Helping Hand: Federal regulators overseeing Fannie Mae and Freddie Mac, the biggest buyers of American home mortgages, will remove limits on the amount of loans and securities the companies can own.
New Direction: Cadwalader, Wickersham & Taft has made a change at the top. The New York-based law firm announced Wednesday that Robert O. Link, its longtime chairman and managing partner, would relinquish the position of chairman to W. Christopher White, effective March 1.
Pickoff: Reed Smith made another move in China after picking off a Beijing office of Dewey & LeBoeuf.
19 Years Later: The Supreme Court on Wednesday seemed to indicate that the $2.5 billion punitive damage award against Exxon Mobil Corp. for the massive Exxon Valdez oil spill 19 years ago was too much. But they were also unwilling to throw out the award.