49296 results returned for search: "" category ("Other" AND "Business")
Allied World Assurance Company Holdings Ltd.'s president and CEO Scott Carmilani reckons the company has come out from the economic turmoil of 2008 even stronger, despite the insurer's profits dropping by more than $100 million for the fourth quarter...
DATE: Feb 06, 2009
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NEW YORK (Bloomberg) — Ira Lee Sorkin, the lawyer representing suspected Ponzi-scheme mastermind Bernard Madoff, was a customer of Madoff's investment advisory business before his client's arrest for allegedly running a $50 billion fraud, according t...
DATE: Feb 06, 2009
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LONDON (AP) — Britain's highest court has settled a 13-year legal battle about taxes on tea cakes.
The winner was Marks & Spencer PLC, which claimed it was owed £3.5 million ($5 million) because sales tax was wrongly applied to its chocolate tea cake...
DATE: Feb 05, 2009
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WASHINGTON (Reuters) - Harry Markopolos, a former investment manager who warned US regulators about Bernard Madoff, criticised the Securities and Exchange Commission and said yesterday that Madoff had help in running his alleged $50 billion fraud.
Ma...
DATE: Feb 05, 2009
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Bermuda-based Aspen Insurance Holdings Ltd. last night reported an 84-percent slump in fourth-quarter profits as hedge-fund investments slumped.
Aspen posted a net income of $21.8 million, or operating earnings of 17 cents per share, in the three mon...
DATE: Feb 05, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - Investment bank Lazard Ltd said fourth-quarter profit dropped by half, but results beat expectations as restructuring revenue rose, and its shares surged nearly 14 percent.
In recent quarters, posting any profit at all has been u...
DATE: Feb 05, 2009
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As expected, the newsflow on the global economy is proving to be quite unpleasant and is keeping risk appetite in check. People all over the world are aware that this is a synchronised global recession that is biting deeply.
Consumer spending in the ...
DATE: Feb 05, 2009
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NEW YORK (Bloomberg) — Former Tyco International Ltd. chief executive officer Dennis Kozlowski, now in jail for stealing millions of dollars from the Bermuda-based company, plans to appeal his conviction to the US Supreme Court.
Kozlowski hired New Y...
DATE: Feb 05, 2009
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Bermuda-based financial guarantor Primus Guaranty Ltd. yesterday announced a net loss of $918.5 million for the fourth quarter, citing turmoil in the credit markets.
The company, which provides around $22.5 billion in credit protection for clients, h...
DATE: Feb 05, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - The pace of contraction in Britain's giant services sector eased last month but soaring job losses and crumbling consumer confidence kept intact expectations of another interest rate cut this week.
The Bank of England has already s...
DATE: Feb 05, 2009
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