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{ Monthly Archives } January 2009

In re Ran and In re Loy: Habitual Residence and the Center of Main Interests Test

  In this Emerging Issues Analysis, Daniel Glosband discusses In re Loy and

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2009 01 30 Baxter & Baxter, LLP Uncategorized Comments (0)

Commercial paper makes record weekly plunge

NEW YORK – (AP) Commercial paper posted its biggest weekly plunge ever, as banks sold more long-term debt instead to finance their operations.   The amount of commercial paper outstanding in the market dropped by $98.8 billion to a seasonally adjusted $1.59 trillion in the we

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2009 01 30 Baxter & Baxter, LLP Uncategorized Comments (0)

On second thought, never mind about that bailout

(AP) A small but growing number of community banks are backing out of the government’s bailout, which they see as fraught with hidden strings and government interference.   

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2009 01 30 Baxter & Baxter, LLP Uncategorized Comments (0)

Baltimore Examiner closing after Feb. 15 editions

BALTIMORE – (AP) Less than three years after its launch as the city’s second daily newspaper, The Baltimore Examiner is shutting down, a victim of slower-than-expected ad sales.   Employees of the free tabloid were informed of the closure Thursday morning.

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2009 01 30 Baxter & Baxter, LLP Uncategorized Comments (0)

Ford says it will not aid supplier Visteon

UNITED NATIONS – (AP) U.S.

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2009 01 30 Baxter & Baxter, LLP Uncategorized Comments (0)

Chrysler could get access to nearly all Fiat cars

DETROIT – (AP) Chrysler LLC said Thursday that a proposed alliance with Fiat Group SpA would give the U.S. automaker access to nearly all Fiat vehicles.   The company said the linkup would give Chrysler fuel-efficient small cars and save the Auburn Hills, Mich.-based

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2009 01 30 Baxter & Baxter, LLP Uncategorized Comments (0)

Expert: US home prices to slide 6 percent in 2009

DAVOS, Switzerland – (AP) U.S. housing prices are likely to decline another 6 to 7 percent in 2009, with no signs yet of bottoming out, a leading economist said Thursday

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2009 01 29 Baxter & Baxter, LLP Uncategorized Comments (0)

Ex-Goldman lobbyist now Geithner’s right-hand man

WASHINGTON – (AP) The White House on Wednesday defended Treasury Secretary Timothy Geithner’s choice of Mark Patterson an ex-lobbyist from Goldman Sachs to be his chief of staff.

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2009 01 29 Baxter & Baxter, LLP Uncategorized Comments (0)

Billions more needed for financial rescue

WASHINGTON – (AP) The Obama administration is developing proposals to help rescue the banking system that could cost taxpayers hundreds of billions of dollars beyond the $700 billion bailout Congress already has approved.

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2009 01 29 Baxter & Baxter, LLP Uncategorized Comments (0)

Lehman bankruptcy examiner begins investigation

NEW YORK – (AP) Lehman Brothers ‘ court-appointed examiner said Wednesday that he has started his investigation.   The examiner, Anton Valukas, is a former federal prosecutor and a spe

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2009 01 29 Baxter & Baxter, LLP Uncategorized Comments (0)