76422 results returned for search: "" category "Business"
DETROIT (AP) — Whether it be safety systems, fuel economy, engines or quality, most automakers world-wide have raised their games, and differences between brands sold in the US are generally small.
So it comes down to design — the way cars look insid...
DATE: Jan 17, 2008
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beijing (Bloomberg) — SAIC Motor Corp., China's largest carmaker, said net income probably tripled in 2007 after the company expanded.
Net profit in 2006 was 1.4 billion yuan ($197 billion), or 0.218 yuan a share, the company said in a statement to t...
DATE: Jan 17, 2008
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MUNICH (Bloomberg) — Betting against a pandemic paid off for Michael Stahel, who earned returns on so-called "death bonds" that were three times higher than those generated by corporate debt securities last year.
"The kind of event needed to trigger ...
DATE: Jan 17, 2008
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Now is the time to cash in on gold jewellery, according to some of Bermuda's top high street jewellers.
With the value of the dollar weakening and the price of gold rising, there has never been a better time to invest in gold rings, chains, bracelets...
DATE: Jan 17, 2008
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NEW YORK (Reuters) - JPMorgan Chase & Co said yesterday quarterly profit fell a worse-than-expected 24 percent as the No. 3 US bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity loans.
Investors, howev...
DATE: Jan 17, 2008
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Oliver Rendell Arton, a major figure in Bermuda's banking world, has died aged 91.
Mr. Arton joined Butterfield Bank in 1934, working his way up the ranks, occupying just about every job from teller to his most recent position, of senior internationa...
DATE: Jan 17, 2008
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Two Bermuda reinsurers expect to write down their fourth-quarter results by a combined quarter of a billion dollars, after they announced last night that their stakes in a bond reinsurer had become worthless.
RenaissanceRe will take a $181.7 million ...
DATE: Jan 17, 2008
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American International Group Inc. (AIG) has become the latest company to terminate a Bermuda-based sidecar, a trend brought about largely by the lack of catastrophes in the past two years.
AIG's $730 million Bermuda-based sidecar Concord Re was set u...
DATE: Jan 17, 2008
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AUTHOR:
Jonathan Kent
TALLAHASSEE, Florida (Reuters) - Florida's insurance commissioner said yesterday he suspended Allstate Cos from writing new policies in the state because it had not fully complied with a subpoena to testify about its property insurance business.
"We'...
DATE: Jan 17, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index closed at its lowest level in five months yesterday, extending the previous day's heavy losses, as resource shares tumbled alongside commodity prices.
The S&P/TSX composite index closed down...
DATE: Jan 17, 2008
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