49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — American International Group Inc. rescinded an award of restricted shares to former chief executive officer Robert Willumstad, who was ousted before he could turn around the insurer.
Willumstad, AIG's CEO for about three months...
DATE: Jan 02, 2009
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NEW YORK (AP) — The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year — the worst since the Great Depression, wiping out $6.9 trillion in stock market wealth.
Six years of stock gains disappeared as the economy crumbl...
DATE: Jan 02, 2009
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The Royal Gazette / Bermuda Stock Exchange Index lost almost a third of its value in 2008 — one of its worst ever years — as major local companies struggled during the global economic downturn.
The BSX Index closed the year at 3,417, down 1,492.9 poi...
DATE: Jan 02, 2009
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AUTHOR:
Jonathan Kent
COLUMBUS, Ohio (AP) — Oil prices jumped above $44 per barrel on the last day of 2008, wrapping up what has been the most turbulent year ever for crude markets in which crude gave up four years of gains in just five months.
It may be a temporary spike...
DATE: Jan 02, 2009
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The deadline for a decision on the new contract for the Dockyard Cement Facility has expired with no announcement being made about who will be awarded the deal.
Leaseholder Maxcem's six-month contract ran out at the end of last year and Island Cement...
DATE: Jan 02, 2009
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Variety will be on the menu when St. George's latest new restaurant opens its doors tonight, in time to bring in 2009.
Polaris bar and restaurant, which is based at St. George's Dinghy & Sports Club on Cut Road, will serve everything from breakfast, ...
DATE: Dec 31, 2008
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This year's technology markers included the rise of smart phones and Internet connected devices, led off by releases of the iPhone 3G, Google G1, the Blackberry Storm and Nokia N97 smart phones. Do not forget the iPod Touch, which gets rid of the pho...
DATE: Dec 31, 2008
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NEW YORK (Bloomberg) — Billionaire Warren Buffett's Berkshire Hathaway Inc. won a $224 million bet with Florida after the state side-stepped major damage from hurricanes this year.
Florida's option agreement that would have compelled Buffett to buy $...
DATE: Dec 31, 2008
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Stress management is one of the key components to having a healthy and effective workforce. That is according to Paul Loftus, a Montreal-based industrial/organisational psychologist, who will be giving a seminar on the very topic at the Bermuda Insur...
DATE: Dec 31, 2008
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NEW YORK (AP) - Wall Street staged a big advance in the next to last session of 2008 yesterday after Washington's latest lifeline to the auto industry bolstered hopes that the government will do whatever is necessary to cut short the recession.
Inves...
DATE: Dec 31, 2008
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