NEW YORK (Reuters) - Law firm Dewey & LeBoeuf notified U.S. attorneys and staff on Friday that they could face mass layoffs, in the starkest sign yet that Dewey could be on the verge of collapse. "Although we continue to pursue various avenues, it is possible that adverse developments could ultimately result in the closure of the firm, which would result in the termination of your employment," th
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Law firm Dewey warns of possible closure
From http://news.yahoo.comBuffett reassures investors: 'I feel terrific'
From MSNBC.com
Weeks after revealing that he has prostate cancer, billionaire investor Warren Buffett tried to reassure thousands of investors Saturday that his Berkshire Hathaway conglomerate will be in good hands after he steps down.
Wall Street Week Ahead: All eyes on European elections
From http://news.yahoo.com
NEW YORK (Reuters) - After Wall Street ended its worst week of the year on Friday, U.S. stock investors will look across the Atlantic next week to take their cue from Europe as France and Greece go to the polls. That could offer some respite from a string of weak U.S. economic data and the earnings season winding down. Markets worldwide have closely watched developments in Europe for the past sev
Yahoo CEO's resume snafu could get him booted
From MSNBC.com
By having an 'error' in his credentials, Yahoo CEO Scott Thompson is now the target of shareholders who want him out. He's not the first CEO to have some background embellishment.
Exclusive: Ex-Dewey executive director hires counsel: source
From http://news.yahoo.com
NEW YORK (Reuters) - Dewey & LeBoeuf has dismissed its executive director and he has retained a prominent criminal defense lawyer, a source close to the matter said, as the New York law firm suffered even more defections from its overseas offices. Stephen DiCarmine, until recently one of the highest ranking executives at the firm, was terminated within the last week, the source said. Last week, t
Job growth goes cold as campaign heats up
From MSNBC.com
Spring usually means a thaw, but that's not the case for the job market. The burst of hiring that came last winter, apparently was a reprieve in the slowest recovery in 60 years.
Wall Street slumps after weak payrolls report
From http://news.yahoo.com
NEW YORK (Reuters) - U.S. stocks slumped on Friday after a weaker-than-expected payrolls report cast doubts on the strength of an economic recovery. The Labor Department said employers decreased hiring for the third straight month, adding 115,000 workers, below forecasts of 170,000. The unemployment rate ticked down to 8.1 percent from 8.2 percent. "115,000 (jobs) increased the probability of (th
US hiring taps the brakes again in April
From MSNBC.com
The U.S. economy generated fewer jobs than expected in April, but the unemployment rate dipped slightly and data from prior months was revised upward.
