Morning News Thursday June 28th 2007
General News: - Cambridge Place’s Caliber Fund will close its doors due to losses in subprime mortgages. - Private-equity firm, Carlyle Group, will postpone its $415 IPO of a mortgage fund. - Wires are stating that Kia is the 8th company to postpone a bond sale. Kia’s bond size is $500 million. - Wall Street Journal is reporting the end of the private-equity boom due to tighter credit. - Following in the footsteps of General Motors (GM), Ford (F) is offering 0% financing for 3 years to move product. - Crude oil futures top $70/barrel for the first time since…