49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (Bloomberg) - Bear Stearns Cos. clients hit with about $62 million in losses tied to the June collapse of two hedge funds began filing claims this week, accusing the bank of deception and other misconduct, plaintiffs' lawyers said.
At leas...
DATE: Dec 06, 2007
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Inflation rose to above four percent for the fifth time in six months, fuelled by the increasing cost of gasoline.
The inflation rate climbed 4.3 percent for October compared to the same period last year to an index total of 105.4.
This was also up f...
DATE: Dec 06, 2007
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HARTFORD, Connecticut (Bloomberg) - Lawyers picked a jury of nine women and three men for the fraud trial of former insurance executives accused of helping American International Group Inc. inflate reserves by $500 million.
Jurors will hear opening a...
DATE: Dec 06, 2007
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) traded a total of 21,120 shares worth $393,398 yesterday.
Despite the large transaction of shares, the index remained unchanged to close at 4,978.95.
Of those companies to trade any shares, were Bu...
DATE: Dec 06, 2007
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ABU DHABI, United Arab Emirates (AP) — Opec decided yesterday to keep its output ceilings steady in a move that propelled crude toward $90 a barrel, but plans to review the situation early next year.
The move by the 13-nation Organisation of Petroleu...
DATE: Dec 06, 2007
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TORONTO (Reuters) - The Toronto Stock Exchange's main index ended sharply higher yesterday, in a broad rally helped by strong energy issues amid news of an oil sands joint venture between Husky Energy Inc. and BP Plc.
The venture will link a BP refin...
DATE: Dec 06, 2007
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It's turning into a busy week for companies redomiciling from London to Bermuda - the latest is Lloyd's underwriter Hardy which has ended a lengthy period of speculation and decided its future lies in Bermuda.
The decision comes just days after giant...
DATE: Dec 06, 2007
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AUTHOR:
Scott Neil
NEW YORK (Bloomberg) — Lazard, the merger advisory firm run by Bruce Wasserstein, has hired former International Monetary Fund head Rodrigo de Rato to advise clients worldwide on corporate finance and help set the firm's strategy.
De Rato, 58, will s...
DATE: Dec 06, 2007
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NEW YORK (AP) - Wall Street resumed its rally Wednesday after new data showed the overall economy is holding up but is not too strong to prevent the Federal Reserve from cutting interest rates. The Dow Jones industrial average rose nearly 200 points....
DATE: Dec 06, 2007
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NEW YORK (Bloomberg) — Democratic presidential candidate Hillary Clinton went to the Nasdaq stock exchange in New York yesterday to say that Wall Street helped create a national foreclosure crisis by encouraging reckless mortgage lending.
"Wall Stree...
DATE: Dec 06, 2007
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