76382 results returned for search: "" category "Business"
LONDON (AP) - Britain's local government authorities are planning to ask for temporary tax breaks from the national government as they brace for potentially huge losses on funds placed with now-failed Icelandic banks, the Local Government Association...
DATE: Oct 10, 2008
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Validus Holdings yesterday announced that it expects losses of $185 million from Hurricanes Ike and Gustav to negatively affect its third quarter of 2008.
Validus chairman and CEO Ed Noonan said the company believes estimated losses to date in the in...
DATE: Oct 10, 2008
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Banks can ignore the market's message all they want. They can't make investors believe them.
Contrary to many news reports, the Securities and Exchange Commission and the Financial Accounting Standards Board did not loosen the rules for fair-value ac...
DATE: Oct 10, 2008
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WASHINGTON (Reuters) - Emerging-market economies face their biggest challenge in a decade as G7 finance ministers gather this weekend in Washington to discuss ways to prevent a devastating financial crisis from snowballing into developing countries.
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DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — The government is planning to buy stakes in a wide range of banks within weeks as the credit freeze increasingly threatens to tip the US economy into a deep recession.
Treasury Secretary Henry Paulson and top aides are still co...
DATE: Oct 10, 2008
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LONDON (AP) - Bonuses at London's banks will plunge nearly 60 percent this year, a leading economic consultancy predicted yesterday, as Britain's Prime Minister Gordon Brown demands punishment for irresponsible bankers.
Brown said he is angry at the ...
DATE: Oct 10, 2008
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BOSTON (Bloomberg) - Investors pulled a record $72 billion from US-managed stock and bond mutual funds in September, seeking the safety of government-insured bank deposits as the financial crisis worsened.
Shareholders took $43.5 billion from stock f...
DATE: Oct 10, 2008
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NEW YORK (Reuters) - Prudential Financial Inc is the latest major insurer to warn its quarterly profits would miss forecasts, as the shares of rivals were pummelled on concern they would need to raise capital.
The second-largest US life insurer said ...
DATE: Oct 10, 2008
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FRANKFURT, Germany (AP) — Automaker Daimler AG said yesterday it plans to add more than 1,000 jobs around the world next year despite the world financial crisis.
The company said it will create 500 new positions in Stuttgart, Germany, alone in an eff...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the insurer that pledged to curb spending after hosting a $440,000 gathering following a federal bailout, said yesterday it will cancel most of its planned meetings and conferences.
AIG chief ...
DATE: Oct 10, 2008
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