76472 results returned for search: "" category "Business"
Bermuda-based Orbis Mutual Funds will cease to use HSBC Bank of Bermuda as one of its administrative banks and is switching most of its funds to Citigroup by the end of this year.
The Fund made the announcement on its web-site yesterday, explaining t...
DATE: Apr 25, 2007
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AUTHOR:
Jonathan Kent
An improvement in the value of Argus shares helped lift the Royal Gazette / Bermuda Stock Exchange 17.32 points (0.34 percent) to a close of 5164.7.
Insurance and pension company Argus was the only stock to show movement.
Shares in the group improved...
DATE: Apr 25, 2007
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Bermuda-based IPC Holdings Ltd. last night reported net income of $77.2 million for the first quarter and said it would repurchase up to $200 million of shares over the next 12 months.
IPC's net income was up by $14.6 million on the same period last ...
DATE: Apr 25, 2007
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CATEGORY:
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AUTHOR:
Jonathan Kent
TO get an idea of how wildly popular community sites such as YouTube have become, take note of Ryan Fitzgerald, an unemployed 20-year-old who has more than his 15 minutes of fame.Fitzgerald, who obviously had nothing to do with his time, decided to l...
DATE: Apr 25, 2007
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NEW YORK (AP) — Wall Street was mixed, recovering from an early loss as investors shrugged off disappointing housing and consumer confidence data to focus on stronger-than-expected quarterly earnings. The Dow Jones industrials set a new trading high,...
DATE: Apr 25, 2007
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Bermuda biggest company Ace Ltd. last night reported a 43-percent surge in first-quarter earnings to $701 million.
The insurer and reinsurer enjoyed improvements across the board as net investment income, combined ratio and underwriting income result...
DATE: Apr 25, 2007
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CATEGORY:
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AUTHOR:
Jonathan Kent
TORONTO (Reuters) - The Toronto Stock Exchange’s main index ended lower as investors dumped shares of financial institutions after the Bank of Canada held rates steady but cautioned that inflation has ticked higher than it expected.The S&P/TSX compos...
DATE: Apr 25, 2007
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Four Bermuda insurers and reinsurers last night reported a combined $1.4 billion in profits for the first quarter, signalling a spectacular start to the year for the Island's biggest industry.
Most of the earnings came from the Island's "big two", a...
DATE: Apr 25, 2007
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SAN JOSE, California (AP) — California continues to employ far more technology workers, pay higher wages and attract more venture capital than any other state. But the overall US tech sector is also growing at a surprisingly brisk clip — for now.That...
DATE: Apr 25, 2007
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Record first quarter profits of $549.7 million have been posted by XL Capital, easily outperforming market analysts' expectations.
The Island's second-biggest insurance and reinsurance company also reported that European windstorm Kyrill made less im...
DATE: Apr 25, 2007
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CATEGORY:
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AUTHOR:
Scott Neil
