Ambac Financial Group Inc. (ABK) is in the Financial Services Industry

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• Buffett Says Bought $4 Bln of Auction-rate Debt

  By Joan Gralla and Jonathan Stempel OMAHA, Nebraska (Reuters UK) - Warren Buffett on Saturday said his Berkshire Hathaway (BRKa) (BRKb) holding company bought $4 billion (2 billion pounds) of auction-rate securities during the market's recent distress. Speaking at Berkshire's annual shareholder meeting, Buffett also...

  News items 2008-05-03

  Tags: Bond, Insurance Company, Berkshire Hathaway Inc., Warren Buffett, Buffett, Berkshire Hathaway Assurance, Ambac Financial Group Inc., MBIA Inc.

• Buffett Says Bought $4 Bln of Auction-rate Debt

  By Joan Gralla and Jonathan Stempel OMAHA, Nebraska (Reuters) - Warren Buffett on Saturday said his Berkshire Hathaway (BRKa) (BRKb) holding company bought $4 billion of auction-rate securities during the market's recent distress. Speaking at Berkshire's annual shareholder meeting, Buffett also...

  News items 2008-05-03

  Tags: Investment, Financial Planning, Warren Buffett, Berkshire Hathaway Inc., bond, municipal bond, distress, insurance company, Nebraska, Omaha, interest rate, insurance, investor, Thomson Reuters Corp., security, shareholder, job

• Ambac May Need Capital: NY Regulator

  WASHINGTON (Reuters) - New York state's top insurance regulator said on Thursday that bond insurer Ambac Financial Group Inc (ABK) may need more capital. "I think it's possible that they may need to raise additional capital," Insurance Superintendent Eric Dinallo said ...

  News items 2008-04-24

  Tags: Investment, Ambac Financial Group Inc., bond, MBIA Inc., mortgage-backed security, insurance company, insurance, municipal bond, Washington, Thomson Reuters Corp., TV, security

• Ambac Shares Dive After Steep Loss

  By Dan Wilchins NEW YORK (Reuters) - Ambac Financial Group Inc (ABK), a bond insurer that struggled to raise capital earlier this year, posted a surprisingly wide first-quarter loss on Wednesday after setting aside $1 billion to cover future payouts on ...

  News items 2008-04-23

  Tags: Investment, Financial accounting, Ambac Financial Group Inc., S&P, bond, insurance company, derivatives, investor, quarterly loss, Thomson Reuters Corp., net income, financial market, New York, security, shareholder, insurance, equity, bank, financial

• Ambac Posts First-quarter Loss

  NEW YORK (Reuters) - Ambac Financial Group Inc (ABK), a bond insurer that struggled to raise capital earlier this year, posted a first-quarter loss on Wednesday after losses of $1.73 billion on credit derivative exposures. The New York-based company posted a loss of...

  News items 2008-04-23

  Tags: Ambac Financial Group Inc., quarterly loss, bond, insurance company, New York, Thomson Reuters Corp.

Additional Resources

• Ambac Provides First Quarter 2008 Business Activity Update

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today released the text of a business activity update targeted at all its major constituents. The text of the release follows: Ambac is committed to preserving and rebuilding our business franchise. Our recent capital raise of $1.5 billion...

  Articles 2008-05-06

• Ambac Financial Group, Inc. Declares Quarterly Dividend

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.01 per share of common stock. The dividend is payable on June 4, 2008 to stockholders of record on May 20, 2008. Ambac Financial...

  Articles 2008-05-06

• Ambac Remains in Compliance with Covenants under $400 million Credit Facility

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that Ambac and Ambac Assurance remain in full compliance with the terms and conditions of their $400 million credit facility which remains undrawn. The credit facility contains two financial covenants requiring Ambac to: (i) maintain a debt-to-total capital...

  Articles 2008-05-02

• BellwetherReport.com Initiates Analyst Coverage on CREE, ABK, ETN and IPI

  BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have scheduled interviews with a number of...

  Articles 2008-04-23

• Ambac Financial Group, Inc. Announces First Quarter Net Loss of $1,660.3 Million

  First Quarter Net Loss Per Share of $11.69 Reflects Mortgage-related Losses NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced a first quarter 2008 net loss of $1,660.3 million, or a net loss of $11.69 on a per share basis. This compares to first quarter...

  Articles 2008-04-23

• Ambac Assists Clients in Lowering Their Interest Costs on Variable Rate Debt

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that they have successfully worked with their clients to help lower their borrowing costs on auction and variable rate debt in over a 100 transactions. Ambac's objective is twofold: to provide clients with immediate interest rate relief, and...

  Articles 2008-04-22

• Ambac Implements New SEC Rule for Internet Posting of Proxy Materials

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today began mailing the "Notice of Internet Availability of Proxy Materials" for its 2008 Annual Meeting of Stockholders under the new Notice and Access rule of the U.S. Securities and Exchange Commission ("SEC"). Ambac is one of the...

  Articles 2008-04-21

• Ambac Financial Group, Inc. Conference Call to Discuss First Quarter Earnings Set for April 23, 2008 at 11 A.M. Eastern

  NEW YORK -- Ambac Financial Group, Inc. (NYSE:ABK) announced that it will host a conference call for investors on April 23 at 11 a.m. Eastern to discuss first quarter 2008 earnings which are scheduled to be released at 6 a.m. that morning. The dial in number for the call is...

  Articles 2008-04-11

• Ambac Provides Assistance to Clients Looking to Lower Interest Costs

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that it is pleased to have partnered with clients who have sought ways in which to mitigate the impact of the recent turmoil in the financial markets which has created unexpected increases in interest rates on auction rate...

  Articles 2008-04-08

• Ambac Strengthens Investor Communications Platform

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced the return of Peter Poillon as Managing Director of Fixed Income Investor Relations. In his new role, Mr. Poillon will work closely with Vandana Sharma who will continue to handle Equity Investor Relations and Media Relations. Paul Burke,...

  Articles 2008-04-08

• Ambac Announces the Creation of a Team to Address Issues in the Short Term Municipal Markets

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that it has established a team dedicated to addressing the issues its clients are facing in the Auction Rate Securities and Variable Rate Debt markets. Michael Callen, Chairman and CEO of Ambac, commented that, "Many of Ambac's clients...

  Articles 2008-04-04

• JOE, ABK, AXR, LMC, MHO, NYT Have Been Removed From Naked Short List Today.

  M2 PRESSWIRE-2 April 2008-BUYINS.NET: JOE, ABK, AXR, LMC, MHO, NYT Have Been Removed From Naked Short List Today(C)1994-2008 M2 COMMUNICATIONS LTD RDATE:02042008 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE...

  Articles 2008-04-02

• Ambac Executive to Present at the JP Morgan 2008 Insurance Conference

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that Douglas Renfield-Miller, Executive Vice President, is scheduled to present at the JP Morgan 2008 Insurance Conference in New York on Thursday, March 27, 2008 at 3:30 p.m. Eastern Time. To listen to the presentation, dial...

  Articles 2008-03-25

• BellwetherReport.com Free Analyst Review for GGP, SEED, MOS, and ABK

  BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased research on the companiesmentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have scheduled interviews with a number of the...

  Articles 2008-03-25

• Ambac's Chairman and CEO to Present at the Bank of America 2008 Smid Cap Conference

  NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that Michael Callen, Chairman and Chief Executive Officer, is scheduled to present at the Bank of America 2008 Smid Cap Conference at the Four Seasons Hotel in Boston on Wednesday, March 26, 2008 at 2:40 p.m. Eastern Time....

  Articles 2008-03-25