76398 results returned for search: "" category "Business"
Belco Holdings Ltd. was the only company to see a change in share price on the Royal Gazette/Bermuda Stock Exchange (BSX) Index yesterday, falling by 4.76 percent.
The power company closed with a value of $20, down $1, on the trading of 3,700 shares....
DATE: May 21, 2008
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NEW YORK (Bloomberg) — Bermuda-based bond insurer CIFG Guaranty, which lost its AAA ratings in March, was downgraded to junk by Moody's Investors Service because of the potential for insolvency.
The ratings were cut seven levels to Ba2, two steps bel...
DATE: May 21, 2008
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The Bank of Bermuda announced the appointment of Guillermo Konecny to the newly formed role of head of global banking and markets and Mark Prothero to the new role of chief risk officer.
As head of Global Banking and Markets, Mr. Konecny will be resp...
DATE: May 21, 2008
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LONDON (Reuters) - British enthusiasm for organic food shows no sign of waning thanks to a loyal consumer base and a green image, despite rising food and fuel prices, the head of Britain's top organic association said in a recent interview.
The secto...
DATE: May 21, 2008
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NEW YORK (Bloomberg) — Bermuda-based Ingersoll-Rand Co., the refrigeration-equipment maker that's buying Trane Inc., plans to keep the acquired company as a separate unit rather than combine it with its own climate-control operations.
The "guiding pr...
DATE: May 21, 2008
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NEW YORK, (Reuters) - American International Group Inc's shares fell to their lowest point in nearly 10 years after it said its recent issue of equity and debt is expected to raise about $20 billion, far more than initially expected.
AIG shares fell ...
DATE: May 21, 2008
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NEW YORK (Bloomberg) — Former American International Group Inc. chairman Maurice (Hank) Greenberg, identified by US prosecutors as an unindicted co-conspirator in an accounting fraud case that led to five convictions, said the defendants turned to fr...
DATE: May 21, 2008
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The rise of nanotechnology will challenge the insurance industry to deal with a wide range of new risks that will impinge on almost all lines of business, conference delegates heard yesterday.
Speaking at the International Reinsurance Summit at the F...
DATE: May 21, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - Nokia, the world's leading mobile phone maker, does not expect to start to see returns from its investment in Internet services until 2010, chief financial officer Rick Simonson said yesterday.
Nokia invested "hundreds of million...
DATE: May 21, 2008
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OSLO (Bloomberg) — Bermuda-based Seadrill Ltd., the oil-rig company set up by billionaire John Fredriksen, rose the most in almost four months in Oslo trading after the company agreed to sell and lease back an ultra-deepwater drillship for $850 milli...
DATE: May 20, 2008
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