §26 sect.1 WpHG processed and transmitted by Hugin ASA.
