49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) — Shares of Prudential Plc, the UK's second-biggest insurer, climbed 3.3 percent on speculation that the company is a takeover target.The stock rose 23.5 pence to 731.5 pence in London, valuing the company at $17.9 billion ($35 bil...
DATE: Mar 21, 2007
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NEW YORK (AP) — Stocks spiked higher yesterday as Wall Street joined overseas markets in riding a wave of merger news to bounce back from a losing week. The Dow Jones industrials rose 115 points.The buyout news, particularly the possibility of an eno...
DATE: Mar 20, 2007
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CHICAGO (Reuters) — The start of Conrad Black’s criminal fraud trial was delayed until today after his lawyers complained that publicity about a key witness against the former media baron might have tainted the jury.Judge Amy St. Eve of the US Distri...
DATE: Mar 20, 2007
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CHICAGO (AP) — Lawn care and pest control provider ServiceMaster Co. agreed yesterday to be bought by an investment group in a cash deal valued at $4.5 billion, as the company tries to recover from years of declining financial results.Bowing to share...
DATE: Mar 20, 2007
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A Bermuda-based holding company headed by former Marsh & McLennan chief Jeffrey Greenberg has joined forces with investors including Swiss Re and Lehman Brothers to launch a new Lloyd's of London underwriting vehicle.
The vehicle, Ark Syndicate Manag...
DATE: Mar 20, 2007
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AMSTERDAM (Bloomberg) — Shares of ABN Amro Holding NV rose to a record after Barclays Plc approached the Dutch bank about a takeover, sparking what may become the biggest contest for a financial-services company.ABN Amro’s stock rose as much 9.8 perc...
DATE: Mar 20, 2007
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A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and assigned an issuer credit rating (ICR) of “a-” to Wellington Specialty Insurance Company after its takeover by Bermuda-based Catlin Group Ltd.
The outlook for both ratings...
DATE: Mar 20, 2007
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JACKSON, Mississippi (AP) — State Farm Fire & Casualty Co. will re-examine more than 35,000 policyholder claims filed after Hurricane Katrina and “make millions of dollars available” for additional payments, Mississippi Insurance Commissioner George ...
DATE: Mar 20, 2007
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Exchange chair namedLONDON (Bloomberg) — The Baltic Exchange, London’s 263- year-old shipping association, named Michael Drayton, a director at London-based shipbroker Galbraith’s Ltd., as its new chairman.Drayton will assume his new role from July 1...
DATE: Mar 20, 2007
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A drop in the value of insurance company shares was mostly responsible resulted in a 43.42 (0.87 percent) drop in The Royal Gazette/Bermuda Stock Exchange, which ended the day at 4,953.96.
Shares of Argus Group fell 35 cents (2.4 percent) to $14.40 a...
DATE: Mar 20, 2007
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