Reuters - Thornburg Mortgage Inc , which provides loans to help people buy expensive homes, said on Friday its survival is at stake because it cannot meet its own lenders’ demands for $610 million of cash or collateral.
Protect your good name online
Hiring managers are increasingly using the Web as a supplement to your paper r sum , creating a sort of unauthorized biography pieced together from all the references to you on the Internet. Problem is, you write your r sum , while your profile online is a collaborative property written by many.
Make money in 2008
A special report from Money Magazine on what to expect and where to put your money in the coming year.
When getting a deal isn’t worth it
It’s no exaggeration to say that a large chunk of my early winter was wasted trying to buy a wide-screen TV. After finishing my basement with the explicit goal of turning an empty concrete space into a Wii-playing, movie-watching, comfy-couch-laden rec room, I knew that the TV had to be really big and really flat, with good but not top-of-the-line picture and features. Easy enough.
Citi sees $9 bln writedowns at U.S. investment banks (Reuters)
Reuters - Citigroup forecast $9 billion of writedowns at U.S. investment banks in the first quarter of 2008, primarily driven by additional leveraged loan and mortgage-related losses.
Punk Ziegel says buy Citi on rumor of further capital strength (Reuters)
Reuters - Punk Ziegel recommended investors buy Citigroup Inc , a day after the bank announced moves to overhaul its U.S. residential mortgage business, and said new rumors in the market suggest that the financial giant’s capital strength may be greater than thought.
