49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — US retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years.
Retailers will close 12,000 stores in 2009, according to Howard Davidowitz,...
DATE: Dec 30, 2008
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NEW YORK (AP) - Wall Street retreated yesterday as continuing violence in the Middle East and a resulting jump in oil prices reminded investors that the market could face problems beyond the recession. The collapse of a Dow Chemical Co. joint venture...
DATE: Dec 30, 2008
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BERLIN (AP) — Insurers' losses from natural disasters rose by about 50 percent in 2008, with Caribbean hurricanes Ike and Gustav powering the increase and climate change increasingly a factor, a leading reinsurer said yesterday.
Munich Re AG said in ...
DATE: Dec 30, 2008
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Butterfield Bank was the only trader on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank saw its share price drop five cents (0.46 percent) to $10.60, with 11,740 shares traded.
Overall the Index fell 8.74 points (0.26 percent...
DATE: Dec 30, 2008
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FRANKFURT (Bloomberg) - Allianz SE's industrial insurance unit will no longer provide so-called "fronting" for competitors XL Capital Ltd. and American International Group Inc., Financial Times Deutschland (FTCD) aid, citing an interview with divisio...
DATE: Dec 30, 2008
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Lawson Mapp has quite literally proved that his whole career and business is a "sign of the times".
For the former Mayor of Hamilton, who runs Mapp Signs Ltd. based in North Road, Pembroke, celebrated 40 years in business on December 27.
And during t...
DATE: Dec 29, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the insurer that's promised more than $450 million to employees to get them to stay, has lost at least 20 managers to competitors including several Bermuda companies.
Hiscox, Ironshore, Arch, ...
DATE: Dec 29, 2008
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LIMA (Reuters) - Peru's transportation regulator has put the Machu Picchu railroad concession of Bermuda-based Orient-Express Hotels under review, as would-be competitors pressure the luxury tourism company to open its tracks to competition.
The comp...
DATE: Dec 29, 2008
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NEW YORK (Reuters) - The US dollar rose versus the yen on Friday after data showing sharp declines in Japan's industrial output and inflation fuelled speculation the Bank of Japan would pump large amounts of cash into the economy.
However, the dollar...
DATE: Dec 29, 2008
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A trading week shortened to just two-and-a-half days brought little change to The Royal Gazette / Bermuda Stock Exchange (BSX) Index.
Three stocks moved - all downward - amid light trading, as 6.146 shares changed hands. Turnover was $70,810.60.
The ...
DATE: Dec 29, 2008
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