49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (Bloomberg) - Timothy Geithner, President Barack Obama's nominee for Treasury secretary, said he believes that the federal government needs to consider the registration of hedge fund managers.
"The financial crisis has highlighted the urge...
DATE: Jan 23, 2009
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Argus Group Holdings Ltd.'s shares enjoyed a busy day's trading on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The insurance company's share value rose by 25 cents (2.7 percent) to $9.55, with 1,222 shares traded.
But Devonshire I...
DATE: Jan 23, 2009
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NEW YORK - US stocks slid yesterday, after Microsoft's proposed job cuts and disappointing earnings shook investors, while economic data showed further deterioration in the labour and housing markets.
Microsoft Corp.'s stock fell nearly 12 percent at...
DATE: Jan 23, 2009
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Bermuda's tourism industry faces another tough year ahead, with cruise ship visits up by only one for 2009 compared to last year, but significantly down on three years prior to that, according to the draft 2009 Cruise Ship Schedule.
The schedule, whi...
DATE: Jan 23, 2009
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Bermuda-based insurer Ironshore has raided American International Group to sign up three more recruits to its growing business.
Former AIG Landmark president Steven England will be the executive vice-president responsible for running Ironshore's new ...
DATE: Jan 23, 2009
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TORONTO (Bloomberg) - Canadian stocks dropped for the third time this week as economic reports heightened concern that financial companies and energy producers' earnings will be hurt as the recession deepens and fuel demand wanes.
Royal Bank of Canad...
DATE: Jan 23, 2009
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The Argus Group is being sued by a life insurance client who saw their policy's cash value slump due to investment exposure to funds operated by disgraced financier Bernard Madoff.
The legal move came after Argus sent out an e-mail to some clients la...
DATE: Jan 23, 2009
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AUTHOR:
Jonathan Kent
Bermuda's luxury homes market is still buoyant despite the current economic crisis, with total sales up at $63 million in 2008 compared to an annual average of $40 million over the last 10 to 15 years, according to one of the Island's top real estate...
DATE: Jan 23, 2009
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LONDON (AP) — A plunging pound. Surging unemployment. Worries the banking system may collapse and take the country's credit rating with it.
Fears are growing that Britain's economy is falling off a cliff amid the world financial crisis. Growth figure...
DATE: Jan 23, 2009
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NEW YORK (Reuters) - Microsoft Corp stunned Wall Street with disappointing results that included plans to slash up to 5,000 jobs and a warning that profit and revenue will almost certainly drop over the next two quarters.
The news from the world's la...
DATE: Jan 23, 2009
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