76374 results returned for search: "" category "Business"
WASHINGTON (Bloomberg) — Senate Democratic Leader Harry Reid urged Merrill Lynch & Co. to reject a request by chief executive officer John Thain for a bonus after the bank accepted aid from the US bailout fund.
"I question the chutzpah of asking for ...
DATE: Dec 09, 2008
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People's livelihoods are at stake and locals need to support the community in their hour of need due to the impact of the global economic downturn and US recession on retail trade.
That was the stark message from Phil Barnett, chairman of the Chamber...
DATE: Dec 09, 2008
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Bermuda reinsurer Flagstone's ratings with AM Best will remain unchanged after investment losses and its acquisition of Lloyd's managing agency Marlborough Underwriting.
Best said yesterday Flagstone would keep its A- (excellent) financial strength r...
DATE: Dec 09, 2008
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) - Bermuda-based Omega Insurance Holdings Ltd., a Lloyd's of London insurer, plans to raise £130 million ($193 million) by selling shares to "support" its underwriting business as rivals struggle with cash shortages following Hurric...
DATE: Dec 09, 2008
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SAO PAULO (Bloomberg) — San Antonio Internacional Ltd., a Bermuda-based oil and gas services provider, cancelled plans to sell depositary receipts through an initial public offering in Brazil.
San Antonio posted the cancellation on the website of Bra...
DATE: Dec 09, 2008
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WASHINGTON (AP) — Congressional Democrats yesterday sent the White House a draft of a roughly $15 billion auto bailout they aim to bring to a vote this week, but White House officials gave a cool initial response.
The measure would rush bridge loans ...
DATE: Dec 09, 2008
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Bermuda-based re/insurer Axis Capital announced yesterday that it had agreed to acquire Australia-based managing agency Dexta Corporation.
Operating from locations in Sydney, Melbourne, Brisbane and Adelaide, Dexta specialises in professional indemni...
DATE: Dec 09, 2008
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LONDON (AP) — British car parts maker Wagon PLC filed for a form of bankruptcy yesterday after it failed to convince key shareholders to commit to an emergency refinancing package after a global slump in demand for cars crippled its business.
Wagon, ...
DATE: Dec 09, 2008
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CLOSE THE UNEMPLOYMENT GAP: Unemployment is rising as businesses and the public sector try to cut costs. It's a tough job market — and for those who have been out of work for half a year or longer, it can be even rougher.
"If somebody wasn't doing an...
DATE: Dec 09, 2008
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NEW YORK (Reuters) - A group in the US working for state insurance regulators has green-lighted several proposals submitted by the life-insurance industry in recent weeks aimed at lowering insurers' capital and reserve requirements, the Wall Street J...
DATE: Dec 09, 2008
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