MUNCIE, Ind.
- It’s almost noon, almost time for what drew Carey Youngblood and his pals to the abandoned General Motors plant. Hands tucked deep in dirty jeans pockets, the factory men stomp their feet to stay warm as the countdown begins.(Ten … Nine …)Youngblood, a stocky 47-year-old […]
WASHINGTON
- It’s a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of uber cop in charge of financial market […]
Over the past several months, policymakers in St. Paul have been working tirelessly under a legislative mandate to develop solutions to the unremitting annual upsurge in health-care costs — and to do it while also improving quality and access.
Their work, much of it put to paper in the recommendations of the Health Care Transformation Task […]
Minnesota homeowners who want to install solar panels on their roofs describe the panels as cool, forward, space-age. But unsightly is another word that crops up often when they go before neighborhood association boards, some of which ban solar panels in their covenants.
It’s a conflict that can put friendly neighbors in an awkward position of […]
Santam Ltd., South Africas largest
property and casualty insurer, may consider small acquisitions
at home after putting international expansion on hold following
a failed foray into Europe.
Well look at small, bolt-on acquisitions and joint
ventures, Chief Executive Officer Ian Kirk said in an
interview in Johannesburg after […]
NEW YORK (Reuters) - Warren Buffett concluded a highly
profitable year for his Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research)
(BRKb.N: Quote, Profile, Research) with an admonition for lenders who fueled the housing
crisis and words of caution that Berkshire’s own results might
be less stellar than in 2007.
Despite an 18 percent fall in fourth-quarter profit, net
income […]
Ambac Financial Group Inc., the bond
insurer in rescue talks with banks, may announce an agreement
early next week that would save its AAA credit rating and avoid
losses on $566 billion of debt, according to a person familiar
with the discussions.
Banks may invest about $3 […]
Ambac Financial Group Inc., the bond
insurer in rescue talks with banks, soared in New York Stock
Exchange trading on optimism the company may soon reach an
agreement that would save its AAA credit rating and avoid losses
on $556 billion of securities it guarantees.
The New […]
NEW YORK (Reuters) - Billionaire Wilbur Ross has agreed to invest up to $1 billion in Assured Guaranty Ltd (AGO.N: Quote, Profile, Research), bypassing big bond insurers such as Ambac Financial Group Inc (ABK.N: Quote, Profile, Research) in favor of a rival that has largely avoided the credit problems plaguing the industry.
Ross agreed to buy […]
NEW YORK (Reuters) - Even as he invests up to $1 billion in
Assured Guaranty Ltd (AGO.N: Quote, Profile, Research), billionaire investor Wilbur Ross
said on Friday he remains in talks to invest in other troubled
bond insurers.
Ross, who made his fortune snapping up textile, coal and
steel companies when they were beaten down, also expects
Assured will […]