Author: 123jump.com Staff
123jump.com
Last Update: 11:37 AM EST March 06 2008


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U.S. stocks edged lower as mortgage securities related defaults fears spread to stocks. Thornburg received a default notice from JP Morgan which triggered other defaults of $320 million. Thornburg stock is now down 95% from its recent peak in July 2007. Carlyle Capital, a listed investment management company in London, controlled by Carlyle Group in Washington, received mortgage debt related default from one of its 13 lenders.