76418 results returned for search: "" category "Business"
Bermuda-based Security Capital Assurance Ltd. was yesterday downgraded by Fitch Ratings from its all-important AAA financial strength rating — and that will severely damage the bond insurer's ability to write new business.
Fitch cut its rating five l...
DATE: Jan 25, 2008
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Bermuda-based Assured Guaranty Ltd., a financial guarantor and mortgage insurer, said its fourth-quarter results will include a $303 million write-down on credit derivatives.
The unrealised mark-to-market loss equates to $4.39 a share, according to a...
DATE: Jan 25, 2008
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NEW YORK (AP) — Wall Street scored its second straight big advance yesterday after economic figures suggested the job market is holding up and as lawmakers agreed on measures that could ease concerns about consumer spending. The Dow Jones industrials...
DATE: Jan 25, 2008
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Energy consumers will be able to save money and do their bit for the environment at the same time thanks to a new initiative launched by Bermuda-registered charity Greenrock in partnership with HWP and Belco.
The new scheme, which is backed by a dona...
DATE: Jan 25, 2008
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The Island's biggest insurance brokerage firm Marsh will send representatives into the Island's public and private schools over the next two months to spread the word that there are huge opportunities for young Bermudians interested in becoming broke...
DATE: Jan 25, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) - Bank of America Corp. is marketing perpetual preferred shares at the highest yields the company has paid on a new offering of such debt in 15 years.
The securities may yield eight percent to 8.125 percent, according to a person...
DATE: Jan 25, 2008
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It proved to be a day of gains on the Royal Gazette/Bermuda Stock Exchange Index (BSX), with Argus Group Holdings Ltd. and BELCO Holdings Ltd. both boosting their share prices yesterday.
Argus increased its share value by $1 (0.06 percent), to close ...
DATE: Jan 25, 2008
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One of the most important aspects of the IT sector is to stay on the cutting edge of technology and one step ahead of the competition.
And that is exactly what Applied Computer Technologies (ACT) has been striving to do for the past 25 years it has b...
DATE: Jan 25, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index was strongly higher yesterday, pulled up by gains by Potash Corp of Saskatchewan and robust resource issues amid firm commodity prices.
The index also reaped continued benefits from interest...
DATE: Jan 25, 2008
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PARIS (AP) - French bank Societe Generale said yesterday it has uncovered a 4.9-billion euro ($7.14 billion) fraud - one of history's biggest - by a single futures trader whose scheme of fictitious transactions was discovered as stock markets began t...
DATE: Jan 25, 2008
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