Financial Security Assurance Holdings News

If spectrum auctions and commercial Mobile WiMAX rollouts do not take place by 2008, the market scope for Mobile WiMAX on - BRUSSELS, Belgium & PARIS & NEW YORK-- --Dexia SA and its subsidiary Financial ...

The bank said FSA has ample liquidity to meet its obligations, but added that "within a context of highly nervous financial markets" it wanted to remove any doubts about the units financial strength.

Dexia SA will provide a standby credit line of $5 billion to its U.S. bond-insurance unit Financial Security Assurance Holdings Ltd.

Financial Security may be insolvent because it sold investment contracts backed by mortgage securities that have tumbled in value, Ackman, 42, told a conference hosted by law firm Jones Day yesterday in New ...

Though Financial Security Assurance is currently rated AAA, Hedge fund manager Bill Ackman thinks the company may be headed for trouble.

Bill Ackman, the activist investor best known for his scorched-earth campaign against MBIA and Ambac, has trained his sights on yet another municipal bond insurer: Financial Security Assurance.

The long-term 'AAA' rating assigned to the bonds is based on the support provided by a municipal bond insurance policy issued by Financial Security Assurance Inc.

“We think this is a conservative number, but we do admit that it is a volatile environment and we allow for some further migration”

Financial Security Assurance Holdings Ltd. yesterday reported a first-quarter net loss of $421.6 million due to increased loss reserves and deteriorating conditions for second-lien mortgages. via The Bond Buyer

Bond insurer Financial Security Assurance Holdings Ltd. said Wednesday it swung to a loss during the first quarter due to unrealized losses on its derivatives portfolio and an increase in reserves. via Boston Globe

PORTLAND, Ore.-- --Teseda Corporation, a leading silicon validation and failure analysis company, has closed a new investment round. via Business Wire

THE ISSUE: The latest bond proposal might remedy Jefferson County's sewer crisis. via Birmingham News Online

“I do not like starting a tax or extending one; however, this county is in such dire straits on the amount that our customers are paying right now.”

Jefferson County officials said Thursday they are considering a proposal to issue $1.6 billion in bonds to possibly defuse a county debt crisis. via Alabama Live

“We are trying to find a way to use their credit to help us restructure part of the debt”

Jefferson County's sewer bond woes continue to worsen. Interest rates on some of the bonds have more than doubled, and the county's payments have risen sharply. via Birmingham News Online

“What we're doing is we're trying to unbung that situation”

PARIS : The British monetary authorities plan to inject liquidity into the country's banks as they seek to restore health to financial institutions battered by the credit crisis. via International Herald Tribune

This is a cross-post from the Firedoglake blog . Here's an idea. Instead of retiring when we turn 65, let's go to work scrubbing tables at the nearest fast-food outlet. via AFLCIO.org

“What happened to Senator Bruno was inappropriate.”

Gov. David A. Paterson 's nominee to take over the beleaguered State Police, Harry J. Corbitt, was confirmed by the Senate on Wednesday after promising this week to repair the agency's reputation and to conduct ... via New York Times

The $330 billion auction-rate securities market will ``cease to exist'' after it collapsed in February when Wall Street firms stopped using their own capital to buy unwanted bonds, Citigroup Inc. via Bloomberg Business News

“We agreed in the G7 that we would move ahead with the Financial Stability Forum reforms and I want Canada to be on that page”

Canada needs to jump on the global bandwagon in favour of tougher banking regulations, even though domestic institutions have kept their footing throughout the credit crisis, officials said on Wednesday. via Sympatico Finance

China GrenTech Corporation Limited , a leading China-based radio frequency technology and product developer and a leading wireless coverage products and services provider, today announced its financial results ... via Customer Interaction Solutions

Linguamatics Ltd, a leader in natural language processing for the life science market, today announced that Pfizer has extended its strategic collaboration with Linguamatics to use the I2E knowledge discovery ... via Earth Times