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News Breaks | | | | February 4, 2013 | | 07:34 EDT |  | AGO, BK | Assured Guaranty makes statement regarding payments for sewer revenue warrants
On Friday, February 1, The Bank of New York Mellon (BK), as trustee for the Jefferson County, Alabama, sewer revenue warrants, notified Assured Guaranty Municipal Corp. (AGO) that it was suspending, until further notice, distributions to warrant holders of funds that secure and are the source of payment of the sewer warrants’ debt service. The suspended distributions include both net system revenues and draws on insurance policies, including certain AGM insurance policies. AGM disagrees with the trustee’s decision to suspend distributions and will take all steps necessary to ensure that each holder of an AGM-insured sewer warrant will receive scheduled debt service payments in full and in a timely manner. In that regard, AGM has paid all amounts due for payment on February 1 on the AGM-insured sewer warrants under its bond insurance policy to the Depository Trust Company and expects that DTC will credit such amounts to holders' accounts on Monday, February 4. | |
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News For AGO;BK From The Last 14 Days Check below for free stories on AGO;BK the last two weeks. |
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| May 22, 2013 | | 06:01 EDT | | BK | BNY Mellon plans to increase Wealth Management sales force by 50%
 Subscribe for More Information | | | May 15, 2013 | | 16:55 EDT | | BK | Berkshire Hathaway gives quarterly update on stakes
Subscribe for More Information | | | May 13, 2013 | | 06:12 EDT |  | BK | BNY Mellon appeals ruling on Chesapeake’s early $1.3B bond call, Bloomberg says
Bank of New York Mellon (BK) is appealing a ruling allowing Chesapeake Energy (CHK) to proceed today with redeeming $1.3B in bonds six years early at 100 cents on the dollar, reports Bloomberg. A notice of the appeal was filed May 11 in federal court in Manhattan.Reference Link | | | May 9, 2013 | | 17:18 EDT |  | AGO | Assured Guaranty reports Q1 EPS (74c), may not compare to consensus 68c
Subscribe for More Information | | | 15:27 EDT | | AGO | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include priceline.com (PCLN), consensus $5.27; Public Storage (PSA), consensus $1.62; NVIDIA (NVDA), consensus 10c; CareFusion (CFN), consensus 53c; Assured Guaranty (AGO), consensus 68c; Medivation (MDVN), consensus (41c); Great Plains Energy (GXP), consensus 12c; Salix Pharmaceuticals (SLXP), consensus 68c; Air Lease (AL), consensus 38c; Sotheby's (BID), consensus (12c). | |
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