Singapore Q1 GDP Up to 0.2% From Year Earlier, Versus Expectations for 0.6% Contraction
Assured Guaranty Ltd
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HARRISBURG, Pa.-- Pennsylvania's debt-laden capital city will have a new mayor next year, but he could have little role in sorting out the pressing financial problems that dragged Harrisburg to the brink of bankruptcy after an unprecedented takeover by the state.
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There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.
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DETROIT, May 19- Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to decide whether the city can get through its financial crisis without a bankruptcy filing.
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NEW YORK, May 7- Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America. The New York State Supreme Court's Appellate Division, First Department, reversed on Tuesday, finding that CIFG had done enough by having an outside consultant analyze the loans.
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"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
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May 6- Bond insurer Assured Guaranty Ltd said UBS AG will pay it $358 million to settle a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities. Assured shares were up 3 percent at $21.47 in early trading on Monday on the New York Stock Exchange.
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The business software maker said it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. **BERKSHIRE HATHAWAY INC, $166,483.7, up 2 pct;, $110.90, up 2 pct. **ARKANSAS BEST CORP, $13.51, up 28 pct.
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May 6- Bond insurer Assured Guaranty Ltd said it reached a settlement with UBS AG in a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities. Assured has filed similar lawsuits against units of JPMorgan Chase& Co, Credit Suisse and Flagstar Bancorp Inc.
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**MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct. Bond insurer MBIA and Bank of America have reached a settlement in their ongoing legal disputes, and BofA will pay MBIA $1.6 billion in cash, a source familiar with the matter said.
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The business software maker said it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. **BERKSHIRE HATHAWAY INC, $166,483.7, up 2 pct;, $110.90, up 2 pct. **ARKANSAS BEST CORP, $13.51, up 28 pct.
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NEW YORK, May 2- Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans underlying $1.1 billion in mortgage-backed securities.
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NEW YORK, May 2- Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans underlying $1.1 billion in mortgage-backed securities.
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May 2- Assured Guaranty Ltd:. *UBS raises price target to $25 from $21; rating buy. Reuters Station users, click. 1568.
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In a case being studied by other cash-strapped American cities including Detroit, U.S. Bankruptcy Court Judge Christopher Klein's decision was a setback for bondholders and insurers who had resisted the California city's bankruptcy filing. Stockton is the largest U.S. city ever to file for bankruptcy.