49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK — Wall Street turned on itself on Friday, as one widely watched analyst said investment banks face $10 billion or more in writedowns this quarter from bad mortgage debt, and another downgraded much of the banking sector on similar fears.
Sha...
DATE: Nov 05, 2007
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Ironshore Inc., a subsidiary of Bermuda based Ironshore Insurance, announced on Friday that Ironshore Holdings (US) Inc., the company's US subsidiary, has completed the acquisition of Stockbridge Insurance Company, a US-based admitted insurance compa...
DATE: Nov 05, 2007
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CONCORD, New Hampshire (Bloomberg) — Three law firms are seeking a record $464 million in legal fees for their work in winning a $3.2 billion securities fraud settlement from Tyco International Ltd. and PricewaterhouseCoopers LLP.
The firms, Grant & ...
DATE: Nov 05, 2007
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OMAHA (Bloomberg) — Billionaire investor Warren Buffett's Berkshire Hathaway Inc. said third-quarter profit surged 64 percent after gains from its investment in PetroChina Co.
Net income increased to $4.55 billion as investment and derivative gains i...
DATE: Nov 05, 2007
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NEW YORK (Reuters) - Charles Prince resigned yesterday as chairman and chief executive of Citigroup Inc, as the bank said it may write off $11 billion of subprime mortgage losses, on top of a $6.5 billion write-down last quarter.
Robert Rubin, the fo...
DATE: Nov 05, 2007
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NEW YORK (Bloomberg) — The crisis of leadership at Citigroup Inc. may come to a climax this weekend amid widespread speculation that chief executive officer Charles O. (Chuck) Prince III will resign, undermined by widening losses from bad mortgage de...
DATE: Nov 05, 2007
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Reinsurance is one of the most important parts of international business and the economy in Bermuda.
But behind every successful company is a team of experts running an equally effective and efficient back office operation.
And that is exactly the ma...
DATE: Nov 05, 2007
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CONCORD, New Hampshire (Bloomberg) ¿ A judge said he plans to approve Tyco International Ltd.'s $3.2 billion settlement of suits by investors who accused the company of inflating revenue during the tenure of former chief executive officer L. Dennis K...
DATE: Nov 05, 2007
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NEW YORK (AP) — Wall Street's in the dark about a lot of things — how much risky debt banks are holding, how the Federal Reserve plans to keep the markets running smoothly, and whether the strong parts of the economy will stay strong.
And like anyone...
DATE: Nov 05, 2007
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WASHINGTON (Bloomberg) — The US agency responsible for collecting royalties from oil and natural-gas drilling extended a contract with Accenture Inc. to manage its data system.
The contract, including one base year with nine option years, becomes eff...
DATE: Nov 05, 2007
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