HONG KONG, Dec 9- KKR& Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc's South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter said.» Read More
Insurer Standard Life posted a forecast-beating 43 percent rise in 2007 operating profit on Wednesday, despite a 249 million pound ($501 million) charge as UK customers continue to cash in policies early.
Everyone's favorite small-cap biotech put out a press release this morning, announcing that the Food and Drug Administration has agreed to change the Special Protocol Assessment (SPA) for Dendreon's Provenge.
Though Wall Street has been quick to judge the character failings of Gov. Eliot Spitzer following his alleged participation in a prostitution ring, the man’s record as a crime-fighter against Wall Street and Corporate America drew mixed reviews.
On a day when the market posted its biggest gains in years, the health insurers got obliterated. All is not well in this group, but there's one stock that could make it out alive.
Economic losses from natural and man-made catastrophes in 2007 were more than $70 billion, with insurers hit by claims amounting to $28 billion, according to research released on Tuesday by Swiss Re, the world's largest reinsurer.
Billionaire Alfred Mann must not have liked watching stock in the company bearing his name fall to another new low today in the wake of Eli Lilly giving up on inhaled insulin.
This is a big week for the world's top-two biotechnology companies and their investors. Amgen goes before an FDA Advisory Committee Thursday about the side effects of its bread-and-butter franchise Aranesp.
Seven years after Warren Buffett's Berkshire Hathaway invested $300 million in White Mountains Insurance Group, it is selling its 16.3 percent stake in a $836 million deal.
Warren Buffett's Berkshire Hathaway will sell its 16.3 percent stake in White Mountains Insurance Group Ltd in a transaction valued at $836 million, seven years after investing in the Bermuda-based insurer, White Mountains said Monday.
Nationwide Mutual Insurance on Monday offered to buy all the publicly listed shares of Nationwide Financial Services in a $2.2 billion move to simplify the mutual company's ownership structure.
Warren Buffett's big multi-billion dollar bet that stocks won't end up lower years from now gets some attention and analysis in this weekend's Barron's. Essentially, Berkshire is using long-term options contracts as a way of selling 'catastrophe' insurance. In this case, however, the potential catastrophe isn't a hurricane or a flood, it's the possibility that stocks will wind up lower after 15 or 20 years.
First, Pfizer gave up on its inhaled insulin Exubera, then NovoNordisk threw in the towel and now it looks like Lilly is going to bow out. Alkermes, which is working on a palm-sized product called, "AIR Insulin," put out a press release today saying it expects its partner on the device, Lilly, to decide next week that it will exit the deal. ALKS shares hit a new low on the news.
Ambac Financial Group Chief Executive Michael Callen said Friday it will take several months to regain the market's confidence.
Ambac Financial Group CEO Michael Callen said on Friday the troubled bond insurer should not need to return to the market any time soon, after having raised $1.5 billion through the sale of shares and convertible securities.
Investor Wilbur Ross said he bought about $1 billion of U.S. municipal bonds last Friday because yields had risen to "relatively unparalleled" highs compared with taxable Treasuries.
Hard-hit bond insurer Ambac Financial Group's plans to raise at least $1.5 billion in new capital are not enough to fix its capital adequacy problem, analysts at Goldman Sachs and J.P. Morgan Securities said.
After Ambac's bailout went bust, what can possibly help the struggling financials?
Ambac's plan to raise up to $1.5 billion in capital is nearly complete, bankers say, which should help the troubled bond insurer keep its crucial triple A debt rating.
Ambac Financial Group announced plans to raise up to $1.5 billion in capital in an attempt to keep its crucial triple A debt rating.
Shares in Ping An Insurance opened sharply higher on Thursday after shareholders approved the company's plan for an equity issue that could raise some $17 billion.