49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (AP) - Investors barreled into stocks for a second day, betting that corporate profits will surge as the global economy recovers.
The Dow Jones industrial average rose 132 points, bringing its two-day advance to 244, as major stock indicator...
DATE: Oct 07, 2009
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LONDON (AP) — British Airways PLC is shedding 1,000 jobs, putting 3,000 more employees on part-time work and reducing the size of cabin crews at Heathrow in an effort to get the troubled airline's finances back in order, a spokesman said yesterday.
B...
DATE: Oct 07, 2009
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Bermuda-based Nordic American Tanker Shipping Ltd. is to expand its fleet of oil tankers to 17.
The company said yesterday that it had purchased its latest suezmax vessel for $51.5 million, to be delivered by the end of next month.
The purchase of t...
DATE: Oct 07, 2009
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Bermuda Commercial Bank's shares plunged 43 percent ($4.15) on The Bermuda Stock Exchange (BSX) yesterday.
The bank closed the day down at $5.50, with 2,308 shares traded.
Overall the Index dropped 42.64 points (1.8 percent) at 2,332.72, as 2,308 sha...
DATE: Oct 07, 2009
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Former chairman, CEO and founder of Renaissance Re Jim Stanard's latest venture has received a financial boost from private equity firm Aquiline Capital Partners LLC.
Mr. Stanard, who resigned from RenRe, which he had founded in late 1992, after the ...
DATE: Oct 07, 2009
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When billionaire investors like Wilbur Ross and Warren Buffett start seeing bargains in the Bermuda insurance market, it's a sign that there are some undervalued companies around.
Mr. Buffett's Berkshire Hathaway was one of the bidders for Bermuda re...
DATE: Oct 07, 2009
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AUTHOR:
Jonathan Kent
Insurance industry veteran Anthony Taylor will continue to serve as Montpelier Re Holdings Ltd. chairman after his contract with the Bermuda company expires at the end of this year.
But as of January 1, he will cease to be executive chairman and inst...
DATE: Oct 07, 2009
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White Mountains Re Bermuda Ltd. has seen its financial strength rating (FSR) of A- (excellent) and issuer credit rating (ICR) of "a-" withdrawn.
In its place, the subsidiary of White Mountains Re Group Ltd. has been assigned an FSR of NR-5 (not forma...
DATE: Oct 07, 2009
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LONDON - Britain's top share index closed 2.3 percent higher, as heavyweight commodity and bank issues rallied on renewed hopes over the gathering pace of the global economic recovery, ahead of the third-quarter US earnings season. The FTSE 100 close...
DATE: Oct 07, 2009
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Suddenly Twitter seems less annoying. The online messaging service derided by comedians such as Jon Stewart as "inane chatter" proved to be a life-saver in the Philippines this week. So was the networking site Facebook, which Filipinos used it to ple...
DATE: Oct 07, 2009
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