49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (AP) - A late-day slide left stocks lower yesterday following a disappointing forecast from department store chain Kohl's and a drop in financial shares.
The Dow Jones industrial average ended down about 114 points after shooting up by nearl...
DATE: May 14, 2010
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Bermuda-based special purpose insurer (SPI) Lodestone Re Ltd. has been set up to issue $425 million worth of catastrophe bonds to protect Chartis against US hurricanes and earthquakes.
Chartis, the property and casualty insurance arm of American Inte...
DATE: May 14, 2010
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KeyTech Ltd. rose 15.7 percent (95 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The utilities provider traded 2,800 shares to close at $7.
Meanwhile the Ascendant Group Ltd. dropped 4.41 percent (60 cents) to $13, as 22,800 shares changed ha...
DATE: May 14, 2010
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NEW YORK (Bloomberg) - Primus Guaranty Ltd., the Bermuda-based company seeking to rebuild its business of selling debt guarantees to financial companies, reported a $40.9 million loss in the first quarter as it terminated part of the more than $20 bi...
DATE: May 14, 2010
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The Chilean earthquake and European Windstorm Xynthia will cost Bermuda's insurance industry around $2.5 billion in claims, according to figures released in the companies' first-quarter earnings reports.
PartnerRe, Validus Holdings and Everest Re too...
DATE: May 14, 2010
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LONDON - Britain's top stock index hit a two-week closing high as miners gained tracking stronger metals prices, but persistent concerns about euro zone debt problems prompted investors to stay cautious.
The FTSE 100 ended up 50.28 points, or 0.9 per...
DATE: May 14, 2010
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Bermuda-based Alterra Capital Holdings Ltd.'s operating subsidiaries' financial strength rating (FSR) has been upgraded to A (excellent) from A- (excellent) and its issuer credit ratings (ICR) to "a" from "a-" by AM Best Co., following the recent mer...
DATE: May 14, 2010
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TORONTO (Reuters) - Toronto's main stock index finished lower for the first time in four sessions yesterday as weaker oil and gold prices pushed down heavily weighted resource issues.
The price of oil dropped below $75 a barrel, hurt by high US inven...
DATE: May 14, 2010
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LISBON (Reuters) - Portuguese leaders agreed tough austerity measures yesterday, joining a coordinated euro zone push that has calmed market fears of a spreading Greek-style crisis but provoked talk by Spanish unions of a general strike.
Prime Minist...
DATE: May 14, 2010
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DUBLIN (Bloomberg) — Ireland's financial regulator Matthew Elderfield said that parts of Quinn Insurance may be sold to an Irish or non-Irish bidder, and that 40 expressions of interest had been received.
The former chief executive officer of the Be...
DATE: May 14, 2010
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