TOP 100 FINANCIAL SITES
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| Ambac rejects Buffett's reinsurance offer -CNBC NEW YORK, Feb 12 (Reuters) - Ambac Financial Group Inc has rejected an offer from billionaire investor Warren Buffett to be part of a plan where his company would reinsure $800 billion in municipal debt covered by the top three bond insurers, CNBC television said on Tuesday. feeds.reuters.com |
Vale Net Rose 31% in Quarter Vale do Rio Doce reported a 31% rise in fourth-quarter profit a day after reports that talks to acquire Anglo-Swiss miner Xstrata PLC had hit an obstacle. online.wsj.com |
Toshiba Cuts Profit Forecast Toshiba slashed its profit forecast for the fiscal year, citing weakness in flash-memory chip prices and losses from pulling out of the HD DVD business. online.wsj.com |
Indications: U.S. stock futures rise as WaMu may get cash injection U.S. stock futures advanced on Monday, with a report of a $5 billion injection into Washington Mutual increasing speculation that hard-hit financial-services firms are on the path to restoring their financial health. feeds.marketwatch.com |
London stock market closes lower The British leading shares ended lower on Tuesday after confirmation of the 12-billion-pound rights issue of the Royal Bank of Scotland (RBS) triggered a slide in bank shares. RBS shares were down 3.9 percent and other banks also sl ... english.people.com.cn |