76371 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — American International Group Inc. chief executive officer Edward Liddy may face a congressional hearing to explain "the full extent" of the insurer's plan to give bonuses to as many as 7,000 people so they won't quit.
Liddy sho...
DATE: Dec 17, 2008
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It proved to be a day of losses on The Royal Gazette/Bermuda Stock Exchange (BSX) yesterday, with at least four companies seeing their stock value fall.
The utilities sector led the way, with Belco Holdings Ltd. down 50 cents (3.12 percent) at $15.50...
DATE: Dec 17, 2008
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WASHINGTON (Reuters) - The US Federal Reserve yesterday entered uncharted policy territory as it chopped its benchmark interest rates to as low as zero and pledged to use "all available tools" to turn back a deepening recession.
In a surprise and his...
DATE: Dec 17, 2008
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WASHINGTON (Reuters) - The $50 billion fraud allegedly committed by broker Bernard Madoff is a major embarrassment for the US Securities and Exchange Commission and adds to questions already being asked about the regulator's competence.
The SEC's ina...
DATE: Dec 17, 2008
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NEW YORK (AP) — Goldman Sachs Group Inc. yesterday reported its first quarterly loss since it went public in 1999, losing $2.29 billion during its fiscal fourth quarter.
The loss proves the turmoil in the financial markets has tripped up even the bes...
DATE: Dec 17, 2008
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What if the humble old landline phone could be as interactive as the flashy iPhone?
A home phone that puts the latest information at your fingertips feels like an old sci-fi staple, but now AT&T Inc. has a $299 touch-screen gadget, called HomeManager...
DATE: Dec 17, 2008
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XL Capital shares soared 27 percent yesterday as the company announced that rating agency AM Best is to maintain its A (excellent) rating on the Bermuda-based insurer's operating companies.
The stock, which rose 78 cents to close on $3.68, recovered ...
DATE: Dec 17, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based XL Capital Ltd. expressed disappointment last night after the financial strength rating of the insurer's core operating companies was downgraded to A from A+ by Standard & Poor's.
In a statement released after the markets closed yesterd...
DATE: Dec 16, 2008
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AUTHOR:
Jonathan Kent
NEW YORK / LONDON (Reuters) - Shock waves from Bernard Madoff's alleged fraud spread globally yesterday, as charities, wealthy individuals and banks disclosed losses from the prominent Wall Street trader's investment management business.
Britain's HS...
DATE: Dec 16, 2008
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HOLIDAY HUMILIATION: It's that time of year again: Time to face your well-meaning but nosy, opinionated relatives during the holidays. Only this year, you might have to break the news that you've just lost your job.
Stephen Viscusi, author of the rec...
DATE: Dec 16, 2008
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