76393 results returned for search: "" category "Business"
WASHINGTON (AP) - Shares of Fannie Mae and Freddie Mac fell yesterday amid continuing fears the mortgage finance companies will be forced to sell more new shares than anticipated to compensate for losses from the housing slump.
The two government-cha...
DATE: Jul 10, 2008
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WASHINGTON (AP) - The Pentagon will re-compete a $35 billion contract to build the Air Force's fleet of new refueling tankers and pick a new winner by the end of the year, US lawmakers said yesterday.
Reps. Todd Tiahrt, a Kansas Republican, and Norm ...
DATE: Jul 10, 2008
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Banking and insurance were the two big success stories on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
Butterfield Bank boosted its share price by 50 cents (3.22 percent) to finish on $16, as 6,575 shares changed hands.
A total of ...
DATE: Jul 10, 2008
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LONDON (AP) — UK homebuilders Bovis Homes Group PLC and Redrow PLC each said yesterday they were slashing staff by 40 percent — more signs of the distress in Britain's dismal and deteriorating housing market.
Bovis reported that sales in the first ha...
DATE: Jul 10, 2008
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NEW YORK (Bloomberg) - New York's Chrysler Building, the Art Deco icon that helps define the New York skyline, was bought by an Abu Dhabi sovereign wealth fund.
The sale marked the second purchase of a Manhattan landmark by Middle East investors in a...
DATE: Jul 10, 2008
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An innovative new product which insures homeowners against the risk of interest payments on their mortgages going up has proved popular since it was launched by Bermuda-based derivative instrument company Armadillo's MarketGuard Insurance this month....
DATE: Jul 10, 2008
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MPs yesterday passed legislation aimed at strengthening regulation of Bermuda's insurance industry.
The Insurance Amendment Act will bring in new standards for capital requirement.
It also expands the classification system for Class 3 insurance compa...
DATE: Jul 10, 2008
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Former general manager of Digicel Bermuda, David Hunter, has quit the company - three months into his new assignment as Digicel Jamaica CEO, according to the Jamaica Gleaner.
Mr. Hunter 's decision to leave Digicel Group has forced the telecommunicat...
DATE: Jul 10, 2008
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TORONTO (Bloomberg) - Canadian stocks fell, led by financial companies, on concern banks and insurers face further credit losses. Royal Bank of Canada, the nation's biggest lender, paced the decline.
The Standard & Poor's/TSX Composite Index erased a...
DATE: Jul 10, 2008
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Ace Ltd. shareholders meet today in Hamilton to vote on the insurance giant's proposal to move its holding company from the Cayman Islands to Switzerland.
The company announced its intended redomestication in March, but has said its Bermuda operation...
DATE: Jul 10, 2008
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AUTHOR:
Jonathan Kent
