49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (AP) — The value of loans held by the 21 largest institutions getting support from the government's $700 billion bailout fund fell in April, the fifth decline in six months.
The Treasury Department's monthly report of lending activity yest...
DATE: Jun 16, 2009
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NEW YORK (Bloomberg) — Victims of Bernard Madoff's record-setting Ponzi scheme described him as a "monster" and "serial criminal" who deserves "no hope" and "no forgiveness" in 113 letters sent to the judge who will sentence him on June 29.
Federal p...
DATE: Jun 16, 2009
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NEW YORK (AP) — Bad economic news and doubts about the market's ability to rally dealt stocks a huge setback.
The Dow Jones industrials fell 187 points yesterday, their biggest drop since April 20. All the major market indexes fell more than two perc...
DATE: Jun 16, 2009
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Local stocks fell slightly last week on slight declines by Butterfield Bank and LOM (Holdings) Ltd.
The Royal Gazette / Bermuda Stock Exchange closed Friday on 2,361.95, a fall of 9.32 points, or 0.4 percent, over the five trading days.
Butterfield, ...
DATE: Jun 16, 2009
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Just nine days after opening its $200 million preference share issuance, Butterfield Bank has stopped taking applications from prospective investors.
On Friday the bank also confirmed that investors in the preferred stock would get a return of exactl...
DATE: Jun 16, 2009
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AUTHOR:
Jonathan Kent
Understanding our economy: today we are introducing a new series featured once a month on the workings of the Bermuda economy. We know that we in Bermuda, along with the rest of the world, are facing a recession, or so we are told, by the media and g...
DATE: Jun 13, 2009
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Perhaps the US economy is on to a new phase. The general consensus is that we've hit bottom and recovery will start before 2010 does.
Stocks are up almost 40 percent from March lows, demonstrating to disappointed investors that it takes way more than...
DATE: Jun 13, 2009
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Two subjects this week: a spot of economic crystal-ball gazing and then a political coincidence I'm keen to share with you. This being a finance column, we'll begin with how to make more money.
Interest rates are near historic lows. This is because p...
DATE: Jun 13, 2009
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Q. We have held shares of Eli Lilly & Co. for years. Are they still a good investment for the future? — P.J., via the Internet
A. The innovative pharmaceutical company is known for its strong product pipeline, but it faces industry-wide pressures of ...
DATE: Jun 13, 2009
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) opened and closed at 2,361.95 yesterday.
The Index saw 6,990 shares traded worth $72,660.
Butterfield Bank and Belco Holdings Ltd. were the only traders, with 3,790 and 3,200 shares respectively ch...
DATE: Jun 13, 2009
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