76342 results returned for search: "" category "Business"
RAM Holdings Ltd. (Pink Sheets:RAMR) responded today to Moody's Investors Service (Moody's) ratings action. Moody's downgraded to Ba3, from Baa3, the insurance financial strength rating of RAM Reinsurance Company Ltd. (RAM Re). In the same rating act...
DATE: May 21, 2009
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Butterfield Bank's recovery is contingent on retaining clients and deposits in a low-interest environment that is dampening its earnings.
That is the view of experts from Bermuda Investment Advisory Services Ltd. (BIAS), who also told investors at th...
DATE: May 21, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — American International Group Inc. is doing a "great job" of masking its identity from Japanese insurance consumers who might otherwise steer clear of the company, Aflac Inc. chief executive officer Daniel Amos said.
"There is n...
DATE: May 21, 2009
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WASHINGTON (AP) — Declaring that the US financial system was "starting to heal," Treasury Secretary Timothy Geithner said yesterday that major banks had raised $56 billion since stress tests showed several in need of more capital — a sign of emerging...
DATE: May 21, 2009
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NEW YORK (Bloomberg) — Target Corp., the second-largest US discount retailer, said first-quarter profit declined less than analysts estimated after it limited markdowns and controlled expenses.
Net income fell 13 percent to $522 million, or 69 cents ...
DATE: May 21, 2009
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Ace Ltd. announced yesterday named Brian Dowd as its vice-chairman.
Mr. Dowd is the insurer's chief executive officer, insurance - North America.
In addition to his current responsibilities, which encompass Ace's property and casualty insurance opera...
DATE: May 21, 2009
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Commuters and tourists have provided the bulk of customers for a new café that opened a week ago alongside the Hamilton ferry terminal.
Dangelini's, at 8 Front Street, adjoins the Visitor Information Centre and offers light food and refreshments, in...
DATE: May 21, 2009
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AUTHOR:
Jonathan Kent
Bermuda has a long way to go to catch up with the Internet speed and value offered in other developed countries, according to the Computer Society of Bermuda (CSB).
But with the three high-capacity telecommunications cables now serving the Island, th...
DATE: May 21, 2009
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AUTHOR:
Jonathan Kent
WASHINGTON (Bloomberg) — Treasury Secretary Timothy Geithner said American International Group Inc. still poses a risk to the US financial system and cannot be allowed to default.
"I do not believe that the system today can withstand the effects of a...
DATE: May 21, 2009
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Dutch authorities investigating the business dealings of Bermuda resident John Deuss have applied to a US court to seek more information - in particular about transactions with a value of almost $138 million from the millionaire businessman's Netherl...
DATE: May 21, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
