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Ex-eBay CEO Whitman eyes run for California governor
Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California.

(AFX UK Focus) 2009-01-05 21:51 UPDATE 2-Ex-eBay CEO Whitman eyes run for California gov.
SAN FRANCISCO, Jan 5 (Reuters) - Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California. Term limits mean Gov. Arnold Schwarzenegger, a Republican like Whitman, must leave the job in 2010, and high-profile figures in the Golden State from Democratic Senator Dianne ...

NM gov. backed down over pay-to-play probe
(By BARRY MASSEY, Associated Press Writer) Gov. Bill Richardson's gold-plated resume had never been tarnished as he moved up the political ladder from congressman and diplomat to governor. But a day after backing out of consideration for U.S. commerce secretary, Richardson faced a murky political future as a grand jury probed a possible pay-to-play deal involving one of his big political donors. ...

Richardson withdraws bid to be commerce secretary
WASHINGTON — New Mexico Gov. Bill Richardson abandoned his nomination to become commerce secretary under pressure of a grand jury investigation into a state contract awarded to his political donors — an investigation that threatened to embarrass President-elect Barack Obama.

Banks’ ‘Catatonic Fear’ Means Consumers Don’t Get TARP Relief
Jan. 5 (Bloomberg) -- As the new owner of $172.5 billion of preferred shares and warrants in 208 U.S. financial institutions, the Treasury Department hasn’t succeeded in thawing frozen credit markets, leaving taxpayers propping up an industry that won’t lend to them.

Close-Up
Dave Stewart has just completed his first 500 days as dean of the A. Gary Anderson Graduate School of Management at the University of California, Riverside.

FDIC Agrees to Sell IndyMac to Investor Group
The federal government has agreed to sell the skeleton of IndyMac Bank, the aggressive California mortgage lender whose July failure portended the autumn crisis of the financial system, to a group of private investors.