MGIC shares shed 11% on report of huge loss
Shares of MGIC Investment Corp. dropped 11 percent, after the Milwaukee-based mortgage insurance company said that it lost $1.47 billion in the fourth quarter, believed to be the largest quarterly loss by a public company in Wisconsin. MGIC, which has been battered by the collapse of the […]
Led by New York Attorney General Andrew Cuomo, a phalanx of interests charged Minnetonka-based UnitedHealth and its Ingenix division with denying millions of dollars in claims for millions of Americans when they use doctors outside of their insurer’s network.
Cuomo said Wednesday that he plans to sue UnitedHealth, launch an industrywide investigation into billing procedures and […]
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 […]
With one successful start-up under his belt, John Fraser thought it would be easier to raise money for his latest venture, Mednet USA.
He was wrong.
It has been just as difficult, Fraser said. I can’t even imagine the difficulty for someone without experience, but has a great idea.
Fortunately for Fraser, a new venture capital fund […]
LOS ANGELES
- A homeless man testified Friday he was befriended by an elderly woman who is now charged with killing two other homeless men for profit and was pressured to sign documents with his personal information %26mdash; papers he now believes involved insurance policies.Jimmy Covington, 48, took […]
NEW YORK
- At age 35, Jessica Queller was the kind of woman it’s hard not to envy. Bright, funny and attractive, she was a TV writer with a great Hollywood gig and loads of friends.Yet one sunny morning, Queller suddenly faced an overwhelming life-or-death decision.A few months […]
Sepracor Inc., the maker of Lunesta
sleeping pills, reported a loss on a drug licensing payment and
lower reimbursement rates for its asthma drug Xopenex. The
company will restate earnings since 2005, and cut its forecast.
The fourth-quarter net loss of $5 million, or 5 cents […]
NEW YORK (Reuters) - Bond insurer FGIC Corp said on
Wednesday that its exposure to mortgage losses exceeded legal
risk limits and it may adjust its loss reserves due to
litigation related to stricken German bank IKB.
FGIC, the parent of bond insurer Financial Guaranty
Insurance Co, earlier this month sued German state-owned IKB
(IKBG.DE: Quote, Profile, Research) on […]
California, Florida schools and the
owner of John F. Kennedy International Airport joined a growing
list of municipal borrowers exiting the U.S. auction-rate bond
market as record failures push taxpayer costs higher.
Thousands of auctions run by banks to set rates on the debt
failed this month […]
The following is a list of companies
whose shares may move in Japanese markets on Feb. 25. Stock
symbols are in brackets, and prices are from the last close. The
information stated in each item was released after the last close
of trading, unless stated otherwise.
Aioi […]