49296 results returned for search: "" category ("Other" AND "Business")
A Bermuda-based trader agreed to pay $1.6 million for improperly short selling shares of companies before 176 secondary stock offerings, the US Securities and Exchange Commission said.
Bloomberg News reported yesterday that James J. Todd, who managed...
DATE: Nov 08, 2006
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NEW YORK (Bloomberg) ? Bermuda-based Primus Guaranty Ltd., the only publicly traded company that makes most of its money investing in credit-default swaps, said third-quarter earnings fell 1.2 percent as the company wrote fewer new contracts.
Net inc...
DATE: Nov 08, 2006
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The Royal Gazette/Bermuda Stock Exchange Index yesterday slumped more than 1.5 percent as Butterfield Bank and Belco shares fell.
The Index closed down 75.99 points or 1.59 percent to close at 4,803.14 in moderate trading.
Belco plunged &1.95 or 7.8 ...
DATE: Nov 08, 2006
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NEW YORK (AP) — The long-awaited upgrade to Microsoft’s Web browser is here, introducing the masses to features available for years in rival products.My initial thought to Microsoft Corp.’s game of catch-up was “no big deal.” But after trying out ver...
DATE: Nov 08, 2006
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ZUG, Switzerland (AP) ? Swiss reinsurer Converium announced third-quarter net profits of US$54.3 million (euro42.75 million) yesterday, compared with a loss of US$6.9 million in the same period last year.
?The results primarily reflect strong current...
DATE: Nov 08, 2006
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Ratings agency Standard & Poor?s yesterday lowered its financial strength rating of Bermuda-based energy industry mutual Oil Casualty Insurance Ltd.?s to BBB+ from A-.
Business Insurance reported yesterday that the downgrade stems partly from S&P?s c...
DATE: Nov 08, 2006
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LONDON ? Omega Underwriting Holdings Plc announced yesterday that it has applied for shares in Bermuda-based Omega Insurance Holdings Ltd. to be listed on London?s Alternative Investment Market.
Omega said it is anticipated that shares in the company...
DATE: Nov 08, 2006
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SAN FRANCISCO (AP) — Microsoft Corp. has upgraded its online mapping service to include three-dimensional tours of 15 US cities, marking another step in its dogged pursuit of Internet search leader Google Inc.With the improvements unveiled on Monday,...
DATE: Nov 08, 2006
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TORONTO (Reuters) — The Toronto Stock Exchange’s benchmark index made its fourth advance in five sessions as energy issues tracked oil prices higher.The key S&P/TSX composite index closed up 67.99 points, or 0.6 percent, at 12,378.20 after a day in w...
DATE: Nov 08, 2006
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Ratings agency Standard & Poor’s yesterday lowered its financial strength rating of Bermuda-based energy industry mutual Oil Casualty Insurance Ltd.’s to BBB+ from A-.
Business Insurance reported yesterday that the downgrade stems partly from S&P’s c...
DATE: Nov 08, 2006
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