76339 results returned for search: "" category "Business"
NEW YORK (Bloomberg) - Maurice 'Hank' Greenberg's Starr International Co. rested its case against American International Group Inc. (AIG) by playing excerpts of videotaped testimony from Martin Sullivan, the insurer's former CEO.
The presenting of ev...
DATE: Jul 06, 2009
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PARIS (Bloomberg) - Willis Group Holdings Ltd., the world's third-largest insurance broker, was sued by clients of Stanford Financial Group over claims Willis aided an alleged $7 billion fraud by Stanford.
The complaint filed yesterday in federal cou...
DATE: Jul 06, 2009
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TORONTO (Reuters) - Canada's top auto parts makers are likely to take more market share and new sales from their smaller rivals as the sector consolidates in the wake of the upheaval that drove General Motors Corp. (GM) and Chrysler into bankruptcy.
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DATE: Jul 06, 2009
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MIAMI (Reuters) - Florida regulators seldom checked the Miami operations of Allen Stanford after giving the accused fraud master unprecedented freedom to send cash overseas and sell investment securities, the Miami Herald newspaper reported on Sunday...
DATE: Jul 06, 2009
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ST JOHN'S, Antigua (AP) - The man appointed to replace Antigua's disgraced financial regulator is stepping aside to avoid a possible conflict of interest.
Everett Christian was tapped for the job last week, after officials fired his predecessor Leroy...
DATE: Jul 06, 2009
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LONDON (Reuters) - The dollar dipped against the euro on Friday, reversing some of its sharp gains the previous session following weak US jobs data which dampened hopes that the global economy is poised to recover.
Trading was extremely thin, however...
DATE: Jul 06, 2009
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LONDON (Bloomberg) - Chancellor of the Exchequer Alistair Darling pledged increased power for the Bank of England and the Financial Services Authority (FSA) to prevent a repeat of the crisis that plunged Britain into its worst recession in a generati...
DATE: Jul 06, 2009
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NEW YORK (Reuters) - With Wall Street stuck in a range since May, the start of second-quarter earnings season this week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
After a rally of...
DATE: Jul 06, 2009
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The sharp deceleration of the US economy in 2008, under the weight of a significant housing correction and a banking crisis opened up the possibility of a severe recession bordering on a depression. This prompted the authorities to resort to extreme ...
DATE: Jul 06, 2009
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LONDON (Bloomberg) - R Allen Stanford's liquidators from Antigua were awarded control of £120 million ($196 million) in UK assets seized in a fraud probe in a London court battle with US receivers.
Liquidators appointed in the US and Antigua failed t...
DATE: Jul 06, 2009
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