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NEW YORK (Bloomberg) — Shares of Willis Group Holdings Ltd., the world's third-largest insurance broker, rose the most in three months after first-quarter profit exceeded analysts' estimates and revenue growth beat peers.The shares rose $1, or 2.5 pe...

PHOENIX (AP) — US Airways Group Inc. yesterday said profit edged up 2 percent in the first quarter on modest revenue growth, and the airline company backed its forecast for a profitable year.The news sent shares in the Tempe, Arizona-based company up...

Bermuda-based Arlington Tankers Ltd.'s (ATB) first-quarter net income fell 56 percent to $3.85 million, or 25 cents, from $8.83 million, or 57 cents a share, a year earlier, hurt by an unrealised loss representing the change in fair value of the comp...

PARIS (Bloomberg) — PSA Peugeot Citroen, Europe's second-largest carmaker, will shed 4,800 jobs in France this year by offering incentives to workers who agree to quit.The planned cuts will be presented to a works council meeting on May 9, the compan...

TAIWAN'S Benq Corp. is a case study in the pitfalls of creating a global brand name, a strategy that many companies based in emerging markets are pursuing.Benq, a consumer-electronics maker based in Taipei, just abandoned a six-year effort to expand ...

Premier Ewart Brown and Finance Minister Paula Cox will join thousands of professionals from Bermuda's and the world's insurance and reinsurance industry at the Risk and Insurance Management Society (RIMS) Conference in New Orleans this weekend. Arou...

Government is in the process of collecting information from around 1,500 Island businesses and organisations to monitor economic activity. Questionnaires were mailed out this week by the Department of Statistics, which is gathering data for the annua...

The financial strength of Bermuda-based Tokio Millennium Re has been affirmed as A+ (superior) by rating company AM Best. The issuer credit rating for the company has also been assigned an "aa-". The outlook for both ratings is stable. In a statemen...

NEW YORK (AP) — Wall Street paused with stocks little changed as strong profit reports from names like Apple Inc. and 3M Corp. failed to galvanise the market a day after the Dow Jones industrials crossed 13,000. Still, a modest advance in the Dow gav...

There's a new kid on the block in Bermuda's casualty and property insurance arena — Lexington Insurance. The company, part of the giant American International Group, has already proven it can step into an established market and carve a sizeable niche...