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NEW YORK (AP) — Marsh & McLennan Companies Inc., the world’s biggest insurance broker, said yesterday that it was selling its Putnam Investments division to a Canadian financial services company for $3.9 billion in cash.The buyer is Great-West Lifeco...

Luxury hotel group Jumeirah would be contractually tied to Bermuda for 20 years with an option to extend their operating contract for the proposed Southlands resort until at least the middle of the century if the scheme is approved and built. The hot...

A controversial increase in duty charged on all passengers flying out of the UK could add $79 to an economy Bermuda-London return fare. But it was unclear last night whether British Airways (BA), the only airline to serve the UK-Bermuda route, would ...

Former Appleby Spurling Bailhache partner Jerome Dill is to join post-Katrina start-up reinsurance company Validus Holdings. He will step into his new role with the Bermuda company the day after he officially leaves the law firm after a 21-year spell...

WASHINGTON (Reuters) — President George W. Bush will ask Congress for an extra $9 billion for the Energy Department to make loan guarantees for refineries that produce cellulosic ethanol, new nuclear power plants and electric generating plants that r...

A day after falling seven percent Belco shares rebounded by 7.5 percent on the Royal Gazette/Bermuda Stock Exchange yesterday, improving in value by $1.75 after 1,000 shares were traded on another quiet day for the Exchange. Belco moved up to $25.00 ...

DETROIT (Reuters) — Toyota Motor Corp. posted a rise in January US auto sales yesterday, claiming the No. 2 spot in the world’s largest market for cars and trucks, as sales by rival Ford Motor Co fell sharply.Top carmaker General Motors Corp. , meanw...

LONDON(Reuters) - European shares hit their highest closing levels in six years on Thursday, driven by upbeat results from companies including Royal Dutch Shell and AXA, but ended below intra-day highs.The UK’s FTSE 100 index outperformed major natio...

Catastrophe modelling company AIR Worldwide has announced that its current president and chief executive officer Karen Clark will step down and assume the role of vice-chairman of the board of AIR, from April 15. S. Ming Lee, currently the company?s ...

NEW YORK (Reuters) — Strong revenue growth for web search leader Google Inc. prompted analysts to raise share price targets for the company yesterday, but investors failed to take the cue, sending the stock down 3 percent.Google reported on Wednesday...