Law:
Orrick Herrington to Cut 100 Lawyers, 200 Staff Worldwide as Economy Slips
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Layoff Watch: The Orrick 300
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Clifford Chance Proposes Cutting as Many as 115 Staff After Lawyer Layoffs
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Layoff Watch: Shearman & Sterling Makes Cuts
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Do Orrick's Latest Layoffs Signal a Second Wave Ahead From Other Firms?
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Blockbusted: Kirkland Reportedly Lands Restructuring Work for Ailing Rental Chain
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Notes from the Breadline: I Have My Freedom, but I Don't Have Much Time (Part I)
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Law Firm Layoffs Alternative: 4-Day Week for Over 100 Attorneys and Staff
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Lessons From the Stanford Scandal: Bring Your Own Lawyer
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Huntsman Paid V&E, Shearman $53 Million
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Setting Marc Dreier's House on Fire
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Hunton Prowls for Litigators; Akin Denies Trouble
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Solo Is the New SoHo
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Layoff Option: Start Your Own Firm
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Second Appeal Denied in $54 Million Lawsuit Over Judge's Pants
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Biglaw Girls Don't Cartwheel, but Biglaw Partners Do Cry
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Big 2008 Lobbying Fees for 12 Am Law 200 Firms
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Law Firms' Web Presence
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McDermott's Change in Coffee Perks Has Some Lawyers Steaming
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Law Firms Take Rivalry To The Hockey Rink
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No Excuses for Technical Incompetence
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Glut of Lawyers in Japan, but No Layoffs
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South Korea to Allow Some Foreign Law Firms to Open Offices From September
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Judges:
New York Bankruptcy Judge Up For Reappointment
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Supreme Court Justices Appear Ready to Set Recusal Rules
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US judge to hear potential conflict in Madoff case
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Post-Gaming the Massey Energy Arguments
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Wall Street:
US Stock-Index Futures Advance
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Stock Futures Point Higher After 5 Days of Selling
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Wall Street shows modest moves a day after tumble
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Obama: Stocks May be Good Investment
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S&P below 700 as banks' future still in question
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Obama: Basing policy on stock market 'fits and starts' could lead to bad policy
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WSJ: As Dow keeps dropping, Obama running out of people to blame
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Greenspan's `Irrational Exuberance' Finally Rings True
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Wall Street's $18.4 Billion Bonus
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GE Falls Below $7 on Concern Finance Unit May Need More Capital
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GE Capital Default Swaps Climb to Record on Capital Concern
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Option Traders Boost Bets That GE Will Sink to $2.50 by June
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Stocks Signal Long Slump
(WSJ: separate paid subscription required)
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Autos:
Tough Test Emerges as Administration Aims to Bolster Automakers
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How long before auto bailout costs $100 billion?
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Ford’s February US Auto Sales Declined 48% as Economy Slumped
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GM Says U.S. Sales For February Declined 52.9 Percent
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Auto sales: It's not the bottom yet
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GM falls to No. 3 as Canadian auto sales slump
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As Car Sales Collapse, GM and Chrysler Grow Desperate
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TALF's Terms Bring Little Relief To Struggling Auto Makers
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GM, Chrysler Say Bankruptcy Is Imminent Without More Aid
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GM bondholders to meet Thursday with Obama autos team
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GM says Chrysler deal "continues to be set aside"
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GM Steers Delphi Away From Wall
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Chrysler exec voices confidence company will get U.S. loan
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GM Running on Empty in Europe
(WSJ: separate paid subscription required)
Delphi retirees appeal health benefit cuts
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Grassley: Add bio-strings to autos bailout
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Indiana County Wants Chrysler To Return Millions
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AutoZone 2Q Net Up 8.6% Amid Car-Repair Boom
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Bankruptcy judge throws out Checker Motors' request to eliminate labor pact
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Enterprise Rent-A-Car to buy assets of bankrupt rival
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Auto Bailout: Et Tu, Toyota?
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GM Europe 'could run out of cash'
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GM urges EU states to come to its aid; Carmaker says 300,000 jobs at risk
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BMW Says No Serious 2009 Outlook Possible
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Saab Draws Interest From Rivals, Financial Investors
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Volvo Scraps Manager Bonus Top-Up After Public Outcry
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Australia Auto Sales Fell 21.9% Last Month
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Insurance:
Financial D&O prices up nearly 50%
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D&O Insurance: Knowledge, Structure and Coverage
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Bernanke ‘Angry’ About AIG
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Bernanke Says Insurer AIG Operated Like a Hedge Fund
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Bernanke defends AIG rescue, says U.S. had no choice
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Life Insurers May Get Reply on TARP in Next 2-3 Weeks
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Aviation:
Delta Air, AMR, UAL, Continental Fall as Travel Demand Weakens
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Continental Air’s Revenue Slide May Signal More Cuts
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Southwest Airlines says traffic fell in February
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Next Airline Fee: Buying Tickets?
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Judge Throws Out Sale Of Aloha Name To go!
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Fashion:
Bankruptcy fears stalk Milan Fashion Week
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Politics:
Democratic Revolt May Slow Obama Agenda
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Derivatives:
JPMorgan Derivatives Group Earned $5 Billion in Wall Street's Worst Year
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Harvard Losing AAA Benefit in Bond Market Shows Perils of Derivative Debt
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Debt Collection:
So You’re Dead? That Won’t Stop the Debt Collector
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Sovereigns:
IMF: Poor Nations Need $25 Billion
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Tourism:
River Walk Worries
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Resorts:
New Showdown Looms in Yellowstone Club Bankruptcy
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Economy:
NBCWSJ Poll: 6 in 10 Americans worry government will spend too much
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ADP Says US Companies Reduced Payrolls by 697,000
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US February Job Cuts Rise 158% From Year Ago
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Dollar Rises as Bernanke’s Bank Warning Spurs Demand for Safety
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Pending US Home Resales Slump More Than Forecast
(DBN Subscription Required)
Obama Releases Billions of Dollars for Public Works to Spur Growth in Jobs
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Obama's plan to hike taxes meets fierce opposition
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Fed chief states deficits are price of growth
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Bernanke’s AIG Blast May Mean More Curbs on Risk, Concentration
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Geithner Warns Over U.S. Deficit
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Fed, Treasury Launch TALF
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Rescue Turns to Toxic Assets
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The Feds' Bailout Black Hole
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Savers could doom the economy
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Six Signs the Recession Is Ending
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Just the numbers, ma'am
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Across business segments, CFOs see the outlook remaining bleak until 2010
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Casualties of the Recession
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______________
Real Estate:
More Than 8.3 Million US Mortgages Underwater as Values Sink
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U.S. MBA’s Mortgage Applications Index Fell 13% Last Week
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US home sales plumb record low in January
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Pending US Home Resales Slump More Than Forecast
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Rethinking the Fan and Fred Takeover
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Banks brace for mortgage remodels under Obama plan
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Obama Rescue Plan Said to Be Limited to Homeowners Most in Need
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Modification Aid Gap Continues Between Prime, Subprime
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Ex-Leaders at Countrywide Start Firm to Buy Bad Loans
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Citi Launches Program To Help Unemployed Mortgage Holders
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Buyers told Lehman bankruptcy court might trump deed restrictions
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Banks Refusing To Take Back Foreclosed Properties
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Toll Brothers 1Q Loss Narrows; Outlook Still Murky
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Bankruptcy filing halts ‘Extreme Makeover’ foreclosure
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Executive Compensation:
Fed Eliminates Compensation Limits for TALF Sponsors
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Motorola co-CEOs Jha, Brown Take No Bonus in 2008
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Banking:
Geithner Says U.S. Financial-System Rescue May Cost More Than $ 700 Billion
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FDIC: Insurance Fund Could Be Insolvent This Year
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A.F.L.-C.I.O. to Support Nationalizing Banks
(DBN Subscription Required)
Bank of America Charges May Surge as Hedge Funds Mark Mortgages to Market
(DBN Subscription Required)
Citi Deal Unfair to Retail Investors: Shareholder
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S&P cuts Bank of America's rating one notch to "A"
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Why Ken Lewis Destroyed Bank Of America
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US Bancorp Slashes Dividend 88%, Following JPMorgan's Move
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IndyMac: As Bad As It Gets
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If banks don't like the scrutiny that comes with bailout funds, why don't they just return the money?
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Take This TARP and Shove It
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Midwest bank plans to give government money back
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Bank Of NY, Russia to Discuss Legal Settlement
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Retailing:
Chico's loss deepens, but beats view; shares rise
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Big Lots 4th quarter sales fall; earnings beat estimates
(DBN Subscription Required)
Ackman's Target Fund Dropped 33% in February, Bringing Total Loss to 93%
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General Growth Said to Get Mall Bids of $400 Million
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Costco Profit Falls on Discounting, Overseas Sales
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Saks's Ability to Tap Real Estate Undermined by Market Drop, Credit Crunch
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Judge approves bonuses for Gottschalks executives
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February Sales Set to Fall for 5th Straight Month
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Store Closings May Send Customers to Survivors
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______________
Gambling:
Station Casinos struggling to survive
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Vegas mogul slams corporate spending backlash; takes swipes at Obama
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Pensions:
Hidden Pension Fiasco May Foment Another $1 Trillion Bailout by Taxpayers
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______________
Layoffs:
Private-sector cut 697,000 jobs in February
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Buffett's Berkshire Will Cut Jobs, Close Facilities After Profit Declines
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Puerto Rico may cut 30,000 government jobs
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Yale University to lay-off up to 300 staff
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Health Care:
Kessler fighting clock to stay open
(DBN Subscription Required)
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Finance:
A $200 Billion Credit-Crunch Buster?
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______________
Televisions:
US Authorities Probe Syntax-Brillian for Missing Millions
(DBN Subscription Required)
______________
Video Games:
Midway Seeking to Pay Ed Boon's Promised $1 Million Bonus
(DBN Subscription Required)
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DIP Financing:
A Bad DIP? Chesapeake Creditors Sue - Bankrupt paperboard company's unsecured creditors tell the court that the debtor-in-possession motion and bid procedures were stacked against them
(DBN Subscription Required)
______________
Telecoms:
Handset Sales Fell 5 Percent In Q4
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Celebs:
No ‘California Love’ For Suge Knight
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Religion:
9th Circuit Rules Vatican Can Be Sued Over Abuse
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Music Industry:
All Virgin Megastores in US to Close by Summer
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_____________
Private Equity:
Masonite, Set to File for Bankruptcy, Reaches Pact With Lenders
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Buffett on the evils of private equity
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_____________
Oil/Gas:
Oil Rise Above $43 as Investors Eye Inventories
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Hallwood Energy to ask to tap cash
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Ausam to wind down in Ch. 7
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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)
Bankruptcy Jobs:
(1)-
(2)-
(3)-
(4)-
(5)-
(6)-
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(8)-
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(10)
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Bankruptcy Reform:
US Rep. Hoyer `Hopeful' For Mortgage 'Cramdown' Vote Thursday
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House likely to vote on cram-down proposal in near future
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Bankruptcy revisited, 3 years after reform
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US House Dems Agree To Changes To Mortgage 'Cramdown' Bill
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Humor:
Bankruptcy Bill
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Fraud:
Madoff prosecution needs more targets - Flap about Ruth Madoff's assets shows failure of investigators
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In Madoff asset search, wife's worth adds intrigue
(DBN Subscription Required)
Madoff Agrees to Give Up Property, Art, Tickets
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Madoff trustee said progressing on claims
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Ike Sorkin and Conflicts of Interest
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Madoff revealed as 'cold-hearted control freak'
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If Madoff Investors Are Sued By The SIPA Trustee And Pay Money Back, Can They File Proofs Of Claim After The Bar Date?
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Madoff hearing's nixed; deal next?
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Madoff Mixup
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BNP Loses Cases Against UBS Over Madoff-Linked Funds
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Luxembourg Seeks Closure of Third Madoff-Linked Fund
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Stanford's Rocky Start
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Bennett Funding bankruptcy finally over
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Man Charged in Loan Fraud Is Linked to Ponzi Scheme
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Rating Agencies:
Tally of Companies at Risk for Downgrades Sets Record, S&P Says
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Fitch: 1 in 3 US Prime & Alt-A RMBS Have Excess Bankruptcy Carve-outs
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Book Reviews:
Housing Slump Has Just Begun, Will Gut Wealth
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Newspapers:
Philly papers investigating taping by creditors
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Furniture:
Better Bedding Files For Bankruptcy , Closes 11 Stores
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Credit Cards:
American Express Cuts Card Limits, Contributes to Decline in Credit Scores
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10 Things Credit Card Companies Won't Say
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Printing:
Quebecor's U.S. unit gets exit loan
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Magazines:
Reader's Digest Said to Hire Law Firm to Explore Possible Bankruptcy Case
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Municipalities:
Florida seeks 5% pay cut for state employees making over $100k
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Illinois At 'Tipping Point,' Report Warns
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Will state pension costs bankrupt us?
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Art:
Arts Get Whacked by Rich as Companies Face Losses in Endowments
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Accounting:
Buffett backs mark to market
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Video Rentals:
Blockbuster Shrs Plunge; Reportedly Mulls Bankruptcy
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Blockbuster: No intention of filing for bankruptcy
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Blockbuster Hires Kirkland to Restructure Its Debt
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Blockbuster seeks capital, not bankruptcy
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Financial Privacy:
Customer data just goes out the door at bankruptcy auctions
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More Visa and MasterCard Accounts Breached
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Tax:
Obama administration supports tax haven crackdown
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IRS eyes wider net to catch US tax cheats
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Feds' Fight With UBS a Clash Between Cultures
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Pressure Grows on UBS Before Senate Hearing
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2000 memo to UBS is a topic at hearing Wednesday
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Concerns Rise on Proposed Obama Tax Changes
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Crime:
'I'm Sorry, I'm Going to Have to Rob Your Store a Little'
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Bankruptcy Statistics:
Cooking the Bankruptcy Numbers
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More US consumers, businesses file for bankruptcy : reports
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US Bankruptcy Filings Surged 37% in February Over Prior Year
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UK:
Bank of England set to boost money supply
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Bank of England Plan Fails Firms Needing Credit Most
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Brown Will Urge World to 'Seize Moment,' Unite on Stimulus Plan
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U.S. banks in big Brit shareholder's crosshairs
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UK Builder Persimmon Loses 625M Pounds in 2008
(DBN Subscription Required)
Pension for departed chief of Royal Bank of Scotland comes under fire
(DBN Subscription Required)
Growth in violence against women feared as recession hits
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Japan:
Japan Considers Loans to Struggling Exporters
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Russia:
Former Russian Oil Baron Back in Court on New Charges
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New Trial of Ex-Tycoon Begins in Russia
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Iceland:
Wall Street on the Tundra
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Switzerland:
For Swiss Banks, an Uncomfortable Spotlight
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Middle East:
Contractors suffer as Dubai payments dry up
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Australia:
Australia's Economy Shrank in Last Quarter of 2008
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Opes' vulture culture shock
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