49296 results returned for search: "" category ("Other" AND "Business")
Max Re Capital Ltd. yesterday announced plans to establish a US-based excess and surplus lines platform that will complement the company’s existing insurance and reinsurance operations based in Bermuda and Dublin, Ireland.
The proposed new subsidiary...
DATE: Dec 15, 2006
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Assured Guaranty Ltd. has announced that its subsidiary, Assured Guaranty US Holdings Inc., has priced its $150 million Series A Enhanced Junior Subordinated Debentures due 2066. The debentures will pay a fixed 6.40 percent rate of interest until Dec...
DATE: Dec 15, 2006
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NEW YORK (Bloomberg) — Lehman Brothers Holdings Inc., led by its strength in bond trading, reported a 22 percent increase in fourth-quarter profit and ended the year with a record $4 billion in earnings.Net income climbed to $1 billion, or $1.72 a sh...
DATE: Dec 15, 2006
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WASHINGTON — New home construction is plummeting. Car sales are weakening. Investors have driven long-term interest rates well below the short-term rates set by the Federal Reserve. All these factors are present today, and all have been precursors of...
DATE: Dec 15, 2006
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SEOUL (Bloomberg) — A Lazard Ltd. fund and a shareholder activist convinced South Korea's Taekwang Group to reorganise into a holding company as part of corporate governance reforms, triggering a surge in shares of the industrial group's units.As par...
DATE: Dec 15, 2006
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HONG KONG (Bloomberg) — Pacific Century Insurance Holdings Ltd. will buy an office building in Hong Kong from Bermuda-registered Hongkong Land Holdings Ltd. for HK$1.47 billion ($189 million).The building, with a gross floor area of about 290,000 squ...
DATE: Dec 15, 2006
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NEW YORK (AP) — Wall Street resumed its fourth-quarter rally yesterday, pushing the Dow Jones industrials to its first close above 12,400 after a series of strong company earnings and a drop in unemployment claims revived investors’ confidence in the...
DATE: Dec 15, 2006
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A new personal lending centre was officially opened yesterday by the Bank of Bermuda.
The opening coincided with the launch of the first in a series of mortgage products being introduced by the Bank.
Bank of Bermuda chief executive officer Philip But...
DATE: Dec 15, 2006
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AUTHOR:
Sam Strangeways
NEW YORK — Online and traditional retailers are taking aim at the bane of their holiday sales — procrastinators.You know the type. Last minute lollygaggers who have put off their holiday shopping either to wait for desperation sales by retailers or b...
DATE: Dec 15, 2006
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NEW YORK (Bloomberg) — US retail sales rose 3.9 percent last week, trailing an overall holiday forecast, as consumers delayed shopping until closer to Christmas, ShopperTrak RCT Corp. said.The 3.9 percent year-over-year sales gain for the week throug...
DATE: Dec 15, 2006
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