76413 results returned for search: "" category "Business"
TORONTO (Reuters) - The Toronto Stock Exchange's main index ended higher yesterday, spurred by resource issues as commodity prices surged and oil company Canadian Natural Resources said its profit more than doubled.
Prices for both oil and gold, key ...
DATE: Feb 29, 2008
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NEW YORK (AP) - Stocks sank yesterday as investors fretted over a rise in unemployment claims and the prospect of more bank failures. The Dow Jones industrial average fell 112 points, breaking its four-day winning streak.
Federal Reserve chairman Ben...
DATE: Feb 29, 2008
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General Motors Corp. (GM) may look like a victim of bad luck, its turnaround plan undermined by a collapsing US economy just as GM cars and trucks are starting to compete. Do not be fooled.
That interpretation of GM's latest woes ignores years and ye...
DATE: Feb 29, 2008
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The Steamship Mutual Underwriting Association (Bermuda) Ltd. has been affirmed the financial strength rating of B++ (good) and issuer credit rating of "bbb+" by AM Best Co.
The outlook for both ratings remains stable.
The ratings reflect Best's expec...
DATE: Feb 29, 2008
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Bermuda-based marine contractor Dockwise Ltd. boosted its revenue by 15 percent during a successful year's trading in 2007.
The company, which specialises in providing transport services to the offshore, onshore and yachting industries, as well as th...
DATE: Feb 29, 2008
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Billionaire investor Wilbur Ross has agreed to make up to a $1 billion investment in Bermuda-based bond insurer Assured Guaranty Ltd.
The bond insurer said this morning that WL Ross & Co. will purchase $250 million worth of common stock and commit to...
DATE: Feb 29, 2008
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AUTHOR:
Jonathan Kent
LONDON (AP) — Royal Bank of Scotland Group PLC reported an 18-percent rise in full year net profit yesterday as gains from the sale of non-key assets outweighed the impact of sub-prime-related asset write-downs, which the bank also raised further.
RB...
DATE: Feb 29, 2008
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LONDON (AP) — British American Tobacco PLC said it agreed to buy a Danish cigarette business in a deal worth $3.9 billion — its second purchase in less than a week — as it reported a 12-percent increase in full-year profits yesterday.
BAT, the maker ...
DATE: Feb 29, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the world's largest insurer by assets, posted its biggest quarterly loss as a publicly traded company as it wrote down guarantees sold to protect fixed-income investors. The company declined i...
DATE: Feb 29, 2008
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Telecommunications Minister Terry Lister has reaffirmed Government's commitment to sweeping licensing reform allowing companies to offer services across the board rather than be restricted to specific areas.
Currently companies must get separate lice...
DATE: Feb 29, 2008
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