(NEW YORK)Philip Morris USA has filed a lawsuit in U.S. District Court in the Northern District of California to overturn a San Francisco sales ban on tobacco products in convenience drug st...READ MORE

(NEW YORK)Shares of mortgage insurers declined Monday, even as most financial stocks rose, after an analyst said the government's takeover of mortgage giants Fannie Mae and Freddie Mac could...READ MORE

(NEW YORK)Philip Morris International Inc., maker of Marlboro and other cigarette brands, said Friday it raised its regular quarterly dividend 17 percent to 54 cents.READ MORE

(WALNUT CREEK, Calif.)Mortgage insurer PMI Group Inc. said Friday it will sell its Asian operations to QBE Insurance Group Ltd. for $56 million. QBE will pay $44.8 million in cash, with the remainder pa...READ MORE

(NEW YORK)MBIA Inc. on Wednesday agreed to take control of nearly $200 billion of municipal bonds currently backed by FGIC Corp. in a move that could help its weaker rival avoid bankruptcy.READ MORE

(WALNUT CREEK, Calif.)Mortgage insurer PMI Group Inc. said Tuesday night a recent cut of its ratings by Standard & Poor's does not affect its claims-paying resources or liquidity.READ MORE

(NEW YORK)Credit ratings agency Standard & Poor's on Tuesday evening cut the counterparty rating of mortgage insurer PMI Group Inc. and ratings on the company's U.S. and European operating s...READ MORE