76358 results returned for search: "" category "Business"
Bermuda-based financial guarantor Primus Guaranty Ltd. yesterday announced a net loss of $918.5 million for the fourth quarter, citing turmoil in the credit markets.
The company, which provides around $22.5 billion in credit protection for clients, h...
DATE: Feb 05, 2009
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - The pace of contraction in Britain's giant services sector eased last month but soaring job losses and crumbling consumer confidence kept intact expectations of another interest rate cut this week.
The Bank of England has already s...
DATE: Feb 05, 2009
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NEW YORK (Reuters) - About $946 million has been recovered so far from the firm of accused swindler Bernard Madoff, the trustee overseeing the firm's liquidation said in court yesterday.
"It is our intention to designate those funds as customer prope...
DATE: Feb 05, 2009
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TORONTO (Bloomberg) - Canadian stocks gained for a second day as a rally in gold shares outweighed a decline in banks and insurers, after prices for bullion advanced on demand for the precious metal during the global economic slowdown.
Barrick Gold C...
DATE: Feb 05, 2009
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It proved to be a day of losses on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with no fewer than four companies seeing their share prices decline.
Insurance was the hardest hit sector, as BF&M Ltd. and Argus Group Holdings Ltd. d...
DATE: Feb 05, 2009
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Torus Insurance has announced that it is offering up to $50 million excess liability capacity which can be accessed through its new Bermuda office.
Commenting on the announcement, David Perez, Torus' president and chief underwriting officer - Global ...
DATE: Feb 05, 2009
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NEW YORK (Bloomberg) — Shares of business insurer Ace Ltd. rose two percent yesterday after chief executive officer Evan Greenberg said the firm will grow amid an economic slowdown that is weakening rivals.
Ace climbed 87 cents, or XX percent, to $43...
DATE: Feb 05, 2009
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NEW YORK (AP) - Wall Street is now worrying about the companies usually seen as safe havens.
After an early rally yesterday, investors succumbed to concerns about disappointing earnings and the market ended the day with a loss. Falling consumer stock...
DATE: Feb 05, 2009
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Aberfeldy Nurseries Ltd. has been bought by businessman and owner of Bermuda General Agency and The Phoenix Stores, Wendell Brown.
In an exclusive interview with The Royal Gazette, previous owner J.C. (Kit) Astwood revealed that the deal was signed a...
DATE: Feb 05, 2009
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WASHINGTON (Bloomberg) — A Senate committee is investigating whether multinational companies abused a tax break in 2004 that gave them an 85 percent discount on profits made overseas and brought back to the US.
The Senate Permanent Subcommittee on In...
DATE: Feb 05, 2009
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