NEW YORK (Reuters) - MBIA Inc, a bond insurer struggling to maintain the top credit ratings necessary for its business, posted a fourth-quarter loss on Thursday after a $3.5 billion write-down.
NEW YORK (Reuters) - Stocks were set to fall at the market opening on Thursday as data showing a big jump in weekly jobless claims added to nervousness in a market already jittery about financial sector losses.
PARIS (Reuters) - BNP Paribas confirmed on Thursday that it was studying a possible bid for Societe Generale, as its fellow French bank reeled from rogue trading losses and France warned off would-be foreign bidders.
WASHINGTON (Reuters) - The number of workers filing new claims for jobless aid jumped by a much larger-than-expected 69,000 last week to the highest in over two years, government data on Thursday showed, but the numbers were likely skewed by the timing of a public holiday.
CHICAGO (Reuters) - Procter & Gamble Co posted higher quarterly profit on Thursday and said it would split out its Folgers coffee business into an independent company.
NEW YORK (Reuters) - Bristol-Myers Squibb Co on Thursday reported a quarterly loss as special charges, including a $275 million impairment expense tied to collateralized debt obligations, more than offset strong sales growth of its prescription drugs.
SAN FRANCISCO (Reuters) - Google Inc's top three executives had pledged to work together for 20 years in a pact they made shortly before the company's initial public offering in August 2004, Fortune magazine has reported.
NEW YORK (Reuters) - Wyeth on Thursday forecast flat revenue and lower earnings for 2008 due to suddenly erupting generic competition for its blockbuster Protonix heartburn medicine and assumptions about possible generic competition for other medicines.
NEW YORK (Reuters) - CVS Caremark Corp on Thursday said its fourth-quarter profit almost doubled, boosted by the addition of Caremark's pharmacy benefits business.
NEW YORK (Reuters) - Mattel Inc , the world's largest toy company, posted a better-than-expected fourth-quarter profit on Thursday, helped by stronger international demand for its Hot Wheels cars and Fisher Price line.
