49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (AP) - Stocks finished a quiet session moderately lower yesterday as investors grappled with concerns about the health of corporate profits after Wachovia Corp. posted disappointing quarterly results.
Investors appeared to be pausing followi...
DATE: Apr 15, 2008
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CHARLOTTE, North Carolina (AP) - Wachovia Corp. will slash its dividend and raise $7 billion (4.4 billion euros) in a share sale after the bank reported a surprising first-quarter loss yesterday of $393 million (248 million euros).
"I'm deeply disapp...
DATE: Apr 15, 2008
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Bermuda-based Tyco International Finance SA's (TIFSA) $1 billion commercial paper programme has been assigned an 'A-2' rating by Standard & Poor's (S&P) Ratings Services.
S&P said the ratings reflect the company's strong business profile - which incl...
DATE: Apr 15, 2008
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LONDON (Bloomberg) - Goldman Sachs Group Inc. strategists say the US corporate earnings season got off to an "awful" start and shares will drop as companies slash forecasts for the rest of 2008.
"We expect generally disappointing results and a swath ...
DATE: Apr 15, 2008
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Consumer retail spending bounced back by eight percent during February, driven by the rising cost of fuel and increased sales in building materials.
Government's latest Retail Sales Index report revealed that total retail sales recovered from a 0.4-p...
DATE: Apr 15, 2008
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DUBAI (Bloomberg) - Premiums written by Islamic insurers may jump to a combined $15 billion within a decade from $2 billion in 2006, according to Ernst & Young LLP.
The Islamic insurance industry, or Takaful, is expanding by 20 percent a year and com...
DATE: Apr 15, 2008
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TORONTO (Bloomberg) - Canadian stocks advanced as record crude oil and rising prices for metals and grains boosted speculation that Canada's resource-oriented economy and equity markets can avoid the slowdowns of their US counterparts.
Canadian Natur...
DATE: Apr 15, 2008
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NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc said Joseph Brandon has decided to resign as chairman and chief executive of its General Re Corp reinsurance unit, effective yesterday.
Mr. Brandon was once considered a leading candidate t...
DATE: Apr 15, 2008
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NEW YORK (Reuters) - A US judge sentenced the "mastermind" behind the collapsed hedge fund Bayou Group to 20 years in prison yesterday, a sentence that reflects the big losses suffered by investors in the $400 million fund.
Samuel Israel III, 48, is ...
DATE: Apr 15, 2008
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LONDON (Bloomberg) - British Airways plc. (BA) will delay shifting more flights to London Heathrow airport's Terminal 5 following the chaotic opening of the building last month.
A plan to move most long-haul services to the £4.3 billion ($8.5 billion...
DATE: Apr 14, 2008
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