76342 results returned for search: "" category "Business"
The Bermuda Government's estimates of economic growth achieved last year are "too optimistic", according to a report by top analysts.
The Economic Intelligence Unit (EIU) said it had lowered its 2008 growth forecast for the Island from 2.4 percent to...
DATE: May 15, 2009
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The deadline is looming for Bermuda's exempt companies and hedge funds to register or face a fine and/or imprisonment of their owners as the Bermuda Monetary Authority (BMA) tightens up its regulation of funds Island-wide in the wake of the Madoff sc...
DATE: May 14, 2009
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LONDON (AP) — J Sainsbury PLC, Britain's third-largest grocer, said yesterday that full-year profit fell 12 percent despite a solid increase in sales as the company booked a sizeable one-off loss for the revaluation of stores it part-owns.
For the ye...
DATE: May 14, 2009
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SAN FRANCISCO (AP) — Intel Corp. was fined a record $1.45 billion by the European Union yesterday for using strong-arm sales tactics in the computer chip market — a penalty that could turn up the pressure on US regulators to go after the company, too...
DATE: May 14, 2009
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LONDON (Reuters) - The Bank of England said yesterday it expected a slower recovery than it had forecast previously with inflation remaining well below target, suggesting monetary policy will stay loose for some time.
The BoE stressed a high level of...
DATE: May 14, 2009
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Travel website YourTravelBiz.com International (YTB), which signed up 700 Bermudians, has suffered a setback after two of its board members quit and it posted a first-quarter loss.
The Alton, Illinois Telegraph revealed that Dr. Timothy Kaiser decide...
DATE: May 14, 2009
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Belco Holdings Ltd. slipped 15 cents (0.93 percent) to $15.85 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The utilities company traded 200 shares throughout the day.
Argus Group holdings Ltd. also fell five cents (0.71 percent)...
DATE: May 14, 2009
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LONDON (Reuters) - Bermuda-based Nordic American Tanker Shipping Ltd. said a public offering of 4 million common shares was priced at $32 a share, an 11 percent discount to the stock's Tuesday close.
The offering is expected to close on May 18 and th...
DATE: May 14, 2009
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Montpelier Re Holdings Ltd. has announced that its Montpelier Syndicate 5151 will begin underwriting marine insurance business in August 2009.
The new marine account will consist of hull, cargo and specie classes.
Mike Southgate, who will join the s...
DATE: May 14, 2009
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WASHINGTON (AP) — The government-installed head of AIG told Congress yesterday the insurance giant is making progress toward repaying US taxpayers by selling many of its foreign assets, but lawmakers questioned whether the plan makes sense and demand...
DATE: May 14, 2009
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