49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - AIG, the giant insurer bailed out by the US government, posted its first profit in seven quarters on Friday, helped by large investment gains as financial markets improved, sending its shares up 20 percent.
The company, which has...
DATE: Aug 10, 2009
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NEW YORK (Reuters) - Shareholders are scheduled to vote on Bermuda reinsurer Validus Holdings' acquisition of rival IPC Holdings on September 4, the companies said in a regulatory filing with the US Securities and Exchange Commission.
Validus' $1.7 b...
DATE: Aug 10, 2009
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Government has decided not to renew Sovereign Group Ltd.'s licence to offer private jet services due to a material breach, The Royal Gazette can reveal.
A Ministry of Tourism and Transport spokesperson said the matter was separate from a court ruling...
DATE: Aug 10, 2009
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NEW YORK (Reuters) - A much slower pace of US job losses in July and improvement in housing and manufacturing lifted US stocks Friday, but a more surprising beneficiary of the news was the US dollar.
For the past year, all investors had to do to fore...
DATE: Aug 10, 2009
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NEW YORK (Bloomberg) - Lehman Brothers Holdings Inc.'s Bermuda-based life insurance unit, Lehman Re, filed for bankruptcy protection, citing alleged shortfalls on its reinsurance obligations and lawsuits against it in the US.
The petition for Chapter...
DATE: Aug 10, 2009
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The recovery of Bermuda-based business insurer XL Capital Ltd. took another step forward as the firm was removed from Rating Watch Negative by credit rating agency Fitch.
Fitch has also seen signs that the biggest of the Island-based insurance compan...
DATE: Aug 10, 2009
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AUTHOR:
Jonathan Kent
Bermuda-domiciled Orient Express Hotels posted a net loss of almost $25 million for the second quarter, despite a decline in booking trends levelling off according to the company's boss.
The hotel group recorded a bet loss of $24.3 million or 36 cent...
DATE: Aug 10, 2009
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Local investors in Bermuda have spent two years looking back, is it time now to look forward? Do you feel up to comparing where you then compared to where you are now, physically, mentally, and investmentally?
Do you remember how you felt as the mark...
DATE: Aug 08, 2009
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Is it time to move your financial life online? A crowded field of new and established websites promises to give you all the record-keeping and budgeting advice you'll ever need - for free.
Meanwhile, the world of desktop personal finance seems to be ...
DATE: Aug 08, 2009
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At the Shelly Bay supermarket on Wednesday - the five percent off day - were more local luminaries than you could shake a stick at. Well, three, anyway. The average age of shoppers, at about 3pm, was well over 150, by my calculations. It set me to wo...
DATE: Aug 08, 2009
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