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Movers: MBIA, Ambac, GM, Monsanto, Sprint Nextel, Schering-Plough

Tuesday's stocks in the news

MBIA (MBI) and Ambac (ABK) are seen higher as Buffett tells CNBC that last week he sent letter to three bond insurers offering to take over liabilities. Buffett says that one bond insurer rejected his offer, but he declined to say who.

General Motors (GM) posts $0.08, vs. $0.32 a year ago, fourth quarter adjusted EPS (excluding special items) on 7.3% lower revenue. Including special items, it posts $1.28 fourth quarter net loss, vs. $1.68 EPS. Also says it will offer buyouts or early retirements to all 74,000 U.S. hourly workers represented by the United Auto Workers.