49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) — Bermuda-based Omega Insurance Holdings Ltd. fell up to 13 percent in London trading after the company said it estimates a combined net loss from the Chilean earthquake of approximately $23 million.
Omega shares recovered to close...
DATE: Apr 01, 2010
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The construction industry has gone from boom to bust, figures released this week by the Government show.
The Quarterly Bulletin of Statistics highlights an alarming shrinkage in the industry which employed more that 3,600 people — or nine percent of ...
DATE: Apr 01, 2010
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AUTHOR:
Jonathan Kent
Digicel Bermuda has announced it has signed a partnership with 3G mobile technology provider, Ericsson, to provide its new 3G+ network in Bermuda.
With an investment of $9 million and construction well under way, Digicel's 3G+ network - featuring the...
DATE: Apr 01, 2010
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ATHENS, Greece (AP) - Moody's credit ratings agency downgraded five Greek banks yesterday, saying the effects of the country's public debt crisis - including painful austerity measures and a long recession - will weaken their finances.
The credit rat...
DATE: Apr 01, 2010
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MediaHouse Ltd. saw its profits drop by almost $600,000 during the past year as businesses tightened up their expenditure on media.
The owner of the Bermuda Sun recorded net profit of $2.1 million or $4.35 per share for 2009 compared to $2.7 million ...
DATE: Apr 01, 2010
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RAM Holdings Ltd. has announced the repurchase of $10 million of its $35 million 6.875 percent senior notes due in 2024 for $5.5 million, realising a gain of $4.5 million.
The notes that were repurchased were cancelled immediately after such repurcha...
DATE: Apr 01, 2010
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NEW YORK (AP) - The stock market is taking some ages-old advice to heart: everything in moderation.
Stocks yesterday ended a first quarter that many investors and analysts would describe as healthy. The Standard & Poor's 500 index is up 4.9 percent b...
DATE: Apr 01, 2010
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One of Bermuda's biggest retailers is bucking the trend during a downturn in the economy by offering its staff and customers extended opening hours.
Front Street retailers AS Cooper & Sons, Ltd. & Astwood Dickinson Ltd. yesterday announced its stores...
DATE: Apr 01, 2010
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NEW YORK (Reuters) - The public does not have the right to see court applications and orders for wiretaps in the Galleon hedge fund insider trading case, lawyers for accused fund founder Raj Rajaratnam argued yesterday.
US prosecutors have described ...
DATE: Apr 01, 2010
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NEW YORK (Bloomberg) — Auditors KPMG LLP and Ernst & Young LLP won dismissal of a fraud lawsuit brought against them by investors in Tremont Group Holdings Inc., which invested with convicted money manager Bernard Madoff.
US District Judge Thomas Gri...
DATE: Apr 01, 2010
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