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MGIC Swings to $1.5B Loss in 4Q
Mortgage insurer MGIC Investment Corp. said Wednesday it lost almost $1.5 billion for the last three months of 2007 on higher home delinquencies and payouts.
Stocks close higher after uneasy session
Wall Street finished higher in an uneasy session Monday as retail and homebuilders stocks rose on expectations for more interest rate cuts, but banks and insurers fell on worries about further mortgage debt ...
Prudential Financial drops 10% after cutting 2008 profit forecast
Prudential Financial shares fell 10% Thursday after the life insurance and annuity giant cut its forecast for 2008 earnings because of recent weakness in equity and credit markets.
MBIA Offering $750 Million in Stock
Bond insurer MBIA Inc. said Wednesday it plans to sell $750 million in common stock as it tries to maintain its crucial "AAA" financial strength rating.
U.S. Bank Woes Are "poetic Justice": Buffett
The woes in the U.S. financial sector are "poetic justice" for bankers who designed and sold complex investments that have since gone sour, billionaire investor Warren Buffett said on Wednesday.
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