76382 results returned for search: "" category "Business"
The Bank of Bermuda yesterday announced that Linda Sutherland has been promoted to head of HSBC Securities Services.
Ms Sutherland's new position was among four management changes announced by the bank.
She will also take a position on the bank's man...
DATE: Oct 15, 2008
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Bermuda-based specialist reinsurer Hiscox is hoping to benefit from clients fleeing from American International Group's (AIG) financial troubles.
Hiscox CEO Bronek Masojada told BestWeek Europe, that the Lloyd's insurer has picked up a number of clie...
DATE: Oct 15, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index closed with a huge gain yesterday but the rise paled against the record-setting surge it started the day with as it played catch-up with Wall Street's big rally on Monday, when Canadian mark...
DATE: Oct 15, 2008
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WASHINGTON (Bloomberg) — Treasury Secretary Henry Paulson urged banks getting $250 billion of taxpayer funds to channel the money to customers quickly to halt a credit freeze that's threatening to bankrupt companies and hammer the job market.
"Leavin...
DATE: Oct 15, 2008
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NEW YORK (AP) — Wall Street ended a relatively calm session with a moderate loss yesterday as investors, while pleased with the government's plans to spend $250 billion to buy stock in private banks, decided to cash in some of their profits from the ...
DATE: Oct 15, 2008
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XL Capital Ltd. estimated yesterday that it made the biggest quarterly loss in its history around $1.6 billion in the three months through September this year.
After the company issued preliminary third-quarter results before the markets opened yeste...
DATE: Oct 15, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — US auto sales this month may fall to their lowest rate in at least 25 years as showroom traffic slows, particularly for General Motors Corp. after its employee pricing deal ended, a Deutsche Bank AG analyst said.
October's seas...
DATE: Oct 15, 2008
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ATLANTA (AP) — Flash memory drives, the size of your thumb, are dirt cheap and offer gigabytes of storage. It's tempting to fill one of them with important computer files, clip it to a key chain and hit the road.
But what if you lose it while fumblin...
DATE: Oct 15, 2008
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NEW YORK (Bloomberg) — Executives in charge of technology spending may have to fire workers, delay projects and push suppliers for better prices as the credit crunch cuts corporate budgets as much as 20 percent, researcher Gartner Inc. said.
Technolo...
DATE: Oct 15, 2008
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XL Capital Ltd. chairman Brian O'Hara said he was forced to sell about 80 percent of his stake in the Bermuda-based insurer to meet margin calls.
"I had pledged those shares as collateral to secure a personal loan used to fund purchases of XL shares ...
DATE: Oct 15, 2008
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