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Ambac Reports Lower Profit - Analyst Blog
Wednesday, November 10, 2010 - 1:33pm | 532Just after a day of filing for Chapter 11 bankruptcy, Ambac Financial Group Inc. (ABK) reported third-quarter 2010 earnings per share of 25 cents, a substantial decline from $7.58 per share reported in the prior-year period. Net income in the quarter was $76 million compared with $2.188 billion...
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Wunderlich Securities Raises Tower Group PT To $32
Wednesday, November 10, 2010 - 11:52am | 119Tower Group (NASDAQ: TWGP) reported better-than-expected operating EPS for 3Q10 of $0.77 “compared to our estimate and consensus of $0.75,” Wunderlich Securities reports. Book value increased 12.1% to $26.34 from $23.50. Top-line growth increased significantly in 3Q10, with total revenues...
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Zacks Analyst Blog Highlights: Dendreon, Ambac Financial Group, Ultra Petroleum, Marsh & McLennan Companies and U.S. Cellular - Press Releases
Wednesday, November 10, 2010 - 11:33am | 2109For Immediate Release Chicago, IL – November 10, 2010 – Zacks.com Analyst Blog features: Dendreon Corp. (DNDN), Ambac Financial Group Inc. (ABK), Ultra Petroleum Corp. (UPL), Marsh & McLennan Companies Inc. (MMC) and U.S. Cellular (USM). Get the most recent insight from Zacks Equity Research...
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Tower Gains on Higher Revenues - Analyst Blog
Wednesday, November 10, 2010 - 11:03am | 788Tower Group Inc.'s (TWGP) third quarter operating income of 77 cents per share was a couple of pennies ahead of the Zacks Consensus Estimate of 75 cents. Earnings fell below management's guidance range of 75 to 80 cents. Results were aided by a steep rise in premiums written related to recent...
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Ambac Seeks Bankruptcy Protection - Analyst Blog
Wednesday, November 10, 2010 - 9:33am | 531Yesterday, bond insurer Ambac Financial Group Inc. (ABK) filed for bankruptcy protection under Chapter 11 Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. Ambac had for the first time announced that it might file for bankruptcy protection if it fails...
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10 Undervalued, Unloved S&P 500 Stocks
Wednesday, November 10, 2010 - 9:01am | 374BOSTON (TheStreet) -- With QE2 likely to buoy the stock market through year-end, investors should seek undervalued stocks, which may get the biggest boost. Here are 10 of the cheapest S&P 500 stocks based on forward earnings multiples. Below, they are ordered from cheap to cheapest. 10. SLM...
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10 Undervalued, Unloved S&P 500 Stocks
Wednesday, November 10, 2010 - 9:01am | 374BOSTON (TheStreet) -- With QE2 likely to buoy the stock market through year-end, investors should seek undervalued stocks, which may get the biggest boost. Here are 10 of the cheapest S&P 500 stocks based on forward earnings multiples. Below, they are ordered from cheap to cheapest. 10. SLM...
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MBIA Operating Loss Below Estimates
Wednesday, November 10, 2010 - 8:56am | 74MBIA Inc.'s (NYSE: MBI) operating loss per share was $0.50 versus the Street loss estimate of $0.58 “and our loss estimate of $0.67,” Deutsche Bank reports. “The $0.50 loss per share is based on our calculations, and it excludes realized investment gains/losses, noncredit impairment unrealized...
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Stocks To Watch For November 10 (IGT, CSCO, ALL, CSC, LGF)
Wednesday, November 10, 2010 - 4:30am | 228Some of the stocks that may grab the investor focus today are: International Game Technology (NYSE: IGT) swung to FQ4 profit, from a loss in the year-ago period. The company's earnings came in at $0.07 per share, from a loss of $0.10 per share, in the year-ago period. The company would have posted...
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Travelers Invests in Brazil - Analyst Blog
Tuesday, November 9, 2010 - 7:03pm | 443Last week, TheTravelers Companies, Inc. (TRV) inked a joint venture deal with J. Malucelli Participações em Seguros e Resseguros S.A., a market leader in the surety insurance business in Brazil. As per the deal, Travelers will invest $370 million for a 43% stake in the Brazilian company. The deal...
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MBIA Volatile In Late Trading (MBI)
Tuesday, November 9, 2010 - 5:54pm | 159Shares of MBIA (NYSE: MBI) are volatile in after hours trading, now down almost 1% after having been as high as up 7%. The bond insurer reported a quarterly net loss of $1.06 per share for the third quarter. Chief Financial Officer Chuck Chaplin said insured losses continued to moderate in the...
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Allstate Announces Quarterly Dividend and $1B Share Repurchase
Tuesday, November 9, 2010 - 5:23pm | 35The Allstate Corporation (NYSE: ALL) today announced that its board of directors has approved a quarterly dividend of 20 cents per share and a $1 billion share repurchase program.
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MBIA Inc. Reports Third Quarter EPS of $(1.06)
Tuesday, November 9, 2010 - 5:11pm | 123MBIA Inc. (NYSE: MBI) today reported Adjusted Book Value per share of $36.11 as of September 30, 2010, compared with $35.76 as of June 30, 2010. Book value per share was $12.56 as of September 30, 2010. The net loss to common shareholders for the third quarter of 2010 was $213 million, or $1.06...
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Ambac Financial Suing The United States (ABK)
Tuesday, November 9, 2010 - 4:51pm | 106Ambac Financial (NYSE: ABK) has sued the United States to block the seizure of $700 billion refunds which it said could destroy its ability to reorganize in bankruptcy court. The company cites the IRS as the sole reason why the bankruptcy may not go through. The IRS states the losses relate to...
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Ambac Seeks Bankruptcy Protection - Analyst Blog
Tuesday, November 9, 2010 - 4:30pm | 531Yesterday, bond insurer Ambac Financial Group Inc. (ABK) filed for bankruptcy protection under Chapter 11 Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. Ambac had for the first time announced that it might file for bankruptcy protection if it fails...