76282 results returned for search: "" category "Business"
NEW YORK (Reuters) - Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
Investors are eager to hear more ...
DATE: Feb 22, 2010
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The Bermuda insurance market bounced back in spectacular fashion in 2009, with a massive swing to profit.
A group of 17 US-listed property and casualty re/insurance companies who are based on the Island or who have major operations here, achieved col...
DATE: Feb 22, 2010
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AUTHOR:
Jonathan Kent
Utilities proved to be the busiest sector on The Bermuda Stock Exchange (BSX) last week.
Watlington waterworks Ltd. rose 26.81 percent ($2.91) to $13.95, with 2,800 shares traded, while the Ascendant Group Ltd. dropped 13.64 points ($2.45) to $15.50,...
DATE: Feb 22, 2010
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NEW YORK (Bloomberg) - Forewarned bankruptcies linked to infrastructure projects from Las Vegas to Harrisburg, Pennsylvania, may prove Warren Buffett's conclusion that insuring municipal bonds is a "dangerous business".
Ambac Financial Group Inc., th...
DATE: Feb 22, 2010
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The Island's three biggest domestic listed companies each saw millions wiped off their market value on Friday, as the Bermuda Stock Exchange Index plunged to its lowest point in nearly a decade.
Both Butterfield Bank and Argus Group Holdings plunged ...
DATE: Feb 22, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) - American International Group Inc. (AIG), the insurer rescued by the US after losses on derivatives, said about 85 percent of the trades would be retired by year-end and the unit that sold the contracts would be shuttered.
AIG's...
DATE: Feb 22, 2010
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NEW YORK (Bloomberg) - Eliot Spitzer, the former New York attorney general whose 2005 curbs on insurance-broker compensation were reversed by regulators this week, said the fees that he banned "created inherent conflicts".
Brokers Marsh & McLennan Co...
DATE: Feb 22, 2010
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ASMARA (Reuters) - Eritrea granted a mining exploration licence to Bermuda-based Sahar Minerals on Friday as the Red Sea state continues its drive towards a highly anticipated mining boom, industry officials told Reuters.
Sahar is the 16th foreign mi...
DATE: Feb 22, 2010
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When you need to raise cash, no matter what government it is; no matter what politician proposes it, the fastest way to lose a popularity contest is to be the architect of tax increases. Trust me, no one, but no one likes to pay taxes.
But, present t...
DATE: Feb 20, 2010
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People are always looking for signs that things are going to get better, or at least a reliable indicator that any misery they're experiencing will eventually end.
In winter, we turn to Punxsutawney Phil. It wasn't good news this year. Soon after the...
DATE: Feb 20, 2010
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