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FDIC poised for IndyMac sell-off
The Federal Deposit Insurance Corp has signed a letter of intent to sell IndyMac Bancorp to a group of investors led by Steven Mnuchin of Dune Capital Management
FT.com

Group Releases Tool to Unlock iPhone
A team of independent programmers said it 'unlocked' Apple's iPhone 3G, allowing use on unauthorized networks.
CBC.ca

A New Year Needed - Flathead Beacon
Flathead BeaconA New Year NeededFlathead Beacon, MT - 2 hours agoSo when Plum Creek Timber Co. began laying off employees in September, it was widely attributed to the long-term decline of the wood products industry ...Property group fattens Christmas card envelope | KXNet.com North ... KXMCall 11 news articles
Feed Digest

Todays Zacks Rank Aggressive Growth Buy: Hanger Orthopedic Group Inc
Hanger reported 28% earnings growth during its last quarterly announcement.
Zacks

Buffett put $20 bln to work while others panicked in 2008
While most investors panicked or were forced to sell, Berkshire Hathaway Chairman Warren Buffett put more than $20 billion to work in 2008, positioning his insurance-focused conglomerate to profit if the economy and markets recover in coming years.
MarketWatch

Chicago hedge fund buys 5.7 percent stake in ADC
Citadel Investment Group, a Chicago-based hedge fund, has spent $33 million to buy a 5.7 percent stake in ADC Telecommunications Inc. (ADCT)
bizjournals

Some groups lower loss estimates in Madoff scandal (AP)
Some clients of disgraced financier Bernard Madoff are concluding that their losses weren't as bad as originally thought.
yahoo.com

Nonprofit employees invest in 403(b) plans (AP)
Similar to 401 plans, the IRS designed 403 retirement plans to serve employees of tax-exempt organizations. The employers offering such plans include public school systems, hospitals and other health care organizations, universities, certain ministers, and tax-exempt groups established under IRS code section 501.
yahoo.com

American Financial Group raises quarterly dividend (AP)
Property and casualty insurer American Financial Group Inc. on Friday raised its quarterly dividend by 4 percent. The company declared a dividend of 13 cents per share, up from its prior payout of 12.5 cents.
yahoo.com

Failed thrift IndyMac sold for nearly $14 bln
One of the earliest and largest casualties of the credit crunch, IndyMac, has been sold to a group of private-equity investors for about $13.9 billion.
Market Watch

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