49296 results returned for search: "" category ("Other" AND "Business")
DETROIT (Reuters) — General Motors Corp. said it would delay its fourth-quarter statement and restate four years of past results because of an accounting error dating back to the end of 2001.The world’s largest automaker also said it had expected to ...
DATE: Jan 26, 2007
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DAVOS, Switzerland (AP) — Some of the world’s most powerful business executives called on trade negotiators and politicians yesterday to agree on a new global trade treaty, saying failure would mean more than lost commercial opportunities.The Interna...
DATE: Jan 26, 2007
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Bermuda reinsurer PartnerRe Ltd. yesterday announced that claims relating to its exposure to winter storm Kyrill, which battered Europe last week, are expected to be between $50 million and $65 million.
Kyrill battered the UK, France, the Netherlands...
DATE: Jan 26, 2007
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AUTHOR:
Jonathan Kent
DEARBORN, Michigan (AP) — Ford Motor Co. lost a staggering $12.7 billion in 2006 — an average of $1,925 for every car and truck it sold.The company that invented the assembly line and whose name was a byword for the auto industry warned it will blee...
DATE: Jan 26, 2007
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DAVOS (Reuters) — Marsh & McLennan Cos Inc, is considering all options for its Putnam Investments asset management unit, including scrapping a potential sale plan, chief executive Michael Cherkasky said in Davos yesterday, sending its shares down 1.7...
DATE: Jan 26, 2007
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One of London’s leading insurance and reinsurance programme designers and market operators is heading to Bermuda in a move that underlines the Island’s global importance as reputation as “the place” for such businesses to be headquartered.
Dennis Mah...
DATE: Jan 26, 2007
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AUTHOR:
Scott Neil
Allan Trew has switched from being hotel manger of the Fairmont Southampton to the Fairmont Hamilton Princess.
Mr. Trew has worked for the two hotels for 28 years and will be responsible for the day-to-day running of the Hamilton hotel.
He was manage...
DATE: Jan 26, 2007
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NEW YORK (Bloomberg) ? Lazard Ltd. awarded chairman and chief executive officer Bruce Wasserstein $18 million in restricted shares, 80 percent more than a year earlier, after the stock rose 48 percent in 2006, according to a federal filing.
Wasserste...
DATE: Jan 26, 2007
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TORONTO (AP) — Prospects for the Canadian economy are solid for 2007 after sluggishness in the last half of 2006, the governor of the Bank of Canada said yesterday.David Dodge said growth should hit an annual rate of 2.75 percent by the end of the ye...
DATE: Jan 26, 2007
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TALLAHASSEE (Bloomberg) ? Florida Governor Charlie Crist signed a law designed to cut property insurance rates for homeowners, which will also cut earnings for several Bermuda reinsurers, according to analysts.
The move in the fourth-largest US state...
DATE: Jan 26, 2007
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