Stock Investment Blog|Journal of Stock Investments|Portfolio

LOS ANGELES (MarketWatch) — Tobacco company Lorillard Inc. will replace Ambac
Financial Group Inc. in the S&P 500 Index , Standard & Poor’s said Tuesday
evening. The change will occur after the close of trading June 10. Lorillard is
being distributed via a two-tiered process that involves the retirement of a
portion of tracking stock Carolina Group , and [...]

DOW JONES NEWSWIRES
Ambac Financial Group Inc. (ABK) said it wrote down $228 million in
collateralized-debt obligations in April as it continues to be weighed down by
the credit crunch.
In a monthly update on its pretax financial data, the second-largest bond insurer
also reported a $53.4 million loss on fair-value changes in its investment
portfolio more than offset [...]

Ambac Responds to Article Related to Its Second Lien RMBS Exposure
NEW YORK, May 22, 2008 (BUSINESS WIRE) — Ambac Financial Group, Inc. (ABK)
(Ambac) today responded to a Credit Sights article published on May 21, 2008 that
calls into question the current level of Ambac’s loss reserves on its second lien
RMBS exposure. In the article Credit Sights [...]

Harbinger Reports Reduced Stakes In Bond Insurers MBIA, Ambac
Last Update: 5/15/2008 11:35:11 AM
DOW JONES NEWSWIRES
Hedge fund Harbinger Capital Partners and affiliates reported Thursday reduced
stakes in bond insurers MBIA Inc. (MBI) and Ambac Financial Group Inc. (ABK) in
their first-quarter holdings reports.
At March 31, the hedge fund group reported holding 880,300 shares of MBIA, worth
$10.8 million, down [...]

CHICAGO (Dow Jones)–Subprime mortgages were the first sore spot for bond
insurers as falling housing prices hit borrowers hard. But in the first quarter,
home-equity lines of credit have become the new hot spot.
Third-largest bond insurer Financial Security Assurance Ltd. on Wednesday became
the latest to report that its loss projections for those loans rose in the
quarter.
FSA increased [...]