76370 results returned for search: "" category "Business"
It proved to be a quiet day on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with only 48 shares being traded.
Butterfield Bank was the only trader, but its share price held firm, as the Index opened and closed at 3,429.31 with no m...
DATE: Dec 19, 2008
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NEW YORK (Reuters) - US crude prices dropped more than nine percent to $36 a barrel yesterday as slumping demand and swelling US inventories offset Opec's record supply cut agreement.
The Organisation of the Petroleum Exporting Countries on Wednesday...
DATE: Dec 19, 2008
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LONDON (Reuters) - Woolworths, a bastion of the British high street that sold everything from sweets to toasters, will close by January 5 with the loss of 27,000 jobs unless a last-minute buyer can be found.
It would be the first big name business in...
DATE: Dec 19, 2008
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Torus Insurance Holdings (Bermuda) Ltd. is set to take over the renewal rights of New Castle Re contracts, signalling the continued withdrawal of Citadel Investment Group (CIG) from Bermuda's reinsurance market in the face of increasing pressure on i...
DATE: Dec 19, 2008
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XL Insurance, Bermuda-based XL Capital Ltd.'s global insurance operation, yesterday announced the opening of its new regional office in Atlanta, Georgia.
Located in the Buckhead District at 3525 Piedmont Road, 7 Piedmont Center, the new office will p...
DATE: Dec 19, 2008
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LONDON (Bloomberg) — UK mortgage lending fell an annual 51 percent in November, and next year borrowers will pay off more of their debt than banks lend out for the first time in at least four decades, the Council of Mortgage Lenders said. Banks loane...
DATE: Dec 19, 2008
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NEW YORK (AP) - Wall Street extended its losses yesterday, as a negative ratings outlook on financial and industrial powerhouse General Electric Co. (GE) shook an already fragile investor psyche and sent stocks tumbling.
After moving within a narrow ...
DATE: Dec 19, 2008
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NEW YORK (Reuters) - Insurer Ace Ltd. said yesterday it expects to earn between $7.25 and $8.25 per share next year, the midpoint of which is below the average expected by analysts.
The company also expects $415 million in pre-tax catastrophe losses,...
DATE: Dec 19, 2008
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MIAMI (AP) — Homebuilder Lennar Corp. trimmed its losses in the fourth quarter, but predicted more grim financial results ahead.
Like many homebuilders, Lennar has struggled through what chief executive Stuart Miller described yesterday as: "The most...
DATE: Dec 19, 2008
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WASHINGTON (AP) — The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing US auto industry.
White House press secretary Dana Perino said yesterday: "There's an orderly way to do bankruptci...
DATE: Dec 19, 2008
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