49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based financial guaranty reinsurer RAM Holdings Ltd. suffered a fourth-quarter loss of more than $150 million, mainly due to an increase in fair value losses on credit derivatives of $149.4 million.
The company, which works in the US and inte...
DATE: Mar 18, 2008
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AMSTERDAM (Bloomberg) - Royal Dutch Shell plc., Europe's largest oil company, said reserves were little changed last year after it was forced to cede a stake in a Russian venture to state-controlled OAO Gazprom.
Net reserves as of December 31, includ...
DATE: Mar 18, 2008
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BOSTON (Bloomberg) - The fallout from the collapse of the auction-rate bond market has infected New Hampshire, where the state college and university system was forced to tap its reserves to cover more than $1 million in extra borrowing costs.
"It hu...
DATE: Mar 18, 2008
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The world's stock markets plummeted yesterday in response to the emergency bailout of US investment bank Bear Stearns.
In New York, the Dow Jones Industrials tumbled in early trading before recovering some ground.
London's FTSE 100 index dropped 3....
DATE: Mar 18, 2008
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NEW YORK (AP) - Wall Street ended a temperamental session widely mixed yesterday after investors grappled with JPMorgan Chase & Co.'s government-backed buyout of the stricken investment bank Bear Stearns Cos.
The Dow Jones industrials recovered from ...
DATE: Mar 18, 2008
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One of the Island's top insurance executives has said he will not allow any of his employees to be treated as "second-class citizens" and has called for Government to show sensitivity in its dealings with expatriate workers.
Speaking in Dubai, where ...
DATE: Mar 18, 2008
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AUTHOR:
Jonathan Kent
Belco Holdings Ltd. saw its stock price fall by eight percent yesterday.
It started the day on The Royal Gazette/Bermuda Stock Exchange Index (BSX) at $21.95 but fell to $20.15 after 11,700 stocks traded hands.
Meanwhile the Index as a whole closed a...
DATE: Mar 18, 2008
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NEW YORK (Bloomberg) - MF Global Ltd., the largest broker of exchange-traded futures and options, fell as much as 80 percent in New York trading on speculation clients were withdrawing cash. The company said its funding was "sufficient".
"There are c...
DATE: Mar 18, 2008
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NEW YORK (AP) - With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price yesterday even as investors began turning a critical eye to other investment banks amid worries about how far the credit cont...
DATE: Mar 18, 2008
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Michael McGavick said he is relishing the challenge of taking over the XL Capital hotseat after being named as the successor to long-serving CEO Brian O'Hara.
Mr. McGavick, who ran as a Republican for a seat in the US Senate in 2006, will join XL on ...
DATE: Mar 18, 2008
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