76361 results returned for search: "" category "Business"
LONDON (Reuters) - Britain unveiled plans to provide universal broadband access yesterday as it believes the £50 billion digital industry will help the country move out of recession.
A report by Communications minister Lord Carter said Britain would ...
DATE: Jan 30, 2009
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NEW YORK (Bloomberg) — Arch Capital Group Ltd., a Bermuda-based insurer, said fourth-quarter operating profit probably dropped after the company increased its loss estimate for Hurricane Ike.
Operating profit in the period was $75 million to $90 mill...
DATE: Jan 30, 2009
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Hamilton's new office space is set to expand even further with Magnolia Towers the latest development to join the growing list of construction projects.
The development, which will be built on the site of the now demolished 15 Parliament Street build...
DATE: Jan 30, 2009
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NEW YORK (Reuters) - US stocks tumbled yesterday, derailing a four-day surge in the S&P and Nasdaq as poor earnings coupled with a fresh wave of bleak labour market and housing data heightened fears of a deep recession.
A day after financials propell...
DATE: Jan 30, 2009
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Bermuda Stock Exchange (BSX)-listed Fabian Romania Ltd. has sold out to Black Sea Global Properties Ltd. (BSGP) after accepting an offer for its shares from the Bulgaria real estate company.
Last month, BSGP made a recommended cash offer for the enti...
DATE: Jan 30, 2009
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LONDON (Bloomberg) — Spanish police arrested six people tied to a $600 million fraud committed at Langbar International Ltd., a Bermuda-based investment company that has been under investigation in the UK since 2005.
The arrests followed a request by...
DATE: Jan 30, 2009
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NEW YORK (Bloomberg) — Royal Caribbean Cruises Ltd., the world's second-largest cruise operator, said fourth-quarter profit plunged 98 percent because of a demand slump and projected 2009 earnings below analysts' estimates.
Net income dropped to $1.4...
DATE: Jan 30, 2009
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Former RenaissanceRe chief executive officer James Stanard has been fined $100,000 by a New York civil court for his part in an alleged "sham transaction" to smooth company earnings.
Judge Gerard Lynch, of the United States District Court for the Sou...
DATE: Jan 30, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Renaissance Reinsurance Ltd. (RenRe) and Renaissance Reinsurance of Europe (Dublin, Ireland) have been affirmed the financial strength rating (FSR) of A+ (superior) and issuer credit ratings (ICR) of "aa-" by AM Best Co.
Best has also a...
DATE: Jan 30, 2009
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LONDON (AP) — Several hundred people protested yesterday after Italian and Portuguese workers arrived at a refinery project in northern England.
About 800 people demonstrated peacefully near Total's Lindsey Oil Refinery in North Killinghome, in Linco...
DATE: Jan 30, 2009
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