49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Apple Inc. rose as much as nine percent in Nasdaq trading after soaring iPhone sales lifted profit and chief executive officer Steve Jobs said customers will stay loyal in a recession.
"We may get buffeted around by the waves a...
DATE: Oct 23, 2008
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NEW YORK (Bloomberg) — Yahoo! Inc., owner of the second most popular Internet search engine, is socking away cash for potential acquisitions, fuelling speculation that an agreement to buy Time Warner Inc.'s AOL unit is close.
The company is conservin...
DATE: Oct 23, 2008
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PartnerRe Ltd. suffered a net loss of $151.7 million, or $3.01 per share, after being hit with a $281.1 million realised and unrealised loss on investments during the third quarter of 2008.
The reinsurer, which made a profit of $262.9 million, or $4....
DATE: Oct 23, 2008
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A glimmer of optimism is emerging for insurers in the wake of what has been one of the most difficult quarters the industry has faced, as some suggesting the trend of declining rates could be about to change.
Bermuda insurers to have declared their t...
DATE: Oct 23, 2008
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AUTHOR:
Jonathan Kent
Allied World Assurance Company Holdings Ltd. has announced that John Gauthier, CFA, has joined the company as senior vice-president and chief investment officer.
In this new role, Mr. Gauthier will oversee the management of the company's investment ...
DATE: Oct 23, 2008
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Motorists are finally getting a break at the gas pumps after a dramatic slide in the price of oil over the last few months.
Government announced new fuel prices yesterday with the price of gasoline slashed by 14 percent.
The announcement means that t...
DATE: Oct 23, 2008
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Bread still costs the same as it did three months ago, while potatoes were more expensive in October compared to July, according to the latest price survey by The Royal Gazette.
A loaf of Sunbeam white bread remained at $4.75, with a 5lb bag of potat...
DATE: Oct 23, 2008
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The Royal Gazette/Bermuda Stock Exchange fell 160.85 points yesterday — a 2.75 percent decline — to close at 3,776.49.
Both Butterfield Bank and KeyTech saw shares decline.
Butterfield Bank fell $0.80 (6.17 percent) after 1,000 shares traded, closing...
DATE: Oct 23, 2008
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NEW YORK (AP) — Wall Street tumbled again yesterday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones...
DATE: Oct 23, 2008
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NEW YORK (Bloomberg) — Willis Group Holdings Ltd., the world's third-largest insurance broker, posted a 46 percent drop in profit, cut its earnings forecast for this year and said goals for 2009 and 2010 are being reviewed.
Net income for the third q...
DATE: Oct 23, 2008
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