76354 results returned for search: "" category "Business"
NEW YORK (AP) - Bermuda-based oil and gas drilling company Nabors Industries Ltd. said it lost almost $84 million because of charges related to bad hedges, but its operating profit beat analyst expectations.
The company said the loss of 30 cents per ...
DATE: Feb 26, 2009
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NEW YORK (AP) — Wall Street showed a little resilience as investors got answers to some of their questions about banks.
The major indexes closed down about one percent yesterday but recovered from much steeper losses early in the day, continuing the ...
DATE: Feb 26, 2009
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Butterfield Bank shares plunged another five percent yesterday to continue the bank's dismal year on The Royal Gazette / Bermuda Stock Exchange.
Butterfield fell 40 cents to $7.50, as 9.954 shares traded. The bank has lost 28.2 percent of its market ...
DATE: Feb 26, 2009
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LONDON (Reuters) - Beyond store closures, shortened factory hours and longer lines of job-seekers in Britain is a reality that doesn't make front pages: a significant number of people are doing well out of efforts to stimulate the economy.
Falling pr...
DATE: Feb 26, 2009
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NEW YORK (Bloomberg) — Bermuda-based MF Global Ltd. started a cash tender offer to purchase its $210 million outstanding nine percent convertible senior notes due 2038.
The company offered $620 per $1,000 of the principal amount of the notes, it said...
DATE: Feb 26, 2009
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NEW YORK (Bloomberg) — Bermuda-based Assured Guaranty Ltd., the bond insurer backed by billionaire Wilbur Ross, posted a fourth-quarter net loss as it boosted reserves for souring mortgages.
The net loss narrowed to $243.8 million, or $2.68 a share, ...
DATE: Feb 26, 2009
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Bermuda-based Maiden Holdings, Ltd. last night said net income almost doubled to $20 million in the fourth quarter compared to the same period the previous year.
The reinsurer, which has been listed on the Nasdaq stock exchange since May last year, r...
DATE: Feb 26, 2009
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AUTHOR:
Jonathan Kent
PRAGUE (Bloomberg) — Bermuda-based Central European Media Enterprises Ltd., the operator of television stations in seven eastern European countries, reported a fourth-quarter loss after charges for its businesses in Bulgaria and Ukraine.
The net loss...
DATE: Feb 26, 2009
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NEW YORK (Reuters) - American International Group Inc may scrap a plan to repay a $60 billion US government loan by selling businesses, after failing to find enough promising bidders, Bloomberg said, citing people with knowledge of the matter.
AIG ch...
DATE: Feb 26, 2009
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The Association of Bermuda International Companies (ABIC) has given its backing to Finance Minister Paula Cox's Budget plans.
In a statement yesterday, ABIC chairman David Ezekiel said the organisation supported the Budget, "both in its tone and cont...
DATE: Feb 26, 2009
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