49296 results returned for search: "" category ("Other" AND "Business")
DETROIT (AP) — A General Motors Corp. bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw a plan to swap bond debt for company stock yesterday.
GM has until Monday to complete a government-ordered restructur...
DATE: May 28, 2009
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LONDON (AP) — British telecom BT Group PLC has scrapped pay rises and most bonuses for 2008, the company said yesterday, after two profit warnings from the unit that provides network services to multinationals.
BT said there would be no bonuses paid ...
DATE: May 28, 2009
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Argus Group Holdings Ltd. yesterday announced it had agreed in principle to settle a class action lawsuit pending in a New York court relating to losses stemming from the Bernard Madoff fraud.
The case had been brought against Argus and Argus Interna...
DATE: May 28, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — American International Group Inc., the insurer bailed out by the US, should require candidates for its top job to release the same personal financial data the government demands from senior officials, a congressman said.
Anyone...
DATE: May 28, 2009
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LONDON (AP) — Banco Santander SA said yesterday that it plans to bring all of its UK operations under the Santander brand by the end of next year.
The Spanish bank owns three UK businesses: Alliance & Leicester, Abbey and the savings business of Brad...
DATE: May 28, 2009
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COLUMBUS, Ohio (AP) — Oil and gasoline prices hit a new high for the year Wednesday despite expectations that Opec will not cut production again and more bad news arrived for the nation's automakers.
Benchmark crude for July delivery rose $1 to settl...
DATE: May 28, 2009
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LONDON (Bloomberg) — Bermuda-based Frontline Ltd., the world's largest operator of supertankers, may say first-quarter profit fell 78 percent as oil producers curbed output to bolster prices.
Frontline will probably say net income dropped to $48.9 mi...
DATE: May 28, 2009
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Six staff are to lose their jobs at Meyer-Franklin Travel this week, the company announced last night.
A fall in airline ticket sales and a slashing of commissions by airlines has forced the agency to restructure its business, Meyer-Franklin Travel p...
DATE: May 28, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Small business owners can now consult a guide on insuring their interests.
The Bermuda Small Business Development Corporation on Tuesday launched the Insurance Guide for Small Business, an eight-page document provided by the BSBDC and the Freisenbruc...
DATE: May 28, 2009
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TORONTO (Reuters) - Toronto's main stock index snapped a three-session winning streak yesterday, tumbling more than one percent as rising yields on US government debt fanned fears of higher borrowing costs, which delay an economic recovery.
The heavi...
DATE: May 28, 2009
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