76379 results returned for search: "" category "Business"
XL Capital Ltd. and American International Group were both downgraded by stock analysts on Friday — but the two insurers received very different responses from the market.
Bermuda-based XL was downgraded from "buy" to "neutral" by Banc of America Sec...
DATE: Nov 03, 2008
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AUTHOR:
Jonathan Kent
Utilities stocks had a hard week of trading on the Royal Gazette/Bermuda Stock Exchange with Belco, KeyTech and Watlington Waterworks all dropping on the week.
KeyTech was hardest hit, falling to $9.50 a share — a new 52-week low — with a 19.83 perce...
DATE: Nov 03, 2008
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Bermuda-based industrial giant Foster Wheeler has won a contract to manage a project to establish a new oil refinery in Libya.
The company announced last week that its Milan-based subsidiary Foster Wheeler Italiana S.p.A. was awarded the contract by ...
DATE: Nov 03, 2008
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NEW YORK (Bloomberg) — Bermuda- based MF Global Ltd., the derivatives broker whose chief executive officer quit last week, rebuffed a partnership offer by Interactive Brokers Group Inc., saying it didn't fit with the company's future plans.
Interacti...
DATE: Nov 03, 2008
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NEW YORK (Reuters) — Maurice "Hank" Greenberg, the former American International Group Inc chief executive, says the terms and conditions surrounding a US government rescue loan are pushing the insurer closer to collapse with each day.
"Time is clear...
DATE: Nov 03, 2008
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Bermuda-based Dockwise Ltd. is weathering the current financial crisis well, according to shipping industry publication BYM Marine & Maritime News.
The company has announced five near-term contracts worth $40 million awarded to its subsidiaries, Dock...
DATE: Nov 03, 2008
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NEW YORK (AP) — Here's something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone.
They are still plenty rich, ...
DATE: Nov 03, 2008
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The news flow in America, Europe and Japan is dominated by talk about recession and government action to counter its severity. All indications are that the downturn will be sharp, particularly in those countries such as the US and Britain that had th...
DATE: Nov 03, 2008
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The Royal Gazette/Bermuda Stock Exchange closed down 25.93 points yesterday with West Hamilton Holdings and Argus Group each registering 9.09 percent drops.
Argus shares fell $1 to close at $10 after 12,300 were traded. West Hamilton Holdings share f...
DATE: Nov 01, 2008
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A friend left a voice message for me last week. She said, as the financial meltdown continued all around us: "I just want to you to know how glad I am that we took those cruises, that we bought all those books and that, generally, we didn't go along ...
DATE: Nov 01, 2008
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