77161 results returned for search: "" category "Business"
LONDON (AP) — Leading oil and gas companies warned British lawmakers yesterday that any UK moratorium on deepwater drilling in response to the Gulf of Mexico spill would force them to abandon the North Sea in favour of projects elsewhere.
Executives ...
DATE: Oct 27, 2010
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LONDON (Bloomberg) — Apollo Global Management and CVC Capital Partners Ltd. agreed to buy Brit Insurance Holdings NV for as much as £888 million ($1.4 billion), ending four months of takeover negotiations.
The private equity firms' 1,045 pence-a-shar...
DATE: Oct 27, 2010
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Torus Insurance (Bermuda) Ltd., Torus Insurance (UK) Ltd., Torus Specialty Insurance Company, Torus National Insurance Company, and Torus Insurance Europe AG have been affirmed the financial strength ratings of A- (excellent) and issuer credit rating...
DATE: Oct 27, 2010
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NEW YORK (Bloomberg) — Robert Benmosche, chief executive officer of American International Group Inc., said he was undergoing treatment for cancer and remained committed to repaying the insurer's $182.3 billion taxpayer bailout.
Benmosche, 66, began ...
DATE: Oct 27, 2010
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LONDON (Reuters) - London-based fund manager FIM, facing legal action from investors who lost money in Bernard Madoff's $65 billion fraud, has seen its assets slump after clients exited in the wake of the scandal, accounts showed.
FIM was consultant ...
DATE: Oct 27, 2010
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LONDON (AP) — Audit, tax and advisory firm KPMG LLP is being investigated by British regulators over audits it carried out for arms manufacturer BAE Systems PLC.
The Accountancy and Actuarial Discipline Board said yesterday it was looking into commis...
DATE: Oct 27, 2010
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Butterfield Bank rose 2.8 percent (four cents) on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 131 shares to close at $1.49.
It also saw five preference shares worth $1,200 apiece change hands.
Meanwhile BF&M Ltd. transacted eight shar...
DATE: Oct 27, 2010
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Government has signed a new agreement with Microsoft Corporation for the continued use of online safety materials.
Michael Scott, Minister of Energy, Telecommunications and E-Commerce, signed the agreement with Microsoft Multi Country America's gener...
DATE: Oct 27, 2010
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LONDON (AP) — Britain's economy grew by 0.8 percent in the third quarter, twice as fast as expected, according to official figures released yesterday which will calm fears of a double-dip recession.
The growth followed a rate of 1.2 percent — a nine-...
DATE: Oct 27, 2010
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DETROIT (Reuters) - Ford Motor Co posted a higher-than-expected quarterly profit yesterday and announced additional debt reduction to cut borrowing costs and bring the automaker closer to an investment-grade credit rating.
Ford, which expects to be s...
DATE: Oct 27, 2010
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