Law:
In Tribune Bankruptcy, Judge Caps Sidley’s Fees at $925/hr
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Thompson Hine Cuts Positions, Associate Pay
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Forecast: Number of lawyers out of work will get higher
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Patton Boggs Overhauls Compensation System
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Economy Challenges Tight-Knit Gunderson
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As Heller Dissolved, Partner Closed Big Deal; But Now What?
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Hahn & Hessen Adds Bankruptcy Partner
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Dreier Firm Must Vacate Offices or Face Eviction
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Simpson Thacher Sends Some Associates on Year-Long Pro Bono Stints
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Layoff Watch: Faegre & Benson (67 Staff)
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Lovells homes in on financial performance
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Linklaters combines key partner meetings
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Norton Rose US merger is 'inevitable'
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A&O blames recession for exhaustive clearout
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Layoff Watch: McKee Nelson (The proper way to do layoffs)
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Layoff Watch: 10% of Attorneys at Carter Ledyard & Milburn Feel the Burn
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The National Law Journal: Hiring, Firing Steady
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Many general counsel are not happy with their legal advisers
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Layoffs: Substitutes & Complements
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About 68 Ex-Thacher Lawyers Out of Work; ‘It’s Not a Time to Be Too Picky’
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WilmerHale puts more rungs on the ladder
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If You Show Me Yours, I'll Show You Mine (Or: A casual comparison of severance packages.)
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BigLaw Firm Slashes Bonuses to as Low as $6,000, Freezes Salaries
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Firm Axes Staffers, Associates Brace for Make-or-Break Reviews
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Sunshine State Firms Weathering Bitter BigLaw Winter Pretty Well
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Report: Stanford Taps Williams & Connolly’s Sullivan
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Save The Economy, Screw The Poor
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Why Lawyers Can Be Difficult Spouses
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Mice overrun courthouse, fall from ceiling
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Infamous Va. Law Student Parties Can Make It Hard to Find a Venue
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Defense Attorney Found Slain in La. Law Office
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Lawyer & Staff Allegedly Held Hostage in Kan. Office Before Gunman Gives Up
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Judges:
Senator says Justice Ginsberg likely will be dead before year's end
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Criminal Trial of U.S. Judge Set to Open
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Tough Cases Await U.S. Supreme Court Justices
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What Role Will ABA Have in Judicial Nominations?
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Supreme Court to tackle judicial conflict of interest
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Wall Street:
Asian Stocks, US Futures Advance on Citigroup Speculation
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End of a bear market rally?
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Stock Pullback Grows Past 'Financial' Stage
(WSJ: separate paid subscription required)
Fears for BofA and CITI rattle markets
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Dow Declines 6.2% In Punishing Week
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Wall Street Since Inauguration Day
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Dividends Falling Means S&P 500 Is Still Expensive
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Wall Street got the better bailout
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'Stock Market Gives Obama's First Month An 'F'
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Career Options for Ex-Wall Street Workers
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Warren Buffett's Berkshire Hathaway Falls to Five-Year Low
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Banking:
Regulators stand behind banking system; will start revamped capital injection
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To Seize Or Not To Seize?
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Roubini: 'Nationalize' the Banks'
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Lessons from Sweden's Bank Nationalization
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Bank Bond Risk Surges to Record on Concern of Nationalization
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Choice between full or part takeover
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U.S. Government Seeking Up to 40 Pct Stake In Citigroup: Report
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US Lawmakers Clash Over Nationalizing Banks to Stem Declines
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BofA's investment bank "fun" may be done for good
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U.S. bank stress tests to show capital needs
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Small Oregon Bank Becomes 14th Bank to Fail in '09
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Get ready for a wave of bank failures
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More Money From Fees Gives Banks Good Start
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President tries to halt talk of bank nationalization
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Senator Says May Be Needed in Short-Term
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Rising Worries on Rescue Roil Banks’ Shares
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Not All Certificates of Deposit Are Plain Vanilla — or Safe
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US Wants UBS to Break Swiss Law, Bank Lawyers Says
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HSBC Considers $20B Cash Call From Investors
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Finance:
Companies Find Life After Bankruptcy
(WSJ: separate paid subscription required)
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Bankruptcy Statistics:
US corporate bankruptcies more than double '08 pace
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Retailing:
Lowe’s Profit Fell 60% as Consumers Cut Back
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Ritz Camera files for Chapter 11 bankruptcy
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Investors Eye Mall Owner's Performance
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How Consumers Shop Differently Today
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Linens' heavy load
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Newspapers:
Journal Register seeks bankruptcy protection
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Philadelphia Inquirer Publisher Files for Bankruptcy
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Pennsylvania Newspaper Bankruptcies Signal More Trouble Ahead
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As parent company files Chapt. 11, Delco daily fears for its life
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Star Tribune seeks to cancel union pact
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Bankruptcy looms for more US newspapers
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The Media Baron and His Soft Spot
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The News on Europe's Newspapers
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Tech:
Qimonda US units file for Chapter 11 bankruptcy
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______________
Corporate Reform:
S.E.C. Chief Pursues Reversal of Years of Lax Enforcement
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Lawmakers Take Aim at Fine Print in U.S. Mortgages, Credit-Card Agreements
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Horse Racing:
Bankruptcy looms for Magna
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Fashion:
Fashion sector seeks aid as crisis bites
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Derivatives:
Controlling Swaps' Risk Is Still Vexing
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ISDA to Hold Call for Dealers of Bradford & Bingley Credit-Default Swaps
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CDSs and Lyondell Chemical's bankruptcy
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Personal Finance:
Consumer-Goods Makers Heed 'Paycheck Cycle'
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Wine Shops Tweak Price, Incentives for New York Belt-Tighteners
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American Budgets Have More to Spare for Cars, Home Than in 1955
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Fix-It Nation: In Tough Times, Tailors and Cobblers Thrive
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Bonds:
High-yield bond costs soar as defaults rise
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Glass:
Blenko nears choice between investors, bankruptcy
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______________
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Economy:
Obama's First Budget Seeks To Trim Deficit - Plan Would Cut War Spending, Increase Taxes on the Wealthy
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Obama to name watchdog to oversee stimulus outlays
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Obama to convene fiscal summit at White House
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Obama’s Stimulus Package Forgets Your Net Worth
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The Bailout Next Door
(WSJ: separate paid subscription required)
Geithner Bad Bank Alternative May Depend on Cut-Rate Loans to Hedge Funds
(DBN Subscription Required)
US Recession Worst in Three Decades, Business Economists Say
(DBN Subscription Required)
Soros: Economic Turbulence Worse Than Great Depression
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Soros Sees No Bottom For World Financial "Collapse"
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Bernanke to reassure help is coming for economy
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Math Wizards Working on Spells to 'Cure'
(WSJ: separate paid subscription required)
Ivy League White House Mimics Finance Masters
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CPI Inches Higher In January
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When Consumers Cut Back: A Lesson From Japan
(DBN Subscription Required)
US Bubble Collapse to Be Worse Than Japan’s, CLSA’s Wood Says
(DBN Subscription Required)
Obama plans eclipsing New Deal spending
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How to Approach TARP 2.0
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Tough Rules Snarl Treasury Hiring
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Will things get better for next generation?
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Republican governors split over Obama stimulus
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Governors’ Fight Over Stimulus May Define G.O.P.
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Treasuries Fall on Speculation US to Increase Citigroup Stake
(DBN Subscription Required)
In This Economy, Fear Is Rational
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Agreement on Woes, Not Stimulus
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Economists: Just get through next 6 months
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Can Talk of a Depression Lead to One?
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______________
Real Estate:
Some Denounce Obama's Homeowner Rescue as Unfair
(DBN Subscription Required)
Fed May Need to Recast TALF to Revive Commercial Real Estate
(DBN Subscription Required)
Housing Crisis Moves Beyond Subprime Borrowers
(DBN Subscription Required)
Rates Drop as Obama Signs Stimulus Plan
(DBN Subscription Required)
Emaar shares fall after US unit bankruptcy
(DBN Subscription Required)
Some U.S. states embrace housing plan, others skeptical
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Kudlow, Santelli Push Back Hard at Mortgage-Mod Program
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Foreclosure relief raises questions for banks
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When is a housing crisis like venereal disease?
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Finessing Housing Plan's 'Moral Hazard'
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US finally getting a little help to homeowners facing foreclosure
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Real estate firms retrench: Cost-cutting moves include bankruptcy
(DBN Subscription Required)
Real Estate Funds Collapse 13% in a Week
(DBN Subscription Required)
Dealers, dreamers see gold in California housing bust
(DBN Subscription Required)
Bank Sues Embattled N.Y. Lawyer Alleging $1.8M Mortgage Fraud
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Saving the Housing Market By Speeding Up Foreclosures
(DBN Subscription Required)
______________
Autos:
Bankruptcy Experts Propose New “Chapter 10” For Automakers
(DBN Subscription Required)
The Benefits of GM Bankruptcy
(WSJ: separate paid subscription required)
Treasury May Be Preparing To Fund At Least $40B In Auto Bankruptcy Loan
(DBN Subscription Required)
Obama auto team drives imports; Task force has few new American cars
(DBN Subscription Required)
Of Car Warranties and Chapter 11
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Harvard Professor: Bankruptcy Could Save GM
(DBN Subscription Required)
US Treasury considers GM, Chrysler funding options
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GM shares hit 74-year low
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Bankruptcy Funding Solicited for Car Makers
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If You Thought the Auto Bailout Was Ridiculous Before...
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Dragging GM and Chrysler to the altar
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Sales of Used Luxury Cars Are Boon, Curse
(DBN Subscription Required)
Detroit as the Prodigal Son
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Modern Metal pushes sale
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A Car for $1? It's an Offer Hard to Refuse
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Saab Distances Itself From G.M.
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Threat to hundreds of jobs as Saab files for bankruptcy
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Saab says carmakers line up to rescue GM arm
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US autos task force cannot overreach
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GM’s Opel May Be Next ‘Domino’ After Saab Without a Rescue Plan
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GM's Opel to present plan for survival within days
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VW cuts production as Opel's future hangs in the balance
(DBN Subscription Required)
Chrysler provides more details to Canada
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Honda Names Ito Next President as Car Demand Falls
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Ethanol:
VeraSun Energy auction is set
(DBN Subscription Required)
______________
Politics:
What recession? Members of Congress 'throwing lavish events'
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Rift Over Stimulus Embroils G.O.P.
(DBN Subscription Required)
______________
Fraud:
Fraud Case Shakes a Billionaire’s Caribbean Realm
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Stanford surrenders passport, Antigua units seized
(DBN Subscription Required)
SEC Probed Stanford Companies; Red Flags Abounded
(DBN Subscription Required)
Stanford's whereabouts: again a mystery
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Stanford's charges could derail $1 billion Caribbean project
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Allen Stanford: an amateur's manhunt guide
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Stanford's charm short-lived for women, investors
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Dad, 81, to Allen Stanford: 'Do the right thing'
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Antigua’s Leader Vows Cooperation With U.S. in Investigation of Its Banks
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Stanford whistleblowers tell of concerns, perks
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Madoff Never Made Supposed Investments
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13 years of records of Madoff trades missing
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Baker & Hostetler's Picard Updates Madoff Creditors
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______________
Jewelry:
Diamond Sales, and Prices, Plunge
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______________
Finance:
Where Will Finance Go? 3 Veterans Are Unsure
(DBN Subscription Required)
Greenspan’s Libor Barometer Shows Markets Stay Frozen
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Only governments can get credit rolling
(DBN Subscription Required)
______________
Health Care:
Bayonne Medical pitches liquidation
(DBN Subscription Required)
______________
Golf:
Fore! BearingPoint Bankruptcy Hits Golf Tour
(DBN Subscription Required)
______________
Lehman:
Regulator Faces Fresh Scrutiny Over Trading Inquiry at Lehman
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The turning point
(DBN Subscription Required)
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Aviation:
AMR Corp.'s Pilots: Getting the Short-End of the Stick
(DBN Subscription Required)
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Corporate Governance:
Credit Crisis: Are Boards to Blame?
(DBN Subscription Required)
Delaware's Supreme Court reverses a decision from Chancery. Officers and directors had better watch out
(DBN Subscription Required)
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Giftware:
Jimmy Buffett asserts Lenox deal is for the birds
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______________
Accounting:
A prescription for reforming the U.S.'s accounting mess
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______________
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New Bankruptcy Opinions
(No new opinion today)
Bankruptcy Court Web/Pacer Site Directory
Chapter 7, 12 & 13 Private Trustee Locator (DBN Subscription Required)
Recent Ch. 11 Filings (DBN Subscription Required)
Weird News
Bankruptcy Jobs:
(1)-
(2)-
(3)-
(4)-
(5)-
(6)-
(7)-
(8)-
(9)-
(10)
(DBN Subscription Required)
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Bankruptcy Reform:
Bankruptcy Reform's Details Are Battleground
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Bankruptcy Is No Silver Bullet
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Bankruptcy reform could help hard-up homeowners
(DBN Subscription Required)
Activists hope to get Carper's support for bill
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Bankruptcy changes will have unintended consequences
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Bankruptcy Is No Silver Bullet
(DBN Subscription Required)
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Telecoms:
Giving Up the Cellphone Contract
(DBN Subscription Required)
______________
Tax:
For High Earners, a Day of Reckoning
(DBN Subscription Required)
The Stimulus' Key Small Business Tax Provisions
(DBN Subscription Required)
Lawyer Charges IRS Retaliated Against Him for Complaint Over Agent's Practices
(DBN Subscription Required)
UBS chairman attacked over U.S. tax fraud probe
(DBN Subscription Required)
Swiss party wants to punish USA for UBS bank probe
(DBN Subscription Required)
Swiss to stay away from Senate hearing
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UBS shares hit new low on US tax probe fallout
(DBN Subscription Required)
Brown vows tax-haven crackdown
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Darling's dig at Swiss banking 'secrecy'
(DBN Subscription Required)
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Gambling:
Nothing but Snake Eyes for Atlantic City Casinos
(DBN Subscription Required)
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Education:
Recession hits black colleges hard
(DBN Subscription Required)
MBA schools retooling emphasis
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Endowment Director Is on Harvard’s Hot Seat
(DBN Subscription Required)
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Politics:
Obama's Campaign Pledges, Reality Collide
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Oil/Gas:
Oil rises on views US may step up banks rescue
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Diesel to Dip Below Gas
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Municipalities:
How California Became France
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With a New Budget, Now Californians Brace for the Pain
(DBN Subscription Required)
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Layoff:
Nearly 5 million Americans drawing jobless benefits
(DBN Subscription Required)
Elderly Emerge as a New Class of Workers
(DBN Subscription Required)
Bernanke Offers Jobless Recovery as Humphrey-Hawkins Hopes Fade
(DBN Subscription Required)
Forecasters See Higher Unemployment in 2009
(DBN Subscription Required)
More Firms Put Workers in the Crosshairs
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Looking for More Tools to Trim Costs
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Laid Off? How Bad Can It Get?
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Laid-off Workers Want Their Severance
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Executive Compensation:
After Huge Losses, a Move to Reclaim Executives’ Pay
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Titans of an Age No Longer Golden
(DBN Subscription Required)
Executive Pay Caps Will Never Work as Intended
(DBN Subscription Required)
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Distressed Investing:
In the past, troubled targets have attracted restructuring specialists but few corporate dealmakers. That's likely to change in the current downturn
(DBN Subscription Required)
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Pensions:
California Pension Funds are not "Close to Bankruptcy”
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Insurance:
You break it, we own it
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Railroads:
Miles of Idled Boxcars Frustrate Towns
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Consultants:
Among insolvency advisers, the Big Four dominate but smaller, nimbler names fight hard for market share
(DBN Subscription Required)
BearingPoint cleared to access its cash
(DBN Subscription Required)
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Cross Border:
Financial Distress Has No Borders
(DBN Subscription Required)
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M&A:
Exit papers
(DBN Subscription Required)
Rethinking MAC clauses post-Tyson Foods and Huntsman-Hexion.
(DBN Subscription Required)
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UK:
Insolvency regime needs reform, says IoD
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Car bosses plead for help from Chancellor
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RBS to restructure and create non-core unit
(DBN Subscription Required)
RBS Said to Plan Split of Assets as UK Readies Insurance Plan
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Brown Says Depression Meaning Recession as Approval Tumbles
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Britain faces summer of rage
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Northern Rock to Increase Mortgage Lending
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Northern Rock Senior Managers to Get No Cash Bonus for 08, 09
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Vodafone Is Said to Plan Hundreds of Job Cuts in U.K. to Protect Earnings
(DBN Subscription Required)
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EU:
Europe says all markets must be regulated
(DBN Subscription Required)
ECB’S Draghi Says Banks Transferring Toxic Assets ‘Welcome’
(DBN Subscription Required)
Support Urged for Eastern Europe
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Eastern European Bailout Proposed
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E.U. Leaders Turn to I.M.F. Amid Financial Crisis
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Mexico:
The Perilous State of Mexico
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China:
Clinton Puts China Focus on Economy
(DBN Subscription Required)
China Gives Stimulus Spending Details; Lawyer May Sue for More
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China's Korean Car Wreck
(DBN Subscription Required)
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Japan:
Record 80% of Japanese disapprove of Aso government
(DBN Subscription Required)
Japanese 10-Year Bonds Rise as Stock Slide Lures Buyers to Debt
(DBN Subscription Required)
Japan moneylender SFCG seeks bankruptcy protection
(DBN Subscription Required)
In Japan, an heroic collapse
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Japanese Market Sharply Lower in Morning Trading
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Middle East:
Dubai eases default worries as market eyes more aid
(DBN Subscription Required)
Ailing Dubai seeks £14bn bonds lifeline
(DBN Subscription Required)
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Asia:
Asian Financial Chiefs Move to Fight Crisis
(DBN Subscription Required)
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Israel:
Israel’s Economy Contracted 0.5% in Fourth Quarter on Exports
(DBN Subscription Required)
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South Africa:
South African Economy Probably Contracted
(DBN Subscription Required)
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S. Korea:
Korea’s Pension Fund 2008 Investments Near Break-Even
(DBN Subscription Required)
Korea Says Banks Won’t Have Foreign-Funding Crisis
(DBN Subscription Required)
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