49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - More selling will knock Wall Street stocks lower this week if economic data, including a key report on February payrolls, offers more signs that the US economy is on the brink of recession.
With a full slate of Federal Reserve of...
DATE: Mar 03, 2008
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NEW YORK (Associated Press) - Global exchange operator IntercontinentalExchange said on Friday that MF Global continues to meet all futures clearinghouse obligations despite having discovered a rogue trader lost the brokerage firm $141.5 million.
The...
DATE: Mar 03, 2008
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A little knowledge is indeed a dangerous thing. Last week's column on UK death duties was a summary of everything I know on the subject. Some readers, who couldn't tell where they stood from what I wrote, e-mailed to ask for more information.
This is...
DATE: Mar 01, 2008
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Bloomberg News reported last week that the tax stimulus package approved by US Congress may prove less of a jolt to the US economy that previously thought. "Americans Plan to Save, Not Spend, Tax-Rebate Cheques, poll says", by Matthew Benjamin. The r...
DATE: Mar 01, 2008
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NEW YORK (Associated Press) - Credit rating agency Standard & Poor's yesterday cut its long-term counterparty rating for Bermuda-based MF Global Ltd. because of a $141.5 million loss tied to unauthorised trading.
S&P cut the rating to investment-grad...
DATE: Mar 01, 2008
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NEW YORK (Bloomberg) — Billionaire Wilbur Ross agreed to invest as much as $1 billion in Bermuda-based Assured Guaranty Ltd., giving the AAA rated bond insurer capital to win market share from MBIA Inc. and Ambac Financial Group Inc.
Ross is seeking ...
DATE: Mar 01, 2008
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) rose 55.68 points (1.07 percent) to close at 5,198.09, as 137,082 shares worth $2,404,204.30 were traded yesterday.
Argus Group Holdings Ltd. continued its good form of late, rising $1.05 (0.08 per...
DATE: Mar 01, 2008
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NEW YORK (Bloomberg) — American International Group Inc. said the head of its financial products unit, Joseph Cassano, is stepping down after the insurer reported $11.1 billion in losses on contracts sold to fixed-income investors.
Cassano co-founded...
DATE: Mar 01, 2008
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LONDON (AP) — One of Britain's largest retailers says it will start charging for plastic bags at all of its stores as part of a drive to eliminate waste.
Beginning May 6, food and clothing retailer Marks & Spencer says it will charge five pence, or a...
DATE: Feb 29, 2008
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WASHINGTON (Bloomberg) - EBay Inc., the world's biggest online auctioneer, agreed to buy a Virginia company's patents to end a lawsuit over its "Buy It Now" sales option.
Financial terms were not disclosed. San Jose, California- based EBay said the s...
DATE: Feb 29, 2008
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