text: NEW YORK – Wachovia, the fourthest largest US bank, dropped the lawsuit a day after New Mexico-based Thornburg returned the $5.1 million collateral to the bank.
  Wachovia sued Thornburg on the ground that the mortgage provider allegedly breached its contract and failed to return money that was used as collateral in derivatives contracts, including a series of interest-rate swaps. The companies had agreed to unwind, or terminate, the swaps earlier in the month.
  Last month Thornburg said it had recently sold $20.5 billion in assets to pay down its short-term borrowings to stabilize its ability to meet financing obligations. Thornburg Mortgage focuses on the jumbo segment of the adjustable-rate mortgage market – mortgages generally totalling over $417,000. Increased subprime mortgage defaults have evaporated credit for many mortgage lenders.
  The flexibility of ZE PowerGroup's data management offering, breadth of data feeds, and ease of integration into the downstream systems of both large and small clients, combined with strength of client testimonials, has won the company Energy Risk's Data Management House of the Year for the third year running.
  Last year ZE PowerGroup doubled its client-base for the second year in a row. Key to its success, say its clients, is the ease with which its ZEMA suite of products interfaces with other
  Carbon asset manager Natsource has announced that two of its entities will participate in a billion dollar greenhouse gas (GHG) transaction.
  Canadenis Acquisition and Tamarisk Acquisition Corporation will purchase a combined figure of approximately 23 million certified emissions reductions (CERs), to be delivered from the World Bank's Umbrella Carbon Facility (UCF). The purchase represents 24.5% of CERs made available to the private sector.