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More Incorporate in Texas Information: Limited Liability Information

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Tax Information for Limited Liability Companies Tax Information for Limited Liability (LLC) - The Limited Liability Company Companies is a business structure that is increasing in popularity. -

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FDIC says it will sell IndyMac (Reuters)

Reuters - The Federal Deposit Insurance Corp, in a statement on its Website, says it signed a letter of intent to sell Indymac Federal bank operations to thrift holding company controlled by IMB Management Holdings LP.

Wall St closes out worst year since Depression (Reuters)

Reuters - Wall Street closed out its worst year since the Great Depression on Wednesday after an unstoppable credit crisis and a dreadful economic outlook left investors questioning their faith in stock markets.

NY Fed begins purchasing mortgage securities (AP)
AP - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.

Standout 2008 fund managers staying defensive (AP)

AP - Playing it safe paid off in 2008 for Tom Forester and David Ellison, two standout mutual fund managers in a year when winning meant losing less money than the competition.

Private equity group buying IndyMac assets (Reuters)

Reuters - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash.

British house prices fell at record rate in 2008 (AP)
AP - House prices in Britain fell in 2008 at their fastest rate for at least 25 years, the country's biggest mortgage lender said Friday, stoking market expectations that the Bank of England will cut borrowing costs further next week.

Jobless claims dive while mortgage rates ease again (Reuters)

Reuters - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market.