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The Royal Gazette/Bermuda Stock Exchange Index closed unchanged yesterday on 4,866.13 points in light trading.
A total of 2,800 shares worth $118,450 changed hands.
Butterfield Bank was unchanged for the second successive day on $56 with 1,900 shares...
DATE: Dec 01, 2006
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NEW YORK (Bloomberg) ? New York Attorney General Eliot Spitzer, invoking terms of bid-rigging settlements reached earlier this year, yesterday told Ace Ltd. and three other insurers that they must stop paying hidden commissions to brokers of automobi...
DATE: Dec 01, 2006
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It wasn’t easy for Heather Brandon to stay home during her babies’ first year of life. It meant a two-thirds drop in her family’s income to below $30,000 at one point, wearing thrift-store clothes and eating “a lot of rice and beans,” says the Spring...
DATE: Dec 01, 2006
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NEW YORK (Bloomberg) — US Airways Group Inc. chief executive Doug Parker met with Delta Air Lines Inc. executives and members of Delta’s creditors committee to pitch his plan to acquire the bankrupt carrier.Parker briefed the committee on his $8.43 b...
DATE: Dec 01, 2006
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HOUSTON (Bloomberg) — Shares of Nabors Industries Ltd., the world’s largest onshore drilling contractor, jumped to a three-month high on Wednesday, rising with other US-based energy service companies as natural gas prices rallied.Nabors shares rose $...
DATE: Dec 01, 2006
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NEW YORK (Reuters) — Maurice (Hank) Greenberg, the former head of insurer AIG, approached Morgan Stanley chief executive John Mack about buying the New York Times Co., a source familiar with the matter told Reuters.While Mack rejected the plan, specu...
DATE: Dec 01, 2006
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SAN FRANCISCO (Bloomberg) — A Smith Barney broker in Florida and a former broker in Southern California joined a lawsuit against the investment firm, claiming it continues to discriminate against women after settling sexual harassment claims in 1997....
DATE: Dec 01, 2006
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NEW YORK (AP) — Wal-Mart Stores Inc. issued a sobering warning for the holiday shopping season yesterday, predicting its December same-store sales gain would be no better than 1 percent.The news, coupled with Wal-Mart’s expected announcement that it ...
DATE: Dec 01, 2006
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MOSCOW (Bloomberg) ? IPOC International Growth Fund Ltd., a Bermuda-based mutual fund that owns Russian telecommunications assets, yesterday denied an Interfax report it plans to invest in OAO VimpelCom.
IPOC denied the report in a one-sentence state...
DATE: Dec 01, 2006
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Lloyd's of London insurer Amlin this week predicted full-year earnings were on track to come in much higher than forecasts after the benign 2005 hurricane season.
The London-listed insurer, which opened up a new operation in Bermuda earlier this year...
DATE: Dec 01, 2006
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