49296 results returned for search: "" category ("Other" AND "Business")
SAN FRANCISCO (Bloomberg) - Facebook Inc., the second most-popular social-networking website, hired Google Inc. veteran Sheryl Sandberg as operating chief, mining its rival's ranks to gain expertise in online advertising sales.
Ms Sandberg, 38, will ...
DATE: Mar 05, 2008
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NEW YORK (AP) - Platinum Underwriters Holdings Ltd. has named one of its directors non-executive chairman and said the reinsurer's existing chairman will retire from the board at the end of his term.
Dan Carmichael will assume the role of chairman af...
DATE: Mar 05, 2008
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NEW YORK (Bloomberg) — BlackRock Inc., the largest publicly traded US asset manager, pulled out of a $3.2 billion class-action settlement against Bermuda-based Tyco International Ltd. to pursue its own shareholder lawsuit.
BlackRock filed an "opt-out...
DATE: Mar 05, 2008
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CUPERTINO, California (Reuters) - Apple Inc. has no plans to declare a dividend or buy back stock, chief executive Steve Jobs told the annual meeting of shareholders yesterday, adding that iPhone sales were on track.
Mr. Jobs said he was confident th...
DATE: Mar 05, 2008
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Bermuda will continue to thrive in the global insurance market but it will face significant challenges in the years ahead, according to credit rating agency Fitch Ratings.
In its first commentary specifically on the state of the Bermuda market, Fitch...
DATE: Mar 05, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based Aspen Insurance Holdings Litd. has promoted Simon Mason to the role of deputy head of marine & energy, international insurance, with immediate effect.
In connection with the promotion, Mr. Mason will take on greater management responsib...
DATE: Mar 05, 2008
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ORLANDO, Florida (Reuters) - Banks may have to swallow reductions in the principal of some troubled home loans to ward off greater losses that could result from outright default, Federal Reserve chairman Ben Bernanke said yesterday.
Warning that mort...
DATE: Mar 05, 2008
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Bermuda-based Scottish Re announced yesterday chief executive officer George Zippel's term of employment will be cut short and will terminate on July 31 this year.
In addition, chief financial officer Terry Eletheriou's term of employment has been ex...
DATE: Mar 05, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Value investor Martin Whitman increased his stake in MBIA Inc. to 10 percent, saying the world's largest bond insurer will be able to keep its AAA rating and resume writing new policies.
Whitman, who has spent more than 50 year...
DATE: Mar 05, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index trimmed losses but ended lower yesterday due to a sell-off in financial and materials shares as commodity prices fell and quarterly results from two major banks disappointed.
It was the thir...
DATE: Mar 05, 2008
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