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  • Wilbur Ross Buys $1 Billion of US Municipal Bonds Thursday, 6 Mar 2008 | 11:15 AM ET

    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.

  • No Silver Bullet Wednesday, 5 Mar 2008 | 6:25 PM ET

    After Ambac's bailout went bust, what can possibly help the struggling financials?

  • Ambac to Raise $1.5 Billion To Keep Triple A Rating Wednesday, 5 Mar 2008 | 1:49 PM ET

    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 Announces Plans To Raise Up to $1.5 Billion Wednesday, 5 Mar 2008 | 12:42 PM ET
    Ambac

    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.

  • Ping An Shares Jump After Shareholders Approve Offer Wednesday, 5 Mar 2008 | 5:39 AM ET

    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.

  • In a series of exclusive live appearances on CNBC's Squawk Box this morning, Warren Buffett told us that by a "common sense definition", the U.S. economy is already in a recession, even if it hasn't met the technical definition of two consecutive quarters of negative growth.  He restated, however, his view that over the long-run the U.S. economy will do fine and that each generation will live better than the one before it.

  • Warren Buffett's just-released annual letter to shareholders features a blistering attack on what he calls the "fanciful figures" of Corporate America's accounting, especially when it comes to assumptions about pension fund returns.  He says those assumptions are far too optimistic, designed to boost short-term earnings at the expense of future retirees.

  • THIS IS A LIVE BLOG OF WARREN BUFFETT'S APPEARANCE ON CNBC'S SQUAWK BOX DURING THE 6am ET HOUR.  BUFFETT IS LIVE AT THE NEBRASKA FURNITURE MART (A BERKSHIRE HATHAWAY SUBSIDIARY) IN OMAHA WITH OUR BECKY QUICK TO ANSWER YOUR EMAIL QUESTIONS.

  • AIG Shares Tank After Firm Posts $5.29 Billion Loss Friday, 29 Feb 2008 | 3:50 PM ET

    American International Group shares fell 7 percent on Friday, a day after the world's largest insurer reported a $5.29 billion quarterly loss.

  • Swiss Re 2007 Profit Drops Less than Expected Friday, 29 Feb 2008 | 12:31 PM ET
    ** FILE ** The headquarters of Swiss Reinsurance Company Swiss Re at the Mythenquai in Zurich, Nov. 18, 2005. Swiss Re, the worlds second largest reinsurer plans to cut up to 1700 jobs following the acquisition of General Electric Co's GE Insurance Solutions unit in November 2005, CEO designate Jacques Aigrain said Wednesday, Jan. 18, 2006, in an interview with the Financial Times. Swiss Re has a total staff of 9000 in Zurich, Switzerland, while GE Insurance Solution employs a total workforce of

    Swiss Re, the world's biggest reinsurer, made better than expected 2007 net profit, as it escaped further subprime writedowns in the fourth quarter, and gave a confident earnings outlook.

  • Wilbur Ross To Take Big Stake In Assured Guaranty Friday, 29 Feb 2008 | 10:37 AM ET

    Billionaire investor Wilbur Ross will take a stake of up to a billion dollars in bond insurance company Assured Guaranty.

  • AXA Shares Fall as Profit Rise Misses Consensus Thursday, 28 Feb 2008 | 1:10 PM ET

    AXA, Europe's second biggest insurer, undershot expectations with its 2007 profit rise, knocking its shares lower, but said it expected further growth in 2008 despite a tough business environment.

  • Major European Companies Report Mixed Earnings Thursday, 28 Feb 2008 | 6:53 AM ET

    European earnings failed to drive broader European markets higher, as disappointing numbers from bigger names and cautious guidance mostly pushed shares in reporting companies lower.

  • In a live on-set interview during today's Closing Bell on CNBC, MBIA's new CEO Jay Brown told us he's "comfortable" going up against Warren Buffett's new bond insurance company, although he acknowledges that Berkshire Hathaway can be "tough" competition.  In response to a question about Buffett "going after" his business, Brown suggested Buffett might not be in it for the long haul.

  • Lightning Round: Mastercard, Infosys and More Tuesday, 26 Feb 2008 | 8:29 PM ET

    Cramer makes the call on viewers' favorite stocks.

  • UnitedHealth Gets Approval to Buy Sierra Health Monday, 25 Feb 2008 | 9:27 PM ET
    United Health Group

    Insurer UnitedHealth Group won U.S. antitrust approval on Monday to buy Sierra Health Services, despite criticism of the deal.

  • QBE Year Profit Misses Estimates, Shares Dive Monday, 25 Feb 2008 | 8:28 PM ET

    QBE Insurance Group, Australia's top insurer by premium income, missed market  estimates with a 30 percent rise in full-year profit because of negative currency movements, sending its shares down more than 13 percent.

  • General Re, AIG Former Execs Convicted of Fraud Monday, 25 Feb 2008 | 3:53 PM ET

    A federal jury has found five former insurance company executives guilty of a scheme to manipulate the financial statements of the world's largest insurance company.

  • Warren Buffett, right, chairman of Berkshire Hathawy Inc., speaks to the media while Ron Ferguson, chairman and chief executive officer of General Re, listens in New York on Friday, June 19, 1998. Berkshire Hathaway Inc. is buying General Re for $22 billion worth of stock, adding one of the world's leading insurers of insurance companies to its portfolio. Berkshire announced Friday after the stock market closed that it would let General Re operate independently of its other insurance operations,

    Four former executives of Berkshire Hathaway's General Re have just been found guilty in a closely watched criminal fraud trial that could have brought Warren Buffett to the witness stand.  A former executive of American International Group was also convicted by the jury, following a one-month federal court trial in Hartford, Connecticut. 

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