76339 results returned for search: "" category "Business"
A number of long-term LOM (Holdings) Ltd. shareholders have sold a total of 50,000 shares in the company at $3.50 per share.
The transaction was made by the company as an agent for LOM Securities (Bermuda) Ltd. and LOM Securities (Bahamas) Ltd., with...
DATE: Jun 26, 2009
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WASHINGTON (AP) — Federal Reserve chairman Ben Bernanke told Congress yesterday he didn't pressure Bank of America into acquiring Merrill Lynch in a deal that ultimately cost taxpayers $20 billion.
Bernanke told a House committee investigating the ma...
DATE: Jun 26, 2009
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Owners and leaders of medium-sized businesses have been handed a boost in the wake of the economic downturn after the Bermuda Small Business Development Corporation (BSBDC) yesterday launched a survey to find out their needs and offer assistance.
The...
DATE: Jun 25, 2009
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LONDON (Reuters) - Online spending will rescue Britain's retail sector from recession, with sales over the Internet set to more than double to 21.3 billion pounds ($35.1 billion) by the end of 2011, a report said yesterday.
The study, by market resea...
DATE: Jun 25, 2009
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LONDON (Reuters) - Economic recovery could still be a "long, hard slog" despite encouraging recent data, Bank of England Governor Mervyn King said on yesterday, in a sign that the central bank is in no hurry to tighten policy.
His cautious remarks to...
DATE: Jun 25, 2009
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Banking was the busiest sector on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with no fewer than three banks seeing their share price change.
Butterfield Bank led the way, with the launch of its new preference shares, which increa...
DATE: Jun 25, 2009
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Argo Re Ltd. and its US subsidiaries have been affirmed the financial strength rating of A (excellent) and issuer credit ratings (ICR) of "a". Best has also affirmed the ICR of "bbb" of the parent holding company, Argo Group International Holdings Lt...
DATE: Jun 25, 2009
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NEW YORK (AP) - The Federal Reserve did not surprise investors but still left them disappointed.
Stocks ended mixed but mostly higher after the Fed said the economy was on the mend. However, bond prices fell after the Fed said it would not step up it...
DATE: Jun 25, 2009
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Bermuda-based captive insurance companies covering risks in the European Union will not be directly impacted by new EU insurance regulations, delegates at an industry conference heard yesterday.
But when the new rules — known as Solvency II — are int...
DATE: Jun 25, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — A former director at American International Group Inc. contradicted key testimony of former chief executive officer Maurice (Hank) Greenberg at a civil trial over whether his private company looted $4.3 billion.
AIG, once the w...
DATE: Jun 25, 2009
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