49296 results returned for search: "" category ("Other" AND "Business")
(Bloomberg) — The euro had its biggest weekly drop in three months as traders speculated the European Central Bank will slow the pace of its interest-rate increases, after lifting borrowing costs this week for the sixth time in a year.The 12-nation c...
DATE: Dec 11, 2006
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NEW YORK (AP) — Remember when Wal-Mart was talked about as the retailer where America shopped? At least in recent months, it looks like consumers increasingly have taken their money elsewhere.Wal-Mart Stores Inc. should be a dominant force during the...
DATE: Dec 09, 2006
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TORONTO (Bloomberg) — Canadian Imperial Bank of Commerce, the country’s fifth-largest bank, said profit rose 13 percent to a record, driven by salary cuts and higher earnings from consumer banking.Net income for the fourth-quarter ended October 31 wa...
DATE: Dec 08, 2006
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WASHINGTON (Bloomberg) — US Representative Barney Frank, who Democrats elected yesterday as chairman of the House panel that oversees Wall Street, will seek to extend a federal programme to pay part of insurers' losses from any future terrorist attac...
DATE: Dec 08, 2006
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NEW YORK (AP) — Stocks declined for a second straight session Thursday as Wall Street grew nervous ahead of the government’s November jobs creation report and its implications for the health of the overall economy.The skittishness came despite upbeat...
DATE: Dec 08, 2006
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NEW YORK (Bloomberg) — Shares of Gap Inc., the largest US clothing chain, rose on speculation chief executive officer Paul Pressler might be replaced.Gap’s stock jumped 65 cents, or 3.4 percent, to $19.58 at 4.20 p.m. in New York Stock Exchange compo...
DATE: Dec 08, 2006
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Bermuda-based Ace Ltd., a property casualty insurer that sustained a big share of claims in recent hurricane seasons, said late on Wednesday it expected full-year earnings per share of between $6.65 and $7.15.
The insurer also said it would include e...
DATE: Dec 08, 2006
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Lloyd’s of London underwriter Advent Capital Plc yesterday announced plans to form a Class 3 Bermuda reinsurer which will reinsure other reinsurers — an area known as retrocession, where supply has been short since the record 2005 hurricane season.
A...
DATE: Dec 08, 2006
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Aspen Insurance Holdings Ltd. has signed an insurance policy with Deutsche Bank which is aimed at protecting up to $420 million of reinsurance receivables in the event the Bermuda company's reinsurers default on its receivables.
Aspen said the policy...
DATE: Dec 08, 2006
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Mark F. Milner, senior vice president and chief risk officer of PMI Mortgage Insurance Co. has been appointed to the board of directors of Bermuda-based Ram Holdings Ltd..
The PMI Group, Inc. owns about 24 percent of Ram Holdings’ common shares and V...
DATE: Dec 08, 2006
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