49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (AP) — The man who built insurance giant American International Group Inc. from a startup to a global behemoth said he didn't mismanage the company — but the US government did.
Following weeks of public and congressional outrage over the l...
DATE: Apr 03, 2009
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WASHINGTON (Bloomberg) — House Financial Services Committee chairman Barney Frank asked Treasury Secretary Timothy Geithner to investigate possible "discrimination" in payments American International Group Inc. made to banks using taxpayer funds. Fra...
DATE: Apr 03, 2009
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Butterfield Bank bounced back from its recent slide, climbing 25 cents (five percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank ended the day on $5.25, with 13,082 shares traded.
The only other trader was KeyTech Ltd...
DATE: Apr 03, 2009
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GENEVA (Bloomberg) - Swiss Reinsurance Co., the world's second-biggest reinsurer, plans to cut 10 percent of jobs within a year after posting a record loss that forced it to turn to Warren Buffett for capital.
Swiss Re, which employs 11,560 and close...
DATE: Apr 03, 2009
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LONDON (AP) — Aviva PLC said yesterday that it plans to eliminate 1,100 jobs in Britain in its Norwich Union Life division, about 3.7 percent of the company's 30,000 employees across the country.
Aviva said it also planned to eliminate 590 contract p...
DATE: Apr 03, 2009
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BERN, Switzerland (Bloomberg) — Liechtenstein said it is confident talks with the UK on the exchange of tax information will lead to a "swift" agreement after the two sides held discussions yesterday in Bern.
Negotiations focused on ways to encourage...
DATE: Apr 03, 2009
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Stafford Flooring is doing its bit for the environment by pledging to plant a tree for every wood floor it sells.
As part of its Going Green for Good policy, the company has launched the Bermuda Cedar Programme, meaning that for every purchase of woo...
DATE: Apr 03, 2009
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LONDON (Bloomberg) - Golden Ocean Group Ltd., the commodity shipping line led by Norwegian billionaire John Fredriksen, advanced in Oslo trading after raising about $110 million through a sale of new shares.
The Bermuda-based company climbed as much ...
DATE: Apr 03, 2009
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ZURICH (Reuters) - Switzerland will keep defending its strict banking secrecy after making some concessions but expects more pressure from a global crackdown on tax havens due to the economic crisis, a minister said yesterday.
Swiss Economy Minister ...
DATE: Apr 03, 2009
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LONDON (Reuters) - The British government said yesterday it had signed a deal with Royal Bank of Scotland and its Natwest unit to increase loans to business under its £10 billion ($14.7 billion) working capital scheme.
Business Minister Ian Pearson s...
DATE: Apr 03, 2009
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