76382 results returned for search: "" category "Business"
NEW YORK (AP) - Stocks ended a temperamental session moderately higher yesterday as investors bought up the stocks of energy, materials and consumer-staple companies, but remained cautious about the beleaguered financial sector.
Bank and brokerage st...
DATE: Sep 11, 2008
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MONACO (Reuters) - As Hurricane Ike takes aim at the Gulf of Mexico, triggering memories of 2005's devastating storms, reinsurers see temporary underwriting vehicles as the solution to their capital needs in the event of "the Big One" - a disaster co...
DATE: Sep 11, 2008
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Ace Ltd. is being sued for $133 million at the Grand Court of the Cayman Islands by the Receiver of the Liberian operations of Cigna Worldwide Insurance Company — a complaint that has already been rejected twice by US courts.
The claim relates to two...
DATE: Sep 11, 2008
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AUTHOR:
Jonathan Kent
MONTE CARLO (Reuters) - XL Capital Ltd.'s reinsurance business has emerged relatively unscathed from the problems caused by XL's large stake in a troubled bond insurer, its CEO said, but he refused to comment on whether the group may be up for sale.
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DATE: Sep 11, 2008
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TORONTO (Bloomberg) - Canadian stocks rose the most in seven months as Research In Motion Ltd. gained after introducing a new phone and commodity shares advanced on speculation shares are cheap relative to earnings after this month's sell-off.
Resear...
DATE: Sep 11, 2008
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The chief financial officer of Bermuda-based Golden Ocean Management AS, Geir Karlsen, has exercised his share options to acquire 250,000 shares in the company.
The strike price for the share options are NOK 0.92 per share. He has sold the shares and...
DATE: Sep 11, 2008
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LONDON (Bloomberg) — Old Mutual Plc, South Africa's biggest insurer, replaced Jim Sutcliffe as chief executive officer after the company had US losses of $290 million - including $155 million charge against its Bermuda unit - since August.
Old Mutua...
DATE: Sep 11, 2008
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Hurricane Ike continued to rattle insurers' nerves yesterday as the storm strengthened and laid path for coastal Texas. With some forecasts saying Ike could be a category four storm when it makes US landfall, if it hits near Galveston and enters the ...
DATE: Sep 11, 2008
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WASHINGTON (AP) - In a possible blow to Yahoo Inc.'s hopes for an advertising partnership with Google Inc., the Justice Department has hired an anti-trust litigator to review evidence for what could become a legal challenge to the deal.
The Wall Stre...
DATE: Sep 10, 2008
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A busy day of trading saw the Royal Gazette/Bermuda Stock Exchange close 23.58 point higher (0.53 percent) at 4,462.61.
Bermuda Press (Holdings) Ltd. took the biggest hit of the day with an 18.51 percent drop in share value, with 324 shares traded to...
DATE: Sep 10, 2008
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