49296 results returned for search: "" category ("Other" AND "Business")
Local stocks fell on Tuesday before the Bermuda Stock Exchange took a break yesterday for the Remembrance Day holiday.
Shares of shipping company Bermuda Container Line Ltd. (BCL) lost more than a quarter of their value in a day and there were also l...
DATE: Nov 12, 2009
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LONDON (Bloomberg) — The UK's sovereign credit rating is most at risk among top-rated nations, Fitch Ratings said, citing concern over the country's budget deficit.
The rating faces risks because the UK needs "the largest budget adjustment", David Ri...
DATE: Nov 12, 2009
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Net income: $15 million compared to a net loss of $27.5 million in 2008
Net premiums written: $221.4 million compared $113.2 million in 2008.
Combined ratio: 96.3 percent compared to 94.4 percent in 2008.
DATE: Nov 12, 2009
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The waste of taxpayers' money by Government has gone on for too long — coming to a head with a multi-million dollar payout for contravening a company's exclusive rights — and needs to be tackled immediately, according to UBP leader Kim Swan.
Mr. Swan...
DATE: Nov 12, 2009
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Bermuda-based Nordic American Tanker Shipping Ltd. (NAT) has agreed to acquire its 18th vessel - a double-hull suezmax tanker built in a Far Eastern shipyard in 2002 - for $51.5 million.
The vessel is expected to be delivered to the company no later ...
DATE: Nov 12, 2009
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NEW YORK (AP) — AIG CEO Robert Benmosches says he plans to stay in his job at the embattled insurer.
American International Group Inc. has released a letter Benmosche sent to employees yesterday following a Wall Street Journal report that said he was...
DATE: Nov 12, 2009
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LONDON (AP) — Banking group HSBC Holdings PLC said on Tuesday that pretax profit for the third quarter was "significantly ahead" of the same period last year and that losses on US consumer loans had shrunk for the first time in three years.
The upbea...
DATE: Nov 12, 2009
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PALO ALTO, California (AP) — Hewlett-Packard Co. says it has agreed to buy networking software and equipment maker 3Com Corp. for about $2.7 billion in cash.
The 3Com products will be folded into HP's own networking equipment business. HP says the de...
DATE: Nov 12, 2009
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LONDON (AP) — Britain's Lloyds Banking Group PLC said on Tuesday that it plans to cut about 4,300 jobs and transfer 680 more in a series of reorganisational moves in its group operations, insurance and retail division.
The bank, which was bailed out ...
DATE: Nov 12, 2009
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LONDON (Bloomberg) — Bermuda-based insurers Hiscox Ltd. and Catlin Group Ltd., as well as Amlin plc, which has reinsurance operations on the Island, were rated "buy" in new coverage at UBS, according to a report this week.
DATE: Nov 12, 2009
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