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KeyTech Ltd’s profits fell to $5.9 million for the fiscal year 2010/11, as early retirement and redundancy expenses cost the telecommunications group $4.4 million. The profit fell from $6.3 million a year earlier, as the company’s CEO Sheila Lines re...

Bermuda-based Gerova Holdings Ltd has been served notice for the termination of its lease after failing to pay $49,083.40 in rent and service charges. The company, whose offices are located on the fifth floor of Cumberland House, also owes $2,719.36 ...

Antoinette Bolden transferred tens of thousands of dollars per day out of an investment company she’s accused of stealing from, and sent the funds to her own accounts. Jason Bagg gave evidence of the transactions in Supreme Court yesterday, detailing...

NEW YORK (Reuters) - The trustee seeking money on behalf of Bernard Madoff’s victims announced yesterday a $1 billion settlement with liquidators for three large “feeder funds,” boosting payouts to the swindler’s former customers. Irving Picard said ...

new york (Bloomberg) American International Group Inc.’s Robert Benmosche, who doubled shareholders’ money in his first 17 months as chief executive officer, may be called on by new investors to show his firm is prepared to pick a successor. Benmosch...

NEW YORK (Bloomberg) American International Group Inc, the insurer repaying a US bailout, is getting weaker as it sells assets such as Nan Shan Life Insurance Co, former chief executive officer Maurice (Hank) Greenberg said. “Of course they’re making...

NEW YORK (Reuters) - Banks will meet in New York City today to make their case for the right to sell the US Treasury’s stake in American International Group, three people familiar with the matter said yesterday. The Treasury will own 92.1 percent of ...