Kirberts finance advice and news

CUPERTINO, California - Apple Inc has no plans to declare a dividend or purchase back stock, Chief Executive Steve Jobs told the annual meeting of shareholders on Tuesday, adding that iPhone sales were on track.

NEW YORK - United States stocks slid on Tuesday, skirting lows hit in January, as financial shares faltered and Federal Reserve Chairman Ben Bernanke warned mortgage delinquencies and foreclosures were likely to rise.

GENEVA - UBS believes its investment banking and wealth management businesses should stay under one roof, company Chairman Marcel Ospel has said on Tuesday.

DETROIT - Ford Motor Co has said on Tuesday it
is developing a new business plan for Volvo that will include
the Swedish luxury brand operating on a more stand-alone basis.

NEW YORK - Ambac Financial Group Inc , the second-largegest United States bond insurer, has decided against splitting in two as part of a $2 billion to $3 billion recapitalization, the Financial Times reported on Tuesday, citing insiders.

NEW YORK - A United States court denied a group of bondholders a summary judgment against Tyco International Inc in a dispute over whether the company broke terms of its debt when it restructured into three separate entities last year, according to a court filing.

WASHINGTON - Boeing Co demanded on Tuesday immediate answers on why it lost a $35 billion contract for refueling tankers to Northrop Grumman Corp and its European partner EADS , as Boeing backers in Congress threatened to hold up funding for the deal.

The Hope Now Alliance, a coalition of 25 of the
largegest mortgage servicers in the country, released a progress report on
Monday on its operations to date.

The Alliance announced that, since it began operations in July, 2007
it has been responsible for a total of 1,035,000 loan
workouts which include..

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