49296 results returned for search: "" category ("Other" AND "Business")
Banks have known for a while that they would eventually have to face up to some of the assets they had stashed in off-balance-sheet vehicles. Now that day is looming, and regulators are concerned that lenders might need even more time to deal with su...
DATE: Sep 05, 2009
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NEW YORK (AP) - Stocks jumped in light trading yesterday after the government reported that the pace of job losses slowed in August to the lowest level in a year.
The Dow Jones industrial average gained 97 points to halve its loss for the week after ...
DATE: Sep 05, 2009
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Insurer and investment company BF&M Ltd. reported profits of $7.93 million for the first six months of this year — a fall of almost 40 percent compared to last year.
The company said in its earnings statement yesterday that earnings had been hit by a...
DATE: Sep 04, 2009
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AUTHOR:
Jonathan Kent
Three Bermuda residents have received the Associate in captive Insurance (ACI) designation.
Ronald Campbell, of Marsh Management Services (Bermuda) Ltd. and Kelley Dunne, of PricewaterhouseCoopers, were given their designation certificates yesterday ...
DATE: Sep 04, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
OBM International's board of directors has announced the appointment of Tim Peck as chairman of the company.
Mr. Peck, who has a 30-year career with the firm, will lead OBMI's business portfolio, which includes master planning, hospitality design, re...
DATE: Sep 04, 2009
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LONDON - Britain's top share index closed lower, weighed down by energy stocks, though with a rally from miners limiting losses ahead of today's key US non-farm payroll figures. The FTSE 100 closed the session down 20.8 points, or 0.43 percent, at 4,...
DATE: Sep 04, 2009
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NEW YORK (Bloomberg) — Bermuda-based Teekay Corp., the world's largest oil-tanker owner, said second-quarter profit fell 13 percent as rates to transport crude oil declined amid a global economic recession. Net income was $159.4 million, or $2.19 a s...
DATE: Sep 04, 2009
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Argus Group Holdings Ltd. saw its share price rise by 50 cents (6.25 percent) on the Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 1,000 shares to close the day at $8.50.
But Butterfield Bank's common shares fell by five cents (0.99 perc...
DATE: Sep 04, 2009
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NEW YORK (AP) — Investors moved back into stocks after a four-day slide on hopes that a key government report on unemployment will confirm that the economy is gaining strength.
The Dow Jones industrial average tacked on 64 points yesterday after slid...
DATE: Sep 04, 2009
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OSLO (Bloomberg) — Bermuda-based Seadrill Ltd., the oil-rig company controlled by billionaire John Fredriksen, may seek a merger with Houston-based Pride International Inc. as it shifts its focus toward deep-water drilling.
Seadrill already controls ...
DATE: Sep 04, 2009
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