49296 results returned for search: "" category ("Other" AND "Business")
The wave of multi-billion dollar mergers that some had predicted for the Bermuda insurance market has not materialised, but the Island's companies have been adding to their size in other ways.
That was the conclusion of a session on mergers and acqui...
DATE: Nov 16, 2009
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AUTHOR:
Jonathan Kent
NEW YORK 13 (Bloomberg) - Assured Guaranty Corp. rose after Moodys Investors Service lowered its insurance financial strength rating by one level.
Assured is pleased that Moodys assigned a rating that connotes significant financial strength in today'...
DATE: Nov 16, 2009
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LONDON (Bloomberg) - South Korea's National Pension Service (NPS), the nations biggest investor, agreed to buy HSBC Holdings plc.'s London headquarters for £772.5 million ($1.29 billion) as the fund boosts overseas assets.
HSBC, Europe's largest bank...
DATE: Nov 16, 2009
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NEW YORK (Reuters) - US stocks could face difficulty gaining traction this week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.
With the majority of corpora...
DATE: Nov 16, 2009
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TORONTO (Reuters) - Canadian retailers are expected to notch improved holiday sales this year compared with the dismal performance of 2008, but the sector offers few bargains for investors after a recent rally.
Analysts warn that a recovery in valuat...
DATE: Nov 16, 2009
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Barack Obama visited Japan, last week, on the first leg of his Asian tour. The reason for selecting Japan, as the first stop, was more to do with courtesy than its centrality in US strategic plans. China is, of course, the primary focus of American a...
DATE: Nov 16, 2009
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NEW YORK (AP) - Items that used to belong to fallen financier Bernard Madoff and his wife, Ruth, fetched several times their estimated values at auction for a total of about $1 million, twice as much as the auctioneers had hoped for.
Madoff's blue sa...
DATE: Nov 16, 2009
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SAO PAOLO, Brazil (Bloomberg) - XL Capital Ltd. agreed to sell its stake in the Itau-XL joint venture insurance company to a unit of Itau Unibanco Holding SA and terminate the joint venture.
Brazil's biggest non-government bank said in a Brazilian re...
DATE: Nov 16, 2009
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NEW YORK (Bloomberg) - Teekay Corp., the worlds largest oil-tanker owner, reported a third-quarter loss of $142.2 million as rates to transport crude dropped during the recession.
The loss was $1.96 a share, compared with net income of $103.1 million...
DATE: Nov 16, 2009
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NEW YORK (Reuters) - A former Tyco International Ltd. director has agreed to pay New Jersey $5.6 million to settle a seven-year-old lawsuit alleging securities fraud.
The state accused Frank Walsh, who had been an independent director, of taking an i...
DATE: Nov 16, 2009
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