MBIA Inc., the bond insurer that reached a $1.7 billion settlement with Bank of America Corp. this week, will pay $350 million to Societe Generale SA to resolve litigation, a person familiar with the matter said.
MBIA Inc., the bond insurer suing Bank of America Corp. to recover losses tied to mortgage loans, won an appeals court ruling that the lender could be required to repurchase securitized loans even if they aren’t in default.
Boris Berezovsky, one of the first and best-known Russian oligarchs, who accumulated vast wealth and influence in post-communist Russia that he struggled in later years to retain, was found dead yesterday at his U.K. home. He was 67.
Elekta AB and Royal Philips Electronics NV won their first hospital contract to test a new type of radiation therapy machine designed to increase the accuracy of treatment and reduce the need for surgery.
MBIA Inc. Chief Financial Officer Chuck Chaplin and Chief Operating Officer William Fallon each took home $6.2 million in pay last year, the bond insurer hobbled by soured mortgage debt said in a regulatory filing.