NEW YORK - MBIA Inc. , the world’s largegest bond insurer, held onto its top credit ratings from Standard & Poor’s on Monday, in a development that soothed stock and bond investors fearing downgrades would roil capital markets.
NEW YORK - United States stocks rose more than 1 percent on Monday on signs the two largegest bond insurers would stabilize, bringing a wave of relief to a market dogged by concerns of further bank write-downs.
SAN FRANCISCO - Video game giant Electronic Arts Inc’s (EA) offer of $26 a share for Take-Two Interactive Software Inc undervalues the company, and shareholders are unlikely to sell at that price, an investor who owns about 5 percent of Take-Two has said on Monday.
NEW YORK - Getty Images Inc has said on Monday it had agreed to a takeover bid of $2.1 billion from Hellman & Friedman, putting the struggling photo and video supplier in the hands of a private equity firm.
NEW YORK - Getty Images Inc has said on Monday it had agreed to a takeover bid of $2.1 billion from Hellman & Friedman, putting the struggling photo and video supplier in the hands of a private equity firm.
BOSTON - Genentech’s Inc’s shares soared as much as 11 percent on Monday after United States regulators approved its drug Avastin for the treatment of metastatic breast cancer.
NEW YORK - Stocks advanced modestly on Monday on optimism about a few media deal news and a possible rescue for a bond insurer, but gains were curbed by renewed concerns about subprime-related losses at the largegest United States banks.
WASHINGTON - Sales of existing homes fell for a sixth straight month in January, while prices tumbled 4.6 percent amid swelling inventories, according to a report on Monday that offered no end in sight for the housing slump.