76342 results returned for search: "" category "Business"
TORONTO (Reuters) - Nortel Networks Corp will most likely sell off most of its pieces at fire-sale prices as part of its bankruptcy restructuring, but experts don't expect one of the most storied names in corporate Canada to disappear altogether.
Und...
DATE: May 19, 2009
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LONDON - Britain's top share index closed 2.26 percent higher propelled by gains in banks, with Lloyds Banking Group up after its chairman said he was to step down, and in energy stocks as oil prices rose. By the close, the FTSE 100 was 98.34 points ...
DATE: May 19, 2009
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NEW YORK (Reuters) - Validus Holdings Ltd slightly sweetened its hostile bid for IPC Holdings Ltd to $1.69 billion yesterday, in its latest attempt to wrest the Bermuda reinsurer from rival Max Capital Group Ltd.
Validus' new offer of $30.14 per shar...
DATE: May 19, 2009
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NEW YORK (AP) — Reassuring news about housing and banking yesterday convinced investors to return to the stock market.
The Dow Jones industrial average shot up 235 points, making up three-quarters of last week's losses. All the major indexes rose abo...
DATE: May 19, 2009
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Butterfield Bank and Belco Holdings each gained nearly three percent yesterday to lead local stocks to a positive day of trading.
The bank rose 15 cents, or 2.9 percent, to $5.35, on the trading of 37,200 shares. Yesterday's gain means Butterfield ha...
DATE: May 19, 2009
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NEW YORK (Reuters) - The Financial Accounting Standards Board, which sets US accounting rules, voted yesterday to adopt two rules that could force financial institutions to bring more off balance sheet assets onto their books.
The rules will take eff...
DATE: May 19, 2009
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NEW YORK (Bloomberg) — The yen rose the most against the euro since January and gained against all of its major counterparts as evidence of global weakness discouraged investors from buying higher-yielding assets.
The euro fell this week versus the d...
DATE: May 18, 2009
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NEW YORK (Reuters) - US stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street's ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.
With first-quarter earni...
DATE: May 18, 2009
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NEW YORK (Bloomberg) — American International Group Inc., the insurer bailed out by the US, was downgraded by Fitch Ratings on the prospect the company will lose customers to competitors because of its faltering reputation.
The financial-strength rat...
DATE: May 18, 2009
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Ever since the financial crisis engulfed us last year, there has been lots of discussion about the failure of free markets and the need for tighter regulation of the financial sector. It is evident from the printed word and the ongoing chatter that t...
DATE: May 18, 2009
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