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An employee of the Korea Exchange Bank counts one hundred U.S. dollar banknotes at the bank's headquarters in Seoul, August 11, 2011. REUTERS/Jo Yong-Hak

Corporate cash-hoarding continues

Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports.  Read more at Counterparties 

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Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

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Weird homes

Home is where the heart is, no matter what unusual form that home may take.  Slideshow 

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The drone wars

The frontlines of America's covert drone program.  Slideshow 

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Ambac posts first-quarter loss

NEW YORK | Wed Apr 23, 2008 6:39am EDT

NEW YORK (Reuters) - Ambac Financial Group Inc ABK.N, a bond insurer that struggled to raise capital earlier this year, posted a first-quarter loss on Wednesday after losses of $1.73 billion on credit derivative exposures.

The New York-based company posted a loss of $1.66 billion, or $11.69 a share, compared with year-earlier net income of $213.3 million, or $2.02 a share.

(Reporting by Christopher Kaufman and Dan Wilchins; Editing by Lisa Von Ahn)
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