49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Apple Inc. rose 6.7 percent in Nasdaq trading as holiday demand beat estimates last quarter, helping allay concerns the recession and the absence of chief executive officer Steve Jobs will stymie growth.
Overseas demand for iPo...
DATE: Jan 23, 2009
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BF&M Ltd. continued its rich vein of trading, with its share price rising 25 cents (1.45 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The insurer closed the day at $17.45, with 3,300 shares traded.
Belco Holdings Ltd. b...
DATE: Jan 22, 2009
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Bermuda-based Arch Capital Group Ltd. yesterday announced it had received approval in principle from regulators to set up a new managing agent and syndicate at Lloyd's and had also set up a new European reinsurance unit.
Arch said it expects its new ...
DATE: Jan 22, 2009
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AM Best Co. has affirmed the financial strength rating of A+ (superior) and issuer credit rating of "aa-" of HSBC Life (International) Ltd. (Bermuda). The outlook for both ratings is stable.
Concurrently, AM Best has withdrawn the ratings at the comp...
DATE: Jan 22, 2009
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US Consul General Gregory Slayton has hit out at corporate inversions after hinting they bring few jobs but a lot of bad headlines.
Companies including industrial giants Ingersoll-Rand and Cooper Industries have relocated their headquarters to Bermud...
DATE: Jan 22, 2009
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Bermuda-based insurer Catlin Group Ltd. yesterday announced the addition of casualty facultative reinsurance to its portfolio of products underwritten by Catlin US.
Scott Beall, director of casualty facultative reinsurance, will direct the design, de...
DATE: Jan 22, 2009
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NEW YORK (Reuters) - Bermuda-based bond insurer Assured Guaranty Ltd. said its proposed acquisition of Belgian lender Dexia's troubled US bond insurance unit cleared an antitrust hurdle.
Assured said the waiting period under the Hart-Scott-Rodino Ant...
DATE: Jan 22, 2009
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LONDON (Bloomberg) — Frontline Ltd., the world's largest owner of supertankers, was raised to "neutral" from "sell" by Goldman Sachs Group Inc., which cited demand for storing crude oil at sea. Shore-based oil storage facilities are "almost full", sp...
DATE: Jan 22, 2009
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NEW YORK (Bloomberg) — Maurice (Hank) Greenberg, the former chief executive officer of American International Group Inc., will probably sit out auctions to break apart the insurer he built over four decades, an outcome he calls a "tragedy".
AIG shoul...
DATE: Jan 22, 2009
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NEW YORK (Reuters) - US stocks jumped yesterday, rebounding from a two-month low, after a surprisingly healthy earnings report from IBM fueled optimism that technology may fare better than other sectors during the recession.
Financial stocks outperfo...
DATE: Jan 22, 2009
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