76339 results returned for search: "" category "Business"
NEW YORK (Reuters) - Reinsurer Validus Holdings Ltd reiterated its unsolicited offer for rival IPC Holdings Ltd. yesterday despite a competing bid from Flagstone Reinsurance Ltd.
Validus' stock and cash offer amounts to $28.86 per IPC share, or $1.61...
DATE: Jul 03, 2009
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NEW YORK (Bloomberg) — Manhattan apartment prices dropped for the first time since 2002 in the second quarter as the collapse of Lehman Brothers Holdings Inc. and Bear Stearns Cos. caught up to property owners in the nation's most expensive urban mar...
DATE: Jul 03, 2009
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NEW YORK (AP) - A dour report on job losses in June sent stocks sharply lower yesterday.
Major stock indexes fell more than 2.6 percent after the government said the US unemployment rate hit a 26-year high. The Dow Jones industrials closed at their l...
DATE: Jul 03, 2009
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LONDON - Britain's leading share index closed 2.45 percent lower, with market sentiment hit by data showing US employers cut more jobs than expected in June and unemployment in Europe hit a 10-year high.
The FTSE 100 index ended down 106.44 points at...
DATE: Jul 03, 2009
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WASHINGTON (AP) — Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the econom...
DATE: Jul 03, 2009
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TORONTO (Reuters) - Toronto's main stock index finished lower yesterday as oil prices slid and a gloomy US jobs report dimmed hopes for a quick economic recovery.
US employers cut more jobs than expected in June and the unemployment rate rose to 9.5 ...
DATE: Jul 03, 2009
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LONDON (AP) — The availability of credit in the UK increased modestly in the second quarter, although default rates and losses also rose and were expected to swell further in coming months, the Bank of England said yesterday.
In its quarterly report ...
DATE: Jul 03, 2009
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Bermuda-based RenaissanceRe Holdings Ltd. yesterday announced the successful completion of the "Safe Homes for All" Risk Mitigation Leadership Forum, held in Washington DC.
The Forum's main sponsors were RenRe's affiliate, WeatherPredict Consulting I...
DATE: Jul 03, 2009
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NEW YORK (AP) — The US Marshals Service yesterday took possession of disgraced financier Bernard Madoff's $7 million Manhattan penthouse in a move that forced his wife to move elsewhere.
US Marshal Joseph Guccione said the marshals arrived at the pro...
DATE: Jul 03, 2009
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BF&M Life Insurance Co. Ltd. and BF&M General Insurance Co. Ltd. have been affirmed the financial strength ratings (FSR) of A (excellent) and issuer credit ratings (ICR) of "a" by AM Best Co.
Best has also withdrawn the FSR of A (excellent) and adjus...
DATE: Jul 03, 2009
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