49296 results returned for search: "" category ("Other" AND "Business")
MANHATTAN, New York (Bloomberg) - American International Group Inc. (AIG), the world's largest insurer by assets, sued the company's former CEO Maurice "Hank" Greenberg, claiming he "misappropriated" AIG shares worth $20 billion.
AIG claims Mr. Green...
DATE: Mar 28, 2008
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NEW YORK (Bloomberg) - American International Group Inc. (AIG), the insurer that set aside $301 million to repay state workers' compensation programmes it shortchanged, said rivals including Liberty Mutual Group Inc. also duped regulators.
Liberty Mu...
DATE: Mar 28, 2008
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While the depreciation of the US dollar has made Caribbean homes more affordable for the rich and famous looking or a holiday home, Bermuda has not seen a rise in foreigners purchasing homes.
In its latest survey of Caribbean property prices, release...
DATE: Mar 28, 2008
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STOCKHOLM, Sweden (AP) - Nordic private equity firm Nordic Capital is joining some of the world's largest spirit makers in what is believed to be the final bidding round for Sweden's state-owned Absolut Vodka-maker Vin & Sprit AB, local media reporte...
DATE: Mar 27, 2008
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Fitch Ratings has downgraded the ratings on Security Capital Assurance Ltd. (SCA) and its financial guaranty insurance subsidiaries following downgrades to well below 'AAA' by each of the three major rating agencies.
The downgrades include the insure...
DATE: Mar 27, 2008
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NEW YORK (Reuters) - A coalition of environmentalists, consumer advocates and insurers has formed to oppose proposed legislation that would expand a federal flood insurance scheme.
The measure would add coverage for wind damage, which the coalition s...
DATE: Mar 27, 2008
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NEW YORK (AP) - Wall Street pulled back yesterday after a drop in February's durable goods orders injected more pessimism about the economy into the stock market. The Dow Jones industrial average fell nearly 110 points.
Investors who have been worrie...
DATE: Mar 27, 2008
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NEW YORK (Bloomberg) - Motorola Inc. plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business that it pioneered 25 years ago.
One company will focus on handsets...
DATE: Mar 27, 2008
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A full sheet metal company has proved it is going from strength to strength on the eve of its first anniversary.
Keen Ltd., which is based in Mill's Creek Road, Pembroke, and specialises in sheet metal, highlift rental and electrical services, is set...
DATE: Mar 27, 2008
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Bermuda-based bond insurer Security Capital Assurance Ltd. (SCA) is set to cut approximately 60 jobs.
The reductions are focused largely on the insurance business origination staff and are intended to reduce long term operating costs and align resour...
DATE: Mar 27, 2008
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