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Stock Market & Financial Investment News

News Breaks
May 9, 2013
17:18 EDTAGOAssured Guaranty reports Q1 EPS (74c), may not compare to consensus 68c
Reports Q1 revenue ($176M), may not compare to consensus $213.8M. Reports Q1 operating income per share $1.34. The main drivers of the decrease in GAAP net loss were the benefit attributable to the UBS agreement and the lower non-economic net unrealized fair value losses, which result primarily from the narrowing of credit spreads of AGL's insurance subsidiaries. Fair value adjustments in excess of credit impairment are deemed non-economic, and therefore are expected to reverse by contract maturity.
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December 11, 2014
07:22 EDTAGOAssured Guaranty close to deal to buy Radian unit for $800M, Reuters says
Assured Guaranty (AGO) is close to a deal to buy Radian's (RDN) financial guaranty business for about $800M, Reuters reports, citing sources. A deal could be announced within the next few days, the sources add. Reference Link

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