76244 results returned for search: "" category "Business"
LONDON (AP) — British buyout fund Resolution Ltd. said yesterday that it has agreed to acquire a package of UK businesses from French insurer AXA SA in a deal worth £2.75 billion ($4.1 billion).
Resolution says it intends to merge the AXA businesses ...
DATE: Jun 25, 2010
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KeyTech's profits fell by more than two thirds during the last year due to a significant decline in Bermuda Telephone Company (BTC)'s fixed line voice business and a $2.1 million depreciation in the value of its stake in Butterfield Bank.
The company...
DATE: Jun 25, 2010
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NEW YORK (Bloomberg) — American International Group Inc., the insurer bailed out by the US government, will pay some executives in units whose value is tied mostly to debt, rather than common stock, as it seeks to retain managers.
Some compensation f...
DATE: Jun 25, 2010
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BRUSSELS (Reuters) - Euro zone industrial new orders rose in April at their fastest annual pace in 10 years, data showed yesterday, as an export-driven economic recovery continued despite tension in the currency area's debt markets.
Industrial new or...
DATE: Jun 25, 2010
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The Neal bill still presents a very real and significant threat to Bermuda but the chances of it being passed this year have diminished considerably.
That is the view of Eli Lehrer, national director of the centre on finance, insurance and real estat...
DATE: Jun 25, 2010
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LONDON (AP) — Warren Buffett's investment company, Berkshire Hathaway Inc., has raised its stake in British grocer Tesco PLC to just above three percent.
Tesco notified the London Stock Exchange yesterday that Berkshire Hathaway now holds 242 million...
DATE: Jun 25, 2010
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MADRID (AP) — Spain says it is investigating some 3,000 accounts held by Spaniards at HSBC bank in Switzerland for possible tax fraud that news reports claim total more than 6 billion euro ($7.36 billion).
Finance Minister Elena Salgado says the owne...
DATE: Jun 25, 2010
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WASHINGTON (AP) — Apple Inc.'s newest iPhone was selling briskly yesterday as thousands lined up outside stores around the world to become among the first to own the device amid concerns of supply shortages.
The iPhone 4's launch began in Japan and s...
DATE: Jun 25, 2010
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Internet subscribers in Bermuda are paying on average four times more for web access than consumers in other developed countries, according to the latest figures.
An annual survey conducted by the Organisation for Economic Cooperation and Development...
DATE: Jun 25, 2010
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A recent Belco estimate projected that Bermuda might rely on renewable energy for a fifth of its electricity by 2020. For many, this might call to mind visions of wind farms and vast blocks of solar Photovoltaic (PV) panels. Yet these large-scale ren...
DATE: Jun 24, 2010
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