76398 results returned for search: "" category "Business"
NEW YORK (Reuters) - Financier Carl Icahn yesterday launched a proxy battle to force Yahoo Inc. to reopen buyout talks with Microsoft Corp, saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer.
Icahn harshly criticised ...
DATE: May 16, 2008
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Bermuda-based Teekay Tankers Ltd. yesterday reported first-quarter net income of $14.0 million, or $0.56 per share, a rise of nearly $8 million compared to the fourth quarter of 2007.
The company achieved a time charter equivalent (TCE) of $36,253 pe...
DATE: May 16, 2008
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Bermuda-based political risk specialist Sovereign Risk Insurance Ltd. plans to set up its first overseas office in Dubai.
Sovereign, which is owned by Ace Bermuda Insurance Ltd., a wholly owned subsidiary of Ace Ltd., has a staff of 10, one of whom w...
DATE: May 15, 2008
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AUTHOR:
Jonathan Kent
TORONTO (Reuters) - The Toronto Stock Exchange's main index gave up nearly all its gains yesterday, as weak resources undermined a rally by financial issues after Royal Bank of Canada said it would take a smaller second-quarter write-down than had be...
DATE: May 15, 2008
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LONDON (AP) — Shareholders in Royal Bank of Scotland Group PLC gave approval yesterday for the biggest stock rights issue in British corporate history — almost $24 billion — as another British mortgage lender announced plans of its own for a rights i...
DATE: May 15, 2008
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Kentucky Fried Chicken (Bermuda) Ltd. saw profits drop last year due in part to higher food costs and lower sales.
Net income for the year ending January 31, 2008 totalled $310,009, a drop of $82,579 in comparison to the previous fiscal year.
The bul...
DATE: May 15, 2008
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AUTHOR:
Owain Johnston-Barnes
Retailers fear they may have to suffer through a hard year — unless there is a change in policy, or a change in mindset.
Bermuda retailers saw their sales this March drop $1.3 million compared to sales of March 2007.
Apparel stores suffered a notable...
DATE: May 15, 2008
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AUTHOR:
Owain Johnston-Barnes
CINCINNATI (AP) — Despite a $59 million loss and a slump in sales in the first quarter, Macy's Inc. yesterday posted results that beat Wall Street expectations because of what analysts said were tight controls on expenses and inventories.
The loss re...
DATE: May 15, 2008
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LONDON (Bloomberg) — Amlin Plc, a Lloyd's of London insurer that does about a quarter of its business in Bermuda, said premium revenue dropped 9.3 percent in the first four months of the year as prices declined.
Gross written premiums through April 3...
DATE: May 15, 2008
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NEW YORK (Bloomberg) — First came the booming economies. Then came the rush of investors. Now the so-called BRIC nations — Brazil, Russia, India and China — are talking about forming a political alliance.
The four largest emerging economies are sendi...
DATE: May 15, 2008
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