76422 results returned for search: "" category "Business"
CHICAGO (Reuters) - AMR Corp, parent of American Airlines, yesterday posted a smaller-than-expected fourth-quarter loss, but it showed airlines' continuing vulnerability to high fuel costs.
The company said its fuel bill jumped by 29 percent in the q...
DATE: Jan 17, 2008
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New Castle Reinsurance Co. Ltd. (Bermuda) has been affirmed the financial strength rating (FSR) of A- (excellent) and the issuer credit rating (ICR) of a- by AM Best.
Concurrently, the ratings agency has affirmed the ICR of bbb- of New Castle Reinsur...
DATE: Jan 17, 2008
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Bermuda is fast becoming the place for Latin American companies to set up their reinsurance and captive insurance businesses.
That is the view of Eduardo Fox, manager of corporate and Latin American Affairs at Bermuda-based global law firm Appleby, w...
DATE: Jan 17, 2008
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Could Miles Market be planning to open a second store at the East End of the Island?
The upscale supermarket's owners, brothers Will and Richard Cox, have applied to incorporate a new company called Miles East Ltd., giving rise to speculation that th...
DATE: Jan 17, 2008
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NEW YORK (Bloomberg) — Ambac Financial Group Inc. ousted its chief executive officer, slashed the dividend 67 percent and will raise more than $1 billion to preserve its AAA credit rating after announcing the biggest-ever write-downs by a bond insure...
DATE: Jan 17, 2008
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DETROIT (AP) — Fisker Automotive and Visionary Vehicles are two companies planning to bring luxurious plug-in sedans to market, proving that green doesn't have to come in an economical package.
"If I say 'electric,' people think 'slow'. They think el...
DATE: Jan 17, 2008
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Watlington Waterworks Ltd. and Bermuda Aviation Services Ltd. (BAS) both enjoyed a successful day's trading on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
Watlington Waterworks boosted its share price by $1 (7.7 percent) to close ...
DATE: Jan 17, 2008
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Next time you are sitting in a hotel lobby checking email on your laptop, be careful: The "businessman" in the next lounge chair may be tracking your every move.
Many Wi-Fi users do not know that hackers posted at hot spots can steal personal informa...
DATE: Jan 17, 2008
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NEW YORK (AP) - Wall Street staggered through another volatile session yesterday, finally closing mostly lower after a Federal Reserve report showed some economic growth at the end of 2007 and after Intel Corp.'s disappointing profit report.
Stocks g...
DATE: Jan 17, 2008
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NEW YORK (Bloomberg) — Bermuda-based Marvell Technology Group Ltd., the maker of chips for Apple Inc.'s iPod, lowered chief executive officer Sehat Sutardja's annual salary to $1 from $657,000.
Marvell also reduced the salaries of technology chief Pa...
DATE: Jan 17, 2008
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