76472 results returned for search: "" category "Business"
The share prices of both Butterfield Bank and its takeover target Bermuda Commercial Bank fell yesterday, knocking 13.74 points off The Royal Gazette/Bermuda Stock Exchange Index.
The Index closed down 0.28 percent at 4,883.53.
On a light day of trad...
DATE: Oct 27, 2006
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NEW YORK (Bloomberg) ? MBIA Inc., the world's biggest bond insurer, reported a 54 percent rise in third-quarter profit, mostly because of a $75 million charge in the year-ago period to cover anticipated penalties from a regulatory investigation.
Net ...
DATE: Oct 27, 2006
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HOUSTON (Bloomberg) ? Nabors Industries Ltd., the world's largest onshore oil and natural-gas driller, probably will surpass this year's record profit in 2007 because of high energy prices, Chief Executive Officer Gene Isenberg said.
The prospect of ...
DATE: Oct 27, 2006
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NEW YORK Bermuda-based asset manager WP Stewart & Co. said third-quarter profit shrank 71 percent as trading activity slowed dramatically, and the company earned less from management fees.The company posted third-quarter net income of $3.5 million, ...
DATE: Oct 27, 2006
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Mickey's Bistro is shedding its image as a summer beach side location and will be open for the duration of the winter season as an alternative venue for alfresco dining.
"We are keeping Mickey's open during the winter for first time since we opened b...
DATE: Oct 26, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 55.55 points yesterday to close at 4,897.26.
In moderate but active trading, Argus fell $1.50 to close at $13 as investors traded in 11,500 shares and Bermuda Commercial Bank fell 45 cents to close ...
DATE: Oct 26, 2006
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NEW YORK (Bloomberg) ? Liberty Mutual Group and Safeco Corp. are bidding for the US insurance arm of Credit Suisse Group?s Winterthur, a unit that may fetch as much as $1.5 billion, said three people involved in the auction.
Boston-based Liberty Mutu...
DATE: Oct 26, 2006
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NNEW YORK (Bloomberg) ? Robert Trosten, the former chief financial officer of bankrupt futures trader Refco Inc., told a judge he is innocent of charges that he defrauded investors of more than $1 billion.
Trosten, 37, who was indicted on Tuesday, en...
DATE: Oct 26, 2006
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VIENNA (Bloomberg) ? Ex-Bawag PSK Bank chief executive Helmut Elsner and Wolfgang Flottl, who traded on the bank?s behalf, were among nine people charged by Austrian prosecutors over 1.44 billion euros ($1.8 billion) in failed hedge-fund investments....
DATE: Oct 26, 2006
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Strng catastrophe reinsurance premiums in the wake of the record 2005 hurricane season helped Endurance Specialty Holdings Ltd. post a $128.2 million profit in the 206 third quarter, the company said last night.
Endurance posted net income of $1.74 a...
DATE: Oct 26, 2006
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