In the news:
MBIA posted a quarterly loss of $2.4 billion or $13.03 a share. The company's shares rose 98 cents to $10.41 in early trading.
Indymac posts a $184 million first quarter loss or $2.27 a share. Indymac now says they probably won't make a profit this year and won't until home price declines slow. In February the company said they expected to post a profit of $13 million in 2008. Indymac now expects losses every quarter this year but expect quarterly losses to narrow to $20 million by the fourth quarter.
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