49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - US stocks rose yesterday on investors' optimism over a $68 billion pharmaceutical takeover and a surprise rebound in US home sales in December, but gold climbed above $900 an ounce in safe-haven buying.
An unexpected uptick in US...
DATE: Jan 27, 2009
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NEW YORK (Reuters) - With Wall Street in the middle of an earnings free fall, investors will eye any moves from the White House this week to revive banks and craft a recovery plan to salvage the economy from its year-long recession.
Investors also wi...
DATE: Jan 27, 2009
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Utilities was the busiest sector on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
KeyTech Ltd. saw its share price rise 25 cents (2.5 percent) to $10.25, with 800 shares traded.
But Belco Holdings Ltd. slid 95 cents (5.6 percent) to...
DATE: Jan 27, 2009
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Energy equipment and services company Weatherford International Ltd. saw its fourth-quarter net income increase by 5.2 percent.
The Bermuda-based oilfield services provider yesterday posted net income of $348.1 million, or 50 cents per share, on reve...
DATE: Jan 27, 2009
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WP Stewart & Co. Ltd. has been granted a primary listing of its common shares on the Bermuda Stock Exchange, the investment company announced yesterday.
The company also said it had applied to the US Securities and Exchange Commission to deregister i...
DATE: Jan 27, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based insurer Ironshore has formed a joint venture with Maurice (Hank) Greenberg's CV Starr & Co., Inc. to create Iron-Starr Excess Agency Ltd.
Iron-Starr Excess will act as a specialty lines insurance and reinsurance managing general agency,...
DATE: Jan 27, 2009
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LONDON (AP) — Shares in British Airways PLC slid over seven percent yesterday after the company warned that it would likely post an operating loss of £150 million ($207 million) for its full fiscal year ending in March amid tough trading conditions a...
DATE: Jan 27, 2009
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LONDON (Bloomberg) — Bermuda-based BW Gas Ltd., the world's largest operator of liquefied natural gas tankers, agreed to buy four LNG vessels and will raise as much as $228 million in a share sale to existing investors.
The shipping line will pay $72...
DATE: Jan 27, 2009
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NEW YORK (Reuters) - Former Merrill Lynch chief executive John Thain defended the acquisition of the brokerage by Bank of America Corp and said the bank knew of Merrill's losses and bonuses before the merger closed.
In a memo to Merrill employees, Th...
DATE: Jan 27, 2009
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TORONTO (Reuters) - Toronto's main stock index rebounded yesterday as a rally in the financial and energy sectors offset pressure from the materials group.
A recovery in beaten-down bank shares overseas helped set the direction on the Toronto Stock E...
DATE: Jan 27, 2009
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