More than two-thirds of the gauges on Janet Yellen’s labor-market dashboard are still showing worse readings than before the recession, reinforcing her belief that the economy will need “extraordinary support” from the Federal Reserve for “some time to come.”
Morrison & Foerster LLP represents Softbank Corp., which agreed to buy a stake of about 70 percent in Sprint Nextel Corp. for $20.1 billion as Japan’s third- biggest mobile-phone operator seeks growth overseas amid a declining local market. Skadden Arps Slate Meagher & Flom LLP served as lead counsel to Sprint.
Nomura Holdings Inc. is reviewing the financial viability of Nomura Code Securities Ltd., the Japanese bank’s U.K. brokerage specializing in health and clean- technology companies, said a person with knowledge of the matter.
Kirkland & Ellis LLP partner Mark Filip and Gibson Dunn & Crutcher LLP’s Joseph Warin led the negotiations with the U.S. government for BP Plc, which reached a $4.5 billion settlement to end criminal charges against the company and resolve securities claims relating to the worst U.S. oil spill, according to court documents.
New strategies are needed to take advantage of scientific breakthroughs that promise to break the back of an AIDS epidemic that last year killed more than 4,000 people a day worldwide, U.S. and global officials said.
The White House is poised to release the country’s first comprehensive domestic strategy against AIDS, as funds to prevent infections have failed to halt the epidemic in those most at risk of the disease, AIDS groups said.