76418 results returned for search: "" category "Business"
White Mountains Insurance Group suffered a drop of almost $200 million in profits for the fourth quarter 2007, despite managing to avoid getting caught up in the sub-prime mortgage crisis.
Net income fell from $299 million for the fourth quarter 2006...
DATE: Feb 05, 2008
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Bermuda Stock Exchange (BSX)-listed property company Fabian Romania is fast proving that the East is the place to be after posting a 25 percent rise in net asset value for 2007.
The firm, which invests in the Bucharest and Romanian real estate market...
DATE: Feb 05, 2008
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BF&M Ltd. was the biggest gainer of the week on The Royal Gazette/Bermuda Stock Exchange Index (BSX).
The insurer saw its stock rise by $2.20 (11.73 percent) to close up at $20.95, with 14,958 shares traded.
LOM (Holdings) Ltd. and Bermuda Commercial...
DATE: Feb 04, 2008
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CHICAGO (Bloomberg) - Exxon Mobil Corp., the world's largest oil company, said fourth-quarter profit rose 14 percent amid the biggest increase in crude prices in the 148-year history of the petroleum industry.
Net income climbed to a record $11.7 bil...
DATE: Feb 04, 2008
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Max Re founder Robert Cooney has returned to the Bermuda reinsurance arena with his appointment on Friday as managing director of Aon Capital Markets.
Mr. Cooney, 53, will also take the role of vice-chairman of Aon Re Global (Bermuda), with the respo...
DATE: Feb 04, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) - Ben Bernanke's decision to lower interest rates 1.25 percentage points last month will end the dollar's two-year slide, according to the world's biggest currency traders.
For the first time since 2003, investors are focused on ...
DATE: Feb 04, 2008
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The Listing Committee of the Bermuda Stock Exchange has announced the approval of the listing of the 50,000 ordinary shares of Collins International Ltd. of one Euro cent each, under the provisions for Qualified Investor, the minimum investment being...
DATE: Feb 04, 2008
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NEW YORK (Bloomberg) - Brian Duperreault, named on January 30 to head Marsh & McLennan Cos., the world’s largest insurance brokerage, will get almost $5 million in severance from Ace Ltd.
Mr. Duperreault, 60, stepped down this week from the board of ...
DATE: Feb 04, 2008
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NEW YORK (Bloomberg) - Hedge fund manager John Devaney, who had to sell his yacht and jet plane last year after wrong-way bets on mortgage securities, says it is time to buy bonds backed by sub-prime loans.
The CEO of United Capital Markets Holdings ...
DATE: Feb 04, 2008
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NEW YORK (Reuters) - Fears of a looming recession could batter US stocks this week as investors weigh a dim earnings outlook for 2008 against a view that holds shares are cheap as seen by Microsoft's $44.6 billion bid for Yahoo.
US employers cut payr...
DATE: Feb 04, 2008
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