49296 results returned for search: "" category ("Other" AND "Business")
LOS ANGELES (AP) — Insurers including The Hartford Financial, Prudential Financial Inc. and Lincoln National Corp. have received preliminary approval to get billions of dollars from the government's financial industry rescue programme.
Treasury Depar...
DATE: May 15, 2009
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NEW YORK (AP) — Investors put aside jitters about the economy to do a little bargain hunting.
Stocks rose yesterday after three mostly down days as traders bought beaten-down financial and technology stocks. The buying was subdued after a worse-than-...
DATE: May 15, 2009
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Bermuda re/insurers IPC Holdings and Max Capital said last night they had cleared the regulatory hurdles needed to go ahead with their amalgamation, and they expected the merger transaction to be completed on June 12, pending shareholder approval.
Th...
DATE: May 15, 2009
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - A second Lehman Brothers-backed catastrophe bond is in default after issuer Ajax Re Ltd. failed to repay principal in full at maturity, according to credit rating agencies.
The $100 million bond, issued in April 2007 to give Bermud...
DATE: May 15, 2009
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LONDON (AP) — New data released yesterday provided further signs of a pick-up in the British housing market, with a survey showing that the number of new mortgages jumped by 29 percent in March.
The Council of Mortgage Lenders said that a total of 31...
DATE: May 15, 2009
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Digicel Bermuda customers will be able to receive calls from other users of the network for free in a move which could be set to revolutionise the Island's telecommunications industry.
As of yesterday, all Digicel phone users with post-paid plans or ...
DATE: May 15, 2009
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The chairman of an influential House subcommittee said the federal government, not the states, should have the primary responsibility for overseeing the insurance industry.
Representative Paul Kanjorksi, a Pennsylvania Democrat, said the need for man...
DATE: May 15, 2009
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LONDON (AP) — British insurer Prudential PLC said yesterday that first-quarter sales fell five percent, weighed by weak markets in Asia and Europe.
The company reported sales of £697 million ($1.05 billion), down five percent from the same quarter a ...
DATE: May 15, 2009
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Butterfield Bank boosted its share price by 10 cents (two percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank finished the day at $5.10, with 10,200 shares traded.
Argus Group Holdings Ltd. also rose 10 cents (1.44 pe...
DATE: May 15, 2009
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WASHINGTON (AP) — New jobless claims rose more than expected last week due partly to an increase in lay-offs by the US automobile industry, while the number of Americans continuing to receive unemployment benefits set a record for the 15th straight w...
DATE: May 15, 2009
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