76382 results returned for search: "" category "Business"
NEW YORK (Reuters) — American International Group Inc, crippled by losses on bad mortgage bets, said yesterday it will focus on its main insurance operations and put the rest of its businesses up for sale to repay up to $85 billion borrowed from the ...
DATE: Oct 04, 2008
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NEW YORK (AP) — Wall Street ended an intensely volatile week with another sell-off yesterday while credit markets remained strained after enthusiasm over the government's $700 billion financial rescue plan gave way to worries about obstacles still fa...
DATE: Oct 04, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index finished a turbulent week in negative territory yesterday as weak energy shares weighed on the market despite the passage of a multibillion-dollar Wall Street bailout package by US lawmakers...
DATE: Oct 04, 2008
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NEW YORK (Bloomberg) — The legislation passed yesterday by the US Congress to unfreeze credit markets (see full story on Page 6) would give the US Treasury almost complete discretion to purchase $700 billion of mortgage-backed securities and other tr...
DATE: Oct 04, 2008
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Until quite recently, Bermuda didn't have many tall buildings. All that has changed, which is handy for residents wanting to end it all, as a result of the financial crisis.
Following a dazzling display of downright stupidity in the US parliamentary ...
DATE: Oct 04, 2008
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LONDON (Reuters) - Marks & Spencer Plc is reining in investment, slashing costs and stepping up promotions amid signs of mounting pressure on UK consumers as banks tighten lending and house prices fall at the fastest rate for 17 years.
The clothing, ...
DATE: Oct 03, 2008
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TORONTO (Bloomberg) — Canadian stocks tumbled the most in almost eight years, led by a record drop in raw-material shares, as tighter credit, rising unemployment and lower home prices threatened to tip the U.S. into a recession.
Potash Corp. of Saska...
DATE: Oct 03, 2008
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AIG's Bermuda operations may be safe for the moment from hungry competitors eager to buy up the troubled insurer's assets as it struggles with the terms of its $85 billion loan from the US Federal Reserve, one industry analyst believes.
And, a new st...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — Investors should buy American International Group Inc.'s shorter-term notes, yet remain "cautious" on the insurer's longer-term debt because of the expense of a government loan deal, JPMorgan Chase & Co. said.
AIG, the insurer ...
DATE: Oct 03, 2008
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Butterfield Bank shares fell to a new 52-week low yesterday, dropping $0.25 to close at $12 after 135,868 shares were traded. The bank's two percent stock drop helped the Royal Gazette/Bermuda Stock Exchange to a -37.74 point dip on the day.
The BSX ...
DATE: Oct 03, 2008
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