76379 results returned for search: "" category "Business"
new york (Bloomberg) — Willis Group Holdings Ltd., the world's third-largest insurance broker, tumbled the most in seven years in New York trading after posting a 46 percent drop in third-quarter profit and cutting its full-year forecast.
Willis fell...
DATE: Oct 24, 2008
|
CATEGORY:
Other
|
Montpelier Re Holdings Ltd. suffered a $142 million net loss during the third quarter of 2008, reflecting expected losses of $130 million from Hurricanes Gustav and Ike and a combined total of $88 million in realised, unrealised and foreign exchange ...
DATE: Oct 24, 2008
|
CATEGORY:
Other
|
Bermuda insurer Endurance Specialty Holdings Ltd. has announced that it expects to report a third-quarter operating loss of between 96 cents and $1.15 per share.
The main reasons were estimated losses of $145 million related to hurricanes Gustav and ...
DATE: Oct 23, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Apple Inc. rose as much as nine percent in Nasdaq trading after soaring iPhone sales lifted profit and chief executive officer Steve Jobs said customers will stay loyal in a recession.
"We may get buffeted around by the waves a...
DATE: Oct 23, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Yahoo! Inc., owner of the second most popular Internet search engine, is socking away cash for potential acquisitions, fuelling speculation that an agreement to buy Time Warner Inc.'s AOL unit is close.
The company is conservin...
DATE: Oct 23, 2008
|
CATEGORY:
Other
|
PartnerRe Ltd. suffered a net loss of $151.7 million, or $3.01 per share, after being hit with a $281.1 million realised and unrealised loss on investments during the third quarter of 2008.
The reinsurer, which made a profit of $262.9 million, or $4....
DATE: Oct 23, 2008
|
CATEGORY:
Other
|
A glimmer of optimism is emerging for insurers in the wake of what has been one of the most difficult quarters the industry has faced, as some suggesting the trend of declining rates could be about to change.
Bermuda insurers to have declared their t...
DATE: Oct 23, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Allied World Assurance Company Holdings Ltd. has announced that John Gauthier, CFA, has joined the company as senior vice-president and chief investment officer.
In this new role, Mr. Gauthier will oversee the management of the company's investment ...
DATE: Oct 23, 2008
|
CATEGORY:
Other
|
Motorists are finally getting a break at the gas pumps after a dramatic slide in the price of oil over the last few months.
Government announced new fuel prices yesterday with the price of gasoline slashed by 14 percent.
The announcement means that t...
DATE: Oct 23, 2008
|
CATEGORY:
Other
|
Bread still costs the same as it did three months ago, while potatoes were more expensive in October compared to July, according to the latest price survey by The Royal Gazette.
A loaf of Sunbeam white bread remained at $4.75, with a 5lb bag of potat...
DATE: Oct 23, 2008
|
CATEGORY:
Other
|
