GuruFocus Updates (Free subscription) | 14 hours ago
By guruyt. Last week's top five stocks that were bought by their CEOs were Prospect Capital Corp ( PSEC ), CONSTELLATION ENERGY ( CEP ), Optimer Pharmaceuticals Inc ( OPTR ), MBIA Inc ( MBI ), and Enterprise Bancorp Inc ( EBTC ). According to GuruFocus Insider Data, these are the largest CEO buys during the past week. Read more » »
Business Wire (Free subscription) | 25/11/2009
ARMONK, N.Y.--(BUSINESS WIRE)--National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. (NYSE: MBI), today confirmed that the announcement by Financial Guaranty Insurance Co (FGIC) that the New York State Insurance Department (NYSID) has ordered FGIC to suspend paying claims as of Tuesday, November 24, 2009, because it is in violation of the state's minimum capital...
Fund my Mutual Fund (Free subscription) | 25/11/2009
Today we will begin a starter stake in bond insurer Assured Guaranty (AGO) - for those not familiar with the space think of the 2 disaster of companies called MBIA (MBI ) and Ambak (ABK ) which we talked about at length in first quarter 2008. This is not my typical fare but a speculative, "special situation" ... a company whose competitors who have been so beaten into the ground it is currently...
The Business Insider (Free subscription) | 24/11/2009
Inequitable. Unconscionable. Vexatious. Opprobrious. These are just a few of the choice words a New York state judge used to describe the behavior of Indymac in a decision in which he wiped out the $292,500 sub-prime mortgage owed by a homeowner to the bank. Indymac began foreclosure proceedings in 2004 on the home of defendant Dana Yano-Horoski in East Patchogue, New York. Judge Jeffrey Spinner said...
The Business Insider (Free subscription) | 24/11/2009
Ambac crept even closer to bankruptcy today when it's CFO headed for the exit. NEW YORK (AP) — Embattled bond insurer Ambac Financial Group Inc. says its chief financial officer has resigned. The company says Sean Leonard left "to pursue other interests." The resignation is effective immediately. The departure comes just weeks after New York-based Ambac said it may be forced to file...
LATICONOMICS (Free subscription) | 24/11/2009
Goldman/AIG Conspiracy Theories: There’s a Reason They Won’t Go Away Note: this post is by Thomas Adams, at Paykin Krieg and Adams, LLP, and a former managing director at Ambac and FGIC, with some minor additions by yours truly. This is a significant piece of some puzzles he, some other experts who prefer to remain anonymous, and I have been pushing on for several months. As we have been...
Market Wire (Free subscription) | 20/11/2009
NEW DELHI, INDIA (MARKET WIRE) A nominal slip has been seen in the US market. Wall Street closed just below the previous closing. Housing data created panic. As today's market news unfolds Rothman Research begun tracking the following companies MBIA Inc. (NYSE: MBI), Unum Group (NYSE: UNM), Worthington Industries Inc. (NYSE: WOR), Medicis Pharmaceutical Corp. (NYSE: MRX), Terra Industries Inc. (NYSE:...
Stock Market Analysis (Free subscription) | 18/11/2009
Today, November 18, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out some of today's biggest gainers and the Top Stocks for 2009 . You can find my Past, Current, and Future Stock Gainers Report Right Here Top Stocks 11/18/09 - Biggest Gainers Today Netlist Inc. (NLST)...
Market Watch (Free subscription) | 18/11/2009
NEW YORK (MarketWatch) -- Shares of U.S. financial stocks posted modest gains in early trade on Wednesday, outperforming the broader market as housing starts, a key economic indicator, fell in October. New construction on U.S. housing units fell 10.6% to a seasonally adjusted annual rate of 529,000, the lowest level since April. It was the biggest percentage decline in starts since January. The Financial...
Market Watch (Free subscription) | 17/11/2009
NEW YORK (MarketWatch) -- Shares of U.S. financial stocks retreated Tuesday as the broader market took a breather form big gains on Monday. Among the top decliners, insurer Lincoln National dropped about 1% after its CEO said a quick, robust economic recovery is unlikely. Huntington Bancshares and Zions Bancorp also were among the day's biggest decliners. On the upside, Assured Guaranty jumped 29%...
Stock Market Analysis (Free subscription) | 16/11/2009
November 16, 2009 - Below is a list of the Top 15 biggest losing stocks today that have decent volume. These stocks are usually going down on bad news. I usually throw these on my watch list and monitor them for a bounce or a potential short trade. Biggest Stock Losers - 11/16/09 1. Poniard Pharmaceuticals, Inc. (PARD) - News 2. CombinatoRx, Incorporated (CRXX) - News 3. China Architectural Engineering,...
TimesDaily.com (Free subscription) | 15/11/2009
By Michelle Rupe Eubanks, Staff Writer Coffee Health Group has embarked upon a three- to six-month process to find a solution to its ongoing financial problems or face further difficulties with its bond insurer, MBIA.
tribalfootball.com (Free subscription) | 14/11/2009
Marseille midfielder Stephane Mbia - a reported target of Everton , Wigan and Sunderland – is still keen on a move to England. read more
Market Pipeline (Free subscription) | 13/11/2009
Posted in the New York Times by Floyd Norris: MBIA, the financial insurance company, used to hold itself out as a paragon of hard work and number crunching. “Each transaction guaranteed by MBIA needs to pass a rigorous underwriting process proving no losses will arise under the worst probable case scenario,” the company said in a typical investor presentation just three years ago. It added...
DealBook (Free subscription) | 13/11/2009
MBIA's once pristine AAA-rating has now turned into junk and no one wants to buy insurance from the company, Floyd Norris writes in his latest column.
Videos