76382 results returned for search: "" category "Business"
Bermuda's economy is in a recession and the Island is at a turning point in its history.
That is the reality facing the Island's business community according to US Consul General Gregory Slayton, who was talking to delegates as keynote speaker on the...
DATE: Oct 16, 2008
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Bermuda-based White Mountains Insurance Group has suffered a five percent drop in its invested assets value for the third quarter of 2008.
In a press release on preliminary third quarter earnings on Monday, the company said while it does not invest i...
DATE: Oct 16, 2008
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NEW YORK (AP) — Investors agonising over a faltering economy sent the stock market plunging all over again yesterday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair...
DATE: Oct 16, 2008
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NEW YORK (Bloomberg) — New York Attorney General Andrew Cuomo is investigating "unwarranted and outrageous expenditures" at American International Group Inc., which received an $85 billion federal bailout last month.
In a letter to AIG's board of dir...
DATE: Oct 16, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index plunged again yesterday as resource stocks were pressured by falling commodity prices on concerns global economic weakness would cut demand.
The tumble chipped away at big gains made Tuesday...
DATE: Oct 16, 2008
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Bermudians should start living "beneath their means" to best ride out the global economic downturn, according to former Government statistician Cordell Riley.
"Just because you can afford something doesn't necessarily mean that you should have it," M...
DATE: Oct 16, 2008
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NEW YORK (Reuters) - Gloomy economic data and warnings from the US Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets into free-fall yesterday.
The Dow Jones industrial ...
DATE: Oct 16, 2008
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Allied World Assurance Company Holdings expects to report $150 million in net realised investment losses and $60 million in net unrealised investment losses for the third quarter of 2008.
The company released preliminary third quarter estimates yeste...
DATE: Oct 16, 2008
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Bermuda Digital Communications has purchased a major stake in a Turks and Caicos telecommunications provider.
BDC, which operates as CellularOne on the Island, yesterday announced the purchase of a strategic lead stake in two-year-old Islandcom Telec...
DATE: Oct 15, 2008
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LONDON (AP) — Britain's Prime Minister Gordon Brown appealed yesterday for the restoration of integrity in the banking system, describing the return of trust as critical in creating a viable world economic recovery.
Brown told reporters in London tha...
DATE: Oct 15, 2008
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