49296 results returned for search: "" category ("Other" AND "Business")
EXTON, Pennsylvania (AP) — XL Insurance, the global insurance subsidiary for Bermuda-based XL Capital Ltd., said its environmental division launched a unit that will provide pollution coverage to small and mid-size businesses.
The new unit will handl...
DATE: Feb 04, 2009
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NEW YORK (A. M. Best via COMTEX) - The battle over a large block of American International Group Inc. stock between AIG and the man who built it into an insurance giant before being forced out, Maurice (Hank) Greenberg, is scheduled for trial in a Ne...
DATE: Feb 04, 2009
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TORONTO (Reuters) - Toronto's main stock index eked out a small gain yesterday, ending a three-session streak in negative territory, as a rise in financials on hopes generated by U.S. home sales data offset commodity stock weakness.
But it was a larg...
DATE: Feb 04, 2009
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Butterfield Bank's share price slipped five cents yesterday to slump to its 52-week low of $9.35.
The 0.5-percent fall in the bank's stock price was enough to keep The Royal Gazette / Bermuda Stock Exchange (BSX) Index on its downward trend.
The inde...
DATE: Feb 04, 2009
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NEW YORK (Bloomberg) — Ace Ltd., the business insurer that moved its headquarters to Zurich from Bermuda, said profit plunged 97 percent, the second consecutive quarterly decline tied to losses in its investment portfolio.
Fourth-quarter net income w...
DATE: Feb 04, 2009
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WASHINGTON (Bloomberg) — A Senate committee is investigating whether multinational companies abused a tax break in 2004 that gave them an 85 percent discount on profits made overseas and brought back to the US.
The Senate Permanent Subcommittee on In...
DATE: Feb 04, 2009
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NEW YORK (Reuters) - Motorola Inc. forecast a deeper-than-expected first-quarter loss, suspended its quarterly dividend and said its chief financial officer left, sending its shares down as much as 14 percent.
The embattled cell-phone maker slid to f...
DATE: Feb 04, 2009
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LONDON (Reuters) - London faces a threat to its status as a global financial centre in the shake-up caused by the global credit crisis, the capital's minister said yesterday.
Niche financial markets as well as heavyweights such as New York and Frankf...
DATE: Feb 03, 2009
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Bermuda reinsurer PartnerRe last night reported a $95.3 million profit for the fourth quarter and achieved investment gains despite an horrendous three-month period on the global financial markets.
The fourth-quarter performance allowed the company t...
DATE: Feb 03, 2009
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AUTHOR:
Jonathan Kent
LONDON (AP) — Collapsed retailer Woolworths will soon have new life online after Shop Direct Group said yesterday it had purchased the brand name for an undisclosed sum.
In a statement, Shop Direct said it intends to launch www.woolworths.co.uk this ...
DATE: Feb 03, 2009
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