76413 results returned for search: "" category "Business"
Bloomberg News reported last week that the tax stimulus package approved by US Congress may prove less of a jolt to the US economy that previously thought. "Americans Plan to Save, Not Spend, Tax-Rebate Cheques, poll says", by Matthew Benjamin. The r...
DATE: Mar 01, 2008
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NEW YORK (Associated Press) - Credit rating agency Standard & Poor's yesterday cut its long-term counterparty rating for Bermuda-based MF Global Ltd. because of a $141.5 million loss tied to unauthorised trading.
S&P cut the rating to investment-grad...
DATE: Mar 01, 2008
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NEW YORK (Bloomberg) — Billionaire Wilbur Ross agreed to invest as much as $1 billion in Bermuda-based Assured Guaranty Ltd., giving the AAA rated bond insurer capital to win market share from MBIA Inc. and Ambac Financial Group Inc.
Ross is seeking ...
DATE: Mar 01, 2008
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) rose 55.68 points (1.07 percent) to close at 5,198.09, as 137,082 shares worth $2,404,204.30 were traded yesterday.
Argus Group Holdings Ltd. continued its good form of late, rising $1.05 (0.08 per...
DATE: Mar 01, 2008
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NEW YORK (Bloomberg) — American International Group Inc. said the head of its financial products unit, Joseph Cassano, is stepping down after the insurer reported $11.1 billion in losses on contracts sold to fixed-income investors.
Cassano co-founded...
DATE: Mar 01, 2008
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LONDON (AP) — One of Britain's largest retailers says it will start charging for plastic bags at all of its stores as part of a drive to eliminate waste.
Beginning May 6, food and clothing retailer Marks & Spencer says it will charge five pence, or a...
DATE: Feb 29, 2008
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WASHINGTON (Bloomberg) - EBay Inc., the world's biggest online auctioneer, agreed to buy a Virginia company's patents to end a lawsuit over its "Buy It Now" sales option.
Financial terms were not disclosed. San Jose, California- based EBay said the s...
DATE: Feb 29, 2008
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NAPA, California (AP) - For many residents of this, one of the most storied valleys in the world, life is still a bowl of grapes. But beyond the picturesque vineyards and stonewalled estates, times are shaky, the future unclear.
Tourists sipping thei...
DATE: Feb 29, 2008
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SAN FRANCISCO (Bloomberg) - Apple Inc. rose as much as 5.1 percent in Nasdaq trading after chief operating officer Tim Cook reiterated a goal to sell 10 million iPhones this year and suggested sales will hold up in an economic slowdown.
Apple added $...
DATE: Feb 29, 2008
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NEW YORK (AP) — A rogue trader at Bermuda-based broker MF Global Ltd. rang up $141.5 million in losses on the broker's account this week, the company said yesterday, a black eye that cost the company almost a fifth of its market value.
The company sa...
DATE: Feb 29, 2008
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