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- MBIA, Ambac Losses Widen on Higher Claims Forecast (Update4) (Bloomberg)
www.bloomberg.com
Nov. 5 (Bloomberg) -- MBIA Inc. and Ambac Financial Group Inc. , the bond insurers crippled by credit-rating downgrades, posted wider losses than analysts anticipated after slumping credit markets forced them to increase reserves for claims.
- CON-SPACE Amends Secured Lender Agreement (Marketwire via Yahoo! Finance)
biz.yahoo.com
CON-SPACE Communications Ltd.,, entered into a loan agreement dated April 11, 2007 with Turret Oy Ab, a Finnish company, with respect to a CDN$6,000,000 loan made by Turret to the Company, the proceeds of which were utilized for the purchase of the Search Systems Inc.
- Johnson Memorial filing bankruptcy today (Journal Inquirer)
www.journalinquirer.com
STAFFORD — Johnson Memorial hospital was to file for Chapter 11 bankruptcy protection today to keep operating in the short term while it wrestles with paying off about $40 million in unsecured debt.