76418 results returned for search: "" category "Business"
NEW YORK (Bloomberg) - XL Capital Ltd. received its third ratings downgrade this year when Moody's Investors Service cut ratings on the Bermuda-based business insurer's debt and claims- paying ability.
XL said on January 23 it lost as much as $1.2 bi...
DATE: Feb 04, 2008
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PARIS (Bloomberg) - Societe Generale SA, the French bank where a trader's unauthorised bets led to a record 4.9 billion euros ($7.2 billion) loss, published an open letter to clients saying the future of the bank is not threatened.
"This accident, ho...
DATE: Feb 04, 2008
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The US economy continues to show sign of weakness and this has prompted policymakers to move aggressively on both the monetary and fiscal fronts. Not too many months ago, the chairman of the Federal Reserve was fairly optimistic about prospects for t...
DATE: Feb 04, 2008
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LOS ANGELES (Bloomberg) - Global Sources Ltd., which matches buyers and sellers online in China, fell the most in more than a week after failing to meet its forecast for fourth-quarter sales and profit.
Global Sources dropped $2.13, or 14 percent, to...
DATE: Feb 04, 2008
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NEW YORK (Bloomberg) - Brian Storms, former CEO of the flagship insurance brokerage at Marsh & McLennan Cos., has been named CEO of APX Inc., the California-based company that sells systems to trade emission credits.
John Melby, who has been serving ...
DATE: Feb 04, 2008
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TORONTO (Reuters) - Canadian mining companies are still enjoying historically high metal prices, but rising costs, some recent price easing and unfavorable exchange rates mean the upcoming earnings season could be a tough one.
Analysts expect an over...
DATE: Feb 04, 2008
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NEW YORK (Bloomberg) - MF Global Ltd., the world's largest broker of exchange-traded futures and options contracts, said profit fell 43 percent because of expenses and accounting for the company's restructuring last year, while revenue from derivativ...
DATE: Feb 04, 2008
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NEW YORK (Bloomberg) - Ace Ltd., the Bermuda-based business insurer, may face litigation after Connecticut's attorney general found the company "probably" was paid too much to handle 660 of the state's workers' compensation claims.
Richard Blumenthal...
DATE: Feb 04, 2008
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Bank of Bermuda will be heading to the US and Canada in a bid to find the cream of the crop of Bermuda's students overseas.
The bank will be running its annual road-show across North America in a search for the Island's brightest and most talented un...
DATE: Feb 04, 2008
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SEATTLE (Bloomberg) - Some Microsoft Corp. shareholders say the software maker's $44.6 billion bid for Yahoo! Inc. may backfire and reduce its ability to compete with Google Inc. in Internet consumer services and advertising.
"This is a stupid deal, ...
DATE: Feb 04, 2008
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