49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Maurice (Hank) Greenberg, the former chief executive officer of American International Group Inc., said new CEO Edward Liddy's experience running Allstate Corp. "hardly equips" him to run AIG.
Managing Allstate, which specialis...
DATE: Dec 24, 2008
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london (Bloomberg) — Two Bermuda-based companies, Hiscox Ltd. and Catlin Group Ltd., and a third which writes much of its reinsurance business on the Island, Amlin, are among the ten best-performing large British companies this year.
The three Lloyd'...
DATE: Dec 24, 2008
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Argus Group Holdings Ltd.'s shares fell for the second straight day on The Royal Gazette/Bermuda Stock Exchange (BSX) yesterday.
The insurer dropped 25 cents (2.5 percent) to close at $9.75, with 200 shares changing hands.
Butterfield Bank also decli...
DATE: Dec 24, 2008
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Customers of Bermuda CableVision's Broadband Link high-speed data service will now be able to enjoy double the broadband speed for the same cost.
CableVision's Broadband Link, which was introduced in April 2007, is the Island's only symmetrical data ...
DATE: Dec 24, 2008
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NEW YORK (AP) — Wall Street pulled back again yesterday in muted trading ahead of the holiday, as another round of reports showed further deterioration in the housing market and broader economy.
The Dow Jones industrial average finished lower for the...
DATE: Dec 24, 2008
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WASHINGTON (Bloomberg) - General Motors Corp. (GM) fell as much as 18 percent after a Credit Suisse Group AG analyst said stockholders may be 'wiped out' by the restructuring needed to win a US bailout and cut his rating to 'underperform'.
The 12-mon...
DATE: Dec 23, 2008
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Bermuda-based specialist insurer Hiscox has lured two managers from bailed-out American International Group (AIG) companies to take top roles in its Manhattan office.
John Tutera will be Hiscox's vice-president, construction property and Robert Cruz ...
DATE: Dec 23, 2008
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Everest Re Group Ltd.'s subsidiary Everest Reinsurance Co. has been approved as an admitted property and casualty reinsurer in Brazil.
The approval by the Brazilian insurance regulator, SUSEP (Superintendencia de Seguros Privados) allows Everest to e...
DATE: Dec 23, 2008
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LONDON (AP) — House prices in Britain will fall ten percent next year as banks rein in mortgage lending and buyers are deterred by the economic slowdown, a leading property researcher forecast yesterday.
Hometrack acknowledged that because of the mar...
DATE: Dec 23, 2008
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TORONTO (Bloomberg) - Canadian stocks fell, sending the main index to its biggest drop in three weeks, as energy producers slid along with oil prices.
Suncor Energy Inc. fell 11 percent as crude slid on speculation that the global recession will curt...
DATE: Dec 23, 2008
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