49296 results returned for search: "" category ("Other" AND "Business")
CHARLOTTE, North Carolina (AP) — Beleaguered insurer American International Group Inc. is apparently asking for its fourth loan from the federal government just days before it is expected to report a fourth-quarter loss.
The move could put more of a ...
DATE: Feb 25, 2009
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NEW YORK (Reuters) - American International Group Inc's asset management business has attracted corporate and private equity buyers with initial bids coming in around $500 million, sources familiar with the matter said.
The asset management business ...
DATE: Feb 25, 2009
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NEW YORK (Reuters) - Merrill Lynch & Co said yesterday it lost $15.84 billion in the fourth quarter, about $533 million more than the loss previously estimated by Bank of America Corp.
In its annual report filed with the US Securities and Exchange Co...
DATE: Feb 25, 2009
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TOKYO (Reuters) - Japan's exports nearly halved in January from a year earlier, pushing its trade deficit to the biggest on record, in further evidence that the global financial crisis is paralysing the world's second-largest economy.
Exports to Asia...
DATE: Feb 25, 2009
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LONDON (AP) — Lending for house purchases by major UK banks rose modestly in January and gross mortgage lending was unchanged compared to December, the British Bankers Association said yesterday.
Member banks approved £2.9 billion worth of mortgages ...
DATE: Feb 25, 2009
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NEW YORK (AP) — Solar panel maker First Solar Inc. said last night its fourth-quarter profit more than doubled despite tightened credit markets that have strangled global demand for expensive renewable energy projects.
The Tempe, Arizona-based compan...
DATE: Feb 25, 2009
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Bermuda's financial services sector is standing up better to the effects of the world economic crisis than most competitors elsewhere.
John Drzik, chief executive of global management consultancy Oliver Wyman, said there had generally been a greater ...
DATE: Feb 25, 2009
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AUTHOR:
Jonathan Kent
LONDON (AP) — Britain is poised for a step into the unknown as the Bank of England prepares to boost the amount of money in the economy to fight recession, a member of the Bank's Monetary Policy Committee said yesterday.
Andrew Sentance, a member for...
DATE: Feb 25, 2009
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XL Capital Ltd. chairman Brian O'Hara appears to have settled his debt to UBS Bank, which was suing the insurance executive in the United States in an attempt to recover $1.5 million of outstanding loans.
UBS Bank USA, of Salt Lake City, Utah, filed ...
DATE: Feb 25, 2009
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AM Best Co. has affirmed the financial strength ratings (FSR) of A- (excellent) and issuer credit ratings (ICR) of "a-" of White Mountains Reinsurance Company of America and White Mountains Re Bermuda Ltd.
Both companies are subsidiaries of Bermuda-b...
DATE: Feb 25, 2009
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