49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) — Amlin Plc, the largest Lloyd's of London insurer by market value, raised its dividend 13 percent and predicted higher premium rates this year and next.
Amlin will pay a final dividend of 11 pence a share, bringing total sharehold...
DATE: Mar 03, 2009
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TORONTO (Reuters) - Toronto's main stock index joined a global equity sell-off on yesterday, falling more than five percent for its biggest one-day drop in three months, due to weaker oil prices and data that showed the Canadian economy shrank.
Heavi...
DATE: Mar 03, 2009
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The Royal Gazette / Bermuda Stock Exchange (BSX) Index bucked the global stock market trend by gaining ground yesterday.
Butterfield Bank climbed 1.4 percent to help the BSX Index gain 16 points, or 0.57 percent, to close the day's trading on 2,820.6...
DATE: Mar 03, 2009
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CHICAGO (AP) — HSBC PLC, Europe's biggest bank, said yesterday it will no longer write new consumer loans in the United States and will shut down its US lending unit over the next five years due to the sub-prime mortgage market's collapse. The decisi...
DATE: Mar 03, 2009
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NEW YORK (Reuters) - American International Group Inc posted a record $61.7 billion quarterly loss yesterday and got a new but not necessarily final government bailout, after officials concluded again that letting the insurer fail would threaten the ...
DATE: Mar 03, 2009
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HELPING JOB-SEEKERS: Job hunts are stretching even longer for the growing number of unemployed. Try not to be ashamed of losing a position, urges Jamaica Eilbes, a recruiter for staffing company Manpower Inc. "Everybody knows somebody who's been let ...
DATE: Mar 03, 2009
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Guy Carpenter & Co. has agreed to acquire John B. Collins Associates in a deal that will combine two major reinsurance brokers. Both companies have offices in Bermuda.
New York-based Guy Carpenter, which is a unit of Marsh & McLennan Cos. Inc., was t...
DATE: Mar 03, 2009
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It was another negative week for the Island's stock market, as Butterfield Bank plunged 7.5 percent.
The Royal Gazette / Bermuda Stock Exchange (BSX) Index is now trading at levels not seen since December 2003. This week it tumbled 52.5 points, or 1....
DATE: Mar 02, 2009
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NEW YORK (Bloomberg) — Bermuda-based Assured Guaranty Ltd., the bond insurer backed by billionaire Wilbur Ross, has seen a "breakthrough" in the past month in its efforts to get lenders to buy bad mortgages out of securities the company backs, chief ...
DATE: Mar 02, 2009
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NEW YORK (Reuters) - The US government will pour another $30 billion or so into American International Group Inc as the embattled insurer prepares to report the biggest loss in history this morning and struggles to sell assets.
AIG's board yesterday ...
DATE: Mar 02, 2009
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