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Puerto Rico Being Sued By Hedge Funds For Dodging Payments
Wednesday, June 22, 2016 - 11:02am | 261Read More...Puerto Rico's government is facing a lawsuit in New York by a group of hedge funds, which claim the U.S. territory is misusing an emergency fiscal-crisis law to avoid payments on a $3.5 billion in bonds. Puerto Rico approved "The Emergency Moratorium and Financial Rehabilitation Act" in April,...
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Shares Of Puerto Rican Bond Insurers Tick Higher Following Encouraging Developments
Wednesday, July 1, 2015 - 10:57am | 325Read More...Shares of MBIA Inc. (NYSE: MBI) and Assured Guaranty Ltd. (NYSE: AGO) were trading higher by more than 3 percent in Wednesday's premarket following encouraging news out of Puerto Rico. Shares of Assured recently traded up about 2 percent, while MBIA was nearly flat on the day. MBIA and Assured...
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Bond Insurers Getting Killed By Puerto Rico Uncertainty
Monday, June 29, 2015 - 12:22pm | 390Read More...Shares of Assured Guaranty Ltd. (NYSE: AGO) and MBIA Inc. (NYSE: MBI) were trading lower by more than 12 percent Monday after Puerto Rico's Governor Garcia Padilla described the nation's $72 billion of debt as being "unpayable." Assured Guaranty and MBIA jointly guarantee $9.4...
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Markets Little Changed As The Quarter Comes To An End
Monday, June 30, 2014 - 4:34pm | 2316Read More...U.S. stocks were little changed as the second quarter comes to an end. Investors and traders are likely spending the last day of the quarter the same way they did to ring in the quarter: questioning the direction of the U.S. economy and wondering what is in store in the coming quarter. One...
