76379 results returned for search: "" category "Business"
NEW YORK (AP) - Plastic used to be the sexy material of the future. Now, it's the cheap, ugly material of the past.
Just look at the effort Apple Inc. put into getting rid of plastic when designing its new $1,300 MacBook laptops, which went on sale l...
DATE: Oct 29, 2008
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The US Federal Reserve's expected cut on interest rates today can only be a good thing for Bermuda and other global economies, according to a pair of top economists.
Peter Kotsopoulos, executive vice-president and senior portfolio manager for fixed i...
DATE: Oct 29, 2008
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Butterfield Bank has reported a third-quarter profit of $80.5 million in results bolstered by the sale of its fund services businesses, which resulted in a $115.5 million extraordinary gain.
The bank said the third quarter of 2008 was its highest on ...
DATE: Oct 29, 2008
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The global economic slowdown has altered the dynamic in the commercial property market, according to local realtors, with tenants now assuming more power in lease negotiations.
While the top end of the market is still among some of the most expensive...
DATE: Oct 29, 2008
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Net income: Loss os $249 million compared to a profit of $279.1 million in 2007.
Gross premiums written: $725.3 million compared to $755.2 million in 2007.
Combined ratio: 128 percent compared to 74.1 percent in 2007.
DATE: Oct 28, 2008
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CONSUMERS CUT BACK: Stay home, drive less and shop on the cheap.
That's what consumers are doing to deal with shrinking savings, declining home values and rising unemployment, according to a recent survey by the consulting firm Booz & Co. In the past...
DATE: Oct 28, 2008
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Exposure to investments in Lehman Brothers, Freddie Mac and Fannie Mae hit Bermuda-based insurer American Safety Insurance Holdings Ltd. hard in the third quarter of 2008.
The insurance company made a net loss of $4.3 million, or 42 cents per share, ...
DATE: Oct 28, 2008
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Axis Capital Holdings Ltd. yesterday posted a net loss of $249 million for the third quarter, after taking huge hits from hurricanes Gustav and Ike.
The insurer and reinsurer said the two storms would cost it around $371 million — the largest sum dec...
DATE: Oct 28, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Edward Liddy, chief executive officer of American International Group Inc., the insurer bailed out by the US last month, resigned from the board of Boeing Co. because AIG's plane-leasing unit is a customer.
Liddy, 62, no longer...
DATE: Oct 28, 2008
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Bermuda-based Annuity and Life Re (Holdings) Ltd. announced last night that it is in discussions with a third party regarding the possible sale of the company.
The news was revealed in Annuity's third-quarter results statement, which showed a net los...
DATE: Oct 28, 2008
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