49296 results returned for search: "" category ("Other" AND "Business")
TORONTO (Reuters) -Toronto's main stock index retreated yesterday after three days of gains as the US government's announcement that it will take an equity stake in Citigroup put pressure on the heavily weighted financial sector.
Financial shares dro...
DATE: Feb 28, 2009
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NEW YORK (Bloomberg) — US stocks slid, sending the Standard & Poor's 500 Index to a 12-year low, as the government cut shareholders' stake in Citigroup Inc. by 74 percent and the economy shrank at a faster pace than previously estimated.
Citigroup pl...
DATE: Feb 28, 2009
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You can literally worry yourself sick about money. With the stock market and the job market down in the dumps, many people are, too.
Medical professionals are reporting increasing levels of the kinds of behaviours and ailments that accompany high anx...
DATE: Feb 28, 2009
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NEW YORK (Bloomberg) — MetLife Inc., the biggest US life insurer, was downgraded by Standard & Poor's as the rating firm cut 10 companies in the industry on concern that losses on bonds and mortgage holdings will rise.
"The pressures within the life ...
DATE: Feb 27, 2009
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STIRLING, Scotland (Reuters) - The British economy needs a massive fiscal stimulus of as much as £90 billion to stop unemployment hitting 10 percent this year, Bank of England arch dove David Blanchflower said.
Stepping well away from the traditional...
DATE: Feb 27, 2009
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WASHINGTON (AP) — President Barack Obama's first budget is based on economic assumptions that are significantly higher than the forecasts of many private economists, which could make it harder to reach his goal of cutting the deficit in half by the e...
DATE: Feb 27, 2009
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WASHINGTON (AP) — Mortgage finance company Fannie Mae said yesterday it needs $15.2 billion in government aid to make up for losses from the slumping US housing market.
The mortgage finance company, seized by federal regulators in September, posted a...
DATE: Feb 27, 2009
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Souvenir store The Bee's Knees Ltd. is to close next week with the loss of two jobs.
The owner, who asked not to be named, said the lack of cruise ships in Hamilton meant the business was no longer sustainable.
"Although we will have a ship coming to...
DATE: Feb 27, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (AP) — This time, health care stocks bore the brunt of investors' wrath. Health insurers and drug companies, some of the better performers on Wall Street lately, led the market lower yesterday after the White House proposed cutting payments ...
DATE: Feb 27, 2009
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The US Government plans to slash federal subsidies for crop insurance given to both insurance companies and farmers.
The proposal was outlined in yesterday's Budget statement drawn up Presdident Barack Obama's administration.
Several Bermuda insuranc...
DATE: Feb 27, 2009
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