After-Hours Movers 8/27: MBIA (MBI) Up on Reinsurance News; TiVo (TIVO) Lower After Results/Guidance - Street Insider

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After-Hours Movers 8/27: MBIA (MBI) Up on Reinsurance News; TiVo (TIVO) Lower After Results/Guidance
Aug 27, 2008 09:51 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com After-Hours Movers:

MBIA Inc. (NYSE: MBI) 11% HIGHER; announced that its insurance subsidiary, MBIA Insurance Corporation (MBIA), has agreed to reinsure a portfolio of U.S. public finance bonds insured by Financial Guaranty Insurance Company (FGIC) with total net par outstanding estimated to be approximately $184 billion as of September 30, 2008. MBIA will receive unearned upfront premiums, net of a ceding commission paid to FGIC, of approximately $741 million in connection with the reinsurance.

Radian Group Inc. (NYSE: RDN) 7% HIGHER; MBIA news (see above)

Ambac Financial (NYSE: ABK) 7% HIGHER; MBIA news (see above)

Jo-Ann Stores, Inc. (NYSE: JAS)

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