TOP 100 FINANCIAL SITES
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| Buffett rapidly grows his new muni insurance arm NEW YORK (Reuters) - One of Warren Buffett's newest businesses -- insuring municipal bonds -- is expanding rapidly into a troubled field as the company backed 112 issues in just the past two days, according to Moody's Investors Service. feeds.reuters.com |
Blackstone Posts 4Q Loss of $170 Million NEW YORK (AP) -- Private equity firm Blackstone Group LP said Monday it swung to a loss during the fourth quarter due to a write-down on its investment in bond insurer Financial Guaranty Insurance Co. and deterioration in the credit markets.... hosted.ap.org |
Brazilian bank loans $5.8 mln to hydropower project Brazil's state-owned Social and Economic Development Bank (BNDES) is to pump one billion reais (580 million U.S. dollars) into the construction of the Simplicio hydropower plant in the country's southeast. BNDES said in a statement ... english.people.com.cn |
Dubai fund for China Dubai International Capital LLC, a buyout firm that manages $13 billion, has said it plans to set up a $1 billion fund with Hong Kong-based First Eastern Investment Group targeting Chinese companies.China Dubai Capital fund will invest ... english.people.com.cn |
Wachovia may face $1 bln charge after court ruling NEW YORK (Reuters) - Wachovia Corp expects to take acharge of $800 million to $1 billion in the second quarterbecause of a federal appeals court decision over the taxationof leveraged lease transactions, the bank said on Wednesday. feeds.reuters.com |