49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - MBIA Inc ousted chief executive Gary Dunton and replaced him with former CEO Joseph (Jay) Brown as the bond insurer scrambles to overcome mortgage-related losses, maintain a top credit rating and restore market confidence.
MBIA s...
DATE: Feb 20, 2008
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Congress has passed the tax rebate legislation emanating from the US Government's economic stimulus package. It will give a cheque of $1,200 for married taxpayers and $600 to single taxpayers. Individuals with children under 17 will get an additional...
DATE: Feb 19, 2008
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Butterfield Bank boosted its share price by $1.73 (10 percent) to close at $18.95 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank traded a total of 2,500 shares during the course of the day.
West Hamilton Holdings Ltd. als...
DATE: Feb 19, 2008
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NEW YORK (AP) - February's stock market so far has displayed more stability than January's, but Wall Street wants to see a stronger economy on the horizon before it trades confidently again.
Investors are not counting on this week's readings on housi...
DATE: Feb 19, 2008
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WASHINGTON (Bloomberg) - Westland/Hallmark Meat Co., the supplier of ground beef to US school lunch programs, recalled a record 143.4 million pounds of meat after the government said it was unfit for humans.
The company, based in Chino, California, w...
DATE: Feb 19, 2008
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Bermuda-based Flagstone Reinsurance Holdings Ltd. announced last night that full-year profits for 2007 rose by 10 percent to $167.9 million.
But profits for the fourth quarter of last year fell to $$51.4 million from $63.6 million in the same three m...
DATE: Feb 19, 2008
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AUTHOR:
Jonathan Kent
OTTAWA (Reuters) - The Bank of Canada will consider strong domestic demand, the impact on prices of the strong currency and the possibility of a more protracted US slowdown and tighter credit conditions when setting interest rates in March, Governor ...
DATE: Feb 19, 2008
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Bermuda-based satellite service operator Intelsat Ltd. has seen its corporate credit rating cut from 'B+' to 'B' by Standard & Poor's Ratings Services (S&P), with a stable outlook.
The downgrade reflects the significant increase in leverage resulting...
DATE: Feb 19, 2008
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Tax increases in announced in last week's Budget statement will add to the expense of employing people and will affect local companies' hiring decisions.
That was the consensus among three leading business people who gave their reactions to the Finan...
DATE: Feb 19, 2008
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TOKYO (Reuters) - Japan's Toshiba Corp will have to swallow its pride, exiting from its DVD war with Sony, but analysts say it's a smart move to cut its losses now rather than later.
By pulling the plug, Toshiba will be able to save some $450 million...
DATE: Feb 19, 2008
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