49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Former American International Group Inc. head Maurice (Hank) Greenberg, who described the insurer as in "crisis" after a record fourth-quarter loss, said he may be reluctant to sell his shares "at this price".
AIG, the world's ...
DATE: May 14, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index fell back from a record high yesterday, weakened by retreating oil and gas shares as investors took the opportunity to lock in profits.
The heavyweight energy sector eased 0.5 percent despit...
DATE: May 14, 2008
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The man who was widely thought to be the true owner of the Bermuda-based IPOC Fund has been fired as Russian Telecommunications Minister.
Leonid Reiman was named by a Swiss arbitration panel in 2006 as the true owner of the Fund, though he has always...
DATE: May 14, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (AP) — Wall Street turned in a mixed performance yesterday after a fresh report on retail sales and a new oil price record told investors the same old story: The economy is hurting and costs are rising, but things could be worse.
The Commerc...
DATE: May 14, 2008
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WASHINGTON (AP) — Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve chairman Ben Bernanke said yesterday.
The central bank has taken a number of unconventional steps — especially since Marc...
DATE: May 14, 2008
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KeyTech Ltd. saw its shares rise in value by 5.55 percent yesterday, rising from $13.50 to $14.75 at the close on the trading of 1,900 shares.
Belco Holdings Ltd. didn't fare as well, dropping $1, or 4.87 percent, over the course of the day, finding ...
DATE: May 14, 2008
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Flights to London may be a little less expensive this summer, as long as you book soon.
British Airways announced a one-week seat sale, offering round-trip flights to London for $499, plus tax and charges, between May 26 and September 3 of this year,...
DATE: May 14, 2008
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AUTHOR:
Owain Johnston-Barnes
The redomestication of Ace Ltd.'s holding company to Switzerland will change nothing as regards the company's operations in Bermuda, the company's chief executive officer Evan Greenberg said yesterday.
Ace Ltd. has its roots in Bermuda and has long b...
DATE: May 13, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Montpelier Re Holdings Ltd. yesterday welcomed the lifting of the negative outlook on its credit ratings by Standard & Poor's.
Last week S&P said it was changing the outlook to stable from negative. At the same time the agency...
DATE: May 13, 2008
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LONDON (Bloomberg) — Bermuda-based Hiscox Ltd., a Lloyd's of London insurer, said premium revenue declined 10 percent in the first quarter of this year as the company withdrew from less profitable underwriting.
Premium income fell to £321.3 million (...
DATE: May 13, 2008
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