49296 results returned for search: "" category ("Other" AND "Business")
CHICAGO (AP) — Sears Holdings Corp. reported a 99 percent drop in third-quarter profit yesterday on weak sales at its Sears and Kmart department stores and continuing investment losses under hedge-fund manager chairman Eddie Lampert. Its stock plumme...
DATE: Nov 30, 2007
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Bermuda's insurance and reinsurance companies employ over 9,000 Americans and indirectly generate an estimated 95,045 jobs in the US, according to a new study released by the Association of Bermuda Insurers and Reinsurers.
Some of the key findings we...
DATE: Nov 30, 2007
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LONDON (Reuters) - The bell has sounded for round two. After treating the credit crunch as a financial, not economic threat, investors are now pricing in everything from a significant global slowdown to a full-fledged growth recession.
Suddenly, as w...
DATE: Nov 30, 2007
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NEW YORK (AP) — Discount broker E-Trade Financial Corp. disclosed yesterday it is getting a $2.5 billion capital infusion from a group led by Citadel Investment Group and said Mitchell H. Caplan has stepped down as its chief executive.
Shares of the ...
DATE: Nov 30, 2007
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NEW YORK (Reuters) - Russian gas export monopoly Gazprom said yesterday Ukraine would pay more for gas in 2008, but negotiations would determine the price.
Gazprom has agreed to raise the current price it pays for gas from Turkmenistan of $100 per 1,...
DATE: Nov 30, 2007
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Less than 10 days after Government quango West End Development Corporation announced the imminent end of the lease of the Island's largest cement company, the Bermuda Cement Company, The Royal Gazette can reveal the identity of a businessman who is c...
DATE: Nov 30, 2007
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NEW YORK (Bloomberg) - Ambac Financial Group Inc., the second-largest bond insurer, is determined to maintain its AAA credit rating and would consider reinsuring some of its assets to bolster capital, chief financial officer Sean Leonard said.
"We're...
DATE: Nov 30, 2007
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FRANKFURT (Bloomberg) — European Central Bank council member Klaus Liebscher said inflation risks are "clearly on the upside" and economic growth is "robust".
"We have oil, energy, commodities plus foodstuffs, plus capacity constraints, labour-market...
DATE: Nov 30, 2007
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PASSAU, Germany (Bloomberg) — European Central Bank President Jean- Claude Trichet said it's up to Chinese officials to quicken the appreciation of their currency after he spent two days in Beijing this week pushing for a stronger yuan.
"It's up to t...
DATE: Nov 30, 2007
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WASHINGTON (AP) —The White House yesterday lowered its forecast for US economic growth for next year and said unemployment will likely rise as the housing slump and tight credit stunt business expansion.
Under the administration's new forecast, gross...
DATE: Nov 30, 2007
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