76382 results returned for search: "" category "Business"
WASHINGTON (Reuters) - With Main Street up in arms over a proposed $700 billion financial bailout of Wall Street, lawmakers turned to top US officials to make the case for them that failure to act would unleash a financial armageddon.
While most cong...
DATE: Sep 25, 2008
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Flagstone Reinsurance Holdings Ltd. plans to repurchase up to 5 million shares in a move to boost shareholder value.
The Bermuda-based reinsurer had about 85.6 million shares outstanding at the end of June. At the stock's closing price on Monday of $...
DATE: Sep 25, 2008
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The fall-out from American International Group's (AIG) $85 billion bailout by the US government could open up a number of opportunities and possibilities for Bermuda's reinsurance industry.
Insurance industry expert Andrew Barile reckons several of t...
DATE: Sep 25, 2008
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TORONTO (Bloomberg) - Canadian stocks fell a third day, led by industrial and energy shares, on speculation a delay to the US's $700 billion bank bailout plan will curb economic growth and corporate spending in Canada's biggest trade partner.
Bombard...
DATE: Sep 25, 2008
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What went wrong?
AIG is often described as an "insurance giant," but the company also derives income from businesses unrelated to traditional insurance products. The crisis at AIG is driven in large part by losses on a type of financial instrument ca...
DATE: Sep 25, 2008
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PartnerRe Ltd. said yesterday it estimated it will receive claims for Hurricane Ike between $175 million and $210 million on a pre-tax basis, net of reinstatement premiums.
PartnerRe said its own "loss estimate is based on the assessment of individua...
DATE: Sep 25, 2008
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NEW YORK — Mark Endres has 19 years left to pay on his mortgage and the Philadelphia barber is not expecting anyone to cut him any slack. So what's all this talk about the government writing a $700 billion cheque to Wall Street?
Plans for a massive f...
DATE: Sep 25, 2008
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NEW YORK (AP) - Tension grew in the financial markets yesterday, sending stocks mostly lower as investors worried about the effectiveness of a still-emerging government plan to rescue banks from crippling debt. The credit markets also showed added st...
DATE: Sep 25, 2008
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LONDON (Bloomberg) — British Airways Plc chief executive officer Willie Walsh said the airline is bracing for the loss of passengers in its most lucrative premium-travel market amid job losses because of financial-industry bankruptcies.
The carrier's...
DATE: Sep 25, 2008
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WASHINGTON (Reuters) – Prices of existing homes in the United States suffered a record drop in August while the sales pace slowed and the overstock of homes shrank, the National Association of Realtors said.
The pace of existing home sales decreased ...
DATE: Sep 25, 2008
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