49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Bermuda-based Security Capital Assurance Ltd., under pressure from Fitch Ratings to come up with $2 billion, said it won't raise new capital.
"The unprecedented uncertainty and instability affecting our industry make it impract...
DATE: Jan 24, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index rebounded from early losses to end slightly higher yesterday, as the financial sector posted a late turnaround amid talk of capital infusions for US bond insurers.
The heavyweight financial ...
DATE: Jan 24, 2008
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NEWARK, New Jersey (Bloomberg) - American International Group Inc. (AIG) bypassed its normal risk review in what prosecutors say was a sham transaction to inflate loss reserves by $500 million, a witness testified at the trial of five insurance execu...
DATE: Jan 24, 2008
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TRENTON, New Jersey (AP) - Health care products maker Johnson & Johnson's profit rose almost 10 percent in the fourth quarter as revenues jumped by double digits despite sales drops for two key product lines.
The New Brunswick, New Jersey-based maker...
DATE: Jan 23, 2008
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Bermuda's variable-rate mortgage holders got a boost yesterday when three of the Island's biggest lenders announced a a cut in their borrowing rates.
Butterfield Bank was the first to announce a 0.25-percent cut in its base rate.
HSBC Bank of Bermuda...
DATE: Jan 23, 2008
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AUTHOR:
Jonathan Kent
It's good times for those in the information security profession, with demand for their services rising. The 2006 (ISC)²/IDC Global Information Security Workforce Study indicates that the number of professionals in the career world-wide will increase...
DATE: Jan 23, 2008
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LONDON (AP) — Pearson PLC, the publishing company that owns the Financial Times newspaper, forecast record annual profits yesterday, saying that businesses across the group achieved sales growth.
Pearson, which also publishes Penguin books and textbo...
DATE: Jan 23, 2008
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LONDON (Bloomberg) — British Airways Plc, Europe's third-largest airline, was downgraded to "neutral" from "buy" at Merrill Lynch after the bank cut its profit estimate for the carrier, citing a weaker economy and higher fuel prices.
Merrill analyst ...
DATE: Jan 23, 2008
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Government should consider amending or even scrapping work permit time limits as they are potentially driving skilled workers out of Bermuda and into the arms of its competitors, Chamber of Commerce president PhilBarnett said yesterday. Speaking abou...
DATE: Jan 23, 2008
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CHARLOTTE, North Carolina (AP) — Hurt by the deepening credit crisis, Bank of America Corp. said yesterday its fourth-quarter earnings fell 95 percent, and Wachovia Corp. reported that profit tumbled 98 percent.
Net income at Bank of America, the nat...
DATE: Jan 23, 2008
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