by: Market Folly November 19, 2008 | about stocks: Market Folly About this author: we have Pershing Square Capital Management. If you're unfamiliar with them, Bill Ackman runs Pershing Square Capital, a well known...
CHARLOTTE, N.C. -- Bond insurer Assured Guaranty Ltd. said Friday it will buy the insurance business of Financial Security Assurance Holdings Co. from Belgian-French financial services group Dexia SA for $722 million.
BRUSSELS, Belgium (Reuters)—Shares in Dexia fell sharply on Friday after the Belgian-French financial services group said it had agreed to sell its troubled U.S. bond insurance subsidiary and launched a cost-saving drive...
NEW YORK, Nov 13 (Reuters) - The chief executive of MBIA Inc bought 100,000 of the bond insurer's shares, according to a regulatory filing on Thursday. The purchase raised CEO Jay Brown's ownership to 2.7 million shares,...
As the stock was trading at less than 50 percent of its 52-week high, Brown Joseph W, Chairman and CEO at Mbia Inc (MBI) has reported buying $550.00K today.This purchase has increased overall holdings of Brown Joseph W,...
BANGALORE, Nov 13 (Reuters) - Hedge fund investor William Ackman has taken a 33.1 million share stake in American International Group (AIG.N: ) as of Sept. 30, a regulatory filing filed by his investment vehicle Pershing Square...
U.S. financial stocks dip modestly Thursday morning as broad but moderate losses among insurers and mortgage-related firms trump isolated outsized gains in real estate firms CB Richard Ellis and ProLogis and commercial finance...
Investors watched more than $25 trillion in equity value disappear as the global equity markets plunged through the end of October, and since then, Leo Grohowski, Chief Investment Officer, BNY Mellon Wealth Management, has...
Good question While we don't know the exact number, it's probably a lot. Vanguard's famous 500 Index Fund (VFINX) sports total assets of $81 billion; its younger cousin, the SPDRs (AMEX: SPY) ETF, holds $78 billion. By way of a...
OLDWICK, N.J.----A.M. Best Co. has removed from under review with negative implications and downgraded the debt rating to “a-†from “a†on $130 million of Series A floating rate senior secured notes, due 2036 issued by...