76382 results returned for search: "" category "Business"
Q. Does it look like my good fortune with my H.J. Heinz Co. shares will continue? — F.C., via the Internet
A. Frozen potatoes and soy sauce have never looked so good.
The global producer and marketer of packaged foods, led by strong gains of those tw...
DATE: Sep 13, 2008
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Yesterday was a day for falling share prices on the Royal Gazette/Bermuda Stock Exchange with all nine companies that were traded losing value. Overall the BSX fell 112.20 (down 2.58 percent) to close at 4,334.45.
Bermuda Press (Holdings) Ltd. suffer...
DATE: Sep 13, 2008
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LONDON (Reuters) — Trade unions attacked British government plans to make utilities cut their customers energy use rather than pay a windfall tax on profits, while analysts said it was a sensible long-term solution to high energy prices.
The Energy R...
DATE: Sep 12, 2008
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LONDON (AP) — Shares in Britain's BG Group PLC jumped yesterday after Brazil's state-run oil company said prospective production from its Iara oilfield would be higher than first expected, apparently confirming the massive hydrocarbon potential of th...
DATE: Sep 12, 2008
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The Bank of Bermuda has confirmed its status as the highest-rated bank on the Island after maintaining its positive AA-/Stable/A-1+ credit rating assigned by Standard and Poor's (S&P).
In assigning the rating, S&P noted the bank's, "excellent credit ...
DATE: Sep 12, 2008
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The Royal Gazette/Bermuda Stock exchange fell 31.24 (0.70 percent) yesterday with BELCO and Argus Group taking small hits.
Argus saw 12,100 shares traded for an overall decline of $0.50 (3.44 percent), taking its share price to $14, while BELCO share...
DATE: Sep 12, 2008
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NEW YORK (Bloomberg) — Maurice (Hank) Greenberg, American International Group Inc.'s former chief executive officer, spent the day in a Manhattan courthouse giving testimony in a New York lawsuit over an alleged multi-billion dollar fraud at the comp...
DATE: Sep 12, 2008
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NEW YORK (Bloomberg) — Hurricane Ike, the storm that forced evacuations in Texas two days ahead of expected landfall, will cause at least $5 billion in insured damage, said Steve Smith, an atmospheric physicist for the Carvill reinsurance broker.
The...
DATE: Sep 12, 2008
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NEW YORK (Bloomberg) — Lehman Brothers Holdings Inc. entered into talks with potential buyers of the securities firm after Moody's Investors Service said the company must find a "stronger financial partner" and the shares plummeted.
Bankers from othe...
DATE: Sep 12, 2008
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Bermuda-based Digicel Group announced yesterday it is committing $1 million in hurricane relief efforts to storm-devastated Haiti.
The passing of four major storms over Haiti this season — including two hurricanes — has left an estimated 331 people d...
DATE: Sep 12, 2008
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