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California Credit Rating Lowest in U.S.
S&P cut California's credit rating to the lowest level among all 50 states due to a budget impasse between Gov. Schwarzenegger and state lawmakers.
WSJ.com

TPG breaks off talks over stake sale -FT
LONDON, Feb 3 (Reuters) - U.S. private equity firm TPG[TPG.UL] has broken off talks to sell a stake in itself toinvestors including Kuwait's sovereign wealth fund and twoCalifornia state pension funds, the Financial Times reported.
Reuters

Dutch fire salvo at London`s tax cut
The UK's cut in value added tax and the do-nothing stance of some European Union states to the financial crisis have been criticised by Wouter Bos, Dutch finance minister
Financial Times

eWeek Newsbreak, Feb. 3, 2009
According to Forrester Researchs five-year e-commerce forecast, e-commerce in the United States will climb back to last year's levels by 2010. They say online sales in 2010 could reach approximately $176.9 billion, representing 13 percent growth.Microsoft released the Windows 7 and Windows Server 2008 R2 Ecosystem Readiness Program. The new program provides tools and resources that partners need to begin testing their existing applications, devices and systems to ensure compatibility with Windows 7 and Windows Server 2008 R2.IBM and the Department of Energys Lawrence Livermore National Laboratory have signed a new contract to build the next generation of IBMs BlueGene supercomputers at the famed DOE facility. The latest update to Google Earth includes several new features to view, including the three-dimensional renderings of the ocean floor, historical satellite imagery and maps of Mars. According to an Evans Data survey, a broad majority of developers say they expect the develop
eWeek

Small Denver Firm Benefits From Geography, Size and Diversification
Denver firm Fairfield and Woods is on a Rocky Mountain high. Well, maybe not a high, but things are looking relatively rosy for the 42-attorney shop. The law firm is slowly growing at a time when many others are shedding lawyers, and business held steady in 2008, when others saw a falloff. Leaders at Fairfield and Woods acknowledge that geography, size and diversification have helped it avoid some of the competition's problems. 'It's a pretty good time to be a lawyer in Denver,' said partner John Eckstein.
Law.com

Insurance Regulation - Florida Braces As State Farm Waves Goodbye
Did you know that State Farm Insurance just stopped writing policies in Florida? Learn more as you read this article.
E-Zine

Butler to serve Ticketmaster
Business News: Exec named president of North American arm -- Dave Butler has been named president, Ticketmaster North America, responsible for the company's primary ticketing business in the United States and Canada.
Variety

Pierce Atwood Lays Off Attorneys, Staff While Planning Expansion
Maine law firm Pierce Atwood has confirmed layoffs of seven attorneys and 14 staff members in Maine and New Hampshire, but meanwhile says it plans to expand the firm's Boston and Rhode Island footprint. Managing partner Gloria A. Pinza said the firm is in the process of adding three attorneys to the Boston office, and plans to open a Providence, R.I., office with two new lawyers. 'When the economic climate is so uncertain and tenuous, we have to align our resources where the client needs are,' Pinza said.
Law

Lawyer Can`t Reduce Alimony, Support Payments by Citing Dwindling Practice
In a lesson in frugality, a New Jersey appeals court has denied a lawyer's request to reduce his alimony and child support payments due to his firm's dwindling performance. The appellate court affirmed the lower court's decision to reject attorney Gregory Donnelly's second attempt at a reduction, noting that the court 'correctly focused on Gregory's inequitable attempt to have [his ex-wife] and their children bear the brunt of the luxurious lifestyle Gregory adopted with his new wife.'
Law.com

January auto sales remain chilly
The weak economy continued to take its toll on the auto sector in both Canada and the United States, with many manufacturers reporting weak January sales.
CBC.ca

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