49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) - US prosecutors who used wiretaps to make their insider trading case against billionaire Raj Rajaratnam, founder of hedge fund firm Galleon Group, said they will use similar tactics to fight future crimes on Wall Street.
US Atto...
DATE: Oct 19, 2009
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NEW YORK (Reuters) - US stocks could slip this week if the spate of earnings from bellwethers including Apple Inc. and Caterpillar Inc. do not live up to heightened expectations.
After a 60 percent run-up in the stock market since March and the Dow a...
DATE: Oct 19, 2009
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The slow trickle of insurers setting up in Bermuda started again last month, with two companies incorporating on the Island during September.
Nautilus Reinsurance Ltd., a Class 2 self-managing reinsurer, was formed on September 3, with Class 3A insur...
DATE: Oct 19, 2009
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Travel agency C Travel plans to downsize its Queen Street office and have many of its staff working from home via the Internet by early next year.
The company's chief executive officer, Carl Paiva, said the plan marked a "revolutionary shift in our b...
DATE: Oct 19, 2009
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A Bermuda-based family office and wealth management firm has announced plans to expand overseas with the setting up of new offices in the US and Canada to meet growing customer demand.
Family Office Reporting Solutions (FORS) Ltd., which provides ser...
DATE: Oct 19, 2009
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Stevedoring Services Ltd.'s profits plunged more than 60 percent in the year up to the end of March 2009 as the volume of goods imported through Hamilton docks slumped.
And company chairman Henry Hayward said in a letter to shareholders, dated last F...
DATE: Oct 19, 2009
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AUTHOR:
Jonathan Kent
Banks were hard hit on The Bermuda Stock Exchange (BSX) last week.
LOM (Holdings) Ltd. slipped 65 cents (16.25 percent) to $3.35, with 500 shares traded, while Butterfield Bank's common shares dropped 10 cents (2.04 percent) to $4.80, as 3,400 shares...
DATE: Oct 19, 2009
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NEW YORK (Reuters) - The dollar recovered some of the week's losses on Friday, as news of a large quarterly loss at Bank of America and flagging consumer confidence dulled investor demand for higher-yielding, higher-risk currencies.
The greenback hit...
DATE: Oct 19, 2009
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NEW YORK (Bloomberg) - Fidelity Investments, Goldman Sachs Group Inc. and Paulson & Co. are gaining from the surge in US life-insurance stocks after placing bets on an industry that lost $52 billion last year.
Fidelity became the biggest shareholder ...
DATE: Oct 19, 2009
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A forward-thinking Bermuda-based IT and technology solutions provider has taken full advantage of the economic crisis to boost its staffbase, open new offices and launch a suite of new services.
Fireminds, which is run by ambitious entrepreneur Micha...
DATE: Oct 19, 2009
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