49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — The trustee liquidating Bernard Madoff's defunct money management firm sued three Fairfield Greenwich Group hedge funds, seeking the return of $3.54 billion withdrawn before Madoff's massive fraud unravelled.
The trustee, Irvin...
DATE: May 20, 2009
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The Royal Gazette/Bermuda Stock Exchange (BSX) Index fell fractionally in light trading yesterday.
Energy provider Belco Holdings Ltd. was the only listed domestic company to change value, falling 1.5 percent.
Belco shed 25 cents to close the day on ...
DATE: May 20, 2009
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LONDON - Britain's top share index closed 0.8 percent firmer, pushed up by financials and miners, though gains were limited by figures that showed new US housing starts fell to record lows. The FTSE 100 closed 0.8 percent or 35.80 points higher at 4,...
DATE: May 20, 2009
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FRANKFURT (AP) — The board chairmen of German carmakers Volkswagen and Porsche appeared to change course yesterday, announcing the two companies will work toward an integrated company.
Ferdinand Piech, chairman of Volkswagen AG, and Wolfgang Porsche ...
DATE: May 20, 2009
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NEW YORK (Bloomberg) — American International Group Inc. investors will receive $843 million as part of a settlement of Securities and Exchange Commission claims the insurer, now under US control, committed accounting fraud from 2000 to 2005.
Cheques...
DATE: May 20, 2009
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TORONTO (Reuters) - Toronto's main stock index rallied sharply yesterday, reclaiming most of last week's losses, as higher oil prices boosted energy issues and as the TSX caught up with a rise by US stocks on Monday when the Toronto market was closed...
DATE: May 20, 2009
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LONDON (AP) — British luxury goods company Burberry Group PLC made a £5.1 million ($7.9 million) loss for the year after it heavily discounted products to maintain sales, wrote down the value of Spanish stores and bore the cost of moving its London a...
DATE: May 20, 2009
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WASHINGTON (AP) — President Barack Obama is asking consumers to put their money — up to $1,300 per new vehicle by 2016 — behind his plan for higher efficiency standards for cars and trucks and tougher rules on their greenhouse gas emissions.
In retur...
DATE: May 20, 2009
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NEW YORK/WASHINGTON (Reuters) - JPMorgan Chase & Co and several other banks eager to escape the restrictions and stigma linked to government bailout funds may get the chance to do so in the next few weeks.
Regulators are talking to big banks that wan...
DATE: May 20, 2009
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NEW YORK (Bloomberg) — Warren Buffett's Berkshire Hathaway Inc., the largest shareholder in Kraft Foods Inc. and Coca-Cola Co., is scaling back stock purchases after the firm's cash holdings fell to their lowest in more than five years.
Berkshire is ...
DATE: May 20, 2009
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