76379 results returned for search: "" category "Business"
NEW YORK (AP) — Blackstone Group LP, one of the world's largest private-equity funds, reported yesterday a steep third-quarter loss as the financial crisis lowered the value of its investments.
The buyout shop, which makes its money buying distressed...
DATE: Nov 07, 2008
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It sounds like a match made in heaven — a groundbreaking and mutually beneficial partnership between the AME Church and Capital G Bank.
Thousands of AME members on the Island are being encouraged to join a new scheme and switch their financial affair...
DATE: Nov 07, 2008
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AUTHOR:
Sam Strangeways
Bermuda-based financial guarantor Assured Guaranty Ltd. posted a third-quarter loss after a decline in the value of insured securities backed by home loans.
The net loss narrowed to $63.3 million, or 70 cents a share, from $115 million, or $1.70 cent...
DATE: Nov 07, 2008
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Bermuda Aviation Services Ltd.'s share price soared 75 cents (14.28 percent) to $6 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The transportation company traded 962 shares throughout the day.
But Butterfield Bank fell five cent...
DATE: Nov 07, 2008
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ZURICH (Reuters) - The Swiss National Bank cut interest rates for the second time within a month yesterday to stem the rise in the Swiss franc and to revive the country's slowing economy, which it sees heading into recession.
The SNB said it had lowe...
DATE: Nov 07, 2008
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BOSTON (Reuters) - Fidelity Investments, the world's biggest mutual fund company, plans to cut 2.9 percent of its staff, or about 1,288 jobs, this month, followed by more lay-offs in the first three months of 2009, it said yesterday.
Beset by a slide...
DATE: Nov 07, 2008
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NEW YORK (Bloomberg) — Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, plunged in New York trading after saying it may default on debt and face bankruptcy.
The casino owner, which had $8.8 billion in long-term debt at the end of ...
DATE: Nov 07, 2008
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Bermuda-based Castlepoint Holdings Ltd. posted a net loss of $13.2 million in the third quarter of 2008 due mainly to exposure to Fannie Mae and Freddie Mac and Lehman Brothers Holdings Inc. investments and following its merger with Tower Group Inc.
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DATE: Nov 07, 2008
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Barack Obama's election as US president could bring an indirect boost to Bermuda business — if the Island's governing party embraces the message of inclusiveness that propelled the Democratic candidate to a resounding victory this week.
That is the v...
DATE: Nov 07, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based Compensation Risk Managers (CRM) Holdings Ltd. suffered a $2.9 million net loss during the third quarter of 2008, mainly as a result of exposure to Lehman Brothers securities.
CRM, which provides a range of products and services for the...
DATE: Nov 06, 2008
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