76459 results returned for search: "" category "Business"
LONDON (AP) — Vodafone Group PLC shareholders voted yesterday against plans by a rebel investor group to overhaul the company by spinning off its majority stake in US-based Verizon Wireless and massively increasing its debt.Shareholders overwhelmingl...
DATE: Jul 25, 2007
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Bermuda's insurance and reinsurance giant Ace Ltd. has recorded a 13 percent rise in its second quarter profits to $649 million, despite suffering catastrophe losses of $88m as a result of floods in the UK, US and Australia.
The catastrophe losses ar...
DATE: Jul 25, 2007
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AUTHOR:
Scott Neil
Platinum Underwriters Holdings Ltd. announced a mixed bag of results for its second quarter, with net income on the increase, but net premiums written down.
Net income rose $8.9 million (10.9 percent) compared to the same quarter last year, while the...
DATE: Jul 25, 2007
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The fate of Bermuda Aviation Services Ltd.'s (BAS) case against the Government over an alleged breach of its exclusive rights to provide private jet services at L.F. Wade International Airport could be decided as early as today.
BAS CEO Kenneth Joaqu...
DATE: Jul 25, 2007
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NEW YORK (AP) — Wall Street pulled back sharply yesterday as investors dealt with disappointing earnings reports and rising concerns about the mortgage market. The Dow Jones industrials fell more than 200 points.DuPont Co. was the Dow's biggest loser...
DATE: Jul 25, 2007
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Profits fell almost $7 million at Montpelier Re during the second quarter of the year to $50.7m, with gross written premiums down $108m year-on-year.
The company did however improve its combined ratio from 72.9 to 70 percent.
A massive $65m was spent...
DATE: Jul 25, 2007
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AUTHOR:
Scott Neil
NEW YORK (AP) — With lines snaking around Apple stores and hype in overdrive, the iPhone seemed like a good investment — not for keeping but for reselling.There are, after all, plenty of examples of popular products in short supply attracting huge pr...
DATE: Jul 25, 2007
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Bermuda-based Security Capital Assurance Ltd. yesterday announced that second-quarter profits had fallen 36 percent to $25.9 million. In the same three-month period, SCA's net income totalled $36.4m.
The company's performance looks better when viewed...
DATE: Jul 24, 2007
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AUTHOR:
Jonathan Kent
LONDON - Britain's top share index rose as a bout of merger and acquisition activity among financial stocks offset lingering concerns over the US mortgage market ahead of corporate results later this week.
The FTSE 100 closed at 6624.4 points, up 39....
DATE: Jul 24, 2007
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WASHINGTON (Bloomberg) — US airline insurance aid and the Amtrak passenger railroad are among the targets in President George W. Bush's threat to veto a transportation bill.The proposal pending in the House would let airlines pay below-market rates f...
DATE: Jul 24, 2007
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