76342 results returned for search: "" category "Business"
Bermuda Commercial Bank Ltd. (BCB) saw its profits plunge by $3.71 million over the past six months and cut its semi-annual dividend to zero.
The bank reported net income of $680,000 for March 31, 2009 compared to $4.39 million at the end of March 20...
DATE: May 13, 2009
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ATLANTA (AP) - When you're surfing the web, editing photos, listening to MP3s and tweeting, it's easy to run out of real estate on your computer display. If only you had a little extra screen - like a digital kid brother - that could show an auxiliar...
DATE: May 13, 2009
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NEW YORK (AP) - Investors are finding it hard to extend Wall Street's two-month rally.
Stocks ended mixed but well off their lows yesterday as early concerns about a barrage of stock offerings eased and as rising oil prices lifted energy stocks. The ...
DATE: May 13, 2009
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The Bermuda insurance sector has dodged a potential bullet from the US with the news that President Barack Obama did not include the tax code change that many on the Island had feared in his plans to clamp down on offshore tax avoidance.
When he reve...
DATE: May 13, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Nordic American Tanker Shipping Ltd. said it will publicly offer 3.5 million common shares to fund further acquisitions.
The offering is expected to close on May 18, with the underwriters having a 30-day option to purchase up to 525,000...
DATE: May 13, 2009
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WASHINGTON (AP) — Mortgage giant Freddie Mac is looking for $6.1 billion in additional government aid as the cost to taxpayers from the housing market bust keeps growing.
The McLean, Virginia-based company, seized by federal regulators in September, ...
DATE: May 13, 2009
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NEW YORK (Bloomberg) — MBIA Inc. chief executive officer Jay Brown said the largest bond insurer may be able to unwind much of its credit losses because the debt it agreed to back didn't meet contractual promises.
About 66 percent to 80 percent of th...
DATE: May 13, 2009
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LONDON (Reuters) - E.ON UK, Dong Energy and Masdar have agreed to push ahead with the London Array wind farm, giving a boost to the UK plan to build up massive offshore wind farms to meet its carbon reduction target.
Frank Mastiaux, chief executive o...
DATE: May 13, 2009
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NEW YORK (Bloomberg) — Bermuda-based Primus Guaranty Ltd. agreed to buy CypressTree Investment Management LLP, which manages $2.4 billion of leveraged loans.
Primus, led by chief executive officer Thomas Jasper, will manage a total of $25 billion in ...
DATE: May 13, 2009
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LONDON (AP) — Economic data raised hopes yesterday that the worst of the recession could be over in Britain, showing a jump in retail sales, a strong rise in new homebuyer inquiries and a slowing rate of decline in manufacturing output.
The flurry of...
DATE: May 13, 2009
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