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  • Amgen And Genentech: A Big Biotech Double Play Monday, 10 Mar 2008 | 10:50 AM ET
    AMGEN

    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.

  • Berkshire to Sell White Mountains Insuarance Stake Monday, 10 Mar 2008 | 8:49 AM ET

    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 Financial Gets $2.2 Billion Buyout Offer Monday, 10 Mar 2008 | 8:19 AM ET

    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.

  • Billionaire investor Warren Buffett helps Democratic presidential candidate, Sen. Hillary Rodham Clinton, D-N.Y., raise campaign funds in San Francisco, Calif., Tuesday, Dec. 11, 2007. Bufffett, who has said he would be happy with either Clinton or Sen. Barack Obama, D-Ill., as the next president, already helped Clinton raise at least $1 million during a June event in New York. (AP Photo/Paul Sakuma)

    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 CEO: Winning Confidence Will Take Time Friday, 7 Mar 2008 | 9:06 AM ET

    Ambac Financial Group Chief Executive Michael Callen said Friday it will take several months to regain the market's confidence.

  • Ambac CEO: Unlikely to Require More Funds Friday, 7 Mar 2008 | 5:02 AM ET

    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.

  • 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.

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