76422 results returned for search: "" category "Business"
Shares of Bermuda-based bond insurer Security Capital Assurance jumped a staggering 76 percent in trading yesterday after New York state insurance regulators had talks with US banks aimed at raising capital for bond insurers.
However, after Wall Stre...
DATE: Jan 24, 2008
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DAVOS, Switzerland (AP) - Russian finance minister Alexei Kudrin said yesterday that Russia and other countries with large gold and currency reserves can help the world economy weather the current crisis.
Mr. Kudrin, speaking to reporters at the Worl...
DATE: Jan 24, 2008
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Up to 750,000 square feet of new office buildings will be added to the current available stock in Bermuda over the next three years if all the anticipated developments get the go-ahead.
That is the view of Coldwell Banker Bermuda Realty's commercial ...
DATE: Jan 24, 2008
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LOM (Holdings) Ltd. has purchased 40,000 of its own shares for cancellation at an average price of $3.85 per share.
The number of shares ultimately repurchased, and the timing of the purchases, will depend upon market conditions, share price and othe...
DATE: Jan 24, 2008
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MONTREAL (Bloomberg) - Accenture Ltd., the world's second-largest management-consulting company, is buying two businesses to help clients improve results from Internet marketing.
Accenture agreed to purchase closely held Maxamine Inc. and last month ...
DATE: Jan 24, 2008
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NEW YORK (Bloomberg) - Motorola Inc., the biggest US mobile-phone maker, forecast an unexpected loss and said profit fell 84 percent last quarter as customers fled to Apple Inc. and Samsung Electronics Co.
Motorola dropped 22 percent in New York trad...
DATE: Jan 24, 2008
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A continuing credit and consumer spending crunch could have an impact on tourism in Bermuda and the Island must closely watch what is happening in the world's economic markets.
That is the view of E.T. (Bob) Richards who believes the Island's second ...
DATE: Jan 24, 2008
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NEW YORK (Bloomberg) - Bermuda-based Tyco International Ltd., the world's biggest maker of connectors, raised its 2008 forecast on higher sales at its ADT and flow control units and said first-quarter revenue and margins topped previous projections.
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DATE: Jan 24, 2008
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LONDON (Bloomberg) - Golden Ocean Group Ltd., the commodity shipping line chaired by Norwegian billionaire John Fredriksen, arranged to lease out for five years, two vessels that are being built for the company.
The so-called kamsarmax vessels, curre...
DATE: Jan 24, 2008
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LONDON (Bloomberg) - American International Group Inc. (AIG), the world's biggest insurer, will bail out its Nightingale Finance structured investment vehicle, according to Moody's Investors Service.
AIG Financial Products Corp., a unit of the New Yo...
DATE: Jan 24, 2008
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