76342 results returned for search: "" category "Business"
AMSTERDAM (Bloomberg) — ABN Amro Holding NV and Fortis Bank Nederland Holding NV, bought by the Dutch state last year, may cut as many as 5,000 jobs, or 17 percent of the workforce, by 2012 as the Netherlands merges the businesses.
"We expect a reduc...
DATE: May 20, 2009
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CHARLOTTE, North Carolina — Allstate Corp. became the second insurer yesterday to turn down a bailout from the Treasury Department after being approved for government funding .
The property and casualty insurer said it has strong capital and liquidit...
DATE: May 20, 2009
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CHARLOTTE, North Carolina — Embattled insurer American International Group Inc. said yesterday it will reconfigure its board to include six new independent directors.
Six new nominees will be up for election at the New York-based company's annual mee...
DATE: May 20, 2009
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NEW YORK (Bloomberg) — Dominique Ferrero, former chief executive officer of French investment bank Natixis SA, resigned from the board of Lazard Ltd., the investment bank led by Bruce Wasserstein.
Bermuda-based Lazard made the announcement in a regul...
DATE: May 20, 2009
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BONN, Germany (Reuters) – Europe's 30 biggest insurers will face a compulsory stress test in 2010 to gauge their strength to withstand the financial crisis, a top European insurance supervisor said yesterday.
"We have to look at the danger of contagi...
DATE: May 20, 2009
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Kentucky Fried Chicken (Bermuda) Ltd. is considering delisting from the Bermuda Stock Exchange because of the increasing costs associated with being a publicly listed company.
The revelation came in a letter to shareholders from chairman Donald Lines...
DATE: May 20, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — The trustee liquidating Bernard Madoff's defunct money management firm sued three Fairfield Greenwich Group hedge funds, seeking the return of $3.54 billion withdrawn before Madoff's massive fraud unravelled.
The trustee, Irvin...
DATE: May 20, 2009
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The Royal Gazette/Bermuda Stock Exchange (BSX) Index fell fractionally in light trading yesterday.
Energy provider Belco Holdings Ltd. was the only listed domestic company to change value, falling 1.5 percent.
Belco shed 25 cents to close the day on ...
DATE: May 20, 2009
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LONDON - Britain's top share index closed 0.8 percent firmer, pushed up by financials and miners, though gains were limited by figures that showed new US housing starts fell to record lows. The FTSE 100 closed 0.8 percent or 35.80 points higher at 4,...
DATE: May 20, 2009
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FRANKFURT (AP) — The board chairmen of German carmakers Volkswagen and Porsche appeared to change course yesterday, announcing the two companies will work toward an integrated company.
Ferdinand Piech, chairman of Volkswagen AG, and Wolfgang Porsche ...
DATE: May 20, 2009
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