Law:
Wolf Block partners to discuss dissolving firm
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Will the Wolf Survive?
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Credit Woes, Failed Merger Bids Take Toll on Wolf Block
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WolfBlock Partners Vote to Dissolve; Many May Be Headed to Cozen O’Connor
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Dissolution Watch: WolfBlock
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Saul Ewing Cuts 7 Associates, 7 Staff
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Is Norton Rose's four-day week just staving off the inevitable?
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Salans offers staff four-day week
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Partner Pressures Ramped Up in Downturn, Firm Chairman Says
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Jack Welch's words of comfort for firms preparing to unveil plummeting PEP
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Mystery Meeting At Hunton & Williams
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Despite assurances at Canadian firms, fears persist of looming lawyer layoffs
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Clifford Chance Cutbacks Receive Partnership Approval
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More LBO-Backed Companies Slide Into Bankruptcy
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Simpson Advises on Treasury's Asset Purchase Plan
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Firms Bill $17 Million on Northern Rock Nationalization
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Layoff Tracker
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Paul Hastings Advised AIG on Bonus Obligations
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McGuireWoods to Combine With London Firm
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New Lawyers Face Delayed Start Dates -- at Best
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For Sale: Remains Of Dreier LLP
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Heller's Creditors See Artistic Differences
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Culling the Partner Herd: MegaFirm Votes to Restructure Partnership
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Layoff pain migrates in-house
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‘Ad Agency’ Law Firm’s Business Booms; $50 Million Campaign Envisioned
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Fannie Mae Takeover Confuses a Class Action
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Six advantages of discounts off standard rates compared to other cost-saving efforts
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Lawyer Found Her Way After Driving Manure Rig
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‘Recovering Lawyer’ Teaches Belly Dance, Hires Covington Partner
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Lawyerly Lairs: It's Good To Be A Law Professor
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Judges:
More Than One Third of Federal Judges Are Older Than 70
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Wall Street:
Stocks Set to Fall on Profit-Taking
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S&P 500 Caps Biggest 10-Day Advance Since 1938
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Markets Leap More Than 6% on Details of Bank Rescue
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Rescue Plan, With Some Fine Print, Dazzles Wall Street
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Obama Dials Down Wall Street Criticism
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Goldman Rage
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Bonuses:
Cuomo Says AIG Execs Agree to Return $50M Bonuses
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15 of top 20 AIG execs have given back all bonus money
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Geithner says shares outrage at executive bonuses
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Geithner Aides Worked With AIG on Bonuses
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Obama Trying to Temper Furor Over AIG Bonuses
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AIG's Bonus Unit Now in IRS's Sights
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Senate Will Weigh Risks of Bonus Taxes
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AIG Bonus Bill May Be Delayed in US Senate Until Next Month
(DBN Subscription Required)
American Airlines' unions compare AA management bonuses to AIG's
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Hawaiian Telcom bonuses are part of pay routine
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Nortel execs get $7.3M in bonuses
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Ex-Nortel staff angry at £5m bonus pot
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Like the Gottis, the bonus-seeking bankers are the ones who know where the bodies are buried. Give them their money
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Newspapers:
Ann Arbor News to publish its last edition in July
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4 Michigan Papers to Cut Back on Print
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In Austin, a Thriving Weekly
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What if there is no more newsprint demand?
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Gannett to Have Second Week of Unpaid Leave, Cut Pay
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Newspapers Keep Cutting Costs, Print Editions
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Retailing:
Walgreen profit down on restructuring costs
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Tiffany Surges After Quarterly Profit Beats Analysts’ Estimates
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Boater’s World locations liquidating merchandise
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Walgreen Swoops In to Buy Stores from Troubled Rivals
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Gottschalks is shopping its leases
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Drug Fair cleared to use cash
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Mall Owner Presses Bondholders
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Heavy Equipment:
Caterpillar supplier MMC files Chapter 11
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Gambling:
Fitch Ratings downgrades MGM Mirage debt
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CityCenter development in question after Dubai partner sues MGM Mirage
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Cancan girls can't can't as Las Vegas casino forced to pull plug
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More financial distress for the casino capital
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Enron:
Court weighs double jeopardy for ex-Enron exec
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Boating:
Sweden Yachts files for bankruptcy
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Health Care:
Officials say Forum Health’s survival is important to the area
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Economy:
Government Looks to Cap Firms' Risks
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U.S. Lays Out Plan to Buy Up to $1 Trillion in Risky Assets
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Geithner Relies on Investors for $1 Trillion Plan
(DBN Subscription Required)
Why does the treasury secretary have to bribe investors to take risks?
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The essence of the toxic asset plan
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US Plan for Mortgage Debt Gets Initial Support From Investors
(DBN Subscription Required)
Fink Says BlackRock to Take Part in Geithner’s Toxic-Asset Plan
(DBN Subscription Required)
Travelers Weighs Buying Assets Through US Program
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Obama Says He’s ‘Confident’ Toxic Asset Plan Will Unlock Credit
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Experts unsure federal buy-up of bank debt will work
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The Toxic Assets Plan: Yes, It's a Subsidy
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Fed Should Play 'Central Role' to Prevent Crises
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Inside Obama's Economic Brain Trust
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Geithner and Bair at Odds over Rescue Strategy
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With markets up and a turn-around predicted, how do we know when we've hit bottom?
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US existing home sales rose in February
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WTO Sees 9% Drop in 2009 Global Trade Amid Recession
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China calls for new reserve currency
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Real Estate:
Home sales up, but prices continue to fall
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Existing Home Sales Dip Year Over Year
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Midwest Home Sales Fall 18 Percent in February
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Existing Chicago home sales plunge in February
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One in Five Americans Plan to Buy a House
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Reid: Obama housing plan not enough
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TOUSA Revises Operational Plan
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Loan Modification Programs
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AIG suing Wachovia over home loan agreement
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Inside the Mortgage Crisis: Lifting the Curtain on Subprime
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Minnesota's housing wastelands
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Banking:
Geithner: Banks Face 'Acute Pressure'
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Bank of America’s Bernstein Says Dump Bank Stocks After Rally
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Bair Says US Toxic Asset Plan Will Help Most, Not All Banks
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JPMorgan will repay gov't before buying jets
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FDIC attacked by zombie WaMu
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Citigroup's $60 Billion Suit Over Failed Merger Back in State Court
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Autos:
Bankruptcy for automakers a question of pure politics
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$5 Billion Isn't Going To Be Enough For Automotive Tier 1 & 2 Suppliers
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Car Czar: Auto Companies Will Need More, A Lot More
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Ford's debt-restructuring praised
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Ford Doubles Buyback Amount for Loans to $1 Billion
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Granholm visits nonstop concert for Detroit Three
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At Auto School, a Course in Layoffs 101
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Workers weigh pros, cons of latest buyout offer from ailing GM
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Union deal will cut nearly $1B off costs: GM
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1.6 Million Vehicles Repossessed in 2008
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Japanese automakers' output plunges in February
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Bankruptcy Music:
Neil Young: ‘Cough Up The Bucks’
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Executive Compensation:
Intel to limit executive pay in 2009
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Tech:
Spansion says in talks to sell assets
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Insurance:
AIG’s US Rescue Package Is Valued at $182.5 Billion, GAO Says
(DBN Subscription Required)
AIG's Rivals Blame Bailout For Tilting Insurance Game
(WSJ: separate paid subscription required)
AIG: What's in a name?
(DBN Subscription Required)
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Bankruptcy Litigation:
Creditors settle Foss suit
(DBN Subscription Required)
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Pensions:
Government takes over Propex pension plan
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RVs:
Country Coach to bypass dealers and sell direct - wave of the future?
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Single-Industry Towns Wonder How Much Stimulus Will Help
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Workouts:
Waiver, Forbearance Agreements After Default
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_____________
Lehman:
Lehman's Taste Futures
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What's wrong with the SEC investigation of Lehman Brothers?
(DBN Subscription Required)
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Corporate Governance:
Directors' Group Gives Repair Plan to Boards
(WSJ: separate paid subscription required)
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Religion:
Religion's Role in Risky Times
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Municipalities:
Judge: Vallejo Mediation might work
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Trustees:
Court May Remove Trustee Sua Sponte
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Credit Cards:
Maryland Bill Could Ban Rate Hikes On Existing Card Debt
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New Bankruptcy Opinions
(1 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)
Bankruptcy Jobs:
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Bankruptcy Reform:
Bankruptcy reform may have backfired
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Food/Drink:
Lone Star’s BI-LO Supermarkets Said to Plan Bankruptcy Filing
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Agriprocessors auction moves forward
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Judge to talk details of Agriprocessors auction
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Agriprocessors has bid of only $5.5 million
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DIP Financing:
Creditors Risk Getting Submerged if They Can't Take a DIP
(WSJ: separate paid subscription required)
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Shipping:
CMA CGM hits back at credit rating agencies
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Hiding out in the high seas
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KG model in crisis as ship values crash
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Hedge Funds:
Hedge Fund Investors See Returns of 5 to 10%
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From hedge fund head to delivering pizza
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Oil/Gas:
SemGroup Energy Partners releases financial report
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SemGroup asks for 90 days
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Fraud:
Trustee Says He’s Found $75 Million of Madoff’s
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Madoff ’s Recovery Reaches $1 Billion, Trustee Says
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What Bernie Madoff can expect in prison
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US market cops ramp up fraud training after Madoff
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Couple's Dreams of Immortality at Death's Door, Thanks to Madoff
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Recession Villains: Who Will Be Blamed Next?
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French officials to seize Ruth Madoff's chateau
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Stanford's No. 2 Davis Cooperating in Probe
(WSJ: separate paid subscription required)
Stanford Investors Urge Judge to Let Them Join Suit
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Brokers state their case in Stanford mess
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FTC Goes After Bailout Fraud
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Trade:
NAFTA’s Promise, Unfulfilled
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Layoffs:
Mass layoff events and initial claimants for unemployment insurance, March 2005 to February 2009, seasonally adjusted
(DBN Subscription Required)
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Hockey:
Gillett may shop Canadiens
(DBN Subscription Required)
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Tax:
NY Gov Plots Tax Hike On Rich
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Aviation:
World’s Airlines Face Almost $5 Billion Shortfall
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Flying the . . . Rather Hostile Skies?
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Ratings:
Moody’s Joins Standard & Poors in Downgrading G.E.
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How To Fix S&P, Moody's and Fitch
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Accounting:
We Need Honest Accounting
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BearingPoint eyes to sell commercial services ops to PwC
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Celebs:
Bad Private Equity Bets Driving Athletes to Ruin
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Corporate Reform:
Geithner to Call for New Powers to Avoid AIG Repeat
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Sovereigns:
Greece, Ireland in danger of insolvency?
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Soon there may be nobody left to lend to America
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Global 'nightmares': insolvent countries
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UK:
Do we need our own 90% bonus tax?
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Recession? Not Here, Say UK Regulatory Lawyers
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Daily Mail group to cut 1,000 jobs
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Green advisor urges UK to cut population in half
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The legal basis and future role of 'pre-pack' administrations
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JJB nears sale of fitness clubs
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Australia:
Australia faces sub prime home loan crisis
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Canada:
CAW Calls On Province To Protect Worker Severance
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Latin America:
Morgan Stanley Cites Economy, Currencies for Latin Downgrades
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India:
India Could Be the Next Target for Angry Americans
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China:
China's Zhou beats drum again for global reform
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