Law:

Howrey Axes About 10 Associates; Not Layoffs But ‘Outplacement’
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Layoff Watch: Howrey Lets Ten People Go for 'Performance'
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Howrey Says Firm is Having Strong Year
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Layoff Watch: In Case You Were Wondering, The Economy Is Hurting Mid-Sized Firms Too
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Bonus Memos Hint at Firm Finances
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Revenue per Lawyer at Big Firms is Up, But Layoffs are the Reason
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In-House Counsel: "We're Hurting, Too"
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Watch Out for the Bus! - How to spot the signs before you find yourself under the wheels
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Litigators, Line Up Your Experts!
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Jury rejects $17M legal malpractice claim against Orrick
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Battling for Scarce Legal Work, Associates Vie for Paralegal Tasks
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Dreier Lawyers Describe Depleted Accounts, Departures From Firm
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The Dreier Case: Where's All The Money?
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Dreier May Have Also Stolen Client Funds, SEC Says
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Dreier Lawyer Says Client Is Cooperating With Receiver at Firm
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Dreier law firm in turmoil after founder's arrest
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In Dreier Saga, Filings Describe “Devastating Effect” on Dreier LLP
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How Attorney Marc Dreier Allegedly Sold Worthless Forged Paper
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The Office of Judith Regan on Legal Fees Lawsuit: 'Marc Dreier Will Lose' Just Like News Corp
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Collecting, but Hardly Calm and Cool
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Linklaters accounts show top earner took home £3.4m
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Clifford Chance braced for tough 2009 as H1 revenue dips
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Musical Chairs: High Profile Kirkland Hire Draws Criticism
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Firm Focused on Flextime and Lower Billing Rates Opens in DC and LA
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Legal Recruiter Made Me Cry
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Watch Out for the Bus!
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Technology Impacts How Lawyers Represent Clients
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Weil, Clifford Chance act in AIG Private Bank sale
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Duquesne Ousts Law Dean
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Somali Piracy & the Law: The Lawyers at the Center of the Storm
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Downturn Could Make Recommended Legal Staffing Ratios a Reality
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Kirkland & Ellis Sends Holiday Party Reminder: K&E Associates Send Bonus Reminder
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Even Lawyers Cut Back on Restaurant Meals
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Judges:

If Auto Bailout Bill Passes, Judges Get a COLA
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Former N.Y. Justice Indicted on Bribery Charges
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Judge Banned from Bench for Treating Staff Like Servants
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Ex-Judge Suspended After Pot Bust
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Wall Street:

US Stock Futures Drop on Jobless Claims, Wider Trade Gap
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Mixed Day in European and Asian Markets
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Wall Street Expects Jobless Claims to Rise
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Energy, Financials in Tug-of-War
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Goldman's London Staff Faces Cuts
(WSJ: separate paid subscription required)

The next shoe to drop
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What's Thain's future anyway?
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Wall Street's Pawnbrokers
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Autos:

Three-Month Bailout: The Wrong Fix
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Beware some very angry G.M. bondholders
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House Approves Automaker Bailout, Sends It to Senate
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GM, Chrysler Short of Time as Senate Debates Rescue
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Bankruptcy Doesn't Equal Death
(WSJ: separate paid subscription required)

Detroit Aid Faces GOP Opposition
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Forecaster Says Ford and G.M. Can Survive
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Auto Bailout Plan Will Hit Senate Snag, Lawmakers Say
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One word snags auto bailout in Washington
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The Dems’ Detroit Dilemma: To Cave or Not to Cave on Emissions?
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White House Loan Deal For Not-So-Big Three Is " Bankruptcy Lite"
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Bridge to nowhere
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"Credit Crisis II" feared if US carmakers fail
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GM Board Member:Challenges 'Monumental,' Wagoner Should Stay
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How to Deal With GM's Bondholders?
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McConnell: Bailout votes aren't there
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Ky. Sen. Bunning criticizes proposed auto bailout
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Sen. Grassley: Section 18 of auto bailout bill would bailout tax shelter participants
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Vitter takes lead in opposition to auto bailout
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Republicans set to frustrate US car bail-out
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Chrysler veteran fears politics hurting automakers
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Analyst: Chrysler can't survive even with aid
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GM Is Doomed Without Big UAW Give-Backs
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GOP Attacks Labor in Alternative Auto Bailout Plan
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Most Union Members Oppose Big Three Bailout, New Poll Finds
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Poll: More Public Disdain for Detroit's Big 3
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Midwest credit unions pledge $10B in car loans
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Business dead, car dealers say they deserve help, too
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Will Auto Co. Credit Default Swaps Get Swamped?
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Ford's gamble to leverage assets for debt pays off
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Donald Trump's plan for the auto industry
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The Steve Taub Auto Bailout Plan
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Hundreds line up for jobs at former Heard dealership
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Hawaii auto dealers slash 750 jobs amid plunging sales
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New York jobs at risk if carmakers crash
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Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford
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Toyota Sees World Sales Drop Second Straight Year
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Czech car makers to lay off 13,500 workers
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Global Recession Hits Indian Auto Industry
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Sweden Ties SK28 Billion Aid Package for Volvo, Saab
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German Auto Industry Seeks Government Help
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Gambling:

Vegas Strip revenue dropped for 10th straight month, down 26%
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Cards Fall In Vegas
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Atlantic City casino revenues fall 7.8 pct in Nov.
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Station, Harrah's to bondholders: Help us refinance
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Restructuring advisers may speed sale of Tropicana
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Politics:

Before handouts, big firms bankrolled conventions
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Insurance:

XL, Bermuda's Biggest Insurer, Is Said to Seek Buyer
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XL Capital shrinks as Goldman reportedly hired as adviser
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AIG puts off asset sales until new year
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Economy:

Wholesale Inventories Fall Sharply
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US Jobless Claims Soar 58,000 to a 26-Year High
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Is the Jobs Panic Justified?
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Lawmakers rap Treasury on bailout plan
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Report: Public needs know how banks use bailout funds
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Kashkari takes Congress' tongue-lashing in stride
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Tough Questions on TARP
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Federal deficit on pace to reach record $1T
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Worsening Spending Slump Paces ‘Scary’ US Recession
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Recession to worsen, deflation a risk: report
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US deficit climbs to $402 billion
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Fed Explored Starting Sales of Bonds as Balance Sheet Grows
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Fed-issued bonds would make world riskier
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As economy worsens, Congress hurries up and waits
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Economists foresee a recession for the ages
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Discover consumer index driven lower by pessimism
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Treasury Bubble Talk Grows as US Gets Free Money
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Socialism for the Rich
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Port of common sense amid a storm of too-perfect excuses
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World Bank sees global recession in 2009 on consumer pull-back, credit crunch
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Economists see longest U.S. recession since 1947, survey says
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Business Outlook Survey: Rock Bottom
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Real Estate:

Fighting Foreclosures, F.D.I.C. Chief Draws Fire
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Mortgage applications down from prior week's surge
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Foreclosures dip - but hold the applause
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Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail
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Forecast: More Than 8 Million Foreclosures By 2012
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Massachusetts SJC to Subprime Lenders: Clean Up Your Own Mess
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Mass. High Court Upholds Order Restricting Subprime Lender From Foreclosing
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GMAC Warns It May End Effort To Gain Bank Status
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Abandoned McMansions continue to litter suburbia
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Regulator: Mortgage Rates Could Drop to 4 Percent
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Fighting Foreclosures, F.D.I.C. Chief Draws Fire
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Bankruptcy looms ever larger for giant lender
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Goldman analyst raises D.R. Horton, Toll targets
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Fitch Downgrades LoanCare's Resi Servicer Rtgs; On Rating Watch
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Fannie, Freddie May Waive Appraisals for Refinancings
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Mortgage fraud is booming business for prosecutors
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Hawaii couple offers $100,000 to find homebuyer
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Tempe Land creditor files for relief
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AG seeks to protect Texans from foreclosure rescue scams
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Retailing:

Office Depot to close 112 stores, 2,200 jobs
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A Very Anxious Christmas for Toys 'R' Us
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Fitch downgrades mall owner
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Time Warner could feel pressure of retailer woes
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Linens files liquidation plan
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More data show shopping retreat after Black Friday
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Tweeter Trustee Trying To Reopen Stores
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Costco net flat on 1% higher same-store sales
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General Growth desperate to unload Ward Centers
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Oil/Gas:

Oil Rises on Speculation Auto Plan to Help Boost Energy Demand
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IEA: World Oil Demand to Contract
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Saudis Signal Deeper Oil Output Cuts Than Expected
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SemGroup filing disputed
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Layoffs:

Chase offers $400,000 in Chicago factory sit-in
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Bank Says It Will Consider Loan to Pay Workers in Factory Sit-In
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Chicago workers end sit-in at closed factory
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Trickledown Downsizing
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Yahoo Layoffs Begin
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Stanley Works to cut 2,000 jobs, close 3 plants
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NPR to lay off 7 percent of staff
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NFL will sack 14% of its work force
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Mack Trucks to lay off 180
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Derivatives:

Auto bailout could trigger credit swaps settlement
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Aracruz Faces $2.13 Billion Deadline Over Derivatives
(DBN Subscription Required)

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Lehman:

Lehman Sells Neuberger for $1.2 Billion in Stock
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DBS Sued Over Sale of Lehman Notes to Retired Couple
(DBN Subscription Required)

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Radio:

NPR Announces Cuts To Staff, Programs
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Banking:

Strongest U.S. bank? It’s not B of A or Wells Fargo, analyst says
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Bankers spin on credit crisis: Hoocoodanode?
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Commodities:

Bust in commodities sowing seeds for next boom
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Student Debt:

Sallie Mae sees loan write-offs rising in 2009
(DBN Subscription Required)

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Sports:

The Financial Crisis Reaches a New Arena: Professional Sports
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Food:

Court Confirms Pierre Foods Plan of Reorganization
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Distressed Investing:

Apollo and Cerberus buyout units look endangered
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Fraud:

Tom Petters' lifestyle anything but cheap
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Credit Cards:

Alaska Tops Nation In Consumer Bankcard Debt
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Corporate Governance:

Delaware Corporate Governance--Views from the Bench
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Mass Torts:

Asbestos suit must move to Maine: Texas court
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