76422 results returned for search: "" category "Business"
STOCKHOLM (Bloomberg) — Bermuda-based West Siberian Resources Ltd., the Stockholm-traded Russian oil producer, agreed to buy closely held OAO Alliance Oil Co. for about $1.5 billion in stock to add refining capacity as oil prices soar.
Alliance Oil w...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
The Royal Gazette/Bermuda Stock Exchange Index (BSX) experienced one of its quietest day's trading of the year yesterday.
No share prices changed, but Argus Group Holdings Ltd. (16,100 shares), Butterfield Bank (9,200), BELCO Holdings Ltd. (300) and ...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
NEW YORK (AP) - A growing conviction that the US is headed toward recession sent Wall Street plunging yesterday, with weak retail sales figures and a disappointing quarterly report from Citigroup Inc. exacerbating investors' pessimistic mood. The Dow...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
TOKYO/NEW YORK (Reuters) - Merrill Lynch & Co. Inc's scramble to raise capital — spurred by huge mortgage losses — continued yesterday with a $6.6 billion offering of preferred shares to a group that includes US, Japanese and Kuwaiti investors.
The s...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
British Airways plans to launch a new airline in June that will offer direct service between New York and the European mainland, catering mainly to business and affluent leisure travellers.
The new carrier, named "OpenSkies," will begin with service ...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
NEW YORK (Reuters) - Citigroup Inc said yesterday it plans to raise $14.5 billion, slash its dividend and cut 4,200 jobs to help shore up its balance sheet after a huge write-down for mortgages led to a record quarterly loss of $9.83 billion.
The cap...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
WASHINGTON (Reuters) - Current and former CEOs of three major US financial institutions deeply involved in the widening sub-prime mortgage crisis were asked this week by a Congressional committee to testify at a hearing next month on their massive pa...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Sales at US retailers may rise no more than one percent in January, less than the International Council of Shopping Centers estimated last week, as consumers limit spending in the face of declining housing prices.
The ICSC lowe...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
LONDON (AP) - The new owners of music label EMI Group - home of the Rolling Stones, Coldplay and the Spice Girls - said yesterday that they plan to cut up to 2,000 jobs, or more than a third of its work force, in a restructuring aimed at offsetting t...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
Fitch Ratings has affirmed American International Group, Inc.'s issuer default rating (IDR) at "AA" and affirmed all of AIG's insurance subsidiaries. The rating outlook is stable.
Fitch said the affirmations "reflect AIG's pre-eminent global insuranc...
DATE: Jan 16, 2008
|
CATEGORY:
Other
|
