49296 results returned for search: "" category ("Other" AND "Business")
BOSTON (Reuters) - Investors flocked to money-market funds in the US in October to escape battered stock and bond markets, helping to reverse the record outflows of the previous month, data showed.
US mutual funds posted net inflows of $38.4 billion ...
DATE: Nov 21, 2008
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NEW YORK (Bloomberg) — Hedge funds worldwide shrank by nine percent to $1.56 trillion last month, the lowest level in two years, after investors withdrew cash and stock markets declined.
Investors pulled $40 billion from hedge funds in October, accor...
DATE: Nov 21, 2008
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NEW YORK (Bloomberg) — Allied World Assurance Company Holdings Ltd., the Bermuda-based insurer whose co-founders include American International Group Inc. and Chubb Corp., has drawn down $250 million of a credit line to bolster its capital.
"The comp...
DATE: Nov 21, 2008
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There will be a distinct South American flavour to the centre of Hamilton when Latin restaurant opens its doors tonight.
The new venture, which is based in Bermuda's first ever official 'green' building at Victoria Place, 29 Victoria Street, will com...
DATE: Nov 21, 2008
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LONDON (AP) — Rolls-Royce Group PLC said yesterday it plans to cut up to 2,000 jobs next year as demand for its products slumps amid the global economic downturn.
The world's second largest maker of aircraft engines said it plans to slash 140 jobs at...
DATE: Nov 21, 2008
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NEW YORK (Reuters) — Citigroup Inc's largest individual investor gave the troubled bank new support, saying he would boost his stake modestly, but failed to revive investor confidence as the bank's shares tumbled another 25 percent.
Saudi Prince Alwa...
DATE: Nov 21, 2008
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NEW YORK (Bloomberg) — Syncora Holdings Ltd.'s bond insurance unit, seeking to restructure guarantees on mortgage-backed securities, had its financial strength rating cut to below investment grade by Standard & Poor's.
Syncora Guarantee Inc.'s rating...
DATE: Nov 20, 2008
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CINCINNATI (AP) — The world's largest consumer products company and the online search leader are working together to learn more about each other and about targeting customers.
Procter & Gamble Co. said yesterday it has done job swaps with Google Inc....
DATE: Nov 20, 2008
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Invest in individual companies and do not put all of your money into one industry during the current financial crisis.
That was advice given to concerned investors at the Bermuda Investment Advisory Services's (BIAS) quarterly market briefing for the...
DATE: Nov 20, 2008
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The Bermuda-based captive owned by US power company Duke Energy had its financial strength rating affirmed at A- (excellent) by AM Best yesterday. Bison Insurance Company Ltd. also had its issuer credit rating affirmed at "a-" and the outlook for bot...
DATE: Nov 20, 2008
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