finance economy

MBIA sold $4 bln of assets to meet obligations

MBIA sold $4 bln of assets to meet obligations July 1st, 2008 By Joan Gralla NEW YORK (Reuters) - MBIA Inc (MBI ... of our insurance policies, GICs (guaranteed investment contracts), medium-term notes and other debt instruments

Fed may loosen rules on private equity bank...

Fed may loosen rules on private equity bank stakes-WSJ June 27th, 2008 NEW YORK, June 26 (Reuters) - The U.S ... . Banks have raised money from government investment funds,mutual funds and other investors, often

Fitch lowers US Airways and United outlooks

Fitch lowers US Airways and United outlooks May 30th, 2008 NEW YORK—Fitch Ratings on Thursday pushed its credit rating on US Airways Group Inc ... , it is several notches below investment grade. The moves come as the CEOs of both airlines were

FACTBOX: Russian investment in North American...

FACTBOX: Russian investment in North American steel May 26th, 2008 MOSCOW (Reuters) - Russian steel companies, owned by some of the country’s richest men, have invested about $9 billion

Citi’s Pandit under pressure to revive bank W...

Citi’s Pandit under pressure to revive bank - WSJ May 6th, 2008 NEW YORK, May 5 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research) ... ) investment banking and trading businesses, has drawnpraise for addressing urgent financial issues

Ladenburg Thalmann completes acquisition of...

Ladenburg Thalmann completes acquisition of Punk, Ziegel May 6th, 2008 NEW YORK—Ladenburg Thalmann Financial Services Inc. has completed its deal to buy Punk, Ziegel & Co. for an undisclosed amount, the investment bank said Monday. Ladenburg Thalmann announced the deal in March. It has merged Punk, Ziegel

Ahead of the Bell: Analyst upgrades New York...

Ahead of the Bell: Analyst upgrades New York & Co. May 6th, 2008 NEW YORK—An analyst upgraded New York & Co ... , he said. “If sales momentum can finally kick in, we believe the investment could become even

Recovery? Not for These Stocks

Recovery? Not for These Stocks April 30th, 2008 Most market players expect that the Federal Reserve, after lowering rates one more time on Apr. 30, will pause to assess the impact of its monetary easing policy and assorted other moves on the economy

DreamWorks’ Katzenberg disappointed with 3D t...

DreamWorks’ Katzenberg disappointed with 3D talks April 30th, 2008 By Sue Zeidler LOS ANGELES (Reuters) - DreamWorks Animation SKG (DWA ... believed DreamWorks will see a good return on its investment based on projected ticket prices

CNA Financial 1st qtr profit falls

CNA Financial 1st-qtr profit falls April 28th, 2008 NEW YORK, April 28 (Reuters) - CNA Financial Corp (CNA.N: Quote, Profile, Research) ... . Excluding investment gains and losses, operating profitfell 28 percent to $221 million, or 82 cents

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