49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) - Federal Reserve Chairman Ben Bernanke has been asked by a Republican lawmaker to turn over documents related to the decision to rescue insurer American International Group Inc. (AIG).
The Federal Reserve should deliver the reco...
DATE: Feb 22, 2010
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Net income 2009 Net income 2008
Ace $2,549 $1,197.00
Arch $851.10 $265.10
Argo Group $117.50 $62.90
Aspen $473.90 $103.80
Allied World $606.90 $183.60
Axis $461 $351.00
Endurance $536.10 $98.60
Everest Re $807 ($18.80)
Flagstone Re $242.20...
DATE: Feb 22, 2010
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NEW YORK (Bloomberg) - The estate of Bruce Wasserstein, the chief executive officer of Lazard Ltd. who died October 14 at the age of 61, sold about $63.6 million of the firm's stock.
The estate sold 1.83 million shares at $34.75 each today, the Hamil...
DATE: Feb 22, 2010
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TORONTO (Reuters) - Having weathered the financial crisis, Canada's big banks are expected to report unimpressive profits in their financial first quarter, suffering from the lagging effects of the recession and consequent loan losses.
While the econ...
DATE: Feb 22, 2010
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NEW YORK (Reuters) - Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
Investors are eager to hear more ...
DATE: Feb 22, 2010
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The Bermuda insurance market bounced back in spectacular fashion in 2009, with a massive swing to profit.
A group of 17 US-listed property and casualty re/insurance companies who are based on the Island or who have major operations here, achieved col...
DATE: Feb 22, 2010
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AUTHOR:
Jonathan Kent
Utilities proved to be the busiest sector on The Bermuda Stock Exchange (BSX) last week.
Watlington waterworks Ltd. rose 26.81 percent ($2.91) to $13.95, with 2,800 shares traded, while the Ascendant Group Ltd. dropped 13.64 points ($2.45) to $15.50,...
DATE: Feb 22, 2010
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NEW YORK (Bloomberg) - Forewarned bankruptcies linked to infrastructure projects from Las Vegas to Harrisburg, Pennsylvania, may prove Warren Buffett's conclusion that insuring municipal bonds is a "dangerous business".
Ambac Financial Group Inc., th...
DATE: Feb 22, 2010
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The Island's three biggest domestic listed companies each saw millions wiped off their market value on Friday, as the Bermuda Stock Exchange Index plunged to its lowest point in nearly a decade.
Both Butterfield Bank and Argus Group Holdings plunged ...
DATE: Feb 22, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) - American International Group Inc. (AIG), the insurer rescued by the US after losses on derivatives, said about 85 percent of the trades would be retired by year-end and the unit that sold the contracts would be shuttered.
AIG's...
DATE: Feb 22, 2010
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