2/28 washingtonpost.com - Business

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. washingtonpost.com - Business Latham & Watkins Cuts 190 Lawyers February 28, 2009 at 12:00 am In a vivid illustration of how the global recession is battering the legal profession, Latham & Watkins, one of the largest law firms in the nation, announced yesterday that it will let go 190 lawyers and 250 paralegal and support staff. Brokers Defend Retention Payouts February 28, 2009 at 12:00 am Handsome pay packages for brokers totaling billions of dollars have turned the public spotlight on another corner of Wall Street compensation: retention pay. Banks Asked to Pay More to Boost Fund February 28, 2009 at 12:00 am The banking industry faces a $27 billion assessment this year to replenish the federal insurance fund that protects most bank deposits, further reducing the money available to support new lending. As Task Force Debuts, Some Ask: Who Is Middle Class? February 28, 2009 at 12:00 am PHILADELPHIA, Feb. 27 -- Commentators left and right have reacted with awe to the ambition and transformative potential of President Obama's economic blueprint. But the debut of Vice President Biden's Middle Class Task Force here Friday suggested that the administration will be selling its plans in... Stimulus Provision May Inhibit Watchdog Investigations, Critics Warn February 28, 2009 at 12:00 am The Obama administration pushed through a provision in the $787 billion stimulus package that gives an oversight panel headed by a White House nominee powers to ask that independent watchdogs call off their investigations. 'Fred the Shred' Puts Face on British Banking Crisis February 28, 2009 at 12:00 am LONDON, Feb. 27 -- In the British popular imagination, the global financial crisis now has a name, and it is Fred. Taking on a Tenant To Ease the Burden February 28, 2009 at 12:00 am Alan Rickert didn't set out to be a landlord. When he bought a one-bedroom condominium in Shirlington in 2005, he was sure rising prices would guarantee that he could sell in a pinch. The Digital Divide February 28, 2009 at 12:00 am A Pew Internet and American Life Project studying who uses broadband at home found that: Stocks Down Slightly, Recovering From Steep Early Losses February 27, 2009 at 2:20 pm Stocks pared back steep losses that came after government data showed the economy shrank faster than expected during the final three months of last year and Citigroup announced new government efforts to save the firm. Economy Shrinks at Faster-Than-Expected 6.2% Pace February 27, 2009 at 1:49 pm The U.S. economy shrank by a larger-than-expected annualized rate of 6.2 percent during the final three months of 2008, the worst showing in about 25 years, according to a revised government estimate out today. Government to Take Bigger Stake in Citigroup February 27, 2009 at 10:14 am The federal government will take up to a 36 percent ownership stake in Citigroup in a deal designed to reassure investors that the troubled New York bank can survive its mounting losses, Citigroup announced this morning. Lloyds Deals Second Blow to British Banking Industry February 27, 2009 at 10:05 am LONDON, Feb. 27 -- Lloyds Banking Group on Friday reported 2008 losses of 10.8 billion pounds, or about $15.3 billion, a second blow to the British banking industry following Thursday's historic losses reported by the Royal Bank of Scotland. World Bank To Offer Aid to Eastern Europe February 27, 2009 at 12:00 am The World Bank and two European development banks are expected to announce today in London that they will provide $31 billion over two years to shore up ailing banks and businesses in Eastern and Central Europe, attempting to forestall a financial meltdown that also threatens the stability of ban... Bank Failures Take Toll on Insurance Fund February 27, 2009 at 12:00 am The federal insurance fund that protects most bank deposits is being drained by a sharp rise in bank failures and has dwindled to its lowest level since 1993, the Federal Deposit Insurance Corp. reported yesterday.   This email was sent to autoblogs077@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.