49296 results returned for search: "" category ("Other" AND "Business")
TORONTO (Reuters) - The main index of the Toronto Stock Exchange plunged 4 percent yesterday in a broad selloff triggered by the failure of Wall Street investment bank Lehman Brothers and a big drop in the price of oil.
The bankruptcy protection fili...
DATE: Sep 16, 2008
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NEW YORK (AP) — A stunning makeover of the Wall Street landscape sent stocks falling precipitously yesterday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted ba...
DATE: Sep 16, 2008
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The average company loss to fraud has increased by 22 percent, mainly driven by the credit crunch and tough economic climate, according to the latest Kroll Global Fraud Report.
Companies lost an average of $8.2 million to fraud in the past three year...
DATE: Sep 16, 2008
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CHARLOTTE, North Carolina (AP) — American International Group Inc. will be allowed to use $20 billion of assets held by its subsidiaries to provide cash needed for the troubled insurer to stay in business, New York Gov. David Paterson said yesterday....
DATE: Sep 16, 2008
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Only one insurance company set up in Bermuda last month, according to the latest statistics released by the Bermuda Monetary Authority (BMA).
Best Doctors Insurance Ltd. was formed on the Island on August 25, following a month of inactivity during Ju...
DATE: Sep 16, 2008
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NEW YORK (Reuters) - Even if the fate of Lehman Brothers is resolved, Wall Street is likely to remain on edge next week because of fears over the health of other big financial companies.
As with the collapse of investment bank Bear Stearns back in Ma...
DATE: Sep 15, 2008
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TORONTO (Reuters) — Canadian consumers will probably feel the pinch of the global credit crisis for some time as loans become more expensive, but for Canadian bank shareholders, the worst may already be over.
Shares of Royal Bank of Canada, Canadian ...
DATE: Sep 15, 2008
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A legal challenge launched by Government in protest of a satellite network notice on behalf of the Isle of Man — which ultimately failed — cost taxpayers $635,121, Telecommunications Minister Terry Lister told the House of Assembly on Friday.
Updatin...
DATE: Sep 15, 2008
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PORT-AU-PRINCE (Reuters) - The sight of the Haitian port city of Gonaives sitting in a slick of polluted water is only the most visible symbol of the damage done to the Caribbean nation of 9 million by four consecutive storms this summer.
The severe ...
DATE: Sep 15, 2008
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PartnerRe Ltd. yesterday announced that it expects to receive claims for between $25 million and $45 million for losses caused by Hurricane Gustav, according to the company's prelimary estimates.
The Bermuda reinsurer said its loss loss estimate was ...
DATE: Sep 15, 2008
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