49296 results returned for search: "" category ("Other" AND "Business")
MINNEAPOLIS (AP) — US Airways Group Inc. said yesterday it lost $541 million in the fourth quarter on a mix of sour fuel hedges and operating losses.
"Clearly from a financial perspective we're happy to put 2008 behind us," chairman and chief executi...
DATE: Jan 30, 2009
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TORONTO (Bloomberg) - Canadian stocks fell, snapping a four-day rally, as oil's retreat and Petro-Canada's loss sent energy shares lower and worse-than-estimated earnings at US insurer Allstate Corp. spurred a drop in banks and insurers.
Petro-Canada...
DATE: Jan 30, 2009
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Butterfield Bank has made a number of new executive appointments as part of a management reshuffle at the bank.
Curtis Dickinson has been appointed executive vice-president of wealth management, Jim Stewart as executive vice-president and chief risk ...
DATE: Jan 30, 2009
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DETROIT (Reuters) - Ford Motor Co posted a deeper-than-expected $5.9 billion quarterly loss yesterday but said it would have the cash to survive the worst downturn in auto sales in decades without a US government bailout.
Ford said it was cutting som...
DATE: Jan 30, 2009
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Consumer confidence in Bermuda is at a 10-year low, according to the latest statistics released by the Bermuda Omnibus Survey.
The Consumer Confidence Index (CCI) has dropped from 100 in June 1998 to 64 in December 2008, reaching the lowest point rec...
DATE: Jan 30, 2009
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LONDON (Reuters) - Britain unveiled plans to provide universal broadband access yesterday as it believes the £50 billion digital industry will help the country move out of recession.
A report by Communications minister Lord Carter said Britain would ...
DATE: Jan 30, 2009
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NEW YORK (Bloomberg) — Arch Capital Group Ltd., a Bermuda-based insurer, said fourth-quarter operating profit probably dropped after the company increased its loss estimate for Hurricane Ike.
Operating profit in the period was $75 million to $90 mill...
DATE: Jan 30, 2009
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Hamilton's new office space is set to expand even further with Magnolia Towers the latest development to join the growing list of construction projects.
The development, which will be built on the site of the now demolished 15 Parliament Street build...
DATE: Jan 30, 2009
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NEW YORK (Reuters) - US stocks tumbled yesterday, derailing a four-day surge in the S&P and Nasdaq as poor earnings coupled with a fresh wave of bleak labour market and housing data heightened fears of a deep recession.
A day after financials propell...
DATE: Jan 30, 2009
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Bermuda Stock Exchange (BSX)-listed Fabian Romania Ltd. has sold out to Black Sea Global Properties Ltd. (BSGP) after accepting an offer for its shares from the Bulgaria real estate company.
Last month, BSGP made a recommended cash offer for the enti...
DATE: Jan 30, 2009
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