76374 results returned for search: "" category "Business"
Credit Suisse yesterday cut its share price target on Bermuda-based business insurer XL Capital Ltd. to $4 from $21.
The decision came the day after Bloomberg reported that the company was seeking a buyer.
Credit Suisse said in yesterday's research n...
DATE: Dec 12, 2008
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AUTHOR:
Jonathan Kent
Anti-money laundering (AML) and counter financing of terrorism were top of the agenda for Government at an executive briefing held at Elbow Beach Hotel yesterday.
Kim Wilson, Attorney General and Minister of Justice, gave delegates an update on chang...
DATE: Dec 12, 2008
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PartnerRe chief executive officer Patrick Thiele and his wife Jane have bought a Minnesota property for $1.8 million from movie star Jessica Lange.
A report on the Associated Press wire yesterday said the Washington County Assessor's Office, had conf...
DATE: Dec 12, 2008
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LONDON (AP) — Britain's biggest retailer, Tesco PLC, announced price cuts of 50 percent. Former household favourite Woolworths PLC began a closing-down sale. Music retailer HMV reported a sizable first-half net loss.
Yesterday's poor earnings results...
DATE: Dec 12, 2008
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The Coco Reef Resort is offering visitors a little something to help get over the current financial crisis and to suit all wallets - the 'Credit Crunch Lunch'.
The Paget-based resort announced yesterday it would be offering 1980's pricing during lunc...
DATE: Dec 12, 2008
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MOSCOW (Bloomberg) — President Dmitry Medvedev said Russia may join the Organisation of Petroleum Exporting Countries and reduce output to support the oil price.
Medvedev said Russia must defend its economy, which is based largely on energy exports.
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DATE: Dec 12, 2008
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Bermuda's biggest drinks manufacturer and distributor John Barritt & Son Ltd. has announced it will now import Coca-Cola and other soft drinks from overseas, rather than bottling them locally, to cut costs.
The beverage company, which has bottled sof...
DATE: Dec 12, 2008
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BEIJING (Bloomberg) — China's insurance regulator ordered China Life Insurance (Group) Co. and its four state-owned peers to refrain from paying senior executives excessive compensation.
The companies should suspend stock incentives and "strictly" ab...
DATE: Dec 12, 2008
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Insurance proved to be the busiest sector on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with Argus Group (Holdings) Ltd. boosting its share price, but BF&M Ltd. seeing its value decline.
Argus closed up 15 cents (1.51 percent) at...
DATE: Dec 12, 2008
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Devonshire Industries Ltd. saw its profits fall 1.32 percent to $286,326 for the six months ending September 30, 2008 from $290,170 for the same period last year.
The paints manufacturer and owner of the Bermuda Paint Company reported a 4.79 percent ...
DATE: Dec 12, 2008
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