49296 results returned for search: "" category ("Other" AND "Business")
LONDON - A cut in the UK's ratings outlook from agency Standard & Poor's weighed on Britain's top share index, with weakness in heavyweight oils, miners and banks contributing to a 2.75 percent slide by the close. The FTSE 100 index ended 122.94 poin...
DATE: May 22, 2009
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LONDON (AP) — Retail sales in the United Kingdom rose 0.9 percent in April from March, but the increase over a three-month period was the lowest in 13 years, the government said yesterday.
The strong April sales put retail volume 2.6 percent ahead of...
DATE: May 22, 2009
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NEW YORK (Bloomberg) — US life insurers, a group led by MetLife Inc. and Prudential Financial Inc., face "pain" on more than $300 billion invested in mortgages tied to commercial property and multifamily homes, Standard & Poor's said.
"As the recessi...
DATE: May 21, 2009
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A critical success factor for business owners is the effective management of cash reserves and cash flow. This holds true no matter the industry, business model or stage of the business cycle in which the venture operates.
The commonly stated goal or...
DATE: May 21, 2009
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RAM Holdings Ltd. (Pink Sheets:RAMR) responded today to Moody's Investors Service (Moody's) ratings action. Moody's downgraded to Ba3, from Baa3, the insurance financial strength rating of RAM Reinsurance Company Ltd. (RAM Re). In the same rating act...
DATE: May 21, 2009
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Butterfield Bank's recovery is contingent on retaining clients and deposits in a low-interest environment that is dampening its earnings.
That is the view of experts from Bermuda Investment Advisory Services Ltd. (BIAS), who also told investors at th...
DATE: May 21, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — American International Group Inc. is doing a "great job" of masking its identity from Japanese insurance consumers who might otherwise steer clear of the company, Aflac Inc. chief executive officer Daniel Amos said.
"There is n...
DATE: May 21, 2009
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WASHINGTON (AP) — Declaring that the US financial system was "starting to heal," Treasury Secretary Timothy Geithner said yesterday that major banks had raised $56 billion since stress tests showed several in need of more capital — a sign of emerging...
DATE: May 21, 2009
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NEW YORK (Bloomberg) — Target Corp., the second-largest US discount retailer, said first-quarter profit declined less than analysts estimated after it limited markdowns and controlled expenses.
Net income fell 13 percent to $522 million, or 69 cents ...
DATE: May 21, 2009
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Ace Ltd. announced yesterday named Brian Dowd as its vice-chairman.
Mr. Dowd is the insurer's chief executive officer, insurance - North America.
In addition to his current responsibilities, which encompass Ace's property and casualty insurance opera...
DATE: May 21, 2009
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