76009 results returned for search: "" category "Business"
LONDON (Reuters) - The union representing British Airways cabin crew has suspended a ballot on an offer the airline hoped would end a year-long dispute and strikes that have cost £150 million ($242.2 million).
Last month, the Unite union said it woul...
DATE: Nov 12, 2010
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NEW YORK (Bloomberg) - Harley International (Cayman) Ltd., an insolvent Cayman Islands-based fund that allegedly funnelled money to Bernard Madoff, was ordered to pay $1.07 billion to creditors of the convicted con man.
Irving Picard, the trustee ove...
DATE: Nov 12, 2010
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NEW YORK (Bloomberg) — Primus Guaranty Ltd., the Bermuda-based company that sold banks credit-default swaps protecting $11.8 billion of debt, reported a third-quarter loss of $2 million after settling contracts with a unit of bankrupt Lehman Brothers...
DATE: Nov 12, 2010
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NEW YORK (AP) — Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's competitive chops despite an uptick in its most recent quarterly earnings.
Back in August,...
DATE: Nov 12, 2010
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PARIS (Bloomberg) - Air France-KLM Group and British Airways plc. were among 11 carriers fined a total of 799.4 million euros ($1.1 billion) by European Union (EU) regulators for co-ordinating air-cargo fuel and security surcharges.
Air France and it...
DATE: Nov 12, 2010
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The number of insurance companies set up in Bermuda this year rose to 28, according to the latest figures released by The Bermuda Monetary Authority (BMA).
The BMA's Monthly Registration Statistics for October 2010 revealed that two re/insurers were ...
DATE: Nov 12, 2010
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Bermuda-based re/insurer Aspen Insurance Holdings Ltd. has capitalised on its low stock market valuation to buy back $200 million of its own shares.
Meanwhile, Bermuda competitor Allied World Assurance Company Ltd. announced it is selling $300 millio...
DATE: Nov 12, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based Argo Group International Holdings Ltd. said yesterday its subsidiary Alteris Inc. had acquired US-based fine art title insurer Aris Title Insurance Corporation.
Aris, a statutory insurance company domiciled in New York, was acquired thr...
DATE: Nov 12, 2010
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NEW YORK (Reuters) - Cisco's discouraging outlook dragged Wall Street lower yesterday, but the market fought back in a sign the bullish trend remains intact.
Cisco lost 16.2 percent to $20.52 after its earnings report. Major indexes plunged shortly a...
DATE: Nov 12, 2010
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ROME (Bloomberg) - Italy is perceived to be so immune to the European debt crisis that even the potential fall of its government is not driving up borrowing costs as much as in Ireland, Portugal and Greece.
The extra yield investors demand to hold Po...
DATE: Nov 12, 2010
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