Armonk News Archives

Assured Guaranty Ltd. said Wilbur Ross's private-equity firm will buy $250 million of shares and commit $750 million in capital to the Bermuda-based bond insurer. via Bloomberg

“IBM has done a pretty good job of using their cash to pay dividends and reward shareholders”

IBM on Tuesday announced up to $15 billion in stock buybacks and a powerful new mainframe computer -- a reminder that a company doesn't have to be young and hip to be a big tech force. via RedOrbit

“It's our intent to come out of the ground with all of the buildings at the same time”

NORTH CASTLE - Decades after apartments and stores were first proposed for the hollow block in the center of Armonk, the Planning Board has approved a 51,000-square-foot complex of five buildings around a ... via Journal News

International Business Machines Corp., the world's biggest computer-services company, will buy back $15 billion of stock. via Bloomberg.com

MBIA Inc. had its Aaa bond insurer rating affirmed by Moody's Investors Service, removing a cloud over the company and the $673 billion of debt it guarantees. via Bloomberg Business News

IBM is raising the bottom end of its profit forecast for 2008 on the back of a new stock buyback plan, surpassing Wall Street's expectations. via CNN

“Without IBM's ability to deal with the new workload as part of the mainframe environment, we wouldn't be seeing the return to growth in the mainframe”

By JORDAN ROBERTSON The Associated Press Tuesday, February 26, 2008; 12:02 AM SAN FRANCISCO -- IBM Corp. via The Washington Post

Standard and Poor's has affirmed its financial strength rating on MBIA and Ambac, two troubled bond insurers fighting to keep their top-notch ratings. via Journal Gazette

Ambac Financial Group Inc. rose to the highest in a month on investor expectations the bond insurer may be rescued from crippling credit-rating downgrades by getting $3 billion in new capital. via Bloomberg

Warren Buffett faced criticism after Moody's Investors Service - in which he is the largest stakeholder -told bond insurers to accept a bailout, get more cash or else face downgrades, the New York Post said. via InvestmentNews

“AFGI remains committed to supporting the industry and its members who offer credit enhanced products in the municipal and asset-backed markets”

MBIA Inc , struggling to preserve the top-level credit ratings it needs to operate normally, said on Thursday its industry should insure municipal bonds as a separate business from insuring riskier corporate ... via Reuters

PEARL RIVER - Before embarking on a real-estate career eight years ago, Raj Bajaj worked for nearly 40 years in the corporate world, first at Armonk-based IBM Corp. via Journal News

FGIC Corp., the bond insurer stripped of its Aaa rating by Moody's Investors Service, asked to be split in two to protect the municipal bonds it covers, according to the New York Insurance Department. via Bloomberg

Hagerstown-based Phoenix Color Corporation says it is being acquired by Vizant Holding Corporation of Armonk, New York, for 219 million dollars. via Daily Record

“I believe we can look forward to improved dialogue with the department”

MBIA Inc. ousted chief executive Gary Dunton and replaced him with former CEO Joseph "Jay" Brown as the bond insurer scrambles to overcome mortgage-related losses, maintain a top credit rating and restore ... via The Globe and Mail

“Within two days, we had a box filled to the top with a thousand dollars worth of stuff”

ARMONK - Pen pals of American troops in Iraq rarely get a chance to met the men and women who receive their encouraging letters and packages filled with the comforts of home. via Journal News

“The IBM System i 570 is designed for the challenges faced by midsize and large enterprises that need a powerful and versatile system for enterprise business processes and applications”

Take Business PCs to the Next Level Superior security and remote manageability on a chip with Intel Centrino Pro processor technology for notebook PCs and Intel vPro processor technology for desktop PCs. via Thin Planet

MBIA Inc., the world's biggest bond insurer, plans to sell $750 million of stock in an effort to bolster capital and retain its AAA credit rating. via Bloomberg

“Tell me, is there any law which says I can only plant flowers in my front yard?”

YOU'VE PROBABLY heard of the NIMBYs--the folks who say "Not In My Back Yard" to power plants, truck terminals, and other non-desirable features moving into their area. via The Independent

ARMONK, NY, February 11 / MARKET WIRE/ -- IBM today released the findings of the 2007 X-Force Security report, detailing a disturbing rise in the sophistication of attacks by criminals on Web browsers ... via TMCnet

MOUNT KISCO - When you have children and they're off a week from school, it can be a challenge to find something for them to do. via Journal News

“We are a success story. We would never go to a breeder.”

SCARSDALE A pug dressed in medieval costume and a black poodle adorned in a pink poodle skirt were just a couple of the furry fashionistas that strutted their style at yesterday's 'Dress to Impress' contest, ... via Journal News

“Today we seek justice for those men and their families and we make clear that those crimes and those victims are not forgotten”

BROOKLYN - For the second time in three years, federal prosecutors have charged the reputed leaders of the Gambino crime family and dozens of reputed mob soldiers in a sweeping indictment. via Journal News

“It was a great adventure - not all of the time - but it was a great adventure”

To most, it looked like little more than a pile of lumber. But John Krupa, an amateur historian with a love of old houses, took a closer look and realized the decrepit shack on the one-acre lot in Pleasant ... via Poughkeepsie Journal

“Usually a school district knows how to read that”

ARMONK - A part-time cleaner for the Byram Hills school district who was suspended for two years after being accused of getting into a fight on the job has won his lawsuit against the district. via Journal News

Back in Croton Falls, the original Stoneleigh Creek was so far off the beaten path that even Mapquest couldn't track it. via Journal News

“That's why it's important to do this kind of work, because you can't assume”

NORTH CASTLE - You wouldn't think deer would be a bad sign when it comes to nature. via Journal News

“He learned a tremendous amount from it and I probably learned a bit too”

ARMONK - Being buried in the lab is not the only thing our area's sole Intel Science Talent Search finalist has been doing for the past three years. via Journal News