49296 results returned for search: "" category ("Other" AND "Business")
TORONTO (Bloomberg) — Canada’s Standard & Poor’s/TSX Composite Index broke through 13,000 for the first time, as a rally in oil prices lifted energy companies including Suncor Energy Inc.Raw-materials producers advanced on speculation record metals p...
DATE: Dec 15, 2006
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A.M. Best Co. on Wednesday assigned a debt rating of ?bbb? to the $350 million of non-cumulative perpetual preferred securities issued by XL Capital sidecar Stoneheath Re, a Cayman Islands exempted company. The rating outlook is stable.
The issuer is...
DATE: Dec 15, 2006
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NEW YORK (Bloomberg) ? Lone Star Steakhouse & Saloon Inc., operator of more than 260 restaurants, said shareholders approved a $600 million buyout by a private-equity firm.
The bid of $27.35 a share from Lone Star Funds LP was accepted by stockholder...
DATE: Dec 15, 2006
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ZURICH (Bloomberg) — Swiss Reinsurance Co., the world's largest reinsurer, said it completed the acquisition of the U.K. life insurance unit of General Electric Co. for $465 million ($913 million).The transaction was first announced by Swiss Re on Oc...
DATE: Dec 15, 2006
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LONDON (Bloomberg) Lloyd?s of London, the 300-year-old insurance market, is extending a plan it said is improving its competitiveness against Bermuda and Ireland.
The initiative, devised last year to make it easier and less expensive for insurance u...
DATE: Dec 15, 2006
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NEW YORK (Reuters) ? Chief executive of Allstate Corp. , the largest publicly traded US auto and home insurer, on Tuesday said the carrier is working to bolster auto sales, as it curtails sales of home policies in hurricane-prone, coastal areas.
The ...
DATE: Dec 15, 2006
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A.M. Best Co. on Wednesday assigned a debt rating of “bbb” to the $350 million of non-cumulative perpetual preferred securities issued by XL Capital sidecar Stoneheath Re, a Cayman Islands exempted company. The rating outlook is stable.
The issuer is...
DATE: Dec 15, 2006
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CATEGORY:
Other
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WASHINGTON (Reuters) — A recent slowdown in the growth of productivity of US workers has raised chances it has slipped from the lofty levels held since the mid-1990s, but economists are not ready to declare the boom over yet.Productivity growth is th...
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 pa...
DATE: Dec 15, 2006
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NEW YORK (Reuters) ? The National Association of Insurance Commissioners, which regulates the US insurance industry, said on Wednesday it took a step toward giving foreign reinsurers more access to American markets.
An NAIC committee adopted a recomm...
DATE: Dec 15, 2006
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