76382 results returned for search: "" category "Business"
NEW YORK (Reuters) – US stocks fell yesterday on fear that congressional wrangling could delay a proposed $700 billion plan to rescue the financial sector, increasing worries about the struggling US economy.
General Electric was the biggest drag on t...
DATE: Sep 24, 2008
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NEW YORK (Reuters) – Bond insurer MBIA said yesterday it would have enough resources to fund potential termination payments related to investment contracts if rating agencies downgraded the notes of its subsidiary MBIA Insurance Corp.
The largest US ...
DATE: Sep 24, 2008
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The parent company of one of Bermuda's 9/11 reinsurance casualties has been successfully liquidated, allowing bank debts of $180 million to be repaid and a further $31 million to be distributed to shareholders.
Although a few assets of the former Tre...
DATE: Sep 24, 2008
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AUTHOR:
Scott Neil
NEW YORK (Reuters) – Architects of a $700 billion bailout plan urged US lawmakers to act swiftly or face dire economic consequences as global stock markets fell for a second day on growing concern the rescue may be delayed.
Treasury Secretary Henry P...
DATE: Sep 24, 2008
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NEW YORK (Bloomberg) — A unit of Greenhill & Co., the merger advisory firm founded by chairman Robert Greenhill, agreed to buy Iridium Holdings LLC in a deal that values the satellite-phone service provider at about $591 million.
Greenhill will inves...
DATE: Sep 24, 2008
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Thirteen jobs are to go in Bermuda as Continental Airlines outsources its operations on the Island because of the financial crisis in the US airline industry, according to a spokesperson for the airline.
The company sent a letter to the Bermuda Indus...
DATE: Sep 24, 2008
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TORONTO (Reuters) – The Toronto Stock Exchange's main index ended a choppy session lower yesterday, dragged down by resource shares that fell with commodity prices, while uncertainty continued to surround the US bailout proposal.
Companies tied to oi...
DATE: Sep 24, 2008
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I am one of those people who constantly make lists of things to do and buy.
But instead of doing or buying I just end up with pieces of paper that pile up one on top of the other as I remember new actions I have to – or rather should – take sometime ...
DATE: Sep 24, 2008
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Luxury home sales in Bermuda dropped in the first half of 2008, but as recently as July, realtors were guardedly optimistic that the second half of the year would see an improvement.
Now, with global financial markets in turmoil, they say that the hi...
DATE: Sep 24, 2008
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The Royal Gazette/Bermuda Stock Exchange Index dropped 43.68 points as Butterfield Bank hit a 52-week low.
Butterfield dropped 25 cents to $13.15 a share – 25 cents belows its 52-week high – on volume of 42,785 shares.
No other shares changed price y...
DATE: Sep 23, 2008
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