Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
Market Update : 
U.S. Stocks Up; MBIA Loss
Author: 123jump.com Staff
123jump.com
Last Update: 9:47 AM EDT May 12 2008


Email article | Print article

U.S. stocks opened higher after MBIA and IndyMac reported losses and HSBC set aside $3.2 billion to cover losses in its U.S. residential mortgage portfolio. China increased bank reserve ratio for the fourth time to curb the rising inflation and India reported weak industrial production gains. MBIA reported a loss of $2.4 billion compared to $198 million a year ago. IndyMac, the troubled bank with a significant mortgage loan exposure raised $97 million for the year so far.

 

 

 
 Email article:
 
  To Email:
  From Email :
 
   
More: Market Update Archive

 
 
© 1999-2008 123jump.com. All rights reserved