Law:

Heading Into 2008, Managing Partners Are Glum
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Hot Legal Jobs for 2008, bankruptcy in demand
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Summer Associate Forecast Brighter in '08
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As Confidence Falls, Law Firm Leaders Favor Non-Equity Partnerships
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Want To Help?
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Billable Hours By City (Or: Do New Yorkers really work harder?)
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The Mess in Mississippi: The Defense Shows Some Cards
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Scruggs' Lawyers Accuse Judge of Targeting Their Client in Bribe Case
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Study Shows Grim Outlook for Minority Law-School Enrollment
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Perk Watch: Good News for Parents, from Davis Polk and Arnold & Porter
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Insurer Wants Shield From $1.3M Damage Claim Against Lawyer at Center of TB Scare
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Lawyer-Client Relationships Can Arise From Legal Hotline Calls, N.J. Panel Rules
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BigLaw Lets Women Chart Their Own Course
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Appeals Court Slaps Down $1.5 Million Verdict for Woman Spanked at Work
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Allen & Overy Boosts Work-Life Credentials With Vacation 'Trading' Initiative
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Sullivan & Cromwell, E-Discovery Vendor Settle Lawsuits
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DA will seek to toss out indictment against Texas Supreme Court justice, wife
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Law firm goes 'virtual'
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Pedestrians Nabbed for Jury Duty
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Scammed Clients Seek Leniency for Convicted Lawyer
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Judge Sues Over Injury on Courthouse Steps
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Video Game: Harvey Birdman, Attorney at Law
(NYT: separate free registration required)

The hairiest man ever to complete a marathon
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Couple Say Bank's Lawyer Defamed Them
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Say What?!
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Wall Street:

Deal Fees Under Fire Amid Crisis
(WSJ: separate paid subscription required)

Default Fears Unnerve Markets
(WSJ: separate paid subscription required)

Merrill Writedown Grows
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Merrill Lynched By Subprime
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UniCredit acquisition of Merrill would be 'surprising'
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Merrill's Thain promises to scale back risk taking
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Dow Ends Down 307, Economic Angst Mounts
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J.P. Morgan CEO 'Open' to Deals In the Credit-Crunched Jungle
(WSJ: separate paid subscription required)

Chart-watchers predict S&P 500 plunge
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Stocks set to rebound from huge drop
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Stocks Fall After Bernanke Comments
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Asian Stocks Fall Sharply
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FTSE slides after sentiment turns sour
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Wall Street Bonuses Hit Record $39 Billion as Losses Multiply
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Banking:

PNC profit falls 53 pct, stock buybacks on hold
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Mortgages Weigh on Regional Banks
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Can WaMu Go It Alone?
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UBS to revamp investment bank
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Bank mergers? Give me a break
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Banks' Earnings Guidance Best Taken With a Bucket of Salt
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Write-Down Contributes to Profit Fall at Trust Bank
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The next banking crisis on the way
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Gambling:

Eichner's Las Vegas Resort Receives Notice of Default
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Project Default Pounds Perini
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Media:

Darker days for Air America?
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Municipalities:

Pontiac mayor fears city may fall into receivership
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Steel:

Rust Belt: drugs move in as steel moves out
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Personal Finance:

Bankruptcy hits the pocket book and self-esteem
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Food/Drink:

SFD negotiates for DIP
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Tech:

Pioneering tech firm Ampex may file for bankruptcy
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Techs could be slipping into gloom
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Real Estate:

Sorting Out the New Housing Market
(NYT: separate free registration required)

Wealthy may be next in line in home crisis
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Mortgage crunch slashes San Francisco home sales
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Countrywide Deal Has $160 Million Termination Fee
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Countrywide sets execs retention bonuses
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Countrywide May Be Bank of America's One Good Deal
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The Home Equity Crisis Ahead
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Creditors: New Century Probe Too Costly
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Housing Starts at 16-Year Low
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A way out of the subprime funk
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Irvine Apartment Developer Files for Bankruptcy
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What Goldman knew that others didn't
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Lehman to Cut 1,300 Mortgage Jobs
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Mortgage Rates Hit 30-Month Low
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Mortgage lenders are helping borrowers avoid foreclosure: MBA
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Homebuilder's trustee, lenders square off
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Foreclosures 60 percent higher than home-loan modifications
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Dallas-Fort Worth home foreclosure filings jump 31%
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WA: 'Housing security' bills put on fast track
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Fitch: Modest Climb for U.S. CMBS Delinquencies in 2008
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Mortgage mess impacting commercial real estate lending
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Eagle Crest Homes Files for Protection
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Cantern seeks DIP loan
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ComUnity files for bankruptcy
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Why mortgage insurer MGIC fell 76%
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Appraiser in $41M Georgia Fraud Explains US Mortgage Meltdown
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Stoneridge To Let Subprime Villains Off The Hook
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Economy:

Congress Asks Bernanke What to Do
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Housing Slump Deepens, Manufacturing Index Slides
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US weekly initial jobless claims fall 21000
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Manufacturing report at 6-year low
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The odds for a U.S. recession just went up
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Fed's Fisher: Ready to ease if inflation calm
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Bernanke endorses quick, temporary fiscal stimulus
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Bush to lay out stimulus ideas Friday
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No Stimulus Gimmicks, Please
(WSJ: separate paid subscription required)

Tax rebates of up to $800 being considered to boost economy
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Bush plan to include big deduction for new equipment, say sources
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Mass. economy slowed sharply in 3Q
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Recession: State by State
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California's sweeping budget cuts draw fire
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America needs economy that works for all people
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Aviation:

Air France-KLM plays cupid on the US tarmac
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Where is US Airways in all the merger talk?
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Merger could cost Northwest $215 million if it moves hub
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Delta-Northwest alliance a divisive idea on the ground
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Adam Aircraft seeks $75M to $100M
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Currency:

Commodity currencies at risk as slowdown looms
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Plastics:

2 cities anxious about the future
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Hedge Funds:

Sailfish Fund Loses Half Its Assets
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Hedge funds shaping the future of corporate IR, study finds
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Ex-Amaranth COO Lands at Hedge Fund
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Furniture:

Domain looking to restructure
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Apparel:

London Fog set to blow away
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Retailing:

Retailers Sink Into the Doldrums
(WSJ: separate paid subscription required)

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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
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Warren: Financial Life and Death--and Something in Between
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Bonds:

MBIA, Ambac Tumble, Default Risk Soars After Losses
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Ambac told to stop capital raising plan
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You Should Worry About Ambac
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S&P's gloomier mortgage view puts more pressure bond insurers
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MBIA Expects to Meet S&P Standards
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Monoline Insurers Sink On Credit-Rating Reviews
(WSJ: separate paid subscription required)

Ratings Fears Slam Ambac
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Bond Refundings to Soar Through 2014
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The Demise of Bonds
(NYT: separate free registration required)

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Finance:

Bankruptcy exit financings hit
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Bankruptcy Reform:

Bernanke - Doesn't Comment On Bankruptcy Legislation
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Obama vows to change bankruptcy laws
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Bringing bankruptcy home
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Sen. Brown Seeks Bankruptcy Reform
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Health Care:

Hospitals Prepare for Medicaid Changes, More Bankruptcies Possible
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Lower reimbursements undercut OMI
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Hospitals drive hard bargain
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Hospital union protests firings
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Autos:

Delphi wins over unsecureds
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Delphi moving toward bankruptcy exit
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GM Details Its Turnaround Progress and Outlines 2008 Priorities
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GM to Cut Annual US Labor Costs $5 Billion by 2011
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Delphi Signs Sale Agreement for Wheel Bearings Business
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Centrix wins OK on statement
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2008 sure to be 'a crummy year' for automakers
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GM's chief says automaker is prepared for a downturn
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Firm's failure may wreck warranties
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GM to offer buyouts to more than half of US hourly workers
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All GM workers to get buyout offer
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Corporate Reform:

Brocade - The Reyes sentencing: Notes from the downfall
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Enron:

Ruling keeps Enron investors' hopes alive
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Attorneys press Supreme Court to hear Enron investor suit
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Art:

Salander-O'Reilly relents on art
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Judge Approves Financial Arrangements of Reorganized Salander-O'Reilly, Declines to Name a Trustee
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Salander, Gallery Agree to Move Art From Homes to Warehouse
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Commodities:

Is the Commodity Bubble Bursting?
(NYT: separate free registration required)

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New Star Posts Record Drop as Clients Withdraw Funds
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UK:

Cameron Favors Reorganization for Northern Rock (Update1)
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Rock nationalization denounced by Tories
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Germany:

Subprime could suck in insurers: Germany's BaFin
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Japan:

Debts left by failed firms rise for 1st time in 7 years
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Russia:

Company's bankruptcy creditor killed
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China:

Chinese banks' bad loans drop
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Canada:

Scenes from a meltdown: Inside the collapse of a printing giant
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