MBIA Inc.
News and overview for MBIA Inc.
CORRECT: UPDATE: MBIA Seeks To Exclude Coverage Of More Mortgages: CFO
Wall Street Journal, The | 13 days 22 hours 22 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.
Adobe eliminating 680 jobs in cost-cutting effort - MarketWatch
MarketWatch | 13 days 17 hours 40 minutes ago
AOL lays off roughly 100 employees. Plus, Droid sells well and the EU objects to Oracle's proposed acquisition of Sun.
Oracle, Sun deal threatens transatlantic harmony - MarketWatch
MarketWatch | 13 days 17 hours 40 minutes ago
AOL lays off roughly 100 employees. Plus, Droid sells well and the EU objects to Oracle's proposed acquisition of Sun (Nov. 10).
Japanese shares rise early, but exporters mixed - MarketWatch
MarketWatch | 13 days 17 hours 40 minutes ago
JAL to post $1 bln H1 operating loss: report
Junk mail relief as credit-card offers tumble - MarketWatch
MarketWatch | 13 days 17 hours 40 minutes ago
The Synovate Mail Monitor fell in the third quarter to 272.5 million mailings, marking the eighth straight quarter that credit-card solicitations sent to U.S. households declined. That's a 71% drop since the third quarter last year and a 22% pullback from the second quarter.
Australian shares inch marginally higher at open - MarketWatch
MarketWatch | 13 days 17 hours 40 minutes ago
JAL to post $1 bln H1 operating loss: report
Crude oil slips below $79/barrel after API data - MarketWatch
MarketWatch | 13 days 17 hours 40 minutes ago
JAL to post $1 bln H1 operating loss: report
Japan core machinery orders rise for second month - MarketWatch
MarketWatch | 13 days 17 hours 2 minutes ago
The Cabinet Office said core machinery orders, excluding those for ships and electric power companies, rose a seasonally adjusted 10.5% in September to 738 billion yen ($8.2 billion).
Fed's Fisher: Tame inflation supports low rates - MarketWatch
MarketWatch | 13 days 17 hours 2 minutes ago
Job woes argue for low rates; Lacker upbeat
JAL to post $1 bln H1 operating loss: report - MarketWatch
MarketWatch | 13 days 17 hours 40 minutes ago
JAL to post $1 bln H1 operating loss: report
Credit cards gouge consumers - MarketWatch
MarketWatch | 13 days 17 hours 2 minutes ago
On the surface, retail sales seemed to have a pulse this week. But the latest rise in sales is only impressive because it comes on the back of last year's anemic results.
MBIA Seeks To Exclude Coverage Of More Mortgages: CFO
Wall Street Journal, The | 14 days 1 hour 34 minutes ago
Of DOW JONES NEWSWIRES (Dow Jones)--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.
Insurance losses lead to 3Q loss at MBIA by The Associated Press
National Public Radio | 14 days 17 hours 54 minutes ago
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 Reports Narrower Loss
Wall Street Journal, The | 14 days 19 hours 39 minutes ago
MBIA Inc.'s third-quarter loss narrowed slightly as losses in the insurance business were greater than expected and the housing downturn continued to cause asset losses.
MBIA 3Q Loss Narrows; Insurance Losses Bigger Than Expected
Wall Street Journal, The | 14 days 19 hours 41 minutes ago
DOW JONES NEWSWIRES MBIA Inc.'s (MBI) third-quarter loss narrowed slightly as losses in the insurance business were greater than expected and the housing downturn continued to cause asset losses.
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 |
