Law:
Firm to layoff 95
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Firm raises associate salaries
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Another Firm Axing Up to 42 Lawyers, 53 Staffers
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Orrick Plays 'Hide the Logic' During AmLaw Interview
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And Then There Are Stealth Layoffs: BigLaw Nudging Associates Towards the Door
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Firm axes 31 lawyers
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Got an Offer? Grab It, Recruiter Tells Would-Be Summer Associates
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Layoff Watch: Greenberg Traurig Tells Real Estate Associates To Take A Long Weekend
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And Speaking of Job Loss. . .
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Layoff Watch: 20 Gone From Moore Van Allen As Charlotte Continues To Fade
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Staff Layoffs at Edwards Angell Palmer & Dodge These Things Never Happen On Boston Legal
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Layoff Rumor: TPW to Cut Structured Finance Department
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Craig to be WH counsel
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The Lawyers Who May Run America
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NY Bar Exam Pass Rate Hits Historic High
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UK court criticizes transatlantic legal deal
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Judges:
US Supreme Court to hear case regarding W.Va. Supreme Court
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Judge Resigns; Police Said She Used Racial Slurs
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Scalia Apologizes for Wrongly Scolding Lawyer over Missing Statute
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Connecticut Loses A Bankruptcy Judge
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Wall Street:
Stock futures slip
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Stock futures signal gains, automakers eyed
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Global stocks shaky amid economic woes
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Asian Stocks Decline as Japan, Hong Kong Slide into Recession
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UK Stocks Fall on Report Economy Will Shrink; Retailers Drop
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Wall Street ends turbulent week sharply lower
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Wall Street sells off as consumers snap wallets shut
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"Sooner rather than later, someone was going to identify me, along with a lot of people more or less like me, as a fraud."
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Goldman Targeted by Investor Complaints of Naked Short-Selling
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Ameritrade, Schwab Trades Rise as Clients Flee Funds
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Market Bottom? For Some Investors, It's Close Enough
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Analysts cuts estimates on Goldman, Morgan Stanley
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JPMorgan Plans Thousands of Job Cuts Worldwide
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Executive Compensation:
Goldman CEO, 6 others forgo 2008 bonuses
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Goldman penance now could save future bonuses
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Main Street to Wall Street: Give up the bonus checks for good!
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UBS Adopts New Exec Pay Model, Axes 2008 Bonuses
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Bonuses: Will anyone get them or deserve them next year?
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Bid to Limit Bonuses May Be Stymied by Contracts
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Casting a jaundiced eye over what the boss is paid
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Autos:
Senator Shelby Opposes $25 Billion to Aid Automakers
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Pelosi outlines aid package for US automakers
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Obama Calls for Aid to US Auto Industry, With Conditions
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Sparks fly over auto bailout
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GM and assembly line journalism
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Toyota, BMW, Hyundai Workers' Senators Oppose US Auto Loans
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Toyota's Credit Rating May Be Cut as Fitch Reviews
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GM posts a video of what will happen if it collapses
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GM Sells Suzuki Stake for $230 Million
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Here's How Much Chrysler Needs Bailout
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Just Say No to Detroit
(WSJ: separate paid subscription required)
If Detroit Falls, Foreign Makers Could Be Buffer
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Bailing out the carmakers: Just say no. Period
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Showdown looming in Congress of automaker rescue
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A Solution for General Motors
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The Autos and Mentality That Ruined Detroit
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US auto sector bankruptcy would devastate: GM CEO
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Peak Oil, Cars, and Depressions
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Levin: Wagoner should leave if it ensures aid
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Auto shakeup: Start at top?
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US Auto Industry Needs an Emergency Bankruptcy
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How to Save the Auto Industry (and make America a better place!)
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If they fail, let them: As harsh as it sounds, bankruptcy court may be the best option for the Detroit Three
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Supplier woes put auto industry in danger
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Senate will take up $25 billion auto bill Monday
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Ross Warns Bankruptcy Won't Help Auto Makers
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Why Ross is making a case for a GM bailout
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Detroit is going down -- if not now, eventually
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Carmakers Not Qualified for Previous $25 Billion?
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GM, suppliers: Trapeze artists with no net
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Stimulate Car Buyers, Not Car Makers
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Why the US Automakers Should Get a Bail-Out
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GM Steps Up to Soup Line for Treasury Handouts
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'Dumbest People' Industry Image May Cost Wagoner Job
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UAW head says that unions aren't to blame for Detroit's problems
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Bloated benefits for unions are sinking automakers
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UAW Faces Prospect of Concessions
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Union rules out concessions
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As GM Goes, So Goes Indiana?
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Where's the love? I never knew Detroit was a dirty word
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Chrysler paying big bonuses to execs who stay
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How High Gas Prices Can Save the Car Industry
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Rowland Motor runs out of gas
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Auto leasing goes back to 'how it was in the old days'
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Dealer Claims Chrysler Is Ruining Him
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Car maker Opel seeks help from German govt
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UK car industry presses Government for aid
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Calls grow for more help for German automakers
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Germany doesn't want blanket auto sector aid: FinMin
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Canada Can't 'Ignore' US Support to Carmakers, Harper Says
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Australian Car Dealers Sell at Cost Price as Credit Freezes
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Derivatives:
White House takes aim at derivative market
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Credit-Default Swap Clearinghouse to Be Running by Year-End
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Lehman:
Lehman wind-up leaves Enron pale by comparison
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Lehman Europe says some creditors may lose money
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Morgan Stanley says Lehman-linked notes worthless
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Lehman Bros administration costing £4m a week
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Lehman creditors facing 10-year wait
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Hong Kong to investigate Lehman
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The Creditors of Lehman Can Do Little but Wait
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Food/Drink:
Creditors want Agri case moved to Iowa
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Agriprocessors' former leader arrested again
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Agriprocessors official charged with bank fraud
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Oil/Gas:
Crude falling despite news of another OPEC meeting
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Crude Oil Falls as Global Slowdown Cuts Demand in China, Japan
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Traders to collect big on slick bet
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OPEC wants oil at $70-$90 a barrel
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Wadleigh can tap financing
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The capital well is dry even for energy companies
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Predatory Lending:
FTC sues internet 'loan sharks' for deceptive lending
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______________
Credit Cards:
Lenders Cutting Credit Based On Where You Spend It
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Paulson Credit-Card Bailout Draws Growing Criticism
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Citigroup raising rates for some US cardholders
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Municipalities:
Mayors of Philadelphia, Phoenix seek bailout share
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How a gap in city's budget became a $1 billion canyon
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Goldman Sachs bets against California
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Facing Deficits, States Get Out Sharper Knives
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State owes $4 billion in unpaid bills
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Railroads:
Union Pacific says economy hurt 1,500 workers
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______________
Pensions:
More Bad News: Employers Cut 401(k) Matches
(WSJ: separate paid subscription required)
______________
Luxury:
In Hard Times, No More Fancy Pants
(NYT: separate free registration required)
______________
Health Care:
Monday's bids mark step into future for hospital
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Hospitals Write Off Increasing Amount of Bad Debt
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Pontiac can reject labor pacts
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Court date set for Carraway bankruptcy case
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State of confusion
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Employers Offer Workers Fewer Health Care Plans
(NYT: separate free registration required)
Economic stress not limited to finances
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In a Suicide, Crisis and Life Cross
(WSJ: separate paid subscription required)
An examination of U.S. healthcare under the Obama administration
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U.S. chronically ill most likely to go without care
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Economy:
Obama: Government Will Do 'Whatever It Takes' to Revive Economy
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Obama backs global response to crisis: advisers
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Obama-Pelosi Stimulus May Fail to Reignite Economy
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Change it's hard to believe in - Warren
(NYT: separate free registration required)
US Consumer Sentiment Index Stays Near 28-Year Low
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Long, painful recession is likely - economist survey
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Roubini's Latest "Why Things Are Hopeless" List Hits New Record, 20 Items
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Recession Will Be Less Damaging Without Bailouts
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Fed official in Ohio says nation in recession
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Prices May Have Tumbled as Economy Sank
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Never bet against the American consumer - Until now
(NYT: separate free registration required)
Let's Have Another Cup of Coffee
(NYT: separate free registration required)
A Rescue Plan Without Taxpayer Money
(NYT: separate free registration required)
GOP Senator: Paulson may have given bailout money 'to his friends'
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Pull away blanket of secrecy on federal bailout
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The Right Kind of Bailout
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Banks balk at limits
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Bailouts must come with strings, say officials
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The next great bailouts :)
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Genworth in deal to buy bank, seeks TARP money
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TARP and Fed facilities unravel
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Tarp goes same way as superSIV
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AIG bailout boost changes rescue plan
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Flurry Of Firms Apply For US Treasury Funds By Friday Deadline
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New Yorker Nominated to Monitor U.S. Bailout
(NYT: separate free registration required)
A Recession Can Clear The Air
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Depression 2009: What would it look like?
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When billions become trillions
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Bernanke Says Central Bankers Ready for More Actions
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Consumers cut back sharply on spending
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More Gloomy Economic Reports Are Coming
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Europe in recession, U.S. in pain as world leaders meet
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World leaders dine in style as they discuss financial crisis
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World leaders show unity, vow to do no harm
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World Crisis Plan Criticized as Trading Dawns
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Awaiting verdict on world leaders' crisis plan
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IMF needs more money
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Will the Safety Net Catch Economy's Casualties?
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Economic meltdown seeping into Texas
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Real Estate:
Sex, Lies, and Subprime Mortgages
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Homeowner Says Bank Took Bailout Money So It Must Negotiate New Terms on Foreclosure
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Freddie: $25B loss, taps tax dollars
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Freddie Mac asks for $13.8bn lifeline
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Mortgage Applications Increase Nearly 12%
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Home Sales Fall 19% From September to October
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Countrywide Sanctioned over $55,000.00 for Bankruptcy Abuses
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Apollo's Realogy May Default on Loan, Offers to Exchange Debt
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Freddie, JPMorgan in Dispute Over Bad WaMu Loans
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FDIC says plan could help 1.5 million keep homes
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The Poor Victims
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Foreclosure Mess: Two Different Plaintiffs Claim to Own Same Mortgage
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How to Mop Up Foreclosure Flood
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FDIC Breaks With Bush Administration on Foreclosure Policy
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Kansas, 11 Other States Reach Agreement with Countrywide Financial Corporation
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Fighting the bank and winning
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U.S. household debt: $14 trillion
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Commercial mortgage lending comes to 'abrupt halt,' RBS says
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DBSI Failure Shows Spread of Turmoil
(WSJ: separate paid subscription required)
US subprime delinquencies spike as jobless climbs
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Massachusetts AG Wins Injunction, Right to Review Foreclosures
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The idiocy of the sell-side
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S.F. landlord Brugnara files Ch. 11 bankruptcy
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Bankrupt Renaissance is nearing profitability
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GA: Coastal developer files for bankruptcy
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Trading Down: Real Estate's New Reality
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Marblehead Bankruptcy: Bid to Save Key Project?
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Heyday to mayday
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Bonds:
Dexia agrees sale of US unit after huge loss
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Alternative Energy:
Once booming, now beaten down, ethanol enters a new era
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Ethanol start-up Mascoma sheds staff
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Construction on huge ethanol plant grinds to halt
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Indiana's ethanol industry is no longer a sure bet
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Obama will back ailing ethanol makers
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______________
Resorts:
Elite Yellowstone Club Can Barely Afford Food
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Ultrarich revolting over bankruptcy
(DBN Subscription Required)
______________
Aviation:
Economic slump extra drag for ailing airline industry
(DBN Subscription Required)s
Eclipse workers sent home without pay
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Teamsters Laud Members of Congress for Efforts to Save Frontier
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Frontier Airlines Posts Loss
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Alitalia canceling flights to save money-unions
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Air France to Cancel Up to 35% of Overseas Flights Amid Strike
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Airline goes broke as economic crisis bites
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Dark clouds loom for Indian airlines
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Stelios denies rumors of cash shortage
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Insurance:
Insurers Mull S&L Status
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Capital-hungry insurer agrees to buy a bank in order to get in on the Treasury Department's Capital Purchase Program
(DBN Subscription Required)
What Happens When Your Insurer Goes Under?
(NYT: separate free registration required)
Trading of Brooke Corp. shares halted
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Hoping to Retain Execs, AIG Ends Deferred Comp
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Timing all important in latest AIG negotiations
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End to AIG cleanup far off
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Inside the AIG-Fed swap meet
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Cuomo Investigating Colleges' Deals With Health Insurers
(NYT: separate free registration required)
Insurers seek delay of fair value reporting
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Firms Shiver as Premiums Rise
(WSJ: separate paid subscription required)
Lloyd's survival strategy offers 'bad banks' blueprint
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Corporate Reform:
Bankers Would Love to Kneecap State Regulators
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Americans Demand Wall Street Bonuses, Bankers' Heads
(DBN Subscription Required)
The Grand Inquisitor
(DBN Subscription Required)
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Tech:
Crisis Spreads to Tech Sector as Sun Plans to Cut Work Force
(NYT: separate free registration required)
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Consumer Debt:
Americans teetering on pile of debt
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Advertising:
Death of Detroit Would Wallop Ad World
(DBN Subscription Required)
______________
Trucking:
Bankruptcy judge balks at $600000 salaries at Gainey Corp
(DBN Subscription Required)
_____________
Magazines:
For Thousands of Laid-Off Mag Employees, a Hard Road Ahead
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______________
Newspapers:
Newspapers face fresh printing pressures
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Newspapers Jettisoning Top Talent to Cut Costs
(NYT: separate free registration required)
______________
Furniture:
American Home to hold liquidation sale
(DBN Subscription Required)
______________
Accounting:
New Fair Value Rule Is Weaker: Moody's
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E&Y sued over US Lehman audit
(DBN Subscription Required)
To weather the credit crisis and a recession, CFOs will have to unlearn much of what they thought they knew about capital structures
(DBN Subscription Required)
California county going after three ex-CFOs at Lehman - and i-bank's auditor
(DBN Subscription Required)
______________
Construction:
James Hardie's Earnings Decline by 26% on US Slump
(DBN Subscription Required)
______________
Consultants:
Kroll restructuring businesses spun out
(DBN Subscription Required)
______________
Motorcycles:
Harley shares swoon as analyst issues gloomy view
(DBN Subscription Required)
______________
Jewelry:
Gem Diamonds Loses Third of Its Value on Sales Slump
(DBN Subscription Required)
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Distressed Investing:
Lampert's Lament
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______________
Plastics:
Wellman changes plan
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Media:
Judge Allows Auction for Pappas' Television Stations
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______________
DIP Finance:
Investors Find Opportunities in DIP Financing Market
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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)
(DBN Subscription Required)
____________
Retailing:
New alarm over economy as retail sales plummet
(DBN Subscription Required)
12,000 retail stores to be shuttered next year: industry banker
(DBN Subscription Required)
US Retail Sales Drop in October by Most on Record
(DBN Subscription Required)
US Christmas sales could set dismal record
(NYT: separate free registration required)
Best Buy, Other Retailers Having Nightmares of a Blue Christmas
(DBN Subscription Required)
Lowe's Profit Drops as Consumers Worry About Housing, Jobs
(DBN Subscription Required)
BTWW Retail taps liquidators
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Bears rummage through retail aisles
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The Retailers Poised to Survive, Then Thrive
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General Growth's credit ratings downgraded
(DBN Subscription Required)
Your Mail in Rebate May Be In Jeopardy
(DBN Subscription Required)
Shops go to the dogs
(DBN Subscription Required)
Stores Count Seconds to Cut Costs
(WSJ: separate paid subscription required)
______________
Bankruptcy Reform:
Could bankruptcy judges save Detroit -- or your house?
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Allow bankruptcy to work on mortgages
(DBN Subscription Required)
Big banks shouldn't have an easier time getting financial relief than the customers
(DBN Subscription Required)
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Personal Bankruptcy:
Too Poor for Bankruptcy
(DBN Subscription Required)
$139.95 Appears to be the New Compensation for Social Security Number Disclosures in Proof of Claims
(DBN Subscription Required)
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Bankruptcy Statistics:
Downturn Drags More Consumers Into Bankruptcy
(NYT: separate free registration required)
It is surprising that bankruptcies have been so low outside the US
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Chapter 11 Analysis from Profs Warren and Westbrook
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Non-Profits:
Tight Times Even Tighter for Charities
(NYT: separate free registration required)
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Celebs:
Michael Vick's House And Other Property For Sale Under Bankruptcy Plan
(DBN Subscription Required)
______________
Finance:
Commercial Paper Finds Steady Ground
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Entrepreneurs Ask VCs for Cash Back
(DBN Subscription Required)
With Credit Tight, US Gives Small Business a Hand
(NYT: separate free registration required)
Barter Exchanges Catch On as Credit Tightens
(DBN Subscription Required)
Companies see rattled markets as a chance to buy back loans cheaply. Lenders are wary of letting them.
(DBN Subscription Required)
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Gambling:
Greektown Casino broke next month
(DBN Subscription Required)
Casino Capitalism
(NYT: separate free registration required)
Smoke is in the air again at Atlantic City casinos
(DBN Subscription Required)
St. Jo casino owner at bankruptcy brink
(DBN Subscription Required)
Good times gone as Macao casinos halted
(DBN Subscription Required)
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Fraud:
Bankruptcy fraud doesn't pay (again)
(DBN Subscription Required)
_____________
Banking:
Citi Plans To Cut 10%
(DBN Subscription Required)
Bank Lending Isn't Easing Crisis
(WSJ: separate paid subscription required)
BofA's Merrill Deal No Longer So Sweet
(WSJ: separate paid subscription required)
Bankrupt Franklin Bank had $500,000 in assets - and $500 million in liabilities
(DBN Subscription Required)
Illiquid assets still weigh down banks
(DBN Subscription Required)
FDIC May Alter $1.4 Trillion Debt-Insurance Program After Banks Complain The
(DBN Subscription Required)
Obama, PE and failing banks
(DBN Subscription Required)
HSBC Cuts 500 Jobs in Asia, Mostly From Hong Kong
(DBN Subscription Required)
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Telecoms:
Hawaiian Telcom Facing Financial Woes
(DBN Subscription Required)
Phone Company Hints At Bankruptcy
(DBN Subscription Required)
Cellphone Makers Brace for Shake-Up
(WSJ: separate paid subscription required)
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Sports:
As the Economy Worsens, Is There Money for Play?
(NYT: separate free registration required)
Poor Economy Starting to Shape Sports Landscape
(NYT: separate free registration required)
Cowboys have trouble winning financing
(DBN Subscription Required)
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Religion:
Deadline nears to file Catholic sex abuse claims
(DBN Subscription Required)
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Politics:
Economic Crisis Boils Democratic Message Down to Jobs
(DBN Subscription Required)
Democrat glee as Fed chief backs stimulus
(DBN Subscription Required)
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Layoffs:
Credit Suisse Said to Plan Job Cuts
(DBN Subscription Required)
Fidelity to cut 1,700 jobs in 2nd round of layoffs
(DBN Subscription Required)
______________
Bankruptcy Crimes:
Feds Targeting Bankruptcy Fraud
(DBN Subscription Required)
District court vacates conviction for not disclosing closed bank account; held false statement not material
(DBN Subscription Required)
______________
Hedge Funds:
Get Over The Hedge
(DBN Subscription Required)
Hedge funds shrivel - and hope to re-emerge
(DBN Subscription Required)
Few UK Hedge Funds Adopt Industry's Standards
(DBN Subscription Required)
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Utilities:
Credit crisis dims the lights for power industry
(DBN Subscription Required)
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Credit Counseling:
Business is booming for debt-consolidation companies
(DBN Subscription Required)
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Movie Industry:
Economy takes its toll on Hollywood
(DBN Subscription Required)
______________
Tax:
Indictment Links Deutsche Bank to Tax-Shelter Inquiry
(NYT: separate free registration required)
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Video Games:
Video game industry expects to thrive - Execs 'cautiously optimistic' during economic downturn
(DBN Subscription Required)
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UK:
Crunch spreads to credit
(DBN Subscription Required)
HBOS says nationalization a risk if Lloyds rejected
(DBN Subscription Required)
Homeowners overestimating house prices
(DBN Subscription Required)
City is biggest recession victim as new cull looms
(DBN Subscription Required)
Cancer Patients Lose Chance of Longer Life as UK Curbs Costs
(DBN Subscription Required)
Brown Preparing Tax Cuts to Boost Economy
(DBN Subscription Required)
Suppliers call for action over cash squeeze
(DBN Subscription Required)
Supply chain rescue plans on the rise
(DBN Subscription Required)
Wales at the sharp end of the downturn
(DBN Subscription Required)
U.K. Jobless Likely to Grow
(WSJ: separate paid subscription required)
Credit insurance tensions rise
(DBN Subscription Required)
Senior UK politician warns of run on the pound
(DBN Subscription Required)
UK Has No Alternative to More Borrowing
(DBN Subscription Required)
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Canada:
We're up to our eyeballs in debt
(DBN Subscription Required)
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EU:
Lazard predicts rise in European restructuring
(DBN Subscription Required)
EU faces recession threat
(DBN Subscription Required)
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Australia:
ANZ bank to axe more than 500 jobs
(DBN Subscription Required)
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Iceland:
Iceland agrees to guarantee some deposits
(DBN Subscription Required)
Could Iceland's crisis have been averted?
(DBN Subscription Required)
Bank crisis prompts Iceland rethink over EU
(DBN Subscription Required)
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Middle East:
Kuwait offers ill-conceived bailout
(NYT: separate free registration required)
______________
Japan:
Crisis sends Japan into first recession in 7 years
(DBN Subscription Required)
Japan's Service Demand Fell in September as Consumers Cut Back
(DBN Subscription Required)
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China:
How a Sweet Deal in China Turned Sour
(WSJ: separate paid subscription required)
______________
Ireland:
Ireland Facing Deflation in 2009 for First Time in Six Decades
(DBN Subscription Required)
______________
Spain:
Spanish property firm Tremon files for administration
(DBN Subscription Required)
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Ecuador:
Ecuador warning on debt payments
(DBN Subscription Required)
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Colombia:
Colombia to help irate pyramid scheme investors
(DBN Subscription Required)
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Germany:
Hypo Real Estate Post $3.87 Billion Loss, Forecasts Grim Outlook
(DBN Subscription Required)
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Mexico:
Mexico May Report Slowest Economic Growth Since '03
(DBN Subscription Required)
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France:
French Business Confidence Fell to 21-Year Low in October as Orders Slid
(DBN Subscription Required)
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