JC Flowers, others close to IndyMac deal: source (Reuters)

Reuters – A consortium of private equity and hedge fund firms, including J.C. Flowers & Co, is close to a deal to buy the assets of failed mortgage lender IndyMac, a source familiar with the matter said on Sunday.

JC Flowers, others close to IndyMac deal -source

NEW YORK, Dec 28 (Reuters) – A consortium of private equity
and hedge fund firms, including J.C. Flowers & Co, is close to
a deal to buy the assets of failed mortgage lender IndyMac, a
source familiar with the matter said on Sunday.

Kuwait cancels $17 billion deal with Dow Chemical

KUWAIT (Reuters) – Kuwait decided on Sunday to scrap a deal to form a $17.4 billion petrochemical joint venture with U.S. company Dow Chemical .

Tick tock … tick: Extra second added to 2008

WASHINGTON (Reuters) – Those eager to put 2008 behind them will have to hold their good-byes for just a moment this New Year’s Eve.

Sculptor Robert Graham dies in California at 70

LOS ANGELES (Reuters) – Robert Graham, a California sculptor whose works were incorporated into civic monuments including the Franklin Delano Roosevelt Memorial in Washington, D.C., has died at the age of 70.

Summers: Obama stimulus aimed at long term too (Reuters)

US President-elect Barack Obama walks over to greet a crowd of onlookers after working out at the Semper Fit gym on Marine Corps Base Hawaii in Kailua, Hawaii December 27, 2008. (Hugh Gentry/Reuters)Reuters – Spending government money solely to stimulate consumer spending would be a short-sighted mistake, one of U.S. President-elect Barack Obama’s top economic advisers said on Sunday.

Kuwait cancels $17 billion JV with Dow Chemical

KUWAIT (Reuters) – Kuwait on Sunday scrapped a deal to form a $17.4 billion petrochemical joint venture with U.S. firm Dow Chemical , state news agency KUNA said.