76211 results returned for search: "" category "Business"
NEW YORK (AP) — Technology companies led the stock market to its third straight loss yesterday after Cisco Systems' earnings report raised more questions about the economy.
The Dow Jones industrial average fell 58 points. The Nasdaq composite index h...
DATE: Aug 13, 2010
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Dana Petroleum turns down suitor KNOC
LONDON (AP) -- Dana Petroleum PLC says it will not back a 1.7 billion pounds ($2.7 billion) takeover bid from Korea National Corp. -- or KNOC -- after the state-owned company refused to raise its offer and declin...
DATE: Aug 13, 2010
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ATHENS (Reuters) – Greece's economy shrank more than expected in the second quarter and unemployment climbed to 12 percent, reflecting the pain of austerity measures agreed with lenders to overcome the country's financing crisis.
Flash estimates rele...
DATE: Aug 13, 2010
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Senior management "did not do their homework" when assessing the risks of the mortgage-linked investments that ended up costing Butterfield Bank hundreds of millions of dollars in write-downs.
That is the view of one former high-ranking insider at th...
DATE: Aug 13, 2010
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If an elaborate explanation is required to describe a financial product, then we're not investing in it. That is the message from Butterfield Bank's chief executive officer Bradford Kopp, who wants to lead the bank into the future by returning to its...
DATE: Aug 13, 2010
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The dust may be settling at Butterfield Bank but the impact of a traumatic period that drove the 152-year-old financial institution to the brink of disaster is still rippling through the community. The price for the failure of massive investments lin...
DATE: Aug 13, 2010
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UPDATE 2-China loosens restrictions on insurance investments
+ Allowed to invest up to 15 pct in overseas capital markets
+ May invest up to 25 pct of assets in shares, equity funds
+ May invest up to 20 pct in secured bonds with 'A' rating
+ May inv...
DATE: Aug 13, 2010
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TORONTO (Bloomberg) - Candian stocks fell, driving the benchmark gauge to the lowest level since July 21, as unemployment claims unexpectedly rose in the US and crude oil slipped below $77 a barrel for the first time this month.
Suncor Energy Inc., t...
DATE: Aug 13, 2010
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Alan Thompson was the man at the helm of Butterfield Bank through eight years of growth and success, culminating in near collapse.
By the time the bank's board of directors asked him to resign early this year, two years before his contract was due to...
DATE: Aug 13, 2010
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BC-EUROZONE-ECONOMY/ (UPDATE 1)
UPDATE 1-Eurozone industry output down in June, strong over Q2
+ Euro zone industrial production down 0.1 pct in June
+ May monthly and year-on-year data revised upwards
+ Data point to strong Q2 GDP, ECB talks up Q3 d...
DATE: Aug 13, 2010
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