49296 results returned for search: "" category ("Other" AND "Business")
Bermuda Financial Network Ltd. became the second money transfer service to open on the Island this month, when it started operations in conjunction with Western Union on Monday.
The service allows customers to transfer money almost instantaneously to...
DATE: May 21, 2008
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AUTHOR:
Owain Johnston-Barnes
SAN FRANCISCO (AP) — A few years ago, drums of used french fry grease were only of interest to a small network of underground biofuel brewers, who would use the slimy oil to power their souped-up antique Mercedes.
Now, restaurants from Berkeley, Cali...
DATE: May 21, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index finished above 15,000 for the first time yesterday, propelled by a surge in energy and gold producers amid a continuing run-up in oil prices.
Oil and gas companies were among the biggest adv...
DATE: May 21, 2008
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LONDON (Bloomberg) — Citigroup Inc. Chairman Win Bischoff said that banks may be emerging from a trough after losses caused by the collapse of the US sub-prime mortgage market.
"In relation to the sub-prime area, we're through the worst," Bischoff sa...
DATE: May 21, 2008
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Earlier this month, employees at Grossbard & Associates in Houston found an extra $50 in their paycheques. The small accounting firm added the money — and plans to continue doing so on an interim basis — to help its 28 workers cope with rising gasoli...
DATE: May 21, 2008
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NEW YORK (AP) — Wall Street stumbled yesterday after oil prices spiked to a new record above $129 a barrel and a government report raised investors' concerns about the impact of inflation on consumer spending. The Dow Jones industrials fell nearly 20...
DATE: May 21, 2008
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NEW YORK (Bloomberg) — Crude oil rose above $129 a barrel in New York for the first time after billionaire hedge-fund manager Boone Pickens said oil will reach $150 a barrel this year because supply isn't keeping up with demand.
Producers are "runnin...
DATE: May 21, 2008
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NEW YORK (Bloomberg) — Bermuda-based MF Global Ltd., the world's largest broker of exchange-traded derivatives, reported a $71.1 million loss after a futures-trading scandal and said it would sell JC Flowers & Co. as much as $300 million in equity to...
DATE: May 21, 2008
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Belco Holdings Ltd. was the only company to see a change in share price on the Royal Gazette/Bermuda Stock Exchange (BSX) Index yesterday, falling by 4.76 percent.
The power company closed with a value of $20, down $1, on the trading of 3,700 shares....
DATE: May 21, 2008
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NEW YORK (Bloomberg) — Bermuda-based bond insurer CIFG Guaranty, which lost its AAA ratings in March, was downgraded to junk by Moody's Investors Service because of the potential for insolvency.
The ratings were cut seven levels to Ba2, two steps bel...
DATE: May 21, 2008
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