76384 results returned for search: "" category "Business"
NEW YORK (AP) - Wall Street retreated yesterday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers. Weakness in the overall financial sector s...
DATE: Aug 19, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index finished slightly higher yesterday as a rise in resource shares offset nagging fears of more fallout from the credit crunch.
In choppy action, the materials sector was lifted two percent by ...
DATE: Aug 19, 2008
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Bermuda is being ruled out as a potential base by many firms forming new captive insurance companies because of high costs associated with the Island.
That is the view of industry consultant Andrew Barile, who said he had noticed a trend of new capti...
DATE: Aug 18, 2008
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) - Woolworths Group plc., whose UK stores sell goods from appliances to candy, said it rejected a takeover offer from Iceland Foods Ltd. because the bid was too low and would have saddled Woolworths with pension liabilities.
The com...
DATE: Aug 18, 2008
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TORONTO (Reuters) - Canada's weakened economy, hit by the slowdown in the US and dampened world demand for commodities, could push the country's biggest stock market to retest this year's lows, given its heavy reliance on oil and gold.
Investors have...
DATE: Aug 18, 2008
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CHARLOTTE, NORTH CAROLINA (AP) - As soaring home prices set the stage for America's great housing meltdown, a critical step in making sure those home sales were a fair deal - the real estate appraisal - was undermined from within.
After the nation's ...
DATE: Aug 18, 2008
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Bermuda-based bond reinsurer Ram Holdings Ltd.'s share price shot up 16 percent on Friday after it reported second-quarter profits of $126.3 million.
Net income broke down to $4.63 per share, compared to $9.1 million, or $0.33 per share in the second...
DATE: Aug 18, 2008
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AUTHOR:
Jonathan Kent
Nearly $500,000 worth of shares were traded on The Royal Gazette/Bermuda Stock Exchange last week.
The Index closed at 4,571.91. Butterfield Bank saw the most action, trading just more than 13,000 shares during the course of last week and finished at...
DATE: Aug 18, 2008
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NEW YORK (Reuters) - Bolstered by falling oil prices and a rising dollar, US stocks could extend their modest gains this week, even in the face of still troubling consumer and housing-related data.
Oil's downward trend helped boost consumer spending ...
DATE: Aug 18, 2008
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Internet travel services provider YTB International, Inc. — which has recruited around 700 members to its multi-level marketing network in Bermuda — reported a second-quarter net loss of nearly $200,000 on Friday.
The company put the loss down to spe...
DATE: Aug 18, 2008
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CATEGORY:
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AUTHOR:
Jonathan Kent
