49296 results returned for search: "" category ("Other" AND "Business")
Two new insurance companies incorporated in Bermuda in January, regulator the Bermuda Monetary Authority said yesterday. Class three Alphacat Reinsurance was established by Validus Managers Ltd., while class two Grand Indemnity Company Ltd. was set u...
DATE: Feb 19, 2009
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LONDON (AP) — Administrators who control the bankrupt Zavvi group of entertainment stores said yesterday they will close 18 more stores and put another 446 people out of work.
Zavvi, formerly Virgin Megastores, collapsed on Decemebr 24 and the compan...
DATE: Feb 19, 2009
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I have ignored the Twitter fad for some time now. I just do not have the time to send text messages to provide details of my life.
Yet Twitter seems to be popular among the younger journalists just starting in the profession, as I can see from the re...
DATE: Feb 18, 2009
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Investment losses wiped out a profitable underwriting performance for Montpelier Re Holdings Ltd., which reported a net loss of $47.7 million for the fourth quarter.
Operating income totalled $57 million for the three months ended December 31, or 68 ...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - Part-nationalised Royal Bank of Scotland will pay out only the legal minimum in bonuses for last year, totalling £175 million ($249 million), as the government sought to quell public anger over payouts for bankers.
Finance minister...
DATE: Feb 18, 2009
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The Royal Gazette / Bermuda Stock Exchange (BSX) fell for a sixth successive day as power company Belco Holdings Ltd. dipped 2.7 percent.
The BSX Index closed the day at 2,955.58, down 8.22 points, or 0.28 percent.
Belco fell 45 cents to $16.05 on th...
DATE: Feb 18, 2009
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DETROIT (AP) — General Motors Corp., presenting a dire outlook for the future, said yesterday it may need $30 billion in total government financing to weather the economic downturn and would cut 47,000 jobs worldwide and shutter five more US factorie...
DATE: Feb 18, 2009
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london (Bloomberg) — Scor SE, France's biggest reinsurer, sold $200 million of three-year bonds to transfer the risk of losses on US earthquakes and hurricanes, the first issue of its kind since the collapse of Lehman Brothers Holdings Inc.
"Scor's d...
DATE: Feb 18, 2009
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Catastrophe reinsurance specialist IPC Holdings Ltd. passed a stern test of its business model by making net income of $90.4 million last year.
The 15-year-old Bermuda company's net income for the year was down by more than three quarters compared to...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
HOUSTON/ST JOHN'S, Antigua (Reuters) - Texas billionaire Allen Stanford and three of his companies were charged with "massive ongoing fraud" yesterday as federal agents swooped in on his US headquarters.
In a complaint filed in federal court in Dalla...
DATE: Feb 18, 2009
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