49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) — Bermuda-based Seadrill Ltd., the Norwegian oil-rig company started by billionaire John Fredriksen, said it had a fourth-quarter net loss after investments slumped.
The loss was $739 million, or $1.86 a share, compared with a prof...
DATE: Feb 27, 2009
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CHARLOTTE, N.C. (AP) — Beleaguered insurer American International Group Inc. could be split into at least three separate government-controlled divisions in an effort to save the business, according to a report yesterday by the Financial Times.
Earlie...
DATE: Feb 27, 2009
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Oil exploration machinery company Weatherford International Ltd. announced that it has completed its redomestication from Bermuda to Switzerland.
The company announced its intention to move its domicile in December.
Weatherford joins a group includin...
DATE: Feb 27, 2009
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DETROIT (AP) — For General Motors Corp. nothing has stopped the bleeding. Not cutting 50,000 jobs in the US. Not closing 11 factories. Not $13.4 billion in government loans.
The teetering company, once the symbol of American industrial might, reveale...
DATE: Feb 27, 2009
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WILLEMSTAD, Curacao (AP) — Allen Stanford's alleged offshore investment fraud snared dozens of people in Curacao and elsewhere in the Dutch Caribbean, a law firm said yesterday.
At least 50 people have registered with the HBN Law seeking help to reco...
DATE: Feb 27, 2009
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Shares of Bermuda-based Northern Offshore yesterday plunged 10 percent after the company announced a profit of $16.6 million for the fourth quarter.
On the same day the operator of oil and gas drilling vessels suffered a 10 percent drop in share valu...
DATE: Feb 27, 2009
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LONDON (Bloomberg) — Golden Ocean Group Ltd., billionaire John Fredriksen's commodity-shipping line, slid the most since 2004 in Oslo trading after saying its cash probably will run out next month. Frontline Ltd., his oil shipper, also fell. Both com...
DATE: Feb 27, 2009
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Many people who have taken their jewellery into Solomon's Fine Jewellers for repairs over the past 33 years have apparently never bothered to pick it up - and the store is asking clients to collect those items by today.
The Front Street store is set ...
DATE: Feb 27, 2009
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - The government has asked former Royal Bank of Scotland chief executive Fred Goodwin to forego his annual pension of £650,000 ($992,000), Chancellor Alistair Darling said yesterday.
RBS reported a loss of £24.1 billion for 2008 yest...
DATE: Feb 27, 2009
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WASHINGTON (Reuters) - US banking regulators yesterday launched a "stress test" programme to assess the largest banks' ability cope with the possibility of a deeper recession in which the unemployment rate climbs above 10 percent next year.
The stres...
DATE: Feb 26, 2009
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