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Standard & Poor's said Wednesday that it downgraded Ambac Financial and the company's main bond insurance unit because the rating agency expects more losses from guarantees of mortgage-backed securities and ...
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Financial Services
CHARLOTTE, North Carolina : Shares of Hartford Financial Services Group Inc. and other life insurers fell Wednesday as investors grew more concerned about the sector's large exposure to commercial mortgage ...
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Nov 19 - As the Obama administration takes shape, so do worries about how the government will pay for any healthcare reforms.
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LeasePlan Corporation NV, Europe's largest auto leasing company, said Wednesday it has asked the Dutch state to act as guarantor for euro1.5 billion ($1.9 billion) worth of bonds it plans to issue.Chief Financial Officer Guus Stoelinga said the company is not facing liquidity problems, but had decided to seek state assistance because regular credit markets have been nearly frozen by the global credit crunch.He said he expected to hear within several days whether the government will back the debt issue.
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The health insurance industry said Wednesday it will support a national health care overhaul that requires them to accept all customers, regardless of pre-existing medical conditions, but in return it wants ...
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