255735 results returned for search: "" category "Other"
NEW YORK (Reuters) – Bond insurer MBIA said yesterday it would have enough resources to fund potential termination payments related to investment contracts if rating agencies downgraded the notes of its subsidiary MBIA Insurance Corp.
The largest US ...
DATE: Sep 24, 2008
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Premier Ewart Brown could face a leadership challenge from his deputy Paula Cox next month say Progressive Labour Party insiders.
At the weekend Ms Cox said she would be interested in the top job – but only under the right circumstances.
And some PLP...
DATE: Sep 24, 2008
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The parent company of one of Bermuda's 9/11 reinsurance casualties has been successfully liquidated, allowing bank debts of $180 million to be repaid and a further $31 million to be distributed to shareholders.
Although a few assets of the former Tre...
DATE: Sep 24, 2008
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AUTHOR:
Scott Neil
The niece of an Alzheimer's patient helped to jog a few memories for her uncle – and other sufferers of the condition – with a train ride around Bermuda.
This week is Alzheimer's Week and to mark it Darlene Diel arranged the train ride, with Oleander...
DATE: Sep 24, 2008
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Suspicious death victim Freddie Gilbert had been stabbed in the chest before his body was found floating in water in St. David's, according to a source close to the investigation.
And residents now believe the nearby concrete hut fire which killed Mr...
DATE: Sep 24, 2008
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AUTHOR:
Tim Smith
NEW YORK (Reuters) – Architects of a $700 billion bailout plan urged US lawmakers to act swiftly or face dire economic consequences as global stock markets fell for a second day on growing concern the rescue may be delayed.
Treasury Secretary Henry P...
DATE: Sep 24, 2008
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NEW YORK (Bloomberg) — A unit of Greenhill & Co., the merger advisory firm founded by chairman Robert Greenhill, agreed to buy Iridium Holdings LLC in a deal that values the satellite-phone service provider at about $591 million.
Greenhill will inves...
DATE: Sep 24, 2008
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Thirteen jobs are to go in Bermuda as Continental Airlines outsources its operations on the Island because of the financial crisis in the US airline industry, according to a spokesperson for the airline.
The company sent a letter to the Bermuda Indus...
DATE: Sep 24, 2008
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TORONTO (Reuters) – The Toronto Stock Exchange's main index ended a choppy session lower yesterday, dragged down by resource shares that fell with commodity prices, while uncertainty continued to surround the US bailout proposal.
Companies tied to oi...
DATE: Sep 24, 2008
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(Bloomberg) –Nineteen former North Sea divers lost a lawsuit in Oslo District Court seeking compensation from the Norwegian government on claims of physical and psychological injuries while working on extracting oil on the Norwegian continental shelf...
DATE: Sep 24, 2008
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