76382 results returned for search: "" category "Business"
NEW YORK (Reuters) — Bank of America Corp's $50 billion acquisition of Merrill Lynch & Co would mark the end of a storied name in American finance, but create the nation's biggest bank by far.
Investors soured after the merger was announced early yes...
DATE: Sep 16, 2008
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Bermuda cannot afford to be complacent or take its position for granted in the face of London's status as a top global financial centre being threatened by rising tax and the regulatory burden of doing business.
That is the message from Ed Noonan, CE...
DATE: Sep 16, 2008
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NEW YORK (Reuters) - Disbelief and anxiety were written on the faces of staff at American International Group Inc as they grappled with the idea that their company, which was once the largest insurer in the world and one of the safest places to work,...
DATE: Sep 16, 2008
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NEW YORK (Bloomberg) — Travelers Cos., the second-biggest US commercial insurer, and Ace Ltd. advanced on speculation they may win new customers as American International Group Inc. struggles to raise capital.
Travelers rose 35 cents to $45.40 at 11:...
DATE: Sep 16, 2008
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NEW YORK (Reuters) - The deepening upheaval on Wall Street has rippled throughout New York's business community, hurting everyone from luxury goods stores to charities to Manhattan restaurants, store owners and experts say.
With New York already feel...
DATE: Sep 16, 2008
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While markets elsewhere in the world were going crazy on the news of the collapse of Lehman Brothers and the merger of Merrill Lynch and Bank of America, the Royal Gazette/Bermuda Stock Exchange marked a quiet day.
The only stock traded was Butterfie...
DATE: Sep 16, 2008
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TORONTO (Reuters) - The main index of the Toronto Stock Exchange plunged 4 percent yesterday in a broad selloff triggered by the failure of Wall Street investment bank Lehman Brothers and a big drop in the price of oil.
The bankruptcy protection fili...
DATE: Sep 16, 2008
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NEW YORK (AP) — A stunning makeover of the Wall Street landscape sent stocks falling precipitously yesterday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted ba...
DATE: Sep 16, 2008
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The average company loss to fraud has increased by 22 percent, mainly driven by the credit crunch and tough economic climate, according to the latest Kroll Global Fraud Report.
Companies lost an average of $8.2 million to fraud in the past three year...
DATE: Sep 16, 2008
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CHARLOTTE, North Carolina (AP) — American International Group Inc. will be allowed to use $20 billion of assets held by its subsidiaries to provide cash needed for the troubled insurer to stay in business, New York Gov. David Paterson said yesterday....
DATE: Sep 16, 2008
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