Law:
Dechert Picks Up Decorated Bankruptcy Appellate Lawyer
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Akin Revenues Up as More Partners Depart
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‘Limited Turnover’ at Paul Hastings in Atlanta Office
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Layoff Watch: Paul Hastings Atlanta Lays Off 15% of Its Associates
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Clifford Chance set for further cutbacks in review of partnership structure
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Layoff Watch: McDermott Will & Emery Cuts 60
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McKee Nelson Hit Hard By Wider Economic Woes
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Willkie posts first fall in revenue and PEP since 1991
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Biggest Buffalo, NY, Law Firm Lays Off At Least 5 Lawyers and 8 Staff
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Schulte Roth Reports Flat Revenues, Dip in Profits
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Don't cry over the Kleenex
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Marc Dreier’s Lawyer: He is Penniless
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Can Guards Shoot Attorney Marc Dreier? Judge Requests Research Memo
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Landlord Moves to Compel Dreier LLP to Pay Rent
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Did Lowenstein Role in 14-Lawyer Leap Unfairly Ruin Former Firm? Trial Nears
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Forget growth for now, profit's where it's at
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Haynes & Boone Signs Up for New California Adventures
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DLA Piper Appoints Leading Asian Insolvency Lawyer as Restructuring Head in Hong Kong
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Partners Flock to BigLaw's "Sundance"
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Dewey to Shutter San Francisco Office, Keep Silicon Valley Presence
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McDermott, Will & Emery Lays Off 60 Attorneys, 89 Staffers
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Pierce Atwood Lays Off Attorneys, Staff While Planning Expansion
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Foley & Lardner Automotive Crisis Briefing Session
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In Tough Times, the Best GCs Look a Lot Like the Best Litigators
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Lawyer Can't Reduce Alimony, Support Payments by Citing Dwindling Practice
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Fired Over Personal Blog, Ex Associate of Major Firm Mulls Options
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Lawyer accused of cashing dead dad’s checks
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Judges:
Judge Moreno v. Justice: Putting Plea Agreements Online
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New Study Examines When and Why Supreme Court Justices Retire
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Scalia Chastises Student for ‘Nasty, Impolite Question’ on Court Cameras
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Wall Street:
US stock index futures up; eyes on earnings, data
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Stocks in Europe, Asia Climb
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US Stocks Advance Tues.
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Will These Large Caps Go Bankrupt?
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Citi's Amazing Smith Barney Gain
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Wall Street Bonuses -- The Enemy Is Us
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Whitney Calls Bonuses ’The Motivating Factor’ on Wall Street
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Lazard Profit Cut In Half
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Russia, East Europe Stocks Face ‘Massive’ Drop, Roubini Says
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Media:
Disney Profit Slides 32% on Ad, Film Studio Shortfall
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Report: Charter preparing for bankruptcy
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Time Warner Posts $16 Billion Loss
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Games:
Revenue Rose, but Loss Deepens for Game Maker
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Oil/Gas:
Crude Oil Rises After OPEC Cut Output in January to Avoid Glut
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Oil Advances Above $41 a Barrel as European Stock Markets Rise
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Banking:
Banks Promise Loans But Hoard Cash
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TARP Lawyers to Banks: Think Twice About Taking Government Cash
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Bank Rescue Would Entail Triage for Troubled Assets
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U.S. must 'save capitalism' from the banks: Nassim Taleb
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Obama to Unveil New Pay Rules for Banks Getting Aid
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Has Citi found a way to muzzle lending critics?
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FDIC seeks power to charge 'systemic risk' fees
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FDIC Says Bank Failure Costs to Exceed $40 Billion Through 2013
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County Bank Still Open Despite Problems
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Wells Fargo defends, then cancels Vegas junket
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Fraud:
Tiny Charges on Bank Cards Could Presage Bigger Problems
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Approaches to Ponzi Scheme Litigation
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Madoff Trustee Taps Lovells for Help in International Asset Hunt
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Markopolos Blasts SEC for 'Financial Illiteracy'
(WSJ: separate paid subscription required)
Alleged $50B Madoff Fraud is Keeping a Lot of Law Firms Busy
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Madoff Tipster Markopolos Says He Feared for His Life in Probe
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Insurance:
Insurer Ace Ltd posts sharp drop in Q4 profit
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Munich Re Full-Year Profit Drops 62% on Writedowns
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MetLife Net Falls 12% on Losses From Hedge Funds, Real Estate
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Ironshore's subsidiaries' ratings put under review
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Investments, claims hit PartnerRe profits
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Batteries:
Spectrum Brands, Battery Maker, Seeks Bankruptcy
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Corporate Governance:
"Best Practices" for Officers and Directors Navigating the Current Economic Crisis
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Watching Clouds in Delaware: Gantler v. Stephens
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Celebs:
With co-defendants freed, is Michael Vick next?
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Crowell & Moring Joins the Joe Francis Litigation Party
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Arts:
Kennedy Center to help struggling arts groups
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Recession is bitter music for arts
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Health Care:
Elephant Pharm closes its stores
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Caritas Healthcare pleads for state aid
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Hospital board seeks $36M state bailout
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Retailing:
Gift Retailer Blue Tulip Liquidates
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On Madison Avenue, Shops Pack Their Hand-Tooled Bags
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Chernin's Shoe Outlet going out of business
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Costco sees weak second-quarter; January sales fall
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Circuit City hires firm to sell store locations
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Metals:
Modern Metal requests permission to sell assets, inventory
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Pensions:
The Next Catastrophe
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Lehman:
Lawyer bent on absolving Dick Fuld
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Alvarez & Marsal oversees dismantling of Lehman
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Valentine's Day:
Looking for love in the deal economy
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Personal Finance:
Bankruptcy Becomes More Appealing To Many
(DBN Subscription Required)
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Mass Transit:
Downturn Forces Transit Cuts Even as Ridership Grows
(DBN Subscription Required)
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Logistics:
Cutbacks in consumer spending hit UPS' bottom line
(DBN Subscription Required)
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Economy:
US fiscal policy to be "very aggressive": Geithner
(DBN Subscription Required)
U.S. Plans to Curb Executive Pay for Bailout Recipients
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Executive Pay: Obama's PATCO Moment
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Geithner Says Speed Is Key to Recovery
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Additions by Senate Push Stimulus Near $1 Trillion
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Toxic-Asset Guarantees Gain Momentum in US Bank-Rescue Talks
(DBN Subscription Required)
Obama backs down on 'Buy American' after EU trade war threat
(DBN Subscription Required)
US House Republicans Ask Geithner for TARP ‘Exit Strategy’
(DBN Subscription Required)
Stimulus Projects Lose Support
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Fed Extends Emergency-Loan Programs, Swaps to Oct. 30
(DBN Subscription Required)
The Pseudo Stimulus
(DBN Subscription Required)
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Real Estate:
Pending Home Resales Rise, Prices Drop
(DBN Subscription Required)
One in Six Borrowers Underwater on Mortgage
(DBN Subscription Required)
Record 19 Million Houses Seized and Vacant in the US
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Housing time bomb is about to explode, again
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Both Parties Move to Aid Homeowners
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EnCap officially out of business in Bergen County
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Central Valley home builder declares bankruptcy
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St. Lawrence Homes in Ch. 11
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Mercedes Homes Files For Bankruptcy Reorganization
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Tousa asks for extension
(DBN Subscription Required)
Despite ResCap’s $981 Million Loss, GMAC Posts Gain
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SkyMark pins hopes on DIP
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Ryland, Oaktree Form Distressed Property JV
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Bizarre signs come out as mystery pair move into upscale Sacramento neighborhood
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Sterling wants ex-HomeGold CEO's records
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Autos:
Uncle Sam, are you helping GM or not?
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Obama auto team taking shape
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GM, Ford Sales Collapse May Force Deeper Industry Restructuring
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VW Executive Calls for Auto Stimulus in U.S.
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Detroit Reels as Car Sales Plunge
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US auto sales near 27-yr low; Chrysler, GM plunge
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Ford US Sales Plunge 40 Pct., Toyota Down 32 Pct.
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January auto sales hit lowest level since 1982
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American car sales fall below China's for first time
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GM & Chrysler sue taxpayers... with taxpayer money
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GM considers new round of buyouts
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Chrysler execs say talks with Fiat progressing
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Fiat tie-up not only option for Chrysler
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Chrysler Hopes Dismal Sales Lead to Help From Congress
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Rental car slowdown hurts automakers
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$5,000 Car Vouchers Needed?
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Crossroads Ford closes dealership
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Sales skid; dealers seek aid
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Visteon draws $30 mln under credit facility
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Auto industry supply chain is collapsing day by day, warns JLR chief
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Hyundai Defies US Slump, Helps Asian Brands Grab Record Share
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Canadian Auto Sales Fall 25% on Declines for GM, Ford, Chrysler
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Layoffs:
US January Job Cuts Triple From Year Earlier
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EA to lay off 1,100 workers as net losses grow
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Panasonic to Cut 15,000 Jobs
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Xerium will cut 230 jobs
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______________
Food/Drink:
Free Denny's meal is a grand slam with diners
(DBN Subscription Required)
An Executive By Any Other Name
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Twinkie-maker Interstate Bakeries exits bankruptcy
(DBN Subscription Required)
Judge delays ex-Pilgrim's Pride CEO, COO contracts
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Embattled Soho Eatery Lola Shuttered
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Chinese restaurant chain files for bankruptcy
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Moody's Sees Food Industry's Negative Credit Outlook Getting Worse
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Telecoms:
Dark Days At Motorola
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Motorola: Becoming a 'Peripheral Player'
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Can the Cellphone Industry Keep Growing?
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Alcatel-Lucent reports massive 4th quarter loss
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Nortel's Commuter CEO
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Motorcycles:
Harley-Davidson offers $600M in new debt
(DBN Subscription Required)
Harley-Davidson soars on Buffett bond investment
(DBN Subscription Required)
______________
Jewelry:
Fortunoff Shuts Manhattan Store Amid Liquidator Talks
(DBN Subscription Required)
______________
Alternative Energy:
Bankrupt ethanol plant in Fulton to sell unused corn for $2.6 million
(DBN Subscription Required)
Archer Daniels Zapped By Ethanol
(DBN Subscription Required)
MGP Ingredients to end ethanol production
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Dark Days for Green Energy
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______________
Hotels:
Senators may need pup tents
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______________
Executive Compensation:
Retail vehicle sales may have hit bottom, automakers say
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Curbing excessive pay, board clout of executives would help business
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CEO Pay Curbs Could Extend The Crisis
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Barack Obama to impose $500,000 cap on top executives' pay
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Obama’s populist pay limit courts disaster
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Gambling:
Station Casinos misses bond interest payment-analyst
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Station Casinos Proposes Prepackaged Bankruptcy to Cut Debt
(DBN Subscription Required)
Station Casinos Seeks Bondholder Vote on Restructuring Plan
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Expert: Greektown casino will not close
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Tropicana hires branding firm to focus on value
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Casinos Cutting Deals During Struggling Economy
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Wynn Resorts cuts salaries, work week to save cash
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Economy threatening Atlantic City's lifeblood
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Detailed look at city's 11 gaming halls
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More defaults ahead for debt-heavy casinos
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Corporate Reform:
‘Failed’ Wall Street Means Biggest Rules Rewrite Since 1930s
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What if Watchdogs Got Bonuses?
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Publishing:
Magazines Aimed at Bankers Shut Down
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Distressed Investing:
Buffett Pays Low for Another Icon
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Buses:
Creditors Won't Let Motor Coach Roll Over Them
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Credit Cards:
Citi Promises $5.8 Billion To Expand Credit Card Lending
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Packaging:
Constar set for confirmation
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Trucks:
Oshkosh B'Gone?
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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)
Weird News
Bankruptcy Jobs:
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(2)-
(3)-
(4)-
(5)-
(6)-
(7)-
(8)-
(9)-
(10)
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Bankruptcy Reform:
Cramdowns for All
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Rep Frank: Homeowner Help To Be Joined With Mtge Cram-Down Bill
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CLLA Leads the Way on Federal Bankruptcy Legislation
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Surest housing remedy? Write down bad mortgages, study finds
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DIP Financing:
Lyondell Case Shows Bankruptcy Loans Are Available -- For a Price
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DIP financing isn't dead
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Sports:
Citi's escape from Mets deal will be difficult
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Bankruptcy costs sports leagues thousands of dollars
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Municipalities:
S&P lowers some California debt, more cuts seen
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California has country's lowest credit rating
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Lobbying firm backs away from Jeffco contract
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Vallejo: City, unions talk despite court activity
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Historic tiny Sacramento County town has king-size problems
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Stimulus Brings Out City Wish Lists
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Bankruptcy Statistics:
US Personal Bankruptcies Climbed 34% in January
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Personal bankruptcies up 43 percent in South Florida
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Bankruptcy Filings Up 40 Percent In Long Island
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Guam bankruptcy filings rise
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Software:
Brainstorm for BMM includes sale
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Newspapers:
Tribune Co. sets out new severance terms to bankruptcy judge
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Tribune Co. to reduce severance payouts
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New York Times Considers Charging for Its Web Site
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After Morris Publishing Group Skips Payment, Lender Understands -- But S&P Doesn't
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Consumer Goods:
Spectrum Brands files for bankruptcy protection
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Bonds:
Healthy Payoffs Lure Investors to Corporate Bonds
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Chemicals:
Lyondell default swaps worth 15.5 pct in auction
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Mining:
Asarco announcement: El Paso smelter will not reopen
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BHP Billiton Profit Plunges
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Rating Agencies:
Liquidity Issues Spur Flurry of Downgrades
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Politics:
Tax problems torpedo two big nominations
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McCain Leads Alternative Stimulus Fight
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Hockey:
Predators on pace to turn tiny profit
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Tech:
Distressed German chip maker says to shut US plant
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Aviation:
Global Aircraft in Ch. 11
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Japan’s Airline Association Asks Government for Aid
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Mass Torts:
Pittsburgh Corning case drags on
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Theme Parks:
Where Rock 'N Roll Treasures Go On Their Days Off
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Hedge Funds:
Hedge fund woes spell opportunity for some
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Accounting:
PwC partners deny criminal activity over Satyam audit
(DBN Subscription Required)
Forms May Fail Big Four Auditing Firms
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UK:
British Economy Will Shrink Until Fourth Quarter, Niesr Says
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UK’s Brown Suffers Setback as Lords Vote to Amend Bank Bill
(DBN Subscription Required)
Service sector contracts at slower pace in January
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Pay what you want, UK restaurant tells diners
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High street giant seeks bankruptcy protection
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High street shakeup on the way
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Debenhams Stakeholder In Financial Foul-Up
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Major UK chains under threat as owner seeks protection
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Deloitte: Woolworths' banks to be paid in full
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Loanmakers in administration
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Canada:
Complacent Canadians now deep in debt
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Canadian Card Losses May Rise C$800 Million, Deloitte Says
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Musical Rob Roy dropped, Catwalk in trouble
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Spain:
Spanish unemployment jumps in January
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Zapatero Running Out of Cash to Retain Spanish Political Allies
(DBN Subscription Required)
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Brazil:
Brazil Economy Comes to Standstill as Output Plunges
(DBN Subscription Required)
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Ireland:
Irish premier unveils plan to combat debt crisis
(DBN Subscription Required)
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Australia:
Australian December Retail Sales Rose 3.8% on Government Grants
(DBN Subscription Required)
No One Gets Out of This Financial Crisis Alive
(DBN Subscription Required)
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Ireland:
Irish PM claws back pay to battle debt crisis
(DBN Subscription Required)
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Indonesia:
Indonesia Will Probably Lower Key Rate for Third Straight Month
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Mexico:
Mexican Peso Falls to Record on Speculation Economy to Contract
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India:
Is the Worst Over for Satyam?
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China:
Profit Alerts Signal Pain in China
(WSJ: separate paid subscription required)
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Hong Kong:
HK's PCCW plans to cut 600 jobs
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Germany:
Maerklin files for bankruptcy
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Merkel Fails to Resolve Rift on Hypo Nationalization
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Iceland:
Baugur goes into Chapter 11
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Middle East:
Dubai contractors face bankruptcy
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