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Archive April/2008


Florida Court Upholds Allstate Suspension

TALLAHASSEE, Florida (Reuters) - A Florida appeals court on Friday upheld a state regulator's order suspending Allstate Corp <ALL.N> from writing new insurance policies in Florida.

April 8th, 2008 | Categories: Investment

Trump Says No Deals in the Works to Sell Casinos

LOS ANGELES (Reuters) - Trump Entertainment Resorts Inc <TRMP.O> said on Friday it remains focused on its strategic plan for operating, and improving performance at all of its casino hotels,

April 8th, 2008 | Categories: Investment

Ford Pays CEO $22 Million, Cites Turnaround Gains

DETROIT (Reuters) - Ford Motor Co <F.N> reported on Friday that Chief Executive Alan Mulally earned more than $22 million in 2007, citing progress in revamping both the strategy and

April 8th, 2008 | Categories: Investment

MBIA’s Bond Insurer Unit Loses Top Rating From Fitch

NEW YORK (Reuters) - MBIA Inc's <MBI.N> insurance arm on Friday lost its top rating from Fitch Ratings, which also cut the parent company's ratings due to capital adequacy concerns.

April 8th, 2008 | Categories: Investment

MBIA Says Disagrees With Fitch’s Downgrade

NEW YORK (Reuters) - MBIA Inc <MBI.N>, the largest bond insurer in the world, said on Friday it disagreed with rating agency Fitch's decision to strip its main unit of

April 8th, 2008 | Categories: Investment

Analysts Slash Q1 Estimates For U.S. Banks

BANGALORE (Reuters) - Since the start of the month, Wall Street analysts have forecast first-quarter losses at Citigroup <C.N> and Merrill Lynch <MER.N> and slashed their earnings estimates for several

April 8th, 2008 | Categories: Investment

Lehman Sees Banks, Others Writing Down $400 Billion

NEW YORK (Reuters) - Lehman Brothers Inc strategists expect financial institutions worldwide to write down as much as $400 billion for bad debts by the end of 2008, and said

April 8th, 2008 | Categories: Investment

Gates Sees Next Windows "sometime" in Next Year

MIAMI (Reuters) - Microsoft Corp.<MSFT.O> co-founder Bill Gates said on Friday he expected the new version of Windows operating software, code-named Windows 7, to be released "sometime in the next

April 8th, 2008 | Categories: Investment

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