49296 results returned for search: "" category ("Other" AND "Business")
Bank of Bermuda chief executive officer Philip Butterfield said yesterday that stress tests on banks that have been requested by the Island's financial regulators are "essential".
The Bermuda Monetary Authority announced in its 2009 Business Plan tha...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - Bank of America Corp said it could suffer "grave harm" if it is forced to reveal data about an estimated $3.6 billion of bonuses paid to Merrill Lynch & Co officials in the days before the bank acquired the brokerage.
In a petiti...
DATE: Mar 06, 2009
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In previous articles, we explored some of the issues that business owners must consider when selling their business. The steps involved in selling a business can be tricky to navigate; but what if you plan to sell or transfer your business to a famil...
DATE: Mar 05, 2009
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NEW YORK (Bloomberg) — Ajax Re Ltd., a catastrophe bond sold by Bermuda-based Aspen Insurance Holdings Ltd., is likely to default on an interest payment this month, Standard & Poor's said, the second such security hurt by Lehman Brothers Holdings Inc...
DATE: Mar 05, 2009
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HARTFORD, Connecticut (AP) — A former senior vice-president at General Re Corp. was sentenced yesterday to a year and a day in federal prison for an accounting fraud scandal that artificially propped up the stock price of insurer American Internation...
DATE: Mar 05, 2009
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LONDON (AP) — The Bank of England began its two-day rate setting meeting yesterday amid speculation it is on the verge of increasing the domestic money supply — a development that would overshadow an anticipated cut in official interest rates.
Survey...
DATE: Mar 05, 2009
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NEW YORK (Reuters) - World stocks jumped off multi-year lows yesterday as hopes of recovery in China and plans by its government to increase spending also helped trigger a surge in oil and metals prices.
Crude prices settled nearly nine percent highe...
DATE: Mar 05, 2009
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LONDON (AP) — ITV PLC, Britain's biggest commercial broadcaster, reported a full-year loss of £2.56 billion ($3.6 billion) yesterday and said it wants to cut 600 jobs and sell its Friends Reunited social networking website.
The heavy loss compared to...
DATE: Mar 05, 2009
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NEW YORK (Bloomberg) — Steve Leuthold, whose Grizzly Short Fund returned 74 percent last year betting against US stocks, said now is the time to buy equities because investors are too fearful about the economy.
"These comparisons people make with the...
DATE: Mar 05, 2009
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Insurer Old Mutual believes its Bermuda life insurance unit can recover to profitability after it cost the group more than half a billion dollars last year.
The London-listed insurance and banking giant said it recognised a total loss of $508 million...
DATE: Mar 05, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
