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Butterfield Bank recorded a $16.5 million net loss during the second quarter of 2008, as it took a $50 million charge on investments hit by the credit crisis.
The loss, which was down from a profit of $35.9 million for the same period last year, was ...
DATE: Aug 05, 2008
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TEANECK, New Jersey (AP) — On an evening its rivals were preoccupied with Christie Brinkley's divorce and the capture of a Brooklyn murder suspect, New York's WXTV led its local news with a story about graffiti saying "Get out of the USA" painted nea...
DATE: Aug 05, 2008
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The Shadow Minister of Social Rehabilitation has hit back at Government claims that the Opposition was ill-prepared to debate new legislation providing for free child care for needy families.
Donte Hunt said he was only warned by Minister of Culture ...
DATE: Aug 05, 2008
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Flagstone Reinsurance Holdings Ltd. saw its profits almost triple during the second quarter of 2008 as the class of 2005 reinsurer continued to expand its business.
The Bermuda-based company's net income rose to $41.9 million, or 49 cents per share, ...
DATE: Aug 05, 2008
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NEW YORK (Reuters Health) - The transfer of a single embryo into the uterus decreases the number of twin pregnancies without adversely affecting pregnancy outcomes, according to a report in the current issue of Fertility and Sterility.
Recent efforts...
DATE: Aug 05, 2008
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Italy's Consul General in New York recently held talks with Government officials over the issue of Bermuda passport holders needing visas to visit some European Union countries.
Francesco M. Talo, whose rank in the Italian Foreign Service is Minister...
DATE: Aug 05, 2008
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The North-East Hamilton Economic Empowerment Zone (EEZ) will provide traders dealing in illicit activities with the chance to redeem themselves and make money legally.
That is according to Finance Minister Paula Cox, who was speaking at a meeting abo...
DATE: Aug 05, 2008
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Bermuda Stock Exchange-listed property company Fabian Romania Ltd. boosted its net asset value (NAV) per share by six cents for the year to date, despite falling six cents for the second quarter 2008.
The Alternative Investment Market-listed investor...
DATE: Aug 05, 2008
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Butterfield Bank boosted its share price by 25 cents (1.69 percent) to close at $15 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank traded 2,300 shares throughout the day.
The only other traders were Kentucky Fried Chicken...
DATE: Aug 05, 2008
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DALLAS (Bloomberg) - Crude oil fell to a 13-week low amid speculation that Tropical Storm Edouard will miss most offshore oil facilities as it approaches the coast of Texas.
Futures fell as much as $5.60 a barrel, shrugging off port closings and rig ...
DATE: Aug 05, 2008
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