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DOJ Urges 7th Circuit to Shield Iranian Artifacts From Seizure by Terrorism Victims
While the U.S. and Iran heatedly battle over nuclear disarmament on the world stage, they joined forces last week before the 7th Circuit. The court heard arguments in a case asking whether Chicago's Field Museum and the University of Chicago must give up artifacts purportedly owned by Iran as compensation for victims of a terrorist bombing allegedly sponsored by Iran. The U.S. government as amicus curiae sided with Iran in an effort to overturn a trial court ruling backing the victims' efforts to seize the artifacts.Free Speech Safe if Court Holds for Intel
Letter to the Editor: Free Speech Safe if Court Holds for IntelRevenue Growth Modest at Many Firms, But Profits Surge
Add a little bit of revenue. Subtract partners. Control costs. That formula helped a number of California law firms boost their profitability last year despite shaky demand for legal services.This Week's Winners and Losers
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Forced combinations prop up the market
Crisis combinations of banks and financial services companies propped up last year's weak U.S. mergers and acquisitions market, which was battered by volatile stocks markets, the credit crisis and deals that withered before closing. There was almost a "forced consolidation" of major parts of the banking and insurance sectors due to the economic and credit crisis, said Jim Woolery, a corporate partner at New York's Cravath, Swaine & Moore.Morgan Stanley profit jumps, tops forecasts
NEW YORK AP - Morgan Stanley said Wednesday its second-quarter net income rose to $1.58 billion, easily topping forecasts as its Smith Barney brokerage helped the bank recover from a loss a year ago.Morgan Stanley joined other banks in reporting that its trading revenue fell from the first quarter, the result of the stock market's spring plunge.Trending Stories
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