49296 results returned for search: "" category ("Other" AND "Business")
FRANKFURT, Germany (AP) — Luxury sports car maker Porsche SE said yesterday that sales in the first four months of its fiscal year slid nearly 10 percent as the global economic downturn pinched demand.
The Stuttgart-based maker of the 911 sports car ...
DATE: Dec 19, 2008
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NEW YORK (Bloomberg) - FedEx Corp. on Thursday announced more broad cost cuts — including salary reductions — as deteriorating economic conditions continue to drag down demand, warning the outlook for 2009 remains murky.
Chief Executive Frederick W. ...
DATE: Dec 19, 2008
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Offshore law firm Appleby has opened its latest office in Zurich, Switzerland, located in Bahnhofstrasse 52.
The Zurich office will be led by Jonathan Vanderkar, a partner in the firm, who has been a member of the Banking and Asset Finance Team in th...
DATE: Dec 19, 2008
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LONDON (AP) — The pound sank to a new record low against the euro yesterday as the government debt's burden hit its highest level in almost a quarter century and a leading Bank of England rate-setter hinted that interest rates could be cut to zero.
B...
DATE: Dec 19, 2008
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NEW YORK (Bloomberg) — Mary Schapiro, a top brokerage regulator tapped to head the U.S. Securities and Exchange Commission, is likely to promote an overhaul of the nation's financial-market regulations, including a possible merger of the SEC with the...
DATE: Dec 19, 2008
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One of Bermuda-domiciled Wilton Re Holdings Ltd.'s US subsidiaries is being sued by a 47-year-old widow for refusing to pay out on a $150,000 life insurance policy for her late husband that was submitted - and automatically issued - on-line on the sa...
DATE: Dec 19, 2008
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It proved to be a quiet day on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with only 48 shares being traded.
Butterfield Bank was the only trader, but its share price held firm, as the Index opened and closed at 3,429.31 with no m...
DATE: Dec 19, 2008
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NEW YORK (Reuters) - US crude prices dropped more than nine percent to $36 a barrel yesterday as slumping demand and swelling US inventories offset Opec's record supply cut agreement.
The Organisation of the Petroleum Exporting Countries on Wednesday...
DATE: Dec 19, 2008
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LONDON (Reuters) - Woolworths, a bastion of the British high street that sold everything from sweets to toasters, will close by January 5 with the loss of 27,000 jobs unless a last-minute buyer can be found.
It would be the first big name business in...
DATE: Dec 19, 2008
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Torus Insurance Holdings (Bermuda) Ltd. is set to take over the renewal rights of New Castle Re contracts, signalling the continued withdrawal of Citadel Investment Group (CIG) from Bermuda's reinsurance market in the face of increasing pressure on i...
DATE: Dec 19, 2008
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