Ambac Financial Group Inc. (ABK) fell 66 cents, or 2.3 percent, to $28.48. Billionaire investor Warren Buffett is starting a bond insurance company that may take U.S. local- government business away rivals including Ambac, the world's second biggest bond insurer.
MBIA Inc. (MBI), the largest, slipped 67 cents to $21.60.
Checkpoint Systems Inc. (CKP): The maker of anti-theft tags for retailers said it named Robert van der Merwe as president and chief executive officer, effective immediately. The stock fell 62 cents to $22.71 in regular trading yesterday.
Christopher & Banks Corp. (CBK): The women's clothing retailer forecast earnings of as much as 5 cents a share in the fourth quarter. The average estimate from analysts was 8 cents, according to a Bloomberg survey. The shares declined 62 cents to $22.71 in regular trading yesterday.
Citigroup Inc. (C) rose 25 cents to $29.81. The largest U.S. bank may sell four businesses with as much as $12 billion of assets, the Wall Street Journal reported.
SLM Corp. (SLM) rose 52 cents, or 2.7 percent, to $20.17. The biggest provider of lending for education, known as Sallie Mae, plans to increase loans not backed by the U.S. government to compensate for an expected slowdown in its guaranteed loan business, the Wall Street Journal reported, citing a securities filing for two stock offerings yesterday.Watch MON, JEC, RIG, MOS, RMD for long breakouts.
Watch VNO, BDK, DD, KMT, STU for short breakdowns.
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