1.78%XLF 20.53 6.48%QQQQ 45.97 2.38%
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NEW YORK (AP) - Ambac Financial Group Inc. says it has limited exposure to Bear Stearns Cos. and does not expect any material impact from the investment bank's near-collapse.
The New York bond insurer believes its business with Bear Stearns is structured "to protect Ambac from any material loss."
Bear Stearns agreed to be bought for $2 per share by JPMorgan Chase & Co. in a government-backed rescue of the bank.
Ambac has been forced to increase its capital base to cover the likelihood of higher default claims on mortgage-backed bonds.
The week started with the oil markets focused on the bombast surrounding the Iranian nuclear situation and a fall in the dollar sending oil to a ...
On July 7th Carl Icahn issues a letter to the board of Yahoo. The following is the letter in full. <hr>
A decision by Britain's anti-corruption agency to halt an inquiry into a lucrative arms deal between Saudi Arabia and BAE Systems PLC reached Bri...
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