76294 results returned for search: "" category "Business"
LONDON (AP) — Cadbury PLC said Monday it plans to publish its formal response to a £9.8 billion ($16.3 billion) hostile takeover offer from Kraft Foods Inc. on December 14.
Kraft, the maker of Oreo cookies, Nabisco crackers and its namesake cheese, t...
DATE: Dec 08, 2009
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NEW YORK (Bloomberg) - The liquidator for Bernard Madoff's business told a judge he discovered two investment funds in Ireland that directed money to the fraud and received more than $380 million in fake profit.
Trustee Irving Picard, hired to track ...
DATE: Dec 07, 2009
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NEW YORK (Bloomberg) — The dollar posted its biggest gain since February 1999 against the yen as a better-than-forecast non-farm payrolls report encouraged traders to boost bets on Federal Reserve interest rate increases.
The yen fell this week again...
DATE: Dec 07, 2009
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CALGARY, Alberta (Reuters) - Baytex Energy Trust's surprise distribution hike won't be matched by most Canadian energy trusts, as they ready their balance sheets for pending corporate conversions and cope with depressed natural gas prices.
Baytex del...
DATE: Dec 07, 2009
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NEW YORK (Reuters) - AIG is soliciting bids for International Lease Finance Corp after a group led by the unit's chief offered to buy a small portion of the aircraft lessor's fleet, according to sources familiar with the matter.
American Internationa...
DATE: Dec 07, 2009
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Shopping in Bermuda can be cheaper than bringing in goods from overseas — and the Gibbons Company Ltd. has the figures to prove it.
The price comparison, which was drawn up by Gibbons CEO Paula Clarke to show the value of buying items on Island, reve...
DATE: Dec 07, 2009
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NEW YORK (Bloomberg) - Primus Guaranty Ltd., the Bermuda-based company that sold banks credit-default swaps protecting almost $20 billion of debt, may have to pay $35 million on contracts that insured against a default by Financial Guaranty Insurance...
DATE: Dec 07, 2009
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Seven companies saw trading action on the Bermuda Stock Exchange (BSX) last week, but only two changed value.
Ascendant Group Ltd., owner of power company Belco, climbed 25 cents, or 1.7 percent, to close on $15.25 on the trading of 500 shares.
Bermu...
DATE: Dec 07, 2009
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new york (Bloomberg) — Treasury Secretary Timothy Geithner, throwing cold water on a plan by congressional Democrats to tax financial transactions, said banks and other market participants would find ways to circumvent the expense.
"I have not seen t...
DATE: Dec 07, 2009
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WASHINGTON (Bloomberg) — House Democrats will propose more than doubling taxes on money managers at private-equity and venture capital firms to pay for the renewal of 45 tax breaks due to expire soon, a Democratic aide said.
Matthew Beck, a spokesman...
DATE: Dec 07, 2009
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