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MBIA Inc.

News and overview for MBIA Inc.

Housing, mortgage-related stocks take a hit - MarketWatch
MarketWatch | 33 days 4 hours 8 minutes ago
On Monday, a builder trade group said its industry confidence index posted an unexpected decline in October.


UPDATE: MBIA: 3Q Loss A Reminder Of Recession's Impact
Wall Street Journal, The | 13 days 18 hours 21 minutes ago
(Updates with statement for company official, stock price, comment and background) By Lavonne Kuykendall and Kathy Shwiff Of DOW JONES NEWSWIRES MBIA Inc.'s (MBI) third-quarter loss narrowed slightly as the housing downturn continued to weigh on its business of insuring securities backed by mortgage loans.


Lazard feels the void left by Wasserstein MarketWatch First Take - MarketWatch
MarketWatch | 13 days 2 hours 36 minutes ago
That struggle is becoming public as three frontrunners have emerged to take leadership of the firm. Ken Jacobs, Gary Parr and Steve Golub, all senior executives, have emerged as candidates to share power in a multi-headed management structure at Lazard, according to the New York Post. See full story.


Alaska Airlines sees strong holiday demand - MarketWatch
MarketWatch | 12 days 21 hours 21 minutes ago
Advanced bookings for November are up 2.5 percentage points from a year ago, while December bookings are up 3.5 percentage points, said Alaska Airlines President Bradley Tilden, in an interview.


Brazil, Mexico stocks edge higher; Gol gets lift - MarketWatch
MarketWatch | 12 days 20 hours 45 minutes ago
Mexican shares also tipped higher, while Chilean and Argentine benchmark indexes sank.


Stocks in focus for Wednesday - MarketWatch
MarketWatch | 12 days 17 hours 37 minutes ago
Macy's /quotes/comstock/13*!m/quotes/nls/m (M 19.43, -0.05, -0.26%) is expected to report a third-quarter loss of 7 cents a share, according to analysts surveyed by FactSet Research.


Dodd unveils bank-reform bill without GOP support - MarketWatch
MarketWatch | 12 days 21 hours 59 minutes ago
Reuters Senate Banking Committee Chairman Chris Dodd, D-Conn.


Taiwan puts restrictions on hot money - MarketWatch
MarketWatch | 12 days 21 hours 59 minutes ago
Effective immediately, foreign investors and overseas Taiwanese will not be allowed to put money in time deposits, accounts that investors use to deposit their money for a fixed period of time to receive higher rates of interest, the Financial Supervisory Commission said in a statement on its Web site.


U.S. stock market pauses after winning stretch - MarketWatch
MarketWatch | 12 days 21 hours 22 minutes ago
Alaska Airlines sees strong holiday demand


CORRECT: UPDATE: MBIA Seeks To Exclude Coverage Of More Mortgages: CFO
Wall Street Journal, The | 12 days 22 hours 57 minutes ago
("UPDATE: MBIA Seeks To Exclude Coverage Of More Mortgages: CFO," published at 12 p.m. EST, misstated when MBIA loaned $2 billion to its asset/liability business. A corrected version follows.) By Lavonne Kuykendall Of DOW JONES NEWSWIRES With no end in sight to losses in MBIA Inc.'s (MBI) business of insuring securities backed by mortgages, the company is increasing its efforts to get lenders to make good on loans it says should be excluded from coverage.





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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