49296 results returned for search: "" category ("Other" AND "Business")
GENEVA (Bloomberg) — Hedge funds were unprepared and damaged by this year's collapse of the subprime credit market, according to an industry survey.
About 44 percent of those asked at the GAIMInvest conference today in Geneva said hedge funds were "d...
DATE: Dec 06, 2007
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TORONTO (Bloomberg) - Kraft Foods Inc., the world's second-largest foodmaker, said it is not in talks to buy Brazil's biggest food company, Perdigao SA.
"We don't typically comment on market rumors, but since these reports come at the same time as th...
DATE: Dec 06, 2007
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AM Best has assigned an issuer credit rating of 'a-' and affirmed the financial strength rating of A- (excellent) of Bermuda-based Bison Insurance Company Limited.
The outlook for the financial strength rating is stable, and the outlook assigned to t...
DATE: Dec 06, 2007
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NEW YORK (Bloomberg) — The world economy will soon "recouple" with the US after proving immune to its slowdown this year, according to economists at Goldman Sachs Group Inc.
Having previously said the world's leading economies were strong enough to s...
DATE: Dec 06, 2007
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DUBLIN (Bloomberg) — Irish Finance Minister Brian Cowen will rein in spending and shelve a tax cut to prevent slowing economic growth from hurting government finances when he announces his budget today, economists say.
Cowen said last month growth in...
DATE: Dec 06, 2007
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–BRUSSELS, Belgium (AP) - European Union regulators levied about $350 million in fines against DuPont and three other chemical companies yesterday for fixing the price of a type of rubber used to make shoe soles, condoms and other products.
The EU sa...
DATE: Dec 06, 2007
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LONDON (Reuters) - British service sector growth slowed to its weakest in more than four years in November, as worries about the credit crunch depressed new business and confidence to their lowest levels since 2003.
The figures will likely boost bets...
DATE: Dec 06, 2007
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–KANSAS CITY (AP) - Hugh Grant, chairman and chief executive of Monsanto Corp., received a compensation package valued at almost $10.8 million in 2007, according to a regulatory filing yesterday.
Mr. Grant, 49, has served as chairman and CEO of the w...
DATE: Dec 06, 2007
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CHICAGO (Bloomberg) - A former ABN Amro Holding NV executive who oversaw security systems accepted $400,000 in bribes for steering contracts to a firm that overbilled the bank by $45 million, the US Justice Department said.
George Konjuch, 54, of Des...
DATE: Dec 06, 2007
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TORONTO (Bloomberg) - Wal-Mart Stores Inc., the world's largest retailer, may double its share of Canada's grocery market in as little as five years by opening more supercentres with lower food prices, posing a "huge" threat to the country's existing...
DATE: Dec 06, 2007
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