(Source: Business Wire)
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Ambac Financial Group Inc. (NYSE: ABK), $1.51, +$0.40, 36.04%, is
a holding company that provides financial services and financial
guarantees, through its subsidiaries, both in the private and public
sectors around the world. Just this morning the company has made gains
of over 36% with over 62 million shares traded which is a significant
incline from yesterday's volume of 8.5 million. Ambac
Financial announced its third quarter earnings with a reported net
income of $2,188.3 million, this is compared to the same quarter last
year of a net loss of $2,431.2 million. The company reports that the
third quarter results are a reflection of significant unrealized
mark-to-market gains in the credit derivatives portfolio and gains
arising from reinsurance cancellations throughout the quarter. Ambac has
posted the complete details of its third quarter results on the company's
website.
Xerox Corporation (NYSE: XRX), $7.94, +$0.38, 5.03%, provides
document systems and services for businesses of any size and is a highly
accredited technology and services enterprise in the global document
market. Xerox is seeing a substantial volume of traffic today with gains
of over 5% and 20 million shares trading hands. The company introduced
its Xerox
6279TM Wide Format Printer, which is a black-and-white
digital printer, copier and scanner with sharp image quality, speed, and
low running costs. This new machine can accommodate any environment
including commercial print shops, architectural, engineering and
construction companies.
Kinross Gold Corporation (TSX: K), $19.88, +$0.52, 2.69%, based
on reserves, is recognized as the third largest gold producing
company in North America, with operations worldwide namely in U.S,
Brazil, Chile, Ecuador and Russia. Kinross is the most active company on
the TSX today with over 11 million shares trading hands so far.
