49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - American International Group Inc may scrap a plan to repay a $60 billion US government loan by selling businesses, after failing to find enough promising bidders, Bloomberg said, citing people with knowledge of the matter.
AIG ch...
DATE: Feb 26, 2009
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The Association of Bermuda International Companies (ABIC) has given its backing to Finance Minister Paula Cox's Budget plans.
In a statement yesterday, ABIC chairman David Ezekiel said the organisation supported the Budget, "both in its tone and cont...
DATE: Feb 26, 2009
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NEW YORK, (Reuters) - Ambac Financial Group Inc , the second-largest US bond insurer, posted a $2.34 billion fourth-quarter loss yesterday, as it set aside more money for troubled mortgage debt.
The company also said it ended the year with a negative...
DATE: Feb 26, 2009
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Two US airlines have slashed their sales commissions given to local travel agencies and a third plans to follow suit.
American Airlines cut their commissions by 50 percent from February 1 and Continental made a similar reduction from February 16.
US ...
DATE: Feb 26, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — MBIA Inc., the largest bond insurer by outstanding guarantees, may face legal challenges over the split of its municipal business from its structured-finance guarantees, Standard & Poor's said.
The action, announced on February...
DATE: Feb 26, 2009
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LONDON (Bloomberg) — Bermuda-based Frontline Ltd., the world's largest owner of supertankers, may say fourth-quarter profit fell 58 percent as global oil demand collapsed and the year-earlier period included a record advance in rents.
Frontline will ...
DATE: Feb 26, 2009
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Times may be tough, but Bermudians are as keen as ever to travel, it seems.
A record attendance of more than 2,000 people flocked to C-Travel's travel fair last Saturday and the sponsor has seen a boost in business since the event.
"It far exceeded o...
DATE: Feb 26, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
TORONTO (Reuters) - Toronto's main stock index rose yesterday for a second straight session as energy issues gained on stronger oil prices and financials got a boost from smaller-than-expected drop in quarterly profit at Toronto-Dominion Bank.
"The (...
DATE: Feb 26, 2009
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BF&M Ltd.'s shares fell 1.2 percent on The Royal Gazette / Bermuda Stock Exchange (BSX) yesterday.
The insurer and pension provider was the only domestic listed company to change value, falling 20 cents to close on $16.90, on the trading of 3,800 sha...
DATE: Feb 25, 2009
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First Facebook had to back down when mothers protested over the company's ban on photos showing them breastfeeding. Now the social networking company is finding out that people do not take too kindly to having their personal information being appropr...
DATE: Feb 25, 2009
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