49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (AP) — Citigroup Inc. suffered its fourth straight quarterly loss and cut another 11,000 jobs, drubbed again by the relentless downturn in housing and turmoil in the financial markets.
The New York-based bank said yesterday it lost $2.8 bill...
DATE: Oct 17, 2008
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Argus shares hit a new 52-week low of $12.70 yesterday, dropping $0.05 (0.39 percent) after 2,200 shares were traded.
Butterfield Bank fared better, rising $0.05 (0.42 percent) to close at $11.85 after 59,412 shares changed hands.
Overall the Royal G...
DATE: Oct 16, 2008
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Development at one of Bermuda's top resorts, Tucker's Point Club, is right on track, despite the fallout from the financial crisis, according to the project boss.
The club's Dive and Watersports Centre and Harbour Court Residence Club both opened at ...
DATE: Oct 16, 2008
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The current global financial crisis was the focus for delegates at a top reinsurance conference held at the Fairmont Hamilton Princess hotel yesterday.
Among the topics up for debate were the trends and issues impacting the reinsurance industry at th...
DATE: Oct 16, 2008
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Bermuda's economy is in a recession and the Island is at a turning point in its history.
That is the reality facing the Island's business community according to US Consul General Gregory Slayton, who was talking to delegates as keynote speaker on the...
DATE: Oct 16, 2008
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Bermuda-based White Mountains Insurance Group has suffered a five percent drop in its invested assets value for the third quarter of 2008.
In a press release on preliminary third quarter earnings on Monday, the company said while it does not invest i...
DATE: Oct 16, 2008
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NEW YORK (AP) — Investors agonising over a faltering economy sent the stock market plunging all over again yesterday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair...
DATE: Oct 16, 2008
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NEW YORK (Bloomberg) — New York Attorney General Andrew Cuomo is investigating "unwarranted and outrageous expenditures" at American International Group Inc., which received an $85 billion federal bailout last month.
In a letter to AIG's board of dir...
DATE: Oct 16, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index plunged again yesterday as resource stocks were pressured by falling commodity prices on concerns global economic weakness would cut demand.
The tumble chipped away at big gains made Tuesday...
DATE: Oct 16, 2008
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Bermudians should start living "beneath their means" to best ride out the global economic downturn, according to former Government statistician Cordell Riley.
"Just because you can afford something doesn't necessarily mean that you should have it," M...
DATE: Oct 16, 2008
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