49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Reuters) - US carmaker General Motors plans to cut 354 jobs at its British Vauxhall plant in Luton.
Talks will begin with unions on the timing of the job losses which are to be voluntary, GM said yesterday.
"One element of the current plan is...
DATE: Dec 01, 2009
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Bermuda-based specialty insurer Torus has appointed Paul Lafferty as vice-president, property claims manager, with immediate effect.
This follows the announcement last week of the parallel appointment of Charles Stauber as Head of Torus' US casualty ...
DATE: Dec 01, 2009
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DUBAI (Bloomberg) — Dubai World's debt reorganisation is unlikely to hurt sovereign credit ratings of the United Arab Emirates and Abu Dhabi since assets at that sheikhdom's wealth fund exceed the country's debt, Moody's Investors Service said.
The A...
DATE: Dec 01, 2009
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Rumours of a mega-merger in the Bermuda reinsurance market are circulating again.
The latest report comes from Reinsurance magazine, which cites sources who say that Aspen and Ariel Re are "close to signing a merger agreements".
The story quotes Lond...
DATE: Dec 01, 2009
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - Atlantis Resources Corp is to test the world's biggest tidal turbine in the rough waters off the Orkney Islands next year in preparation for Scotland's plan to use ocean energy for half a million homes by 2020.
Tim Cornelius, chief...
DATE: Dec 01, 2009
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LONDON - Britain's leading share index shed 1.1 percent, ending at session lows, dragged back by weakness in oil majors and banks on lingering anxiety over the impact of Dubai's debt problems. The FTSE 100 closed at 5,190.68 points, down 55.05 or 1.0...
DATE: Dec 01, 2009
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WASHINGTON (AP) — The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.
The Federal Reserve Bank of New York said yesterday that investors a...
DATE: Dec 01, 2009
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NEW YORK (Bloomberg) — Warren Buffett's Berkshire Hathaway Inc. and Swiss Reinsurance Co. are among reinsurers that posted a second straight increase in policyholders' surplus in the US as weather-related claims dropped and prices rose.
The combined ...
DATE: Dec 01, 2009
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DUBAI (Bloomberg) — Dubai's government said it hasn't guaranteed the debt of Dubai World, the state-controlled holding company struggling with $59 billion in liabilities, and that creditors must help it restructure.
"It is correct that the government...
DATE: Dec 01, 2009
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The Ascendant Group Ltd. rose 25 cents (1.66 percent) to $15.25 on The Bermuda Stock Exchange (BSX) yesterday.
The utilities company traded 500 shares during the day.
Other traders included Bermuda Container Line Ltd., which saw 4,100 shares change h...
DATE: Dec 01, 2009
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