76354 results returned for search: "" category "Business"
NEW YORK (AP) — New York Attorney General Andrew Cuomo laid out further details yesterday about $3.6 billion in bonuses Merrill Lynch & Co. executives received, calling the investment bank's executives irresponsible.
Cuomo detailed the size and scope...
DATE: Feb 12, 2009
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The outlook for the global economy will be the focus for a meeting hosted by Atlantica Intellectual Capital Ltd. next month.
The first ever Annual Global Financial Markets Outlook Conference is being held at the Fairmont Hamilton Princess Hotel on Ma...
DATE: Feb 12, 2009
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NEW YORK (Reuters) - US stocks rose yesterday as lawmakers reached a compromise deal on a stimulus package, even as gold shot to a six-month high and government debt prices gained as investors expressed doubts about the US government's revamped plan ...
DATE: Feb 12, 2009
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NEW YORK (Bloomberg) — General Motors Corp. is asking Sweden to guarantee $600 million in European Investment Bank loans to keep the Saab Automobile unit operating until it can be restructured for sale, a person familiar with the talks said.
The loan...
DATE: Feb 12, 2009
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LOS ANGELES (Reuters) - Health Net Inc and Wellpoint Systems' Anthem Blue Cross Life and Health Insurance Co agreed to reinstate health coverage and reimburse medical costs for thousands of California policyholders whose coverage was improperly cance...
DATE: Feb 12, 2009
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Bermuda reinsurer Everest Re Group Ltd. reported a net loss of $16.6 million for the fourth quarter as investment income plunged by more than half compared to the same period a year earlier.
Revenues also fell as gross premiums written fell 15 percen...
DATE: Feb 12, 2009
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AUTHOR:
Jonathan Kent
The Financial Intelligence Agency (FIA) has received no fewer than 57 Suspicious Activity Reports (SARs) or disclosures from local financial institutions between mid-November and the end of January.
The startling statistic was revealed by Attorney Ge...
DATE: Feb 12, 2009
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NEW YORK (Bloomberg) — Bermuda-based Scottish Re Group Ltd., the reinsurer that filed its 2007 annual report more than three months behind schedule, said Terry Eleftheriou has resigned as chief financial officer, effective on Tuesday.
Eleftheriou was...
DATE: Feb 12, 2009
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Bermuda reinsurer RenaissanceRe Holdings Ltd. made a net loss of $55.2 million in the fourth quarter of 2008 as investment losses wiped out underwriting profits.
The loss broke down to 91 cents per share, compared to net income of $62.2 million, or 8...
DATE: Feb 12, 2009
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AUTHOR:
Jonathan Kent
XL Capital shares soared 61 percent yesterday as investors saw value in strong underwriting results and looked beyond the company's $2.6 billion net loss in 2008.
Despite a traumatic year for the company, in which it lost billions of dollars through ...
DATE: Feb 12, 2009
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AUTHOR:
Jonathan Kent
