AIG incurs Q4 loss of $104m
New York: American International Group reported a fourth-quarter loss on Thursday as the insurer took a previously announced $1.8bn charge for boosting claims reserves.
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Probe kicks up dirt on Tyco's rebate scheme
Boston: A recent allegation in a shareholder lawsuit against Tyco International accuses the conglomerate of diverting millions of dollars worth of rebate cheques offshore to avoid paying US income taxes.
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Holiday Inn founder Kemmons Wilson dead
Memphis: Kemmons Wilson, who founded the Holiday Inn chain of hotels and revolutionised the industry by bringing affordable and comfortable lodging to millions of travellers, has died at the age of 90.
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Unilever profits up, sets new '03 targets
New York: Anglo-Dutch consumer products giant Unilever Plc/NV reported a 13 per cent rise in 2002 net profit on Thursday and set an underlying earnings growth target of just over 10 per cent for this year.
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Cognizant Tech net rises, revenues surge 54 per cent
Teaneck: Cognizant Technology Solutions Corp. on Wednesday said its fourth-quarter profit almost doubled on revenue that jumped 54 per cent, driven by strong demand for offshore software services, primarily in India.
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