News from around the web: 2009-10-03

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  • Stanford Puts $1 Billion in Assets on Block – WSJ.com

    "Stanford University, which lost a quarter of its endowment last year, has put on the block as much as $1 billion of hard-to-sell investments ranging from private equity to real estate to timberland as it seeks to raise cash, according to people familiar with the matter."

  • Jobs Data Cloud Recovery – WSJ.com

    "Employers cut another 263,000 jobs in September and the unemployment rate rose to a 26-year high of 9.8%, raising worries that the persistently weak labor market could undermine a nascent economic recovery from the worst U.S. recession since the Great Depression."

  • FDIC: Failed Bank Information – Bank Closing Information for Jennings State Bank, Spring Grove, MN

    "As of July 31, 2009, Jennings State Bank had total assets of $56.3 million and total deposits of approximately $52.4 million. Central Bank did not pay the FDIC a premium for the deposits of Jennings State Bank. In addition to assuming all of the deposits of the failed bank, Central Bank agreed to purchase essentially all of the assets."

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  • FDIC: Failed Bank Information – Bank Closing Information for Southern Colorado National Bank, Pueblo, CO

    "As of September 4, 2009, Southern Colorado National Bank had total assets of $39.5 million and total deposits of approximately $31.9 million. Legacy Bank will pay the FDIC a premium of one percent to assume all of the deposits of Southern Colorado National Bank. In addition to assuming all of the deposits of the Southern Colorado National Bank, Legacy Bank agreed to purchase essentially all of the assets."

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  • FDIC: Failed Bank Information – Bank Closing Information for Warren Bank, Warren, MI

    "As of July 31, 2009, Warren Bank had total assets of $538 million and total deposits of approximately $501 million. The Huntington National Bank will pay the FDIC a premium of 0.27 percent to assume all of the deposits of Warren Bank. In addition to assuming all of the deposits of the failed bank, The Huntington National Bank will purchase approximately $83 million of the failed bank’s assets. The FDIC will retain the remaining assets for later disposition."

  • Rio Throws Chicago for a Loop – WSJ.com

    "Rio de Janeiro, in a dramatic victory over much-wealthier cities, won the right to host the 2016 Olympics, bringing the Games to South America for the first time and crystallizing Brazil’s rise as an economic and political power."

  • Video of Anne Frank Surfaces on YouTube

    "The only existing film footage of Anne Frank has been uploaded to YouTube by the Anne Frank House. The Amsterdam museum is hoping to bring attention to Anne’s story and diaries and reach a new generation who may be unfamiliar with her story."

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