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Ambac Eliminates Dividend Payment

The New York-based insurer made the announcement Wednesday, saying it would eliminate the payments that were recently set at 1 cent per share. Ambac said it made the move "to support the company's goa

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Guaranty insurer Ambac Financial Group Inc. said it will stop paying a regular quarterly dividend in a move the company said would save $11.5 million a year.

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