A pair of big bond insurers with more than $10 billion of exposure to Puerto Rican debt have hired restructuring advisers.» Read More
April 9- Detroit has reached a settlement with bond insurers over the treatment of some bonds in the city's bankruptcy, and a court-appointed mediator is expected to announce the details later on Wednesday, a spokesman for the city said.
While the markets are hoping to see a March thaw, reports of February data in the week ahead may show the economy is still feeling a bit chilled.
This week on Talking Squawk: Tour some lavish digs, find out how you can ask Warren Buffett a question and get stock picks.
CEO Brian Moynihan said the bank faces up to an additional $9 billion in costs related to the financial crisis and mortgages beyond its reserves.
Some of the names on the move ahead of the open.
Companies making headlines after the bell Tuesday.
U.S. stocks declined on Tuesday after a two-session rise, with Wall Street falling to session lows after being reminded that the Federal Reserve could reduce stimulus before the end of the year.
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday.
The official "Squawk Box" blog looks at some deluxe apartments in the sky, the Twitter IPO, and one state's proposal to raise money via weed.
The DOJ on Tuesday said it had filed a civil lawsuit against Bank of America for what government lawyers said was a fraud on investors.
Detroit has become a pariah of the muni world, but analysts are holding out hope that the nation's largest government bankruptcy isn't contagious.
Detroit said it would stop making some debt payments and asked creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy filing in US history.
Bruce Berkowitz's Fairholme Capital Management takes $500 million preferred equity stake in Fannie Mae and Freddie Mac.
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.
MBIA has settled with Societe Generale for $350 million, reports CNBC's Kate Kelly.
Two words sum up the trading in Bank of America yesterday: fast money.
Bond insurer MBIA and Bank of America have reached a settlement in an ongoing legal dispute, and BofA will pay MBIA $1.6 billion, the companies said on Monday.
Bank of America's settlement with MBIA may be a turning point for the company and its investors, reports CNBC's Kate Kelly. Benjamin Lawsky, NY's Dept. of Financial Services superintendent, weighs in.
Stocks finished narrowly mixed Monday as trading was largely muted with no major economic news on tap and as investors hesitated to jump in after the recent rally, but the S&P 500 rose to touch a fresh all-time high.
The bull market's latest run may have some cheering but traders say some of the stocks leading it are questionable -- a sign that a pullback could be ahead.