76294 results returned for search: "" category "Business"
CHARLOTTE, North Carolina (AP) - Regulators on Friday shut down banks in Florida, Arizona and Kansas, bringing to 133 the number of US banks that have failed to hold up this year against the struggling economy and a cascade of loan defaults.
The Fede...
DATE: Dec 14, 2009
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NEW YORK (Bloomberg) - Kenneth Feinberg, the government's paymaster for bailed-out companies, will allow insurer American International Group Inc. (AIG) to pay retention bonuses to executives after US regulators emphasised the need to keep the staff....
DATE: Dec 14, 2009
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TORONTO (Reuters) - A 53 percent rally in stocks from March lows will not be enough to tempt shell-shocked Canadians back into equities in big numbers in 2010, top mutual funds executives say, forcing the industry to focus on more conservative produc...
DATE: Dec 14, 2009
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A Bermuda Supreme Court judge has allowed more time for liquidators to find a taker for the life insurance business of the Bermuda branch of British American Insurance Company (BAICO) before it is wound up.
As the search for an alternative insurer to...
DATE: Dec 14, 2009
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AUTHOR:
Jonathan Kent
DUBAI (Bloomberg) - Nakheel PJSC, a property unit of Dubai World, may seek to renegotiate the terms of $5.25 billion of debt due within the next two years with bondholders as its biggest obligation matured yesterday.
The company's possible non-paymen...
DATE: Dec 14, 2009
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DUBLIN (Bloomberg) - Property developers in Ireland "went too far" during the real estate boom, according to Dan Rooney, the US ambassador to the country.
"There were many developments all over the place: houses, buildings, different programs," Mr. R...
DATE: Dec 14, 2009
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T'is the season of giving, and nowhere is the tradition more sacrosanct than in the financial services sector. Some firms have done very well indeed in the rebound from the crisis and have earmarked considerable sums to compensate employees in the fo...
DATE: Dec 14, 2009
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Bermuda Press (Holdings) Ltd. and the Ascendant Group Ltd. proved to be the biggest movers on The Bermuda Stock Exchange (BSX) last week.
The publisher dropped 40 cents (3.7 percent) to $10.50, with 2,000 shares traded, while the utilities company wa...
DATE: Dec 14, 2009
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WASHINGTON (AP) - The Securities and Exchange Commission (SEC) has expanded its probe of Bank of America to include the bank's possible failure to disclose mounting losses at Merrill Lynch, a top agency official said on Friday.
The SEC has been pursu...
DATE: Dec 14, 2009
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MIAMI (Reuters) - A US judge declared fugitives on Thursday a former UBS AG banker and a Zurich lawyer charged with helping wealthy Americans hide assets from US tax authorities.
Hansruedi Schumacher and Matthias Rickenbach were indicted in August on...
DATE: Dec 14, 2009
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