76354 results returned for search: "" category "Business"
Oil exploration machinery company Weatherford International Ltd. announced that it has completed its redomestication from Bermuda to Switzerland.
The company announced its intention to move its domicile in December.
Weatherford joins a group includin...
DATE: Feb 27, 2009
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DETROIT (AP) — For General Motors Corp. nothing has stopped the bleeding. Not cutting 50,000 jobs in the US. Not closing 11 factories. Not $13.4 billion in government loans.
The teetering company, once the symbol of American industrial might, reveale...
DATE: Feb 27, 2009
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WILLEMSTAD, Curacao (AP) — Allen Stanford's alleged offshore investment fraud snared dozens of people in Curacao and elsewhere in the Dutch Caribbean, a law firm said yesterday.
At least 50 people have registered with the HBN Law seeking help to reco...
DATE: Feb 27, 2009
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Shares of Bermuda-based Northern Offshore yesterday plunged 10 percent after the company announced a profit of $16.6 million for the fourth quarter.
On the same day the operator of oil and gas drilling vessels suffered a 10 percent drop in share valu...
DATE: Feb 27, 2009
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LONDON (Bloomberg) — Golden Ocean Group Ltd., billionaire John Fredriksen's commodity-shipping line, slid the most since 2004 in Oslo trading after saying its cash probably will run out next month. Frontline Ltd., his oil shipper, also fell. Both com...
DATE: Feb 27, 2009
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Many people who have taken their jewellery into Solomon's Fine Jewellers for repairs over the past 33 years have apparently never bothered to pick it up - and the store is asking clients to collect those items by today.
The Front Street store is set ...
DATE: Feb 27, 2009
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - The government has asked former Royal Bank of Scotland chief executive Fred Goodwin to forego his annual pension of £650,000 ($992,000), Chancellor Alistair Darling said yesterday.
RBS reported a loss of £24.1 billion for 2008 yest...
DATE: Feb 27, 2009
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WASHINGTON (Reuters) - US banking regulators yesterday launched a "stress test" programme to assess the largest banks' ability cope with the possibility of a deeper recession in which the unemployment rate climbs above 10 percent next year.
The stres...
DATE: Feb 26, 2009
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Bermuda borrowers have not reaped the benefits of falling interest rates in the US to the same extent that they have done in the past, according to the Ministry of Finance.
In its National Economic Report of Bermuda 2008, the Ministry illustrates how...
DATE: Feb 26, 2009
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AUTHOR:
Jonathan Kent
LONDON (AP) — Barratt Developments PLC, Britain's second-biggest house builder by volume, yesterday reported a half-year loss of more than £400 million as it took a massive hit on the value of its land and work in progress amid a depressed property m...
DATE: Feb 26, 2009
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