76269 results returned for search: "" category "Business"
WASHINGTON — The number of newly laid off people signing up for unemployment benefits rose sharply for the second straight week, suggesting that jobs are still hard to come by even as the economic recovery gains traction.
The Labour Department report...
DATE: Apr 16, 2010
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The listing committee of the Bermuda Stock Exchange (BSX) has approved the secondary listing of up to 4,999,000 shares of the Highfield Fund Ltd.
The primary listing for the Highfield Fund is on the Irish Stock Exchange.
The fund was incorporated in ...
DATE: Apr 16, 2010
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NEW YORK (Reuters) – Seven former US clients of UBS AG were charged with filing false tax returns, collectively hiding more than $100 million held offshore in Swiss accounts.
They are the latest in a slew of cases the government has brought against f...
DATE: Apr 16, 2010
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The Bermuda Stock Exchange (BSX) has approved of the listing of Merna Reinsurance II Ltd. Principal-at-Risk Variable Rate Notes – due on April 8, 2013.
The notes were issued under the BSX's restricted marketing provisions for qualified investors and ...
DATE: Apr 16, 2010
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YourTravelBiz International Inc. (YTB) – the travel company which has recruited at least 700 Bermudians – made a net loss of $9.9 million and saw total revenue fall by 58 percent last year.
The company's net loss for 2009, which included a net loss f...
DATE: Apr 16, 2010
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Bermuda Commercial Bank Ltd. (BCB) yesterday announced it has sold a controlling interest to Bermuda-based exempted company Permanent Investments Ltd. in a deal worth around $34.2 million.
The bank's new owner, which is owned and funded by four inves...
DATE: Apr 16, 2010
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AUTHOR:
Jonathan Kent
BOSTON (AP) — The Obama administration decides this month after a nine-year review whether the nation's first offshore wind farm should be built off Cape Cod. If it says no, the industry faces another question with no easy answer: "What's next?"
Not ...
DATE: Apr 16, 2010
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NEW YORK (Bloomberg) — Digicel Group Ltd., the largest mobile phone company in the Caribbean, is using principal payments on a $794 million debt package to create new borrowings, signalling increased tolerance for risk.
Citigroup Inc. arranged the lo...
DATE: Apr 16, 2010
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MUNICH (Bloomberg) — European insurers may not have to raise capital to comply with tightened proposals for industry rules, the head of the supervisory body advising the European Commission on new regulation said.
"Most insurers in Europe will be abl...
DATE: Apr 15, 2010
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SYDNEY (Reuters) - The aircraft leasing unit of bailed-out insurer American International Group (AIG) has agreed to sell 53 passenger jets to Australia's Macquarie Group to raise a much-needed $2 billion in cash.
International Lease Finance Corp (ILF...
DATE: Apr 15, 2010
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