76398 results returned for search: "" category "Business"
LONDON (AP) — BT Group PLC reported a 6.2-percent fall in final quarter net profit yesterday, after losing some wholesale customers to broadband services and as costs rose.
Net profit fell to £426 million ($828.5 million) over the three months ending...
DATE: May 16, 2008
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LONDON (Reuters) - Bermuda-based insurer Catlin Group said yesterday trading in the first quarter was in line with expectations, with margins holding despite increased competition and an expected drop in premiums.
The insurer said gross written premi...
DATE: May 16, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index popped up more than one percent yesterday, propelled further into record high territory by strong resource and financial shares.
Inmet Mining was the biggest net gainer on the day, rising C$...
DATE: May 16, 2008
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Bermuda-based Intelsat Ltd., the world's leading provider of fixed satellite services, yesterday reported a net loss of $412.7 million for the first quarter, largely because of costs related to an acquisition.
Intelsat Global acquired all the equity ...
DATE: May 16, 2008
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WASHINGTON (AP) — Congress sent the White House a huge election-year farm bill yesterday that includes a boost in farm subsidies and more money for food stamps amid rising grocery prices.
Bush has threatened to veto the $290 billion bill, saying it i...
DATE: May 16, 2008
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Bermuda-based Arch Capital Group Ltd. yesterday announced that Mark Lyons has been promoted to the position of chairman and chief executive officer of Arch Worldwide Insurance Group, effective July 2, 2008.
Mr. Lyons, 51, who joined Arch in 2002, is ...
DATE: May 16, 2008
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Bermuda-based Knightsbridge Tankers Ltd. reported net income of $14.8 million and earnings per share of $0.87 for the first quarter of 2008, a healthy increase on the $9.7 million it made in the same period in 2007.
The average daily time charter equ...
DATE: May 16, 2008
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NEW YORK (Bloomberg) — Banks and securities firms have written down more than 80 percent of sub-prime loan losses and "further ratings impact is likely to be minimal", Fitch Ratings said in a report.
UBS AG, Merrill Lynch and Citigroup Inc. are among...
DATE: May 16, 2008
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Slowly but surely, the grease that lubricates Wall Street's deal machine is flowing again.
A significant improvement in the credit markets since late March is emboldening more companies to undertake acquisitions and share buybacks that will be financ...
DATE: May 16, 2008
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ZURICH (Bloomberg) — Zurich Financial Services AG, Switzerland's largest insurer, said profit increased 2.9 percent in the first quarter, more than analysts estimated, as premium income at its biggest unit gained.
The company advanced as much as four...
DATE: May 16, 2008
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