49296 results returned for search: "" category ("Other" AND "Business")
BOSTON (Bloomberg) - Investors pulled a record $72 billion from US-managed stock and bond mutual funds in September, seeking the safety of government-insured bank deposits as the financial crisis worsened.
Shareholders took $43.5 billion from stock f...
DATE: Oct 10, 2008
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NEW YORK (Reuters) - Prudential Financial Inc is the latest major insurer to warn its quarterly profits would miss forecasts, as the shares of rivals were pummelled on concern they would need to raise capital.
The second-largest US life insurer said ...
DATE: Oct 10, 2008
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FRANKFURT, Germany (AP) — Automaker Daimler AG said yesterday it plans to add more than 1,000 jobs around the world next year despite the world financial crisis.
The company said it will create 500 new positions in Stuttgart, Germany, alone in an eff...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the insurer that pledged to curb spending after hosting a $440,000 gathering following a federal bailout, said yesterday it will cancel most of its planned meetings and conferences.
AIG chief ...
DATE: Oct 10, 2008
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NEW YORK (AP) — Stocks plunged in the final hour of trading yesterday, sending the Dow Jones industrial average down more than 678 points, or more than 7 percent, to its lowest level in five years after a major credit ratings agency said it was consi...
DATE: Oct 10, 2008
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LONDON (Reuters) - British Prime Minister Gordon Brown, his authority boosted by his handling of the financial crisis, embarked yesterday on a tour of the country to sell a multi-billion-pound bank rescue plan to voters.
Economists and media generall...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — The Organisation of Petroleum Exporting Countries will hold an extraordinary meeting in Vienna on November 18 after the global financial crisis sent crude prices below $90 a barrel.
"The Organisation is concerned about the dete...
DATE: Oct 10, 2008
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American Safety Insurance Holdings, Ltd. yesterday said that the court docket for the US District Court for the Eastern District of California associated with a complaint filed against American Safety Indemnity Company ("ASIC"), a wholly-owned subsid...
DATE: Oct 10, 2008
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REYKJAVIK, Iceland (AP) — Iceland's financial turmoil boiled over into a full-blown diplomatic spat yesterday as the Nordic nation protested Britain's decision to protect British depositors by freezing the assets of collapsed Icelandic banks under an...
DATE: Oct 10, 2008
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Bermudians face an even harder struggle to make ends meet after inflation soared to five percent, the second highest level this year, according to the latest statistics released by Government.
The cost of living has got that much higher for the Islan...
DATE: Oct 09, 2008
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