The News Review:
- FDIC to sell IndyMac to IMB Management Holdings
- Manufacturing Reports Show Depth of Global Downturn
- Manufacturing index at 28-year low
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 Liabilitymanagementsystems: FDIC finds buyer for IndyMac
Manufacturing Reports Show Depth of Global Downturn
New York Times United States
4 in December down from 36. “Manufacturing activity continued to decline at a rapid rate during the month of December” said Norbert J. re chairman of the Institute for Supply Management Manufacturing Business Survey Committee.
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.