49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — MBIA Inc. chief executive officer Jay Brown said the largest bond insurer may be able to unwind much of its credit losses because the debt it agreed to back didn't meet contractual promises.
About 66 percent to 80 percent of th...
DATE: May 13, 2009
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LONDON (Reuters) - E.ON UK, Dong Energy and Masdar have agreed to push ahead with the London Array wind farm, giving a boost to the UK plan to build up massive offshore wind farms to meet its carbon reduction target.
Frank Mastiaux, chief executive o...
DATE: May 13, 2009
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NEW YORK (Bloomberg) — Bermuda-based Primus Guaranty Ltd. agreed to buy CypressTree Investment Management LLP, which manages $2.4 billion of leveraged loans.
Primus, led by chief executive officer Thomas Jasper, will manage a total of $25 billion in ...
DATE: May 13, 2009
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LONDON (AP) — Economic data raised hopes yesterday that the worst of the recession could be over in Britain, showing a jump in retail sales, a strong rise in new homebuyer inquiries and a slowing rate of decline in manufacturing output.
The flurry of...
DATE: May 13, 2009
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SAN FRANCISCO (Bloomberg) - Former Federal Reserve Chairman Alan Greenspan said that the decline in the US housing market may be bottoming and it is "very easy to see" financial markets continuing to improve.
"We are finally beginning to see the seed...
DATE: May 13, 2009
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Validus Holdings Ltd. has gone full steam ahead with its hostile bid for IPC Holdings Ltd. - despite the planned merger between Max Capital Group Ltd. and IPC still being in the offing.
Validus announced yesterday that it had started its share exchan...
DATE: May 13, 2009
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BOSTON (Bloomberg) - Home prices in the US dropped the most on record in the first quarter from a year earlier as banks sold seized homes and foreclosures in California and Florida dominated sales.
The median price fell 14 percent to $169,000, the Na...
DATE: May 13, 2009
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NEW YORK (Bloomberg) — Former Dallas Cowboys football player Michael Kiselak, now a money manager, was sued by the Securities and Exchange Commission on claims he fraudulently raised $24 million since 2007 while misleading clients about investments.
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DATE: May 13, 2009
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Bermuda is maturing as an international business jurisdiction as the Government machinery needed to deal with the weight of the tiny Island's outsize international business sector continues to develop.
The Finance Ministry's International Business te...
DATE: May 13, 2009
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AUTHOR:
Jonathan Kent
LONDON (AP) — Centrica PLC, the owner of British Gas, struck a £2.3 billion ($3.5 billion) deal with Electricite de France SA yesterday to take a stake in EDF's nuclear business in Britain, ending months of wrangling over price.
Centrica will pick up...
DATE: May 12, 2009
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