76211 results returned for search: "" category "Business"
NEW YORK (Bloomberg) - American International Group Inc. (AIG) agreed to sell its consumer lender for less than one percent of the unit's $20 billion in assets to avoid the possibility that the business would sap US bailout funds, said three people w...
DATE: Aug 13, 2010
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A series of 10 percent stock dividend issues to Butterfield Bank shareholders during its years of soaring profits had the effect of boosting the value of senior management's stock options.
That is the view of one source with inside knowledge of the b...
DATE: Aug 13, 2010
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>The Butterfield Money Market Fund (BMMF) consistently performed better than its peers during the mid-2000s under its award-winning managers at Butterfield Asset Management (BAM). At its peak its assets under management ballooned to $8 billion.
But o...
DATE: Aug 13, 2010
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DETROIT (Reuters) – General Motors Co posted its biggest quarterly profit in six years yesterday and CEO Ed Whitacre stepped aside on the cusp of an IPO (initial public offering) expected to allow the US government to relinquish its majority stake.
W...
DATE: Aug 13, 2010
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BC-EU--Britain-Earns-Prudential,0139
Prudential trims botched AIA bid cost
LONDON (AP) -- Prudential PLC says it has cut the cost of its failed takeover bid for AIG Inc.'s Asian unit as it reported a strong half-year profit.
Prudential said Thursday ...
DATE: Aug 13, 2010
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Former Speaker of the House of Assembly Ernest DeCouto has seen the value of his stake in Butterfield Bank fall from $6 million to about $300,000 in the space of three years.
His story is typical of many well-heeled Bermudians, who chose to invest a ...
DATE: Aug 13, 2010
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LONDON (AP) — Workers at airport operator BAA have voted in favour of strike action that could close Britain's major airports this month.
Releasing details of the ballot yesterday, the Unite union said that it will decide on Monday what action it wil...
DATE: Aug 13, 2010
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WRAPUP 4-Japan officials step up campaign against yen rise
+ FinMin Noda says to deal with yen's rise appropriately
+ Yen up after Noda says no plans for G7 talks on FX
+ BOJ checks dollar/yen rates with banks
+ PM Kan decries yen gains as "rough" - ...
DATE: Aug 13, 2010
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Fairmont Bermuda has announced the appointments and promotions of four Bermudians at The Fairmont Southampton.
Nelda Simons, regional director of human resources with The Fairmont Southampton, said: "They are outstanding examples of the local talent ...
DATE: Aug 13, 2010
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LONDON (Bloomberg) - Alea Group Holdings Ltd., a Bermuda-based reinsurer providing property and casualty insurance services, said net asset values fell 12 percent in the first half due to impairment costs.
Net asset values on June 30 were $296 millio...
DATE: Aug 13, 2010
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