Law:
Chapter 11 lawyers aren't flying high yet
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Dreier Firm Founder May Be Forced to File Personal Bankruptcy
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Dreier: ‘He Would Eat One on a Stick, With its Heart Still Beating’
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Dreier’s Extravagant Lifestyle: ‘Dazzling’ Homes and $200K Secretaries
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Judge OKs Ch. 11 trustee for Dreier
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'Commingling' Concern Raised Over Dreier Assets.
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Happy Holidays for Howrey Staff: Firm Gives $1K Across-the-Board Bonus
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Bonus Watch: Hogan & Hartson Keeps D.C. Interesting
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Bonus Watch: Quinn Emanuel Rewards Busy Bees
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Bonus Watch: McKee Nelson Gets Funky With It
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King & Spalding Out of Proposed Thacher Acquisition
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Sonnenschein Saves 100 Thacher Proffitt Lawyers
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Wall St. Firm’s Lawyers Are Acquired, but the Firm Is Not
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Thacher Loses Litigation Chief to DLA Piper
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Welcome to the Future: Leadership, Accountability & Swimwear
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Law firm fees defy gravity
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Silicon Valley Slump Forces Firm to Halve First-Year Associate Class
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New Clients and Enhanced Fee Opportunities in Today's Market
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The Billable Hour - Rumors of its Demise
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Wilmer Cutler Partner Tops the List for No. 2 Slot at DOJ
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Will Tough Economy Push Companies to Outsource Legal Work?
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Melvyn Weiss Disbarred
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Experts Don't Expect Billion Dollar Jackpots in Madoff Litigation
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Subprime Lawsuits Already Up 50% and No End in Sight
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Paul Hastings lawyer suspended over insider dealing claims
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Dealing With A Difficult Boss
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Supervision Eased for Arent Fox Partner Charged With Obstruction in Murder Case
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Economic Crisis Shifts Asian Spotlight to Litigation
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Good Samaritans & the Law: Cali Court Establishes Liability for Rescuers
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RIAA to Stop Suing Over Music Downloads; ISPs are New Copyright Cops
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Judges:
Judge Reprimanded for Letters to Publisher
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Quick Nick: ‘I'm a judge! Just lay down, we’re going to wait for the police’
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Former Texas Judge’s Daughter, Grandkids Murdered; In Retaliation for His Case?
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Wall Street:
Stock Index Futures Signal Slight Losses
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U.S. stock futures volatile at start of holiday week
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Stock Investors Lose Faith
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Hong Kong stock index falls 3.3 percent
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UK Stocks Decline
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Taiwan Stocks Slump as Global Recession Damps Exports
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Bonuses of Currency Traders Fall Least on Wall Street
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NY gov: Goldman's lost bonuses cost state millions
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Big No Longer
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Money market funds reel as yields near zero...
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Thain Failure to Rescue Merrill Shareholders Messes Mr. Fixit
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Autos:
Bush throws lifeline to US automakers
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Auto Rescue May Be Bridge to Nowhere
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Are the short-term loans for automakers a waste?
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Credit Slips: More on the Auto Bailouts
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GM, Chrysler Face To-Do List of Cutting Debt, Jobs
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GM Prepares Ground for Post-Holiday Talks With UAW
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UAW will be able to wait out demands
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Detroit's Fall Gives Power to Rival Dixie
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Auto Bailout: The Southern Stake
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Ford Errant Forecasting Hits Investors Missing Promised Profits
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What help for automakers means for workers, consumers
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Downturn Will Test Obama’s Vision for an Energy-Efficient Auto Industry
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Unions pose difficult political test for Obama
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Chrysler considered at risk, despite aid
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Uncertainty Grows Over Parent’s Role in Chrysler
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Long day's journey to deal for automakers
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Michigan prepares for next financial challenge
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Ohio GM plant closing to leave 1,080 workers idle
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Car Makers Face Urgent Problems, Even With Government Bailout
(WSJ: separate paid subscription required)
Auto Bailout Was A CYA Move
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GM and Chrysler Get Their Bailout: Will It Save Them?
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Offer Ford a Bridge Loan to Buy GM Assets
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US auto bailout fails to enthuse auto parts makers
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The auto bailout doesn't demand nearly enough
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Obama warns automakers to make key reforms
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Dealers may have the upper hand as automakers look to consolidate
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CarMax swings to 3Q loss as sales fall
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Cheney chides Congress over auto bailout
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Canada Gives Billions For Auto Help
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$4B auto aid package not enough, experts say
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Toyota Forecasts Its First Operating Loss in 71 Years
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Hyundai, Kia slash 2008 sales forecast
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SKorea's Ssangyong Motor may delay paychecks
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Jaguar Land Rover set to be rescued by Tata Motors
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Personal Finance:
Top 9 Good Habits For A Deep Recession
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Recession? Time to Slash the Flower Budget
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Beware of bogus debt relief
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As economy falters, more people giving up pets
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Economy cuts immigrants' trips home
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Pensions:
In Need of Cash, More Companies Cut 401(k) Match
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Taxpayers get to cover CalPERS risky bets
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Royal Dutch Shell Pension Fund Meltdown
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Oil/Gas:
Price of gas hits lowest point in 5 years
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Oil edges above $43 on US auto bailout, rate cut
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Oil Is Steady as OPEC States Resolve to Implement Output Cuts
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The Good, The Bad, And the Inaccurate Oil Forecasts
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SGLP's creditors will wait
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Resorts:
Paradise, Jolted by the Financial Crisis
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Media:
National Amusements' Lenders Look the Other Way
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______________
Alternative Energy:
Financial meltdown slowing wind-power boom
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Plunging profits trump ethanol's previous fears
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Attorney Accused of Cheating Ethanol Client
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Banking:
Study: Bailed-out banks awarded $1.6 billion to execs
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Junk Bonds for Bankers’ Bonus Season? See You in Court . . .
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Moody's puts Bank of America ratings under review
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Citi's US card business rating cut by Moody's
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Education:
Private Colleges Worry About a Dip in Enrollment
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Newspapers:
Newspaper Shuns Web, and Thrives
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In Denver, a Web Site Tries to Save a Newspaper
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Economy:
How to spend $350 billion in 77 days
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Congress Ready to Tap $350 Billion in Aid, Frank Says
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TARP II, The Sequel
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Where did the bailout money go? Banks won't say
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Is the Medicine Worse Than the Illness?
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Obama Expands Recovery Plan, Aims for 3 Million Jobs
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A Trap in Obama’s Spending Plan
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Dems Try to Lower Expectations
(WSJ: separate paid subscription required)
Biden to Run Middle-Class Task Force, Advise Obama
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After Auto Rescue: Bailout Fund Is Under Fire Again
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Bailout billions hang in balance
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Biden: U.S. Economy in Danger of 'Absolutely Tanking'
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Obama: Recovery will take years
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As Outlook Dims, Obama Expands Recovery Plans
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Missing the Target With $700 Billion
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IMF Head Fears Deeper Global Slowdown In 2009
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CFOs’ outlook darkens further
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Don't expect this to be a year of recovery or even shoring up
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Great Recession of 2008 Rivals Most Others
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Calif. unemployment rate jumps to 8.4 percent
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______________
Real Estate:
White House Philosophy Stoked Mortgage Bonfire
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Still Home for the Holidays, When Evictions Halt
(DBN Subscription Required)
State foreclosure moratorium laws are not achieving their goal of forcing lenders to modify loans with borrowers
(DBN Subscription Required)
One in Three Modifications Result in Lower Payment
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'Angel' of foreclosure defense bedevils lenders
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Developers ask for federal bailout, too
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Moody's Puts $76 Billion In Comml CDOs On Watch For Cuts
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The Commercial Real Estate Bailout
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Icahn Won, So He Loses
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Citibank Sues Sheldon Solow for $67 Million
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Dwindling capital weighing on commercial construction
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Intermediary files bankruptcy
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______________
Fraud:
Firm Built on Madoff Ties Faces Tough Questions
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Don't Be Scammed by Madoff Investor Sob Stories
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Madoff Scheme Kept Rippling Outward, Across Borders
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Madoff Strategy Dwarfed Market in Trades ‘Never Done’
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What Did We Learn From Madoff ?
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SEC has been slow to react to fraud claims
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SECer: Agency "In A State Of Complete Panic" Over Madoff Revelations
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Madoff Exposes Double Standard for Ponzi Schemes
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Did Madoff investors overlook the obvious?
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Bring Us The Bodies
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Fischer Says Madoff Shows How Smart Investors Missed Crisis
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UBS fund invested $1.4 billion with Madoff
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A Ponzi scheme that grew until the world was NOT BIG ENOUGH
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Merry Christmas! Oh, by the way, you’re flat broke
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Bad news for investors, good news for lawyers
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FBI Agents Shifted From Terror Work to Madoff , Subprime Probes
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Forensic accountants on hunt for Madoff's billions
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Was Made-off Legit As Late As 2001?
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'Ponzi' losses stun S. Fla. clients
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D.C. Toll Runs High In Madoff Collapse
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Bernard Madoff Scandal Spreads In Connecticut
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US Ponzi Operator Madoff's "Man" in Spain
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Abu Dhabi wealth fund may be Madoff victim
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Trust was undoing for many charities
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Jewish groups reeling over Madoff scheme
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Does “Jewish Heritage” Make Someone a Flight Risk? The Feds Say Yes
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Madoff’s Clients
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MassMutual Burned by Madoff
(WSJ: separate paid subscription required)
Exclusive NY synagogue members lose collective $2 billion
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Charities burned by Bernard Madoff and Ponzi scheme may have to close
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Madoff Scam Hits Harvard Medical School Grants
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Tufts Adds Itself To The Madoff Body Bag
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Bad Year Gets Worse for Eliot Spitzer: His Real Estate Firm Invested With Madoff
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Madoff : As Consistent a Golfer as He Was an Investor
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Swindled TV Actor Strikes Back: Creates Ponzi Scheme Series
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Gov't Toughens Bail Conditions For Madoff
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A Scheme With No Off Button
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In New Jersey, garden-variety Ponzi schemes bloom, too
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Municipalities:
Schwarzenegger Will Order Two Days Unpaid Leave for State Employees
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Detroit mayor: Deficit nears $300M, cuts ordered
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Bankruptcy protection for Hoboken?
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A Reeling City Is a Snapshot of Economic Woes
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Religion:
Archbishop warns of dangers with economic dogma
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Corporate Reform:
SEC struggles to deal with USA's complex financial industry
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______________
Credit Cards:
New credit card rules can’t take effect fast enough
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S&P cuts long-term ratings on American Express
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Web Sites:
A Word Insolvent Companies Avoid
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Silicon Valley:
Christmas shut-down in Silicon Valley; Downturn prompts office, factory closures plus enforced holidays
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Washington Is Killing Silicon Valley
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Hedge Funds:
Change Ahead for Hedge Funds
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Financial Literacy:
Debt concepts a challenge for many in U.S.
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Defaults:
Expectations of high-yield defaults may be too low: report
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Companies seeking loan amendments up sharply this year
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______________
Theme Parks:
What's future of Hard Rock Park?
(DBN Subscription Required)
______________
Insurance:
D&O Insurance: Corporate Criminal Investigations
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Insurer of last resort gains numbers in downturn
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Prudential Financial downgraded
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Beavers:
Latest downstream victim of credit crisis? Beaver trappers
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Electronics:
The Consumer Electronics Inventory Glut
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______________
Food/Drink:
Darden Restaurants downgraded
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______________
Sovereign Debt:
Ecuador president says will meet many debts
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______________
Shipping:
Eagle Bulk Shipping stock plunges
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory
Chapter 7, 12 & 13 Private Trustee Locator (DBN Subscription Required)
Recent Ch. 11 Filings (DBN Subscription Required)
Bankruptcy Jobs:
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Retailing:
A City That Shopped Till It Dropped
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Circuit City in court for bankruptcy financing hearing
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Retailers Look to Capture Night Owls
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Shoppers bring haggling skills to the mall
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Holiday Slump Threatens Small Retailers
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Struggling to Survive at the Mall
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Sales lure late shoppers, retailers fret
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Retailers: The Good, The Bad, The Indifferent
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Bankruptcy Reform:
BAPCPA Gag Rule Found Constitutional by Fifth Circuit
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Did Bankruptcy Reform Fail?
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Prof. Jean Braucher, University of Arizona, Article on BAPCPA
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Enron:
Enron Ignored
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Aviation:
Delta CEO: Bankruptcy helped
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Layoffs:
Extended Benefits Are a Lifeline for Many Unemployed
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Jobs, Benefits: Grim Outlook
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Layoff Notices Burn Up Presses
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More Companies Cut Labor Costs Without Layoffs
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The Rise of the Four-Day Work Week?
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Employers using down economy as cover to cut fixed costs, say critics
(DBN Subscription Required)
Mass layoff events and initial claimants for unemployment insurance, December 2004 to November 2008, seasonally adjusted
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Sovereign Bancorp cutting 1,000 jobs amid downturn
(DBN Subscription Required)
_____________
Telecoms:
Innovative bidders to be named
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Equipment makers edge towards the end of the line
(DBN Subscription Required)
Worldspace owes $2bn
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______________
Health Care:
Hospitals under stress
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Grim Debt Prognosis At Health Nonprofits
(WSJ: separate paid subscription required)
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Arts:
Economy brings arts community chords of fear
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Passing of Baltimore Opera a sad sign of times
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Lehman:
Brokerages lose in Lehman deal
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AMD stung by Lehman default
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Lehman's rise and fall
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______________
Debt Collection:
Debt Recovery Prospects Darken
(WSJ: separate paid subscription required)
______________
Executive Compensation:
Wall Street tumble was preceded by financial bonanzas for bank executives
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Executive Pay: Time for a Trim
(DBN Subscription Required)
_____________
Finance:
Debt refinancing crunch looms
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Libor for Dollars Declines on Rates Near Zero, Liquidity Boost
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S&P cuts CIT Group's counterparty credit rating
(DBN Subscription Required)
______________
Gambling:
Wynn Opens New Lux Resort During Slump
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Losing Faith in Gambling's Allure
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______________
Accounting:
'Fair-Value' Accounting Isn't Fair
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In Madoff’s Wake, Scrutiny of Accounting Firms
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AICPA: No peer review of Madoff auditor in 15 years
(DBN Subscription Required)
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Predatory Lending:
Several studies find evidence for, against benefits of payday loans
(DBN Subscription Required)
CompuCredit in $114M settlement with regulators
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Hotels:
Restructuring distressed condo hotels
(DBN Subscription Required)
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Taxis:
Too many NY taxi drivers, not enough cabs for them
(DBN Subscription Required)
_____________
UK:
Jobs cut as liquidator seizes Madoff's UK fund
(DBN Subscription Required)
Bank of England surprised by severity of crisis
(DBN Subscription Required)
Insolvency rules to change in 2009
(DBN Subscription Required)
UK rate-setters hint at more cuts
(DBN Subscription Required)
Bankruptcies set to triple during economic downturn, Tories warn
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UK House Prices to Fall 10% in 2009
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A bad year for the High Street
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Customers put payment squeeze on suppliers
(DBN Subscription Required)
Worst festive retail outlook for 30 years
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If you think the retail sector is bad now...
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Bankruptcies expected to soar close to 33,000 this year
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EU:
European Industrial Orders Declined by Record 15.1% in October
(DBN Subscription Required)
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Middle East:
Kuwait's Global Says Creditor Response 'Very Good'
(DBN Subscription Required)
_____________
Germany:
Qimonda Gets EU325 Million in Loan to Avoid Collapse
(DBN Subscription Required)
Hypo Real Estate to cut 40% of workforce
(DBN Subscription Required)
German consumer morale holds steady as inflation slows
(DBN Subscription Required)
Germany’s Kiel Institute Says Economy to Contract 2.7% in 2009
(DBN Subscription Required)
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Canada:
Canada, Banks Reach Agreement on Commercial Paper
(DBN Subscription Required)
Mecachrome on brink of collapse
(DBN Subscription Required)
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France:
Crisis in the wine industry
(DBN Subscription Required)
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S. Korea:
Second-class debt attracts buyers
(DBN Subscription Required)
Koreans drown economic sorrows in soju
(DBN Subscription Required)
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Russia:
Oligarchs Seek $78 Billion as Credit Seizure Empowers Putin
(DBN Subscription Required)
An Oligarch's Struggle
(DBN Subscription Required)
_____________
Ireland:
Ireland Rescues Three Banks in EU5.5 Billion Bailout
(DBN Subscription Required)
Irish bank shares jump on bailout plan
(DBN Subscription Required)
Irish bargain-hunters invade Northern Ireland
(DBN Subscription Required)
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China:
China Cuts Key Rates for Fifth Time in Three Months
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Japan:
Shirakawa Says BOJ to Focus on Credit for Companies
(DBN Subscription Required)
Urban Corp. to Liquidate After Selling Off Two Businesses
(DBN Subscription Required)
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Argentina:
Argentine Economic Growth Likely Slowed in October
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