NU Online News Service, Nov. 10, 12:00 p.m. EST
Ambac Financial Group Inc., which filed for bankruptcy protection on Monday, said its third quarter earnings plunged while rival MBIA Inc. said it recorded a $213 million loss during the same period.
Ambac said it earned $76 million during the third quarter compared to net income of $2.19 billion a year ago during the same time.
MBIA posted its third quarter net loss compared to a net loss of $728 million in the 2009 third quarter.
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