49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - More than a year into the global financial crisis, one of economists' worst fears — a collapse in currency values by countries desperate to save their economies from ruin — is becoming a greater risk.
This week, with currencies b...
DATE: Jan 26, 2009
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MUNICH (Bloomberg) - Hannover Re, Germany's second-biggest reinsurer, agreed to take over Bermuda-based Scottish Re Group's business of reinsuring US life-reinsurance policies written by ING Groep NV.
Hannover Re will also "acquire the policy adminis...
DATE: Jan 26, 2009
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NEW YORK (Bloomberg) — General Motors Corp., Ford Motor Co., and Chrsyler LLC said about 988 of their auto dealerships closed or were consolidated last year.
The automakers, meeting with dealers at the National Automobile Dealers Association conventi...
DATE: Jan 26, 2009
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A satellite owned by Bermuda-based Intelsat may have to change its orbital position to avoid a collision with an out-of-control communications satellite that is hurtling toward it.
The Astra 5A satellite, owned by Luxembourg-based SES, has been spinn...
DATE: Jan 26, 2009
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TORONTO (Reuters) - With the Canadian government having already leaked deficit figures ahead of tomorrow's budget, investors are now focused on the specific measures that could boost sectors as diverse as construction and banking.
They will also be s...
DATE: Jan 26, 2009
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NEW YORK (Bloomberg) — American International Group Inc., the insurer peddling units to repay a US government loan, agreed to sell its Philippine retail bank and auto-lending unit to East West Banking Corp.
The deal to sell PhilAm Savings Bank, PhilA...
DATE: Jan 26, 2009
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The hope didn't last long, at least for some. Barack Obama wasn't President a day before we were brought smack back to the harsh realities of our economic times. The Dow Jones industrial average plunged more than 330 points, or four percent, on Inaug...
DATE: Jan 24, 2009
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Calling all of Bermuda's outstanding employers.
The Bottom Line Magazine has just launched its first ever Top 10 Outstanding Employers in Bermuda survey and is looking for the most exceptional organisations/businesses.
Among the areas that will be co...
DATE: Jan 24, 2009
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Q. What happened to Urban Outfitters Inc.? I thought it was such a hot company and stock. — L.R., via the Internet
A. The hip, teen-oriented retailer is feeling the pinch of the weak economy. Sales at existing stores declined one percent in November ...
DATE: Jan 24, 2009
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NEW YORK (Reuters) - Wall Street ended a difficult week with the broad S&P 500 closing higher yesterday as investors bought beaten-up financials on hopes of further aid from Washington, offsetting a disappointing outlook from General Electric (GE) th...
DATE: Jan 24, 2009
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