49296 results returned for search: "" category ("Other" AND "Business")
NEW ORLEANS (Bloomberg) — Allstate Corporation, State Farm Mutual Automobile Company and four other insurance companies have been sued by Louisiana officials and accused of illegally limiting payouts on claims from hurricanes Katrina and Rita.
The co...
DATE: Nov 09, 2007
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'How to buy a piece of the Rock' - that will be the focus for a new radio talk show launched this week.
The show, which airs every Thursday at 10 a.m. on KJaz 98.1FM, will be hosted by real estate agents Coldwell Banker Bermuda Realty.
It aims to giv...
DATE: Nov 09, 2007
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WASHINGTON (Bloomberg) - Apple Inc., maker of the iPod music player, lost a bid to have a judge throw out a patent-infringement lawsuit by Burst.com Inc. over technology that stores audio and video files.
US District Judge Marilyn Patel in San Franci...
DATE: Nov 09, 2007
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NEW YORK (Bloomberg) - Blockbuster Inc., the world's largest video-rental chain, expects that within the next few years, half of its revenue will come from customers purchasing movies and games rather than borrowing them.
"It's a reasonable expectati...
DATE: Nov 09, 2007
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Falling real estate prices, massive bank write-downs and a quickening drumbeat of slashed credit ratings adds up to one thing: The credit crunch has only just begun.
While no surprise, given that we are coming out of a worldwide debt binge, the fact ...
DATE: Nov 09, 2007
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Insurers and reinsurers are likely to take the full hit of subprime-associated directors and officers insured losses next year and in 2009.
According to global risk and reinsurance specialist Guy Carpenter & Company, which is part of the Marsh & McLe...
DATE: Nov 08, 2007
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AUTHOR:
Scott Neil
Allied World Assurance Company suffered a slight downturn in profits for the third quarter with a drop of $5 million from $114 million in 2006 to $109 million for the same period this year.
Gross premiums written were also down, this time by 23.8 per...
DATE: Nov 08, 2007
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Inflation has dropped below four percent for the first time since April this year.
The monthly rate fell to 3.6 percent during September, helped by cheaper foreign-travel costs for Bermuda residents.
That was the only section of the economy to record...
DATE: Nov 08, 2007
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AUTHOR:
Scott Neil
Subprime exposure has taken a $95.3 million bite out of Scottish Re's third quarter income, sending the insurer, which has offices on Par-La-Ville Road, spiralling to a hefty $107.1 million third quarter net loss.
Earlier this year the company was sa...
DATE: Nov 08, 2007
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AUTHOR:
Scott Neil
DETROIT (AP) - General Motors posted a company record $39 billion loss yesterday for the third quarter, as a charge involving unused tax credits brought an abrupt end to a string of three profitable quarters for the nation's largest automaker.
The lo...
DATE: Nov 08, 2007
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