76472 results returned for search: "" category "Business"
LONDON (Bloomberg) —General Reinsurance UK, a unit of Warren Buffett’s Berkshire Hathaway Inc., was fined $1.2 million ($2.3 million) by the Financial Services Authority over two transactions that broke U.K. market regulations.The unit, based in Lond...
DATE: Nov 23, 2006
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LONDON (Bloomberg) ?General Reinsurance UK, a unit of Warren Buffett?s Berkshire Hathaway Inc., was fined ?1.2 million ($2.3 million) by the Financial Services Authority over two transactions that broke U.K. market regulations.
The unit, based in Lon...
DATE: Nov 23, 2006
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NEW YORK (Bloomberg) — Golar LNG Ltd., a Bermuda-based owner of liquefied-gas tankers, posted a third-quarter loss after a decline in interest rates.The net loss was $5.9 million, or nine cents a share, compared with net income of $11 million, or 17 ...
DATE: Nov 23, 2006
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MELBOURNE (Reuters) — Australia’s Qantas Airways has received a buyout offer from investment firms Macquarie Bank and Texas Pacific Group that could be worth more than A$10 billion ($7.77 billion), sending its shares up 15 percent.“The approach is co...
DATE: Nov 23, 2006
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DETROIT (Reuters) — Billionaire Kirk Kerkorian’s Tracinda Corp. investment firm yesterday said it had sold $462 million of stock in General Motors Corp this week, cutting its stake in the automaker to 7.4 percent from 9.9 percent.The news sent GM sto...
DATE: Nov 23, 2006
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LONDON (Bloomberg) — BW Offshore, which owns floating oil platforms, said third-quarter earnings more than tripled on increasing demand for its units.Net income jumped to $11.1 million from $3.5 million in the third quarter of 2005, said BW Offshore,...
DATE: Nov 23, 2006
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OSLO (Bloomberg) — SeaDrill ASA, a Norwegian oil-rig company, may be looking to take over a US competitor after its planned share sale, Martin Huseby Karlsen, an analyst with DnB Nor Markets, said.The company, run from Stavanger, Norway, will ask sto...
DATE: Nov 23, 2006
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Bermuda-based reinsurers saw their their 2006 net income soar to $5 billion and their combined ratios plummet and after a relatively mild hurricane season, according to a recent report by Fitch Ratings.
But it warned that the likelihood of lower rate...
DATE: Nov 22, 2006
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SYDNEY, Australia (AP) — Australia’s national carrier, Qantas, said today it had been approached by Macquarie Bank and the Texas Pacific Group amid speculation of a takeover that could be worth more than 10 billion Australian dollars ($7.7 billion).T...
DATE: Nov 22, 2006
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SAN FRANCISCO (Reuters) — The long-rumoured arrival of a hybrid mobile phone and iPod music player from Apple Computer Inc. has morphed from a question of “If” to “When” among fans and analysts.Since Apple’s introduction of the iPod five years ago, t...
DATE: Nov 22, 2006
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