• Warren Buffett tells Fox Business that Berkshire Hathaway won't be investing in any troubled bond insurer, including Ambac and MBIA

  • Warren Buffet

    Warren Buffett tells CNBC this morning that he has a plan to help the troubled bond insurance situation, but so far it's not getting a very warm reception.In a live telephone call to Squawk Box just a few minutes ago, Buffett offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit rating.  Those insurers are in danger of losing their AAA credit ratings due to problems with subprime mortgages and other loans.Buffett tells us he sent that offer to the bond insurers last week, and that he's giving them 30 days to find a better deal. Buffett says one bond insurer turned him down, and he hasn't yet heard from the other two.

  • Take a Long-Term View on Banks Tuesday, 12 Feb 2008 | 9:22 AM ET

    Banks are a good long-term investment, but in the short and probably medium term fears of further writedowns will still send shockwaves through the market, analysts said on Tuesday.

  • Marsh & McLennan Profit Falls More than Expected Tuesday, 12 Feb 2008 | 7:47 AM ET

    Marsh & McLennan Tuesday said quarterly net income fell 62 percent, short of Wall Street expectations, as it digested higher costs and hefty restructuring charges.

  • AIG's Debt Problems Could Land CEO In Hot Water Monday, 11 Feb 2008 | 5:30 PM ET

    The disclosure that losses from risky debt may be billions of dollars more than previously reported could eventually put CEO Martin Sullivan's job in jeopardy, people within the company told CNBC.

  • AIG Says Risky Debt Portfolio Worth Billions Less Monday, 11 Feb 2008 | 3:23 PM ET

    American International Group, the world's largest insurer, disclosed that the value of some of its risky debt portfolio plunged by $5.96 billion, not $1.6 billion as reported earlier.

  • Warren Buffett will be calling into CNBC's Squawk Box tomorrow (Tuesday, February 12) morning during the 8am ET hour for a First on CNBC live telephone interview with Becky Quick and the rest of the Squawk team.  Buffett will be discussing the bond insurance situation.

  • Friends Receives New Approach from Flowers: Sources Monday, 11 Feb 2008 | 4:27 AM ET

    U.S. private equity firm JC Flowers has written a second letter to Friends Provident seeking talks on the future of the British life insurer, just a week after it announced the outcome of a strategy review, sources familiar with the matter said on Sunday.

  • Warren Buffett Won't Get Grilled in Hartford Friday, 8 Feb 2008 | 11:37 AM ET
    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,

    Warren Buffett won't be going to Hartford, Connecticut to testify in a criminal corporate fraud trial involving former executives of Berkshire Hathaway subsidiary General Re.  Jurors are now expected to begin their deliberations next week. The defense rested its case yesterday (Thursday) after calling five witnesses over two days.   None of them were named Buffett.

  • Stop Trading!: Insurance Buys Thursday, 7 Feb 2008 | 3:43 PM ET

    Think the insurers are dead money? Think again.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Cigna Profit Rises, International Operations Boost  Wednesday, 6 Feb 2008 | 7:21 AM ET

    Health insurer Cigna said on Wednesday that fourth-quarter profit rose 13 percent, helped by its international operations and disability and life business.

  • Boston Scientific And The "Struggling" Stents Tuesday, 5 Feb 2008 | 10:25 AM ET

    Sales of drug-coated stents, Boston Scientific's most profitable products, came in at the low end of the company's guidance in the fourth quarter. Stents are the fragile little wire mesh cylinders that act like scaffolding to prop open clogged arteries.

  • Banks Attempt to Rescue Ambac, Other Insurers Friday, 1 Feb 2008 | 3:31 PM ET

    Efforts to help bail out troubled bond insurers are escalating, with one group of big banks focusing on a potential rescue of Ambac Financial Group, CNBC has learned.

  • Glaxo, Merck, SGP & Amgen: Readers Have a Lot to Say Friday, 1 Feb 2008 | 10:51 AM ET

    It's a new month. Time to clean out the inbox. Regarding my post earlier this week about Sen. Chuck Grassley's office breaking the "Nature" embargo on the leak of the GlaxoSmithKline Avandia study, I heard from the "Nature" article reporter.

  • Stop Trading!: The Post-Fed Era Thursday, 31 Jan 2008 | 3:53 PM ET

    Things are different now. Here's what's Cramer thinks is back in play.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Rating Agencies Hold Off Downgrading MBIA, Ambac Thursday, 31 Jan 2008 | 11:13 AM ET

    Major rating agencies are holding off downgrading bond insurers MBIA and Ambac Financial Group while they attempt to work out a bailout plan, bankers working on the bailout told CNBC.

  • Troubled Bond Insurers Facing More Downgrades Thursday, 31 Jan 2008 | 11:11 AM ET

    Bond insurers, whose foray into the subprime debt market has led to billions of dollars in losses, are facing more downgrades of their prized Triple A rating.

  • Beware of the Dividend Dupe Wednesday, 30 Jan 2008 | 7:42 PM ET

    A dividend increase isn’t always a sign of a rosy financial picture. Karen Finerman plots the dividend dupe and how to protect against it.

  • Is Bernanke Out of Bullets? Wednesday, 30 Jan 2008 | 7:29 PM ET

    After stocks decline following a hefty half-point cut, what more can the Fed chief do?

  • Bond Insurers Face Downgrade Despite Call for Delay Wednesday, 30 Jan 2008 | 3:40 PM ET

    Wall Street bond rating agencies are poised to downgrade two big bond insurers, Ambac Financial Group and MBIA, even though New York state insurance regulars would like to get a postponement until the state can develop a bailout package, CNBC has learned.

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