Wall Street fluctuated Monday as investors sifted through a range of reports on how companies are handling a slumping economy and tight credit markets.

Blackstone Group, the private equity firm, posted a loss for the first quarter. The worse-than-expected results came amid tough credit conditions and a big stake in the troubled bond insurer Financial Guaranty Insurance Co.

A letter to shareholders Monday from MBIA Inc.’s chief executive saying the bond insurer was starting to write new business failed to reinvigorate the strugging bond insurance industry. MBIA rose modestly in early trading, but other bond insurers fell. Read more

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This entry was posted on Monday, March 10th, 2008 at 4:03 pm and is filed under Life insurance news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.