49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - Oil prices fell yesterday after government data showed an increase in US gasoline inventories ahead of the July 4 Independence Day holiday, traditionally the peak of the summer driving season.
Gasoline stockpiles in the world's t...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
SAN FRANCISCO (Bloomberg) - As many as one in five US hotel loans may default through 2010 as the recession means companies are spending less on travel and perks, according to University of California economist Kenneth Rosen.
The value of hotel prope...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
LONDON - London's top share index closed 2.2 percent higher, fuelled by a rise in the oil price which prompted a strong rally in commodity stocks, and on hopes that the recession may be drawing to a close. The FTSE 100 closed at 4,340.71 points, up 9...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
NEW YORK (AP) - The stock market's third quarter began on a positive note yesterday after some reassuring data on manufacturing and the housing market.
The gains were tempered, though, ahead of today's June jobs report.
"That's going to be the big on...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
The Bermuda Stock Exchange Index (BSX) slumped 69.89 points (three percent) to 2,259.03 yesterday.
The Index traded 50,700 shares worth $253,600, while the BSX Insurance Index finished the day up 15.07 points (1.86 percent) at 825.18.
Among the trade...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) - Securities Investor Protection Corp., the government-charted agency liquidating Bernard Madoff's defunct business, said $231 million has been committed from its reserves to pay 543 claims by the con man's victims.
The agency, k...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
CHICAGO (Bloomberg) - Stanford Group chief financial officer James Davis will plead guilty as part of a federal probe of a $7 billion Ponzi scheme at the Texas company, his lawyer David Finn said.
Mr. Davis will continue to co-operate with the invest...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
Employees of First Atlantic Commerce (FAC), a Bermuda-based, online multi-currency payment and risk management solutions provider, this week won the Team Spirit Award after participating in the annual Catlin End-to-End charity fund raising event held...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
Flagstone Reinsurance Holdings Ltd. last night threw its hat in the ring in the contest to acquire its fellow Bermuda reinsurer IPC Holdings Ltd.
Flagstone is offering 2.638 shares of its stock plus $5.50 in cash for each IPC share - a bid which it c...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda's re/insurers could take several years to recover from the record investment losses suffered in 2008, according to an industry report released this week.
The survey by New York-based Deloitte LLP, which compiled data from 24 of the Island's l...
DATE: Jul 02, 2009
|
CATEGORY:
Other
|
