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Butterfield Bank saw its share price rise five cents (0.43 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank finished up at 11.50 with 1,270 shares traded.
The only other trader was Argus Group Holdings Ltd., which ...
DATE: Nov 20, 2008
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Some 230 employees of Citi in Bermuda will have to wait to find out the fate of their jobs after the massive corporation announced this week it would be cutting 52,000 jobs from its operations globally.
Inquiries to the local Citi office on whether j...
DATE: Nov 20, 2008
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Ace Ltd.'s shares fell 20 percent — the most in 15 years — after Citigroup Inc. downgraded the firm on an analyst's expectations of reinsurance costs arising from equity-based retirement products.
Last night the insurer responded by saying that even ...
DATE: Nov 20, 2008
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AUTHOR:
Jonathan Kent
LONDON (AP) — Shareholders of Lloyds Group TSB voted overwhelmingly in favour of a government-brokered takeover of rival HBOS PLC yesterday.
Lloyds investors backed the deal, with 95.98 percent of votes in favour, at a meeting in Glasgow, despite a u...
DATE: Nov 20, 2008
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WASHINGTON (Reuters) - US auto executives appeared on Capitol Hill for a second day yesterday to argue their case for a $25 billion aid package as legislators in both houses and in both parties seemed to move closer to a deal.
The hearings, before th...
DATE: Nov 20, 2008
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Bermuda will host the Latin American Risk and Insurance Managers Association (ALARYS) meeting for the second time next year.
Around 200 delegates attended the event when it was staged at the Fairmont Southampton in 2004, but more are expected next ti...
DATE: Nov 20, 2008
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Computer users will be able to enjoy higher speed Internet for the same price after Bermuda's Internet service providers (ISPs) went head to head with the launch of their latest 3meg and 4meg services.
North Rock Communications introduced the first 3...
DATE: Nov 20, 2008
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NEW YORK (Reuters) - US stocks plunged to their lowest in five-and-a-half years yesterday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
Shares of General...
DATE: Nov 20, 2008
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BELLEVUE - (Bloomberg) — Microsoft Corp. chief executive officer Steve Ballmer said all acquisition talks with Yahoo! Inc. are "done," even after Yahoo CEO Jerry Yang said he would step down. Yahoo fell as much as 13 percent in Nasdaq trading.
"We th...
DATE: Nov 20, 2008
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Flagstone Reinsurance Holdings Ltd. announced yesterday that Tony Latham has joined its board of directors.
Mr. Latham is a former member of the Group Executive of RSA Group plc where he held a variety of senior executive roles over a period of 17 ye...
DATE: Nov 20, 2008
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