Recent Posts

MBIA to Restate Seven Years of Results

NEW YORK – MBIA Inc. (MBI), one of the world’s largest bond insurers, on Tuesday said it will restate financial results from 1998 through 2004 to correct its accounting for two reinsurance agreements with Converium Re. One agreement involved the purchase by Armonk, New York-based MBIA (search) of reinsurance to …

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Chemical Group Crompton to Buy Great Lakes for $1.54B

NEW YORK – Chemical group Crompton Corp. (CK) will acquire smaller rival Great Lakes Chemical Corp. (GLK) for $1.54 billion, creating the third-largest U.S. specialty chemicals company, the companies said on Wednesday. The friendly, all-stock transaction will create a company with revenue of more than $4.1 billion and a market …

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GI Pleads Not Guilty to Iraqi's Death

WIESBADEN, Germany – A U.S. tank company commander pleaded not guilty Monday at the opening of his military trial on charges related to the killing last year of an Iraqi man witnesses have said was critically wounded. Capt. Rogelio Maynulet (search), 30, from Chicago, could face a maximum sentence of …

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