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There was more grim news for retailers as early retail sales figures released Thursday morning show that January sales were down. More and more retailers such as Fortunoff Fine Jewelry and Silverware LLC are filing for Chapter 11, but the lack of consumer spending is making it tough for retailers to get exit financing, according to experts. At the TMA/The Deal's Distressed Investing Conference, Ed Weisfelner of Brown Rudnick Berlack Israel LLP, Ron Greenspan of FTI Consulting Inc. and Michael Cox of the Seabury Group were on a panel that examined if there still are deals to be done in retail and how to restructure in the current economy. - Maria Woehr
Steptoe & Johnson LLP hired Brigida Benitez as a partner in the international regulation and compliance and commercial litigation practices in Washington. For other updates launch today's Movers & shakers slideshow.
In this video, Bruce Aust, Nasdaq's EVP of the global corporate client group, explains its acquisition strategy, which has recently included several companies in the corporate solutions business. More video
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