49296 results returned for search: "" category ("Other" AND "Business")
DETROIT (AP) — A potential deal for General Motors Corp. to acquire Chrysler LLC is slowly moving forward, but the transaction is being hampered by an inability to borrow the money needed to make it happen, according to a person involved in the finan...
DATE: Oct 22, 2008
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LONDON (Bloomberg) — Prudential Plc, the UK's second- largest insurer, said it may bid for Asian assets of American International Group Inc. to expand in a region where the British company gets almost half its sales.
New business for nine months to S...
DATE: Oct 22, 2008
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NEW YORK (Bloomberg) — AMR Corp.'s American Airlines, now in its third year of contract talks with its pilots union, is frustrated with the pace and depth of the negotiations, the carrier's lead labour executive said.
The Allied Pilots Association, w...
DATE: Oct 22, 2008
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Europe's largest hedge fund manager has established a presence on the Island by listing two of its funds on the Bermuda Stock Exchange (BSX).
BH Global Ltd. and BH Macro Ltd., both closer-ended feeder funds managed by Brevan Howard Offshore Managemen...
DATE: Oct 21, 2008
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SHANGHAI, China (AP) — The Chinese economy expanded by just nine percent in the third quarter, the National Statistics Bureau said, its most sluggish pace in five years.
After years of straining to meet soaring demand for its exports, China is grappl...
DATE: Oct 21, 2008
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The International Monetary Fund (IMF) has called for the Bermuda Monetary Authority to have more "direct intervention tools in the event of impending bank failure".
An IMF report on the Island's Financial Sector Supervision was released last Friday a...
DATE: Oct 21, 2008
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Allied World Assurance Company Holdings Ltd. announced yesterday that it has completed its acquisition of US-based specialty insurer Darwin Professional Underwriters, Inc.
Based in Farmington, Connecticut, Darwin will become part of Allied World's US...
DATE: Oct 21, 2008
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After a quiet trading day the Royal Gazette/Bermuda Stock Exchange closed unchanged at 3,717.34.
Both Butterfield Bank and Belco Holdings were active - with 7,087 shares and 1,100 shares trading respectively - but both closed unchanged.
Butterfield s...
DATE: Oct 21, 2008
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Bermuda-based reinsurer Everest Re Group Ltd. last night posted a loss of $233.1 million for the third quarter after being hit by catastrophe and investment losses.
The loss, which included net realised capital losses, broke down to $3.80 per share, ...
DATE: Oct 21, 2008
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AUTHOR:
Jonathan Kent
ALEXANDRIA, Louisiana (AP) — President Bush is open to a second government stimulus package, the White House said yesterday after Federal Reserve chairman Ben Bernanke told lawmakers that the time was ripe for another, "significant" stimulus to energ...
DATE: Oct 21, 2008
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