76339 results returned for search: "" category "Business"
Bermuda-based Maiden Insurance Co. Ltd. and Maiden Reinsurance Co. have been affirmed the financial strength rating (FSR) of A- (excellent) and issuer credit ratings (ICR) of "a-" by AM Best Co.
Concurrently, Best has affirmed the ICR of "bbb-" of th...
DATE: Jun 16, 2009
|
CATEGORY:
Other
|
TORONTO (Reuters) - Toronto's main stock index closed lower Monday as falling commodity prices sent the resource-heavy index into a broad-based retreat that nearly wiped out all the gains made over the past two weeks.
The weighty energy sector posted...
DATE: Jun 16, 2009
|
CATEGORY:
Other
|
LONDON (AP) — Virgin Media, the cable TV operator owned by entrepreneur Richard Branson, launched a new kind of music download subscription service yesterday with Universal, the world's largest music company.
The service, described by the companies a...
DATE: Jun 16, 2009
|
CATEGORY:
Other
|
WASHINGTON (AP) — The value of loans held by the 21 largest institutions getting support from the government's $700 billion bailout fund fell in April, the fifth decline in six months.
The Treasury Department's monthly report of lending activity yest...
DATE: Jun 16, 2009
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Victims of Bernard Madoff's record-setting Ponzi scheme described him as a "monster" and "serial criminal" who deserves "no hope" and "no forgiveness" in 113 letters sent to the judge who will sentence him on June 29.
Federal p...
DATE: Jun 16, 2009
|
CATEGORY:
Other
|
NEW YORK (AP) — Bad economic news and doubts about the market's ability to rally dealt stocks a huge setback.
The Dow Jones industrials fell 187 points yesterday, their biggest drop since April 20. All the major market indexes fell more than two perc...
DATE: Jun 16, 2009
|
CATEGORY:
Other
|
Local stocks fell slightly last week on slight declines by Butterfield Bank and LOM (Holdings) Ltd.
The Royal Gazette / Bermuda Stock Exchange closed Friday on 2,361.95, a fall of 9.32 points, or 0.4 percent, over the five trading days.
Butterfield, ...
DATE: Jun 16, 2009
|
CATEGORY:
Other
|
Just nine days after opening its $200 million preference share issuance, Butterfield Bank has stopped taking applications from prospective investors.
On Friday the bank also confirmed that investors in the preferred stock would get a return of exactl...
DATE: Jun 16, 2009
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Understanding our economy: today we are introducing a new series featured once a month on the workings of the Bermuda economy. We know that we in Bermuda, along with the rest of the world, are facing a recession, or so we are told, by the media and g...
DATE: Jun 13, 2009
|
CATEGORY:
Other
|
Perhaps the US economy is on to a new phase. The general consensus is that we've hit bottom and recovery will start before 2010 does.
Stocks are up almost 40 percent from March lows, demonstrating to disappointed investors that it takes way more than...
DATE: Jun 13, 2009
|
CATEGORY:
Other
|
