76294 results returned for search: "" category "Business"
LONDON - Falls in energy firms and food retailers pushed Britain's top shares 0.37 percent lower, offsetting gains in miners, as Spain's rating outlook cut added to concerns about the global economy's health. The FTSE 100 closed 19.24 points lower at...
DATE: Dec 10, 2009
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NEW YORK (Bloomberg) — Investors have little chance of extracting damage awards from executives and board members at firms that lost money betting on subprime mortgages, said the chief executive officer of XL Capital Ltd., which insures directors and...
DATE: Dec 10, 2009
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Bermuda's insurance industry is well capitalised, but its companies will face significant challenges during the current phase of the insurance cycle.
That is according to AM Best, which has published a special report on the Island's insurance market,...
DATE: Dec 10, 2009
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NEW YORK (Bloomberg) — American International Group Inc. general counsel Anastasia Kelly, who threatened to quit over government-imposed pay limits, may depart as early as this month, said three people familiar with the matter.
Kelly, 60, said in a D...
DATE: Dec 10, 2009
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LONDON (Bloomberg) — An undisclosed, Bermuda-based private investor has bought a 12-floor office building in London for £208 million ($337 million).
Songbird Estates Plc sold the building in the Canary Wharf district, which is occupied by JPMorgan Ch...
DATE: Dec 10, 2009
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Bermuda Commercial Bank Ltd. fell 33.33 percent ($2.50) on The Bermuda Stock EXchange Index (BSX) yesterday.
The bank traded 2,000 shares to close at $5.
Also in the banking sector, Butterfield Bank's common shares were up 1.25 percent (five cents) a...
DATE: Dec 10, 2009
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The number of suspicious activity reports filed has increased over the past year and the Financial Intelligence Authority has passed on several of them to the relevant authorities for further information.
Those were the findings of Attorney General K...
DATE: Dec 10, 2009
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Invest in what you know and in businesses you understand, said one of the world's most successful investors, Warren Buffett.
Over the years, each time a corporate scandal has occurred, new regulation has quickly followed. It was in the late 19th Cent...
DATE: Dec 10, 2009
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Bermuda-based specialty insurer Torus Insurance Holdings Ltd. will boost its capital by around $79 million following its amalgamation with another Island-based reinsurer Sideris Re Holdings.
Torus's parent company First Reserve Corporation owns both...
DATE: Dec 10, 2009
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Standard & Poor's has affirmed the AAAm rating on the LOM Money Market Fund Class A, a class of LOM Asset Management's flagship Money Market Fund.
The fund has been rated AAAm by Standard and Poor's since March 2001.
Money market fund ratings, identi...
DATE: Dec 10, 2009
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