MBIA jumps after deal to reinsure FGIC bonds
NEW YORK (Reuters) - Shares of MBIA Inc. (MBI.N) jumped before the open on Thursday after the bond insurer agreed in a deal to reinsure $184 billion of municipal bonds backed by its rival FGIC Corp.
MBIA's stock was up 18 percent at $14.12 a share, its highest level since April.
(Reporting by Richard Leong; Editing by Kenneth Barry)
© Thomson Reuters 2009 All rights reserved
Citadel enters the fray
Kenneth Griffin's powerful hedge fund has waded into the case of Goldman Sachs' purloined computer code, suing three of its former employees for setting up Teza Technologies. Full Article | Full Coverage
