49296 results returned for search: "" category ("Other" AND "Business")
Fears over an imminent US recession, a weak American dollar and the sub-prime mortgage crisis have failed to impact significantly on Bermuda's housing market.
That is according to Coldwell Banker Bermuda Realty's agency manager Susan Thompson, who cl...
DATE: Jan 23, 2008
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Bermuda-based White Mountains Insurance Group is building up its interests in online insurance.
The company, which owns Esurance, announced yesterday that it had paid $30 million for a 42 percent stake in Answer Financial Inc.'s outstanding debt and ...
DATE: Jan 23, 2008
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AUTHOR:
Jonathan Kent
SUNNYVALE, California (AP) — Battered by slow revenue growth and the popularity of social networking websites, Yahoo Inc. is poised to lay off hundreds of workers, according to published reports.
The New York Times and The Wall Street Journal have bo...
DATE: Jan 23, 2008
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NEW YORK (Bloomberg) — New York's insurance department is drafting stronger regulations to stabilise the market for bond insurers.
Insurance Superintendent Eric Dinallo said in a statement yesterday his office is drafting new regulations that would "...
DATE: Jan 23, 2008
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Investors in Bermuda have been told not to hit the panic button despite fears over the falling financial markets across the world.
In a bid to stave off a US recession, the Federal Reserve cut interest rates by three-quarters of a percentage point to...
DATE: Jan 23, 2008
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NEW YORK (AP) - An unusual emergency interest rate cut by the Federal Reserve gave Wall Street a partial rebound yesterday from a precipitious early decline - and perhaps the first steps toward a long-term recovery. The rest of the comeback, for the ...
DATE: Jan 23, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index climbed more than 500 points yesterday, ending a five-day plunge, after Canada and the US cut interest rates to calm worries over the global economic outlook.
In a broad-based advance led by...
DATE: Jan 23, 2008
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Shares in Bermuda-based Security Capital Assurance Ltd. shot up 30 percent yesterday on hopes that regulators will provide support to the struggling bond insurance industry by attracting new capital.
At the close of trading, SCA shares had climbed 50...
DATE: Jan 23, 2008
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CATEGORY:
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AUTHOR:
Jonathan Kent
SAN FRANCISCO (Bloomberg) - Apple Inc. posted first-quarter profit that disappointed investors and gave a forecast that fell short of analysts' estimates, sending the shares lower and signaling an economic slowdown may curb demand.
Net income rose 57...
DATE: Jan 23, 2008
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LONDON (Reuters) - Britain is well placed to weather the current instability on the world's financial markets, Prime Minister Gordon Brown's spokesman said yesterday.
With the government facing a barrage of criticism over its handling of the economy,...
DATE: Jan 23, 2008
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