76472 results returned for search: "" category "Business"
HARTFORD (Bloomberg) — Chubb Corp., an insurer of commercial property and high-end homes, said third-quarter profit more than doubled as calmer weather lowered claims.Net income increased to $604 million, or $1.43 a share, from $246 million, or 60 ce...
DATE: Oct 27, 2006
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The Royal Gazette/Bermuda Stock Exchange Index remain unchanged yesterday to close at 4,897.26.
On a quiet day of trading, Butterfield Bank was the only issue to see any activity on the Exchange, trading in 50 shares to close unchanged at $56.50.
The...
DATE: Oct 27, 2006
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NEW YORK Bermuda-based asset manager WP Stewart & Co. said third-quarter profit shrank 71 percent as trading activity slowed dramatically, and the company earned less from management fees.
The company posted third-quarter net income of $3.5 million,...
DATE: Oct 27, 2006
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LONDON (Bloomberg) — Aviva Plc, the UK’s biggest insurer, said life and pension sales slowed in some overseas markets, damping strength in the UK and keeping gains slightly below analysts’ estimates.New business increased to $19.1 billion ($36 billio...
DATE: Oct 27, 2006
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Arch Capital Group Limited yesterday posted net income of $185 million or $2.44 a share for the third quarter of 2006 up from a net loss of $86.3 million or $1.15 a share a year earlier.
The Bermuda-based insurer and reinsurer reported after-tax oper...
DATE: Oct 27, 2006
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PartnerRe?s strong earnings performance contributed to Moody?s Investors Service affirming the Baa1 preferred stock rating of PartnerRe Ltd. and the Aa3 insurance financial strength ratings of its principal reinsurance subsidiaries.
Moody?s has also ...
DATE: Oct 27, 2006
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SHANGHAI, China (AP) — China expects plenty of cause for celebration when Industrial & Commercial Bank of China’s record-smashing initial public offering begins trading today, likely boosting markets already trading at record or multi-year highs.Inve...
DATE: Oct 27, 2006
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NEW YORK (Bloomberg) — Global Crossing Ltd., a telecommunications company seeking to turn a profit, agreed to buy Impsat Fiber Networks Inc. for about $95 million and add more than 4,500 Latin American customers.Investors will receive $9.32 a share f...
DATE: Oct 27, 2006
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NEW YORK (Bloomberg) — JPMorgan Chase & Co. chairman William Harrison plans to retire from the third-biggest US bank at the end of the year and expects to hand the post to chief executive officer Jamie Dimon.Harrison, 63, will leave on December 31 af...
DATE: Oct 27, 2006
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NEW YORK (Reuters) — US stocks sold off yesterday after data showed third-quarter US economic growth was the weakest in more than three years and a Goldman Sachs report prompted investors to unload some shares of Intel Corp. and other semiconductor c...
DATE: Oct 27, 2006
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