49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (Bloomberg) - Tyco International Ltd., the world's biggest maker of security and fire systems, will close a plant in Puerto Rico and fire 600 employees in order to move the operations to a lower-cost area.
The Aguadilla plant will shut in ...
DATE: Apr 11, 2008
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LONDON (Reuters) - The Bank of England cut interest rates for the third time in five months yesterday to cushion the economy from the global credit squeeze, despite persistent worries about rising inflation.
The central bank said the quarter-percenta...
DATE: Apr 11, 2008
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Commercial lines insurance premiums experienced the largest quarterly drop since 2005, during the first quarter of 2008, according to the RIMS Benchmark Survey, an industry survey of policy renewal prices as reported by corporate risk managers.
Undet...
DATE: Apr 10, 2008
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NEW YORK (AP) — The upward trend in energy prices showed no sign of abating yesterday as gasoline set yet another record at the pump and crude oil topped $112 a barrel for the first time in the futures market.
The national average price of a gallon o...
DATE: Apr 10, 2008
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DALLAS (AP) - American Airlines canceled more than 1,000 flights yesterday, more than one-third of its schedule, as it spent a second straight day inspecting the wiring on some of its jets - the same issue that caused it to scrub hundreds of flights ...
DATE: Apr 10, 2008
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Flagstone Re has been voted runner-up property/casualty reinsurer of the year in the Reactions Magazine's 2008 Readers Awards.
The Church Street-based reinsurer, which was only formed in 2005, came just behind first-placed General Re and ahead of thi...
DATE: Apr 10, 2008
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NEW YORK (Bloomberg) — Citigroup Inc. is in talks to sell $12 billion of loans at a loss to Apollo Management LP, Blackstone Group LP and TPG Inc. as part of an effort to shrink the bank's balance sheet, a person briefed on the matter said.
A sale to...
DATE: Apr 10, 2008
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Work permit backlogs at Immigration are adding to hoteliers' difficulties in finding and retaining the foreign staff they need in light of a shortage of Bermudians employees in the hospitality industry.
That was one of the points made by business peo...
DATE: Apr 10, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index ended slightly higher yesterday, as nagging worries over fall-out from the credit crunch offset strong resource issues, as oil surged to a record high.
The energy sector, which makes up abou...
DATE: Apr 10, 2008
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WASHINGTON (Bloomberg) — The International Monetary Fund urged US policy-makers to strengthen their response to the housing slump and called on the European Central Bank to lower interest rates as the global economy cools.
The Washington-based lender...
DATE: Apr 10, 2008
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