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UPDATE 4-Lazard posts quarterly loss, beats forecasts
+ Q1 EPS excluding items $0.46 vs $0.38 estimate
+ Total revenue of $459 mln vs. $276 mln a year earlier
+ Shares up 2.3 percent
(Adds details; Updates stock price)
By Joe Rauch
CHARLOTTE, N.C. (R...
DATE: Apr 28, 2010
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Finance Minister Paula Cox got a warm reception from insurance industry delegates in Boston yesterday, as she headed the Bermuda delegation in what has become a traditional walkabout at the RIMS annual conference.
Ms Cox said in an interview that it ...
DATE: Apr 28, 2010
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AUTHOR:
Jonathan Kent
Bermuda Commercial Bank posted a net loss of $1.47 million for the six months through the end of March, mostly attributable to low interest rates.
The bank swung to the loss from a net income of $680,000 in 2009.
The bank, in which Permanent Investme...
DATE: Apr 28, 2010
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WASHINGTON (Reuters) - Goldman Sachs CEO Lloyd Blankfein faced a blistering cross-examination from US lawmakers over why the investment banks' sales team felt they could sell securities to clients while believing they were "crap" and betting against ...
DATE: Apr 28, 2010
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RenaissanceRe Holdings Ltd.'s net income rose by more than 50 percent, despite taking a hit of almost $125 million for the Chilean earthquake during the first quarter of 2010.
The reinsurer posted a profit of $165 million, or $2.73 per share, during ...
DATE: Apr 28, 2010
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PARIS (AP) - French carmaker Renault SA said yesterday that revenue in the first quarter increased 28 percent helped by market share gains in a growing global market.
Revenue rose to 9.07 billion Euros ($12.05 billion) in the three-month period, from...
DATE: Apr 28, 2010
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BC-US-TEC--Facebook-Web, 2nd Ld-Writethru,0737
Facebook widens reach to tailor broader Web
With BC-US-TEC--Facebook-Web-Summary Box
AP Photo CAMS110, CAMS102, CAMS101, CAMS106, CAMS105, CAMS103,
CAMS104
AP Technology Writers
NEW YORK (AP) -- Facebook...
DATE: Apr 28, 2010
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Butterfield Bank yesterday announced a first-quarter loss of $176.3 million — largely as a result of offloading most of the troubled assets that plunged the bank into turmoil over the past two years.
Chief Executive Officer Brad Kopp said that the ba...
DATE: Apr 28, 2010
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AUTHOR:
Jonathan Kent
LONDON (AP) — A British court says hundreds of people who received chemical burns from leather sofas will share £20 million ($30 million) in compensation.
The customers took legal action after claiming of skin and eye complaints or breathing difficul...
DATE: Apr 27, 2010
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New York has beaten Chicago as the world's best city to live in 2010 if you're a man, coming up trumps in both professional and personal fields, according to a survey.
The poll, by men's website Askmen.com ranked 29 cities across the globe based on h...
DATE: Apr 27, 2010
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