The News Review:
- FDIC to sell IndyMac to IMB Management Holdings
- Manufacturing index at 28-year low
- Ill. governor’s federal security clearance revoked
FDIC to sell IndyMac to IMB Management Holdings
MarketWatch
IMB Management Holdings is expected to inject a substantial amount of capital into a newly formed thrift holding company which will operate IndyMac the FDIC said. The cost to the FDIC to resolve IndyMac Bank which was closed in July is estimated to be between $8. The deal is expected to close in late January or early February.
Related from Insurancemonster: FDIC nears IndyMac sale
Manufacturing index at 28-year low
CNNMoney.com
com) — A key index of the nation’s manufacturing activity fell to a 28-year low in December according to a report released Friday. The Institute for Supply Management a purchasing management group based in Tempe Ariz. said its manufacturing index was 32. That’s the lowest reading since June 1980 when it stood at 30.
Ill. governor’s federal security clearance revoked
The Associated Press
Blagojevich spokesman Lucio Guerrero on Friday night called the move “pretty standard procedure. ” He says there are still a number of other state officials with access. Illinois Emergency Management Agency spokeswoman Patti Thompson says that the head of the Illinois State Police and Illinois Emergency Management Agency have access to federal security intelligence and could relay it to the governor who was arrested last month on federal corruption charges. He denies any wrongdoing. Homeland Security spokeswoman Amy Kudwa confirmed the revocation. But she declined to comment further.