49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Bermuda-based Frontline Ltd., the world’s second- biggest tanker operator, had the rating on its shares upgraded to “buy” from “hold” by New York-based investment bank Dahlman Rose & Co. after selling shares in its Sealift Ltd....
DATE: Jan 23, 2007
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NEW YORK (Bloomberg) — Gap Inc. chief executive officer Paul Pressler resigned from the largest US clothing chain after sales declined for almost three years.Chairman Robert Fisher was named interim CEO and president while the company searches for a ...
DATE: Jan 23, 2007
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China (Bloomberg) Cie. Financiere Richemont AG, the world’s second-largest luxury-goods maker, may say today fiscal third-quarter sales rose as bankers spent record bonuses and demand increased in China.Revenue climbed 11 percent in the three months...
DATE: Jan 23, 2007
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TALLAHASSEE, Florida (AP) ? The Florida Legislature yesterday overwhelmingly passed a bill members hope will lower the state?s skyrocketing property insurance rates and sent the measure to Gov. Charlie Crist, who said he would likely sign the bill th...
DATE: Jan 23, 2007
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NEW YORK (Reuters) — Four reinsurers, flush from a year without catastrophic storms and with higher premiums, are set to test investor enthusiasm with a series of US stock listings.Bermuda-based reinsurer Validus Holdings Ltd. and Greenlight Capital ...
DATE: Jan 22, 2007
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SEATTLE (Bloomberg) — Gold may rise for a third week on speculation the US dollar will weaken, boosting the appeal of the precious metal as an alternative investment. Nineteen of the 30 traders, investors and analysts surveyed by Bloomberg News from ...
DATE: Jan 22, 2007
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NEW YORK (AP) — Wall Street faces another busy week with a slew of major earnings reports, and investors will also be watching for any surprises that might unfold in tomorrow’s State of the Union address.Earnings will likely command most of investors...
DATE: Jan 22, 2007
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TALLAHASSEE, Florida (AP) — In a move to give consumers greater choices for hurricane insurance, state lawmakers on Friday agreed to require companies that sell property insurance in other states to sell it in Florida if they want to offer car insura...
DATE: Jan 22, 2007
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Abandoning the 60:40 rule for the telecommunications industry would take Bermuda back more than a decade to the time of a monopoly and $1.25 a minute overseas calls.
That is the view of former Telecommunications Minister E.T (Bob) Richards, who belie...
DATE: Jan 22, 2007
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — Citigroup Inc. cut its earnings estimates for oil-tanker companies including Bermuda-based Frontline Ltd., the world's second-largest, because an expansion in fleets is hurting freight rates."With OPEC production remaining the ma...
DATE: Jan 22, 2007
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