49296 results returned for search: "" category ("Other" AND "Business")
Potential tax revenue that leaves the US as a result of the much-discussed Bermuda insurance "loophole" amounts to less than $200 million a year, according to a Citigroup analyst.
And in years when major catastrophes spark enormous insurance claims, ...
DATE: Dec 18, 2008
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AUTHOR:
Jonathan Kent
Bermuda's property market will present many opportunities for developers, landlords and tenants alike, despite the current economic crisis, according to Sir John Swan.
The developer and former Premier, whose company Seon Place Ltd. is presently const...
DATE: Dec 18, 2008
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XL Capital Ltd.'s financial strength rating was yesterday downgraded to A from A+ by Fitch Ratings, on concerns over the company's invesment portfolio.
It is the second downgrade for the Bermuda-based business insurer since it gave guidance last week...
DATE: Dec 18, 2008
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CATEGORY:
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Representative Elijah Cummings said American International Group Inc., the insurer bailed out by the government, shouldn't be giving executives as much as $4 million in retention pay.
"Why are we trying to retain folks by givin...
DATE: Dec 18, 2008
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NEW YORK (Bloomberg) — American International Group Inc., which already has suffered more than $60 billion in writedowns and losses, may have to absorb almost $30 billion more because of flaws in the way its holdings are valued.
An examination of AIG...
DATE: Dec 18, 2008
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TORONTO (Reuters) - With the Toronto Stock Exchange closed yesterday because of technical problems, shares of some interlisted Canadian companies saw mixed action south of the border.
EnCana Corp, Canada's No.1 oil and gas producer, dropped 3.03 perc...
DATE: Dec 18, 2008
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WASHINGTON (AP) — The fraud investigation of Wall Street money manager Bernard L. Madoff took unusual twists yesterday as the US attorney general removed himself and the Securities and Exchange Commission looked into the relationship between Madoff's...
DATE: Dec 18, 2008
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LONDON (Reuters) - The number of Britons out of work and seeking benefits surged by the biggest margin since 1991 last month, raising the spectre of severe unemployment next year and increasing the chance of hefty Bank of England rate cuts.
BoE minut...
DATE: Dec 18, 2008
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NEW YORK (AP) - Wall Street finished moderately lower yesterday, as further signs of economic deterioration dampened investors' earlier enthusiasm about the Federal Reserve's record interest rate cut.
Stocks declined in the early going after a larger...
DATE: Dec 18, 2008
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wilmington (Bloomberg) — American International Group Inc. investors won final approval of a $115 million settlement of claims that the insurer overpaid a firm controlled by Maurice (Hank) Greenberg and other executives by $1 billion.
Delaware Chance...
DATE: Dec 18, 2008
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