76341 results returned for search: "" category "Business"
BF&M Ltd.'s first-quarter earnings plunged by 88 percent as the accounting value of conservative long-term investments fell by more than $10 million.
The insurer and pension provider recorded net earnings of $0.89 million for the first three months o...
DATE: May 29, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Catastrophe bonds, the investments that pay out as long as there are no major hurricanes or earthquakes, are staging a comeback after last year's financial collapse brought the market to a halt.
Chubb Corp. and Assurant Inc. ar...
DATE: May 29, 2009
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WASHINGTON (Reuters) - The Obama administration estimates that a General Motors Corp bankruptcy would take at least 60 to 90 days and perhaps longer to complete, a senior official said yesterday.
The official, who spoke on the condition of anonymity ...
DATE: May 29, 2009
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NEW YORK, May 28 (Reuters) - One of eight US households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers...
DATE: May 29, 2009
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NEW YORK (Bloomberg) — American International Group Inc., the insurer bailed out by the US, filed to sell a stake of almost $1 billion in its majority-owned reinsurer Transatlantic Holdings Inc.
AIG may sell 26 million shares, Transatlantic said yest...
DATE: May 29, 2009
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Accountancy firm KPMG yesterday announced it is cutting its Bermuda workforce by nine due to the impact of "the unprecedented global economic situation".
In a statement yesterday, the company said the nine accountants being released today were all no...
DATE: May 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — Bermuda-based Frontline Ltd., the world's largest operator of supertankers, said it was the first publicly traded shipping line to cancel contracts for new oil carriers and predicted a third of all orders will be delayed or cance...
DATE: May 29, 2009
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TORONTO (Reuters) - Toronto's main stock market index rallied yesterday as energy shares climbed in tandem with oil prices and financial shares gained as results from some of Canada's big banks topped market expectations.
Four banks reported results ...
DATE: May 29, 2009
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Covidien Ltd. announced that its shareholders, at a special meeting held today, have approved a transaction which will effectively change Covidien's place of incorporation from Bermuda to Ireland.
Assuming receipt of the required approval from the Su...
DATE: May 29, 2009
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CATEGORY:
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The spate of departures of Bermuda international companies to Europe is a matter of concern, but this is no time to panic.
That was the message yesterday from a business leader and a politician who believe the trend is a signal to the Island to do ev...
DATE: May 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
