Corporate Bonds

Billionaire Ross Eyes Ambac

Reuters Via CNBC | Posted 03.28.2008 | Business


Billionaire Wilbur Ross is in serious talks to take over Ambac Financial Group, according to a media report, but broader efforts to rescue the sector ...

Merrill Lynch Cuts Bonuses Of Mortgage Bond Specialists By 80 Percent

Bloomberg | Bradley Keoun | Posted 03.28.2008 | Business


Merrill Lynch & Co., the securities firm that reported a record $2.24 billion third-quarter loss, told fixed-income managers to cut 2007 bonuses by an...