MBIA shares drop after hefty loss

Mon May 12, 2008 12:28pm BST
 
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NEW YORK (Reuters) - Shares of MBIA Inc (MBI.N: Quote, Profile, Research) dropped more than 4 percent to $9 before the bell on Monday after the bond insurer posted a wider-than-expected $2.41 billion, or $13.03 a share, first-quarter loss.

(Reporting by Ellis Mnyandu; Editing by Kenneth Barry)

 

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