49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (AP) - Wall Street closed an erratic session moderately higher yesterday after investors sorted through a mixed batch of data that included a rebound in New York manufacturing, signs of rising inflation and uneven first-quarter earnings. The...
DATE: Apr 16, 2008
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NEW YORK (Bloomberg) — FGIC Corp., the money-losing bond insurer owned by Blackstone Group LP and PMI Group Inc., is seeking out investors and may consider selling the company as it approaches a deadline to shore up capital.
FGIC, which last month re...
DATE: Apr 16, 2008
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NEW YORK (AP) — Bear Stearns Cos.' profit plunged 79 percent in the fiscal first quarter that ended just two weeks before speculation about a liquidity crisis forced its sale to JPMorgan Chase.
The nation's fifth-largest investment bank posted result...
DATE: Apr 16, 2008
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SAO PAOLO, Brazil (Bloomberg) - GP Investments Ltd., the Brazilian private-equity firm that today announced the acquisition of a dairy producer, said it received a $200 million loan due in 10 years.
The loan will be denominated in reais and was offer...
DATE: Apr 16, 2008
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LONDON (Bloomberg) - GeoPark Holdings Ltd., the Bermuda-based oil and natural-gas explorer with operations in South America, found a new gas field after testing its Cerro Sutlej 1 well in Chile.
The well is producing about 4.3 million cubic feet of g...
DATE: Apr 16, 2008
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BOSTON (Bloomberg) - Tyco International Ltd., the world's biggest maker of security systems, agreed to buy the security unit of Toronto-based FirstService Corp. for about $187 million to boost sales in the banking and energy markets.
FirstService Sec...
DATE: Apr 16, 2008
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PRINCETON, New Jersey (Bloomberg) - Total March passenger traffic for 15 US airlines rose 2.2 percent to 68.30 billion revenue passenger miles from 66.85 billion a year earlier.
A revenue passenger mile equals one paying passenger carried one mile.
T...
DATE: Apr 16, 2008
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Butterfield Bank bounced back to increase its share value by five cents (0.3 percent) to close up at $17.35 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank also traded 1,500 shares, as did Bermuda Commercial Bank Ltd. - wa...
DATE: Apr 16, 2008
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A property catastrophe loss costing $30 to $50 billion would be required to change the direction of softening reinsurance rates, terms and conditions.
That is the main finding from broker Aon Re Global's regional expectations report for traditional p...
DATE: Apr 16, 2008
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LONDON (Bloomberg) - Carphone Warehouse Group plc. and Telefonica SA's O2 wireless unit said they will cut the price of Apple Inc.'s eight-gigabyte iPhone in the UK to £169 ($331) from £269 beginning today.
Customers at Carphone Warehouse, Europe's l...
DATE: Apr 16, 2008
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