76383 results returned for search: "" category "Business"
NEW YORK (Reuters) - US stocks rose yesterday as surprisingly strong data on durable goods orders soothed some concern about the sluggish economy while Fannie Mae and Freddie Mac led a rally in financial shares.
Energy shares gained with higher oil p...
DATE: Aug 28, 2008
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Bermuda-based CastlePoint Reinsurance Company Ltd. has agreed to buy US insurance comany Hermitage in a $135 million deal.
The agreement continues a trend of well-capitalised Bermuda reinsurers extending their reach into the US primary insurance mark...
DATE: Aug 28, 2008
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Argus Group Holdings Ltd. saw its share price fall 15 cents (1.01 percent) to close at $14.60 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The insurance company traded 1,219 shares.
Butterfield Bank, however, boosted its share p...
DATE: Aug 28, 2008
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Taxis drivers and the role they play in Bermuda's tourism industry were recognised at a party laid on at The Reefs Club.
The first-ever Taxi Driver Appreciation Party, which was held at one of the hotel's new restaurants Royston's on August 19, attra...
DATE: Aug 28, 2008
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WASHINGTON (AP) — Federal regulators yesterday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014.
The push by the S...
DATE: Aug 28, 2008
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TORONTO (Bloomberg) - Canadian stocks gained the most in a week, led by banks, after Canadian Imperial Bank of Commerce posted lower-than-estimated writedowns, stoking speculation that the worst of the credit crisis may soon be over for lenders.
CIBC...
DATE: Aug 28, 2008
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Max Capital Group Ltd. yesterday has appointed Kevin Werle as executive vice-president and chief risk officer.
Mr. Werle, an experienced insurance industry veteran who most recently served as vice-president responsible for risk management, informatio...
DATE: Aug 28, 2008
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LONDON (AP) - Taylor Wimpey plc., Britain's largest homebuilder by volume, reported a $2.6 billion loss for the first half of the year yesterday, reflecting a nearly $2.8 billion write-down in the value of its assets.
The company lost £1.42 billion f...
DATE: Aug 28, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the largest US insurer, had the bonds of its plane-leasing and consumer finance units cut to "deteriorating" by Gimme Credit on prospects the businesses may be sold to raise cash.
The debt rat...
DATE: Aug 28, 2008
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BERLIN (AP) - Utility E.ON AG said yesterday that it plans to cut as many as 1,800 jobs over the coming years as it streamlines its service operations in Germany, but hopes to do it without lay-offs.
The cuts would amount to about 12 percent of its G...
DATE: Aug 28, 2008
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