49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Everest Re Group Ltd., the Bermuda-based insurer and reinsurer, said reinsurance rates are set to improve as the economic slump begins to abate and demand returns for some types of coverage.
The combination of lower rates and a...
DATE: Aug 12, 2009
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NEW YORK (AP) - French advertising company Publicis Groupe SA has agreed to buy Microsoft Corp.'s digital advertising firm Razorfish in a move to boost its share of advertising on the web, according to a joint statement released on Sunday.
The deal i...
DATE: Aug 12, 2009
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NEW YORK (AP) - A recurrence of investors' anxiety about the economy gave Wall Street its biggest loss in five weeks.
The major indexes fell one percent yesterday as investors worried that the market's steep gains in the past month could unravel if t...
DATE: Aug 12, 2009
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NEW YORK (Bloomberg) — MBIA Inc. declined after JPMorgan Chase & Co. cut the largest bond insurer by total guarantees to "underweight" from "neutral", and said it expects claims to eventually overwhelm the company's capital.
MBIA fell 91 cents, or 15...
DATE: Aug 12, 2009
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LONDON - Britain's top share index shed 1.1 percent knocked by weakness in heavyweight banks, miners, and oils, with defensive issues back in favour headed by International Power after pleasing H1 results.
By the close, the FTSE 100 index was 50.86 p...
DATE: Aug 12, 2009
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YTB International Inc. suffered a net loss of $1.6 million for the second quarter of 2009, as revenue plunged by almost 60 percent.
The online travel services provider, which has recruited at least 700 Bermudians, had previously posted a $200,000 net...
DATE: Aug 12, 2009
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Bermuda-based Flagstone Reinsurance Holdings Ltd. sees real opportunities for growth in the reinsurance market in Brazil.
The company opened a representative office in Brazil this year and will be able to access the South American country's reinsuran...
DATE: Aug 12, 2009
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AUTHOR:
Jonathan Kent
SAN FRANCISCO (AP) - Hundreds of General Motors' (GM) California dealers will let consumers haggle over the prices of new cars and trucks through the eBay online marketplace under a trial that began yesterday.
About 225 of California's 250 GM dealers...
DATE: Aug 12, 2009
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Bermuda should not rely on a fifth wave of new insurance companies to bring new jobs to the embattled economy.
That is the view of Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), who believes that new insurance...
DATE: Aug 12, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Utilities proved to be the busiest sector on The Bermuda Stock Exchange (BSX) yesterday.
KeyTech Ltd. rose by 75 cents (8.82 percent) to $9.25, with 2,150 shares traded, while the Ascendant Group Ltd. fell 50 cents (3.03 percent) to $16, as 2,400 sha...
DATE: Aug 12, 2009
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