MBIA Inc.
News and overview for MBIA Inc.
U.S. stocks shift lower as MBIA Inc. weighs - MarketWatch
MarketWatch | 13 days 12 hours 30 minutes ago
BREAKINGJ.P. Morgan Chase to hire 1,200 loan officers
MBIA weighs on sector; AIG sees repayment - MarketWatch
MarketWatch | 13 days 12 hours 1 minute ago
The troubled insurance giant should be able to repay the federal government's senior secured loan and most or all of its preferred stock ownership if global financial markets continue to firm up. See full story.
MBIA loses $728 million, hitting after-hours stock - MarketWatch
MarketWatch | 14 days 7 hours 3 minutes ago
MBIA shares fell 14% to $4.10 in after-hours trading.
MBIA reports quarterly net loss of $727.8 mln - MarketWatch
MarketWatch | 14 days 7 hours 3 minutes ago
MBI
MBIA Inc. Provides Financial Update for First Nine Months of 2009 [Press Release]
Business Wire | 14 days 7 hours 35 minutes ago
MBIA Inc. (NYSE: MBI) today reported Adjusted Book Value (ABV) per share (a non-GAAP measure) of $39.05 as of September 30, 2009, compared with $40.06 as of December 31, 2008. ABV declined slightly over the first nine months of 2009 as increased credit impairments on insured credit derivatives, other-than-temporary impairments of invested assets and insurance incurred losses outpaced earnings from premiums and investment income.
AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update [Press Release]
PRNewswire | 1 hour 31 minutes ago
...hare Intl 2.08% Arpt) MBIA Series A 5.375%, 1...1.99% Health Care, Inc.) MBIA Series 02A 5.25%, 5...Dorm 1.43% 25th Ave) MBIA Series 02 5.25%, 6...Busch 1.34% Companies, Inc.) Series 02 5.90...
Insurance losses lead to 3Q loss at MBIA
Yahoo! | 14 days 4 hours 51 minutes ago
NEW YORK – MBIA Inc. said Monday that it incurred heavier losses in its insurance business than expected, saddling the bond insurer with a third-quarter loss after two straight quarters of profits.
MBIA posts 3Q loss on insurance, investment losses
Richmond Times-Dispatch (Va.) | 14 days 6 hours 6 minutes ago
NEW YORK (AP) -- MBIA Inc. said Monday that it incurred heavier losses in its insurance business than expected, saddling the bond insurer with a third quarter loss after two straight quarters of profits.
MBIA breaks streak of back-to-back quarterly profits with 3rd-quarter loss
Chicago Tribune | 14 days 5 hours 53 minutes ago
NEW YORK (AP) — MBIA Inc. said Monday that it incurred heavier losses in its insurance business than expected, saddling the bond insurer with a third quarter loss after two straight quarters of profits.
MBIA Inc. Investor Conference Call to Discuss Third Quarter 2009 Financial Results Scheduled for Tuesday, November 10, at 8:00 A.M. Eastern Time [Press Release]
Business Wire | 21 days 9 hours 9 minutes ago
MBIA Inc. (NYSE: MBI) will host a webcast and conference call for investors on Tuesday, November 10, at 8:00 a.m. (EST) to discuss its third quarter 2009 financial results and other issues related to the Company. The dial-in number for the call is (877) 694-4769 in the U.S. and (404) 665-9935 from outside the U.S. The conference call code is 33556043.
MBIA, Beazer, AIG, Electronic Arts are big movers
Boston Globe, The | 13 days 4 hours 20 minutes ago
NEW YORKThe following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange: NYSE: MBIA Inc., down $1.28 at $3.52 Heavy losses in mortgage-related securities and derivatives, alongside lower insurance premiums, drove the bond insurer to a third-quarter loss.
Stull, Stull & Brody Announces Investigation on Behalf of Participants and Beneficiaries of the MBIA Inc. 401(k) Plan [Press Release]
Business Wire | 7 days 10 hours 28 minutes ago
Attorney Advertising. Stull, Stull & Brody announced today that it has commenced an investigation relating to the 401(k) defined contribution retirement plans of MBIA Inc. ("MBIA" or the "Company") (NYSE: MBI). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of the MBIA 401(k) plan may have violated the Employee Retirement Income Security Act of 1974 ("ERISA") by failing to disclose the Company`s true operating condition to participants and beneficiaries of the p...
MBIA breaks streak of back-to-back quarterly profits with 3rd-quarter loss -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 14 days 5 hours 43 minutes ago
NEW YORK (AP) — MBIA Inc. said Monday that it incurred heavier losses in its insurance business than expected, saddling the bond insurer with a third quarter loss after two straight quarters of profits.
Stocks in focus for Tuesday - MarketWatch
MarketWatch | 14 days 4 hours 52 minutes ago
At first glance, Cisco's plans for a $5 billion debt offering might seem curious. After all, the networking giant reported just last week that it had cash and equivalents of about $35 billion.
Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Participants in the MBIA, Inc. 401(k) Plan [Press Release]
Business Wire | 6 days 8 hours 13 minutes ago
Law office of Brodsky & Smith, LLC announces that it is investigating MBIA, Inc. (“MBIA” or the “Company”) (NYSE: MBI) investment of Plan participants and beneficiaries assets in company stock. The investigation concerns whether administrators breached their fiduciary duties and violated the Employee Retirement Income Security Act of 1974 (“ERISA”) by investing assets in company stock when it was not a prudent investment for participants’ retirement savings.
Company Overview
| Company: | MBIA Inc. |
|---|---|
| Industry: | Surety Insurance |
| Website: | http://www.mbia.com |
MBIA will make sure that bonds get paid, no matter what. Through its independent subsidiary, National Public Finance Guarantee Corporation, MBIA is a leading provider of insurance for municipal bonds and stable corporate bonds (such as utility bonds). Separate from its municipal bond business, MBIA also manages assets for public-sector clients, guarantees bank deposits for government entities, and insures insurance companies' guaranteed investment contracts. Other lines of business include tax compliance services and buying and servicing municipal real estate tax liens. It operates from three US offices and three in Europe as well as ones in Mexico City, Tokyo, and Sydney.
Key Numbers
| Sales in U.S. Dollars (mil.) | -856.6 (2008) |
|---|---|
| One-year % Growth in Sales | 0.0 (2008) |
| Net Income in U.S. Dollars (mil.) | -2,672.7 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 420 (2008) |
| One-year % Growth in Number of Employees | -13.6 (2008) |
| Fiscal Year-End | December |