49296 results returned for search: "" category ("Other" AND "Business")
LONDON (AP) — British telecommunications company Cable & Wireless PLC yesterday reported a 13 percent drop in full-year profit, due mainly to an increase in restructuring costs.
For the year ending March 31, the company, a major player in the Bermuda...
DATE: May 22, 2009
|
CATEGORY:
Other
|
NEW YORK (Reuters) - Standard & Poor's yesterday cut its counterparty credit ratings on Ram Reinsurance Co. Ltd. by five notches, citing the bond reinsurer's decision not to write new business.
S&P also cut the senior unsecured rating on Bermuda-base...
DATE: May 22, 2009
|
CATEGORY:
Other
|
Telecommunications group KeyTech Ltd. plunged 14 percent yesterday to send local stocks lower.
The company, whose holdings include the Bermuda Telephone Company and M3 Wireless, shed $1.40 to close on $8.55. The big move was made on light volume, how...
DATE: May 22, 2009
|
CATEGORY:
Other
|
NEW YORK (AP) — American International Group Inc. yesterday said its chairman and chief executive plans to step down when a search for replacements is complete. The company also said its board agreed with a recommendation from Edward Liddy, who took ...
DATE: May 22, 2009
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Bermuda-based Assured Guaranty Ltd., the largest bond insurer by new guarantees, said Moody's Investors Service's review of its insurance grade for downgrade is inappropriate and may make it harder for cities and states to sell...
DATE: May 22, 2009
|
CATEGORY:
Other
|
US lawmakers realise that moves aimed at clamping down on offshore financial centres could backfire by hitting American consumers in the pocket.
That was the impression gained by Deputy Premier and Finance Minister Paula Cox from bilateral talks with...
DATE: May 22, 2009
|
CATEGORY:
Other
|
NEW YORK (Reuters) - US mortgage rates fell in the latest week, trekking closer to a record low set last month.
Interest rates on US 30-year fixed-rate mortgages fell to 4.82 percent for the week ending May 21, down from the previous week's 4.86 perc...
DATE: May 22, 2009
|
CATEGORY:
Other
|
NEW YORK (AP) — Another bad signal from the job market and concern over a possible downgrade of British government debt sent stocks sharply lower yesterday.
Major stock indicators slid more than 1.5 percent, cutting nearly 130 points off the Dow Jone...
DATE: May 22, 2009
|
CATEGORY:
Other
|
london (Bloomberg) — City of London Police arrested two men in connection with an alleged investment fraud worth £50 million ($78 million).
The two men, aged 40 and 43, were detained on charges of suspicion of conspiracy to defraud, money laundering ...
DATE: May 22, 2009
|
CATEGORY:
Other
|
WASHINGTON (AP) — The number of newly laid-off Americans requesting unemployment insurance dropped slightly last week after spiking due to auto lay-offs, while continuing jobless claims moved closer to seven million.
Jobs are likely to remain scarce ...
DATE: May 22, 2009
|
CATEGORY:
Other
|
