Kirberts finance advice and news

NEW YORK - Thornburg Mortgage Inc has said on Monday it has failed to meet a surge in margin calls, raising concern the jumbo mortgage lender might file for bankruptcy and causing its shares to fall by more than half.

COLEMAN, Florida - Former press baron Conrad Black surrendered at a Florida prison on Monday to begin serving his 6-and-1/2 year sentence for fraud and obstructing justice.

NEW YORK - Billionaire investor Warren Buffett has said on Monday the United States economy is in recession and that stocks are “not cheap” despite recent declines.

NEW YORK - Billionaire investor Warren Buffett has said on Monday the United States economy is in recession and that stocks are “not cheap” despite recent declines.

New York Attorney General Andrew M. Cuomo announced an agreement on
Monday between his office and Freddie Mac and
Fannie Mae under which the two largegest purchasers of
home loans will purchase home mortgages only from those lenders that meet new
standards that it is hoped will ensure independent and reliable
appraisals…

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NEW YORK - United States manufacturing slumped to its weakest in nearly five years in February, reinforcing worries the world’s largegest economy is headed for recession, while a fall United States construction spending in January added to the gloom.

LONDON - Manufacturers ramped up prices at the fastest rate on record in February as growth in the sector edged up from near stagnation and input costs soared at the strongest pace in three years, a survey showed on Monday.

LONDON - HSBC’s pretax profit rose 10 percent last year, driven by buoyant growth in Asia which helped Europe’s largegest bank absorb $17.2 billion (8.7 billion pounds) in bad debts as the United States housing crisis deepened.