76369 results returned for search: "" category "Business"
DETROIT (Bloomberg) — General Motors Corp. chief executive officer Rick Wagoner said the biggest US automaker got "what we asked for" with $9.4 billion in US loans over the next 24 days. Investors bet that it's not enough.
GM dropped as much as 18 pe...
DATE: Dec 24, 2008
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Bermuda could be set for its worst fiscal year in a generation and face a recession in 2009 due to bigger than expected job cuts and a continued fall in visitor numbers.
That is the stark prediction from Jon Heckscher, executive vice-president of LOM...
DATE: Dec 24, 2008
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LONDON (Reuters) - Britain edged closer to recession in the third quarter of this year, with the economy contracting by more than previously thought and at its sharpest rate since the early 1990s, according to official data released yesterday.
The Of...
DATE: Dec 24, 2008
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DETROIT (AP) — Ford Motor Co.'s much ballyhooed 2010 Fusion Hybrid will get 41 city miles per gallon (17.4 kpl) and 36 mpg (15.3 kpl) on highways, based on final certification figures from the US Environmental Protection Agency, the company said.
The...
DATE: Dec 24, 2008
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Bermuda's main US vehicle supplier claims the struggle and subsequent bailout of the big three US automakers has not had a big impact on his business.
Daniel Greenslade, owner of Rayclan Chevrolet, which is supplied by General Motors (GM), one of the...
DATE: Dec 24, 2008
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NEW YORK (Bloomberg) — Like some of Bernard Madoff's clients, a Florida restaurant owner was lucky enough to withdraw part of his investment before the money manager allegedly confessed to a $50 billion Ponzi scheme. Now he's worried he might be aske...
DATE: Dec 24, 2008
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NEW YORK (AP) — Just as they did at the start of the season, more of the nation's stores are pulling marathon hours in the holiday season's finale. But with hardly the crowds at 4 a.m. as there are at 4 p.m., are the extended hours worth it?
Experts ...
DATE: Dec 24, 2008
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Majority shareholder and chairman of Bermuda Broadcasting Co. Ltd. (BBC) and Devonshire Properties Ltd. (DPL) Fernance Perry is seeking to buy the two companies outright, The Royal Gazette can reveal.
Mr. Perry wrote to shareholders in a letter, whic...
DATE: Dec 24, 2008
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It is going to be a tough year coming up for those in the IT sector, according to a report released this week by the OECD.
The IT sector is likely to have grown by four percent at most in 2008 compared to the previous year, but that growth is expecte...
DATE: Dec 24, 2008
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NEW YORK (Bloomberg) — American International Group Inc.'s first sale of an entire insurance unit since its $150 billion bailout signals the company's current divestiture plan may not raise enough money to settle its debts with the US government.
AIG...
DATE: Dec 24, 2008
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