49296 results returned for search: "" category ("Other" AND "Business")
TORONTO (Reuters) - The Toronto Stock Exchange's main index finished lower yesterday in a broad decline sparked by losses in the financial-services sector on nagging worries over more fallout from the credit crunch.
Canadian Tire was the biggest drag...
DATE: Aug 08, 2008
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Insurance broker Marsh Inc. is to shed 900 more jobs from its global workforce, the company announced yesterday.
The announcement came after Marsh's parent company Marsh & McLennan Cos. (MMC) announced yesterday that second-quarter profits fell 63 pe...
DATE: Aug 07, 2008
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The Bermuda Stock Exchange (BSX) has joined the European Securitisation Forum (ESF), an affiliate of the Securities Industry and Financial Markets Association (SIFMA).
The ESF is a professional forum through which participants in the European securit...
DATE: Aug 07, 2008
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Bermuda Aviation Services Ltd. (BAS) has received a further setback in its long-running case against Government after the date for a decision by arbitration was moved back two months.
BAS took Government to court back in June 2007, filing a writ agai...
DATE: Aug 07, 2008
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MONTERREY, MEXICO (Bloomberg) - Foster Wheeler Ltd., the Hamilton, Bermuda-based designer of oil refineries, said second-quarter profit more than doubled on higher international demand and that CEO Raymond Milchovich will retire next year.
Net incom...
DATE: Aug 07, 2008
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NEW YORK (Bloomberg) — Bermuda-based Arlington Tankers Ltd. is to be bought out by by General Maritime Corp., the second-biggest US oil tanker owner.
General Maritime's share price rose 8.5 percent yesterday to $26.26 after its said it would buy Arli...
DATE: Aug 07, 2008
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NEW YORK (AP) - Wall Street logged another winning day yesterday as a drop in oil prices and a better-than-expected profit report from technology bellwether Cisco Systems Inc. helped corral the market's worries about the financial sector.
Oil extende...
DATE: Aug 07, 2008
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XL Capital Ltd.'s (Cayman Islands) $500 million series C preference shares issued in connection with its Mangrove Bay Pass Through Trust (Bermuda) contingent capital facility have been assigned a debt rating of "bb+" by AM Best Co.
The rating is unde...
DATE: Aug 07, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index climbed strongly higher yesterday, spurred by a rebound in resource sectors and a strong quarterly profit from fertiliser firm Agrium.
The materials and energy groups were the main impetus f...
DATE: Aug 07, 2008
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NEW YORK (Bloomberg) American International Group Inc., the world's biggest insurer by assets, posted a $5.36 billion loss as write-downs tied to the housing slump wiped out profit for a third straight quarter. Shares fell 7.9 percent in extended tra...
DATE: Aug 07, 2008
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