49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Security Capital Assurance Ltd., stripped of its AAA bond insurer ratings, rose the most in almost two months in over-the-counter trading after saying it's trying to cancel insurance it wrote on collateralised debt obligations....
DATE: Mar 15, 2008
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NEW YORK (Bloomberg) — Standard & Poor's said the end is in sight for write-downs on debt linked to sub-prime mortgages by the world's financial institutions.
Write-downs from sub-prime-tied securities will probably rise to $285 billion, New York-bas...
DATE: Mar 14, 2008
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LONDON (AP) — A British judge ordered Shell to pay hundreds of thousands of dollars after the oil company pleaded guilty to failing to follow safety regulations at one of its plants.
Shell was fined more than $535,000 and ordered to pay $74,500 in co...
DATE: Mar 14, 2008
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NEW YORK (AP) - A fractious Wall Street rebounded from an early plunge to finish moderately higher yesterday, after Standard & Poor's (S&P) predicted financial companies are nearing the end of the massive asset write-downs that have devastated the st...
DATE: Mar 14, 2008
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The Argus Group has completed the acquisition of a Bermuda-based insurer MassMutual Bermuda Ltd.
The announcement came yesterday from Argus president and chief executive officer Gerald Simons, who said the deal would enable the Group's subsidiary Arg...
DATE: Mar 14, 2008
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NEW YORK (AP) — The likely liquidation of Carlyle Capital Corp.'s remaining assets sent the fund's shares plummeting more than 90 percent yesterday and rattled stock markets around the globe. It was also a high-profile setback for private equity fund...
DATE: Mar 14, 2008
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The retail sector is hurting after a four percent drop in retail sales in January, which came on the heels of a poor December.
While overall sales in 2007 were up, thanks to double-digit increases in the early part of the year, 2008 has not started o...
DATE: Mar 14, 2008
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Montpelier Re Holdings Ltd. yesterday announced that Christopher Harris is to replace Anthony Taylor as the company's chief executive officer, effective July 1 this year.
Mr. Harris, who has some 18 years of industry experience, has been with the com...
DATE: Mar 14, 2008
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SOUTHFIELD, Michigan (Bloomberg) - Chrysler LLC, working to stem two years of losses, said it will shut down the entire company for two weeks in July during the period when it usually closes its assembly plants.
Salaried employees at the third-larges...
DATE: Mar 14, 2008
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Cutting down on the use of fossil fuels is the focus for a new partnership launched between hardware store Gorhams and goGreen.bm
The deal, which brings together the resources of both companies, will see goGreen help reduce the dependency on such fue...
DATE: Mar 14, 2008
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