49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (AP) - Wall Street finished only slightly higher in an erratic session yesterday as investors remained unconvinced by a Federal Reserve plan to work with other central banks to alleviate the global credit crisis.
Investors erased a 272-point...
DATE: Dec 13, 2007
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NEW YORK (Bloomberg) - Wachovia Corp., the fourth-biggest US bank, may double its provision for loan losses in the final quarter and said it cannot predict when credit markets will return to normal. The stock posted its worst two-day drop in five yea...
DATE: Dec 13, 2007
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Delegates were given an insight into Bermuda's competitive advantages by the Bermuda International Business Association at the Ernst & Young Global Hedge Fund Symposium held in Bermuda yesterday.
A panel including Anthony Whaley, partner at Conyers D...
DATE: Dec 13, 2007
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NEW YORK (Bloomberg) — Security Capital Assurance may lose its AAA credit rating at Fitch Ratings, the first top-rated bond insurer put on notice since the industry came under scrutiny last month.
Security Capital plunged 22 percent in New York Stock...
DATE: Dec 13, 2007
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SAN FRANCISCO (PRNewswire-FirstCall via COMTEX) — Esurance, the direct-to-consumer personal car insurance company, announced its latest environmental initiative.
In conjunction with its environmental partner Friends of Trees, Esurance will help plant...
DATE: Dec 12, 2007
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LONDON (Bloomberg) - Kazakhstan plans to start building in March the final section of an oil pipeline that will link its Caspian Sea fields with refineries in northwestern China.
KazMunaiGaz National Co., the state-run energy producer, and China Nati...
DATE: Dec 12, 2007
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NEW YORK (Bloomberg) — Allied World Assurance Company Holdings, the Bermuda-based insurer, agreed to buy Converium Insurance North America.
The purchase is expected to be completed in the first quarter of 2008, Allied World said today in a statement ...
DATE: Dec 12, 2007
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GENEVA (Bloomberg) — Swiss Reinsurance, the world's biggest reinsurer, expects to complete its 6 billion-franc ($5.3 billion) buyback earlier than planned after losses related to the debt market turmoil made the stock cheaper.
"Share price levels com...
DATE: Dec 12, 2007
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SYDNEY (Bloomberg) — AMP Limited, Australia's biggest life insurer, sold its Cobalt-Gordian reinsurance businesses to Enstar Group for A$585 million ($518 million).
AMP will book a A$83 million profit from the sale, the Sydney-based company said in a...
DATE: Dec 12, 2007
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NEW YORK (AP) - Wall Street plunged yesterday after the Federal Reserve lowered interest rates by a quarter point, disappointing investors who hoped the central bank would move more aggressively to help the economy overcome the credit and mortgage cr...
DATE: Dec 12, 2007
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