Business Wire (Free subscription) | 09/02/2008
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: ABK) Ambac Assurance Corporation (Ambac Assurance) today announced that it has received regulatory approval from the
Boston Globe (Free subscription) | 09/03/2008
Shares of Pier 1 Imports Inc. tumbled Wednesday after the specialty home retailer said its same-store sales for the second quarter fell 1.7 percent.
Seeking Alpha (Free subscription) | 08/25/2008
Ambac Financial Group Inc. (ABK) Q2 2008 Earnings Call Complete Story »
The Industry Standard (Free subscription) | 09/20/2008
Shares of Ambac Financial Group Inc. plunged 42 percent in heavy volume Friday, a day after Moody's said it might downgrade the bond insurer's ratings. After markets closed on Friday, Ambac put out a statement saying it would suspend its $50 million stock buyback plan and postpone an $850 million contribution to Connie Lee, its new financial-guarantee subsidiary. Ambac also said...
Market Watch (Free subscription) | 09/17/2008
TEL AVIV (MarketWatch) -- Ambac Financial Group Inc., the New York securities insurer, said its direct exposure to Lehman Brothers was limited to six interest-rate and currency swaps in which the New York investment bank is the swap counterparty. Ambac's net current balance payable to Lehman is "insignificant," Ambac said, adding that it is "exploring contract-termination options...
Market Watch (Free subscription) | 09/11/2008
Shares of Lehman Bros. Holdings Inc fell more than 40% Thursday morning in pre-open trade as investors sensed little relief from the firm’s announced plans to trim it balance sheet and sell assets.
Calculated Risk (Free subscription) | 09/03/2008
Looks like the good insurer/bad insurer model is pushing ahead, per Bloomberg: Ambac Financial Group Inc., the world's second-biggest bond insurer, received approval from Wisconsin regulators to begin offering municipal bond insurance through a newly created insurer called Connie Lee. Ambac rose as much as 15 percent in late trading as Wisconsin regulators, which have jurisdiction...
EmailWire.Com (Free subscription) | 08/29/2008
(EMAILWIRE.COM, August 29, 2008 ) DALLAS, Texas - Today's Trade Alerts include: Ambac Financial Group Inc. (NYSE: ABK), Triad Guaranty Inc. (Nasdaq: TGIC), MBIA Inc. (NYSE: MBI), Radian Group Inc. (NYSE: RDN), Syncora Holdings Ltd. (NYSE: SCA) and Fidelity National Financial Inc. (NYSE: FNF). Ambac...
CNNMoney.com (Free subscription) | 09/03/2008
NEW YORK (AP) -- Shares of Ambac Financial Group Inc. surged Wednesday, a day after the bond insurer said its plans for a new insurance subsidiary had been approved by Wisconsin insurance regulators.Shares soared $1.60, or 22.6%, to $8.67 in morning trading. The stock, which has traded in a 52-week range of $1.04 to $73.20, is still down 73% for the year to date.Under the plan,...
Law Blog - WSJ.com (Free subscription) | 09/03/2008
Bond insurer Ambac Financial Group Inc. reported a $2.47 billion unrealized loss in the fair value of credit derivatives in July, reflecting a firming up of Wall Street's perceptions of the company's credit risk.
Market Watch (Free subscription) | 08/29/2008
... of 2006. Today it stands at about $17.5 million, the newspaper said. Elsewhere, bond insurer MBIA Inc. MBItraded lower after rallying Thursday. MBIA and Ambac Financial Group Inc. ABKgained about 35% and 42%, respectively, on Thursday on news that MBIA had reached a deal to reinsure more than $180 billion in municipal bonds. Lehman shares traded higher after one influential...
PR News Wire (Free subscription) | 08/29/2008
DALLAS, Aug. 29 /PRNewswire/ -- BeaconEquity.com announces the availability of Trade Alerts on stocks making news today. Investors can view all of the daily trading notes for free by visiting: Today's Trade Alerts include: Ambac Financial Group Inc. (NYSE: ), Triad Guaranty Inc. (Nasdaq: ), MBIA Inc. (NYSE: ), Radian Group Inc. (NYSE: ), Syncora...
MarketBeat (Free subscription) | 08/28/2008
Shares of monoline insurers MBIA Inc. and Ambac Financial Group Inc. have rallied dramatically after news of a deal for MBIA to insure bonds guaranteed by struggling rival Financial Guaranty Insurance Co. The reaction from the credit markets, predictably, has not been as optimistic. MBIA announced a deal to insure bonds [...]
Market Watch (Free subscription) | 08/25/2008
BOSTON (MarketWatch) -- Shares of mortgage and bond insurers rose Monday, following Freddie Mac higher after the struggling mortgage giant saw strong demand for a $2 billion debt auction. PMI Group Inc. rose 8%, Radian Group Inc. added 5%, Ambac Financial Group Inc. gained 4% and MBIA Inc. rose 3%. Market Pulse Stories are Rapid-fire, short news...
Market Watch (Free subscription) | 08/29/2008
... of 2006. Today it stands at about $17.5 million, the newspaper said. Elsewhere, bond insurers MBIA Inc. (:MBI, , , Last: Delayed quote dataSponsored by:, , ) and Ambac Financial Group Inc. (:ABK, , , Last: Delayed quote dataSponsored by:, , ) reversed course after a strong rally Thursday. The stocks gained about 35% and 42%, respectively, on Thursday on news that MBIA...
