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In the wake of the decline, Mr. Bowman's chief partner, John Hurley, is considering leaving the firm.
Shepherd, whose business has risen to prominence in the wake of the decline of the shipbuilding industry, said: "This industry will build on our proud history, our skills and our ambition.
Los Angeles, in particular, offers a case study of the kinds of spaces and events that arise in the wake of the decline of lesbian nightlife.
Rather it is a return of the world of Barbary piracy in the wake of the decline of the Ottoman Empire or of Europe after the fall of Rome.
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The new regime in Qatar has curtailed its regional interventions in the face of more robust Saudi initiatives in Syria and Egypt, and in the wake of the relative decline of the Muslim Brotherhood in Egypt and across the region.
Home construction had remained strong in a weakening economy, but builders say that in the wake of the attacks, declining home sales have forced them to pull back.
In the wake of the enormous declines in the United States on Friday and earlier today in Asia, European markets had been braced for a similarly brutal drop, particularly in the technology and Internet shares that seemed to have lost their appeal.
Budget airline Flybe had a late run, benefiting from cheaper fuel costs in the wake of the oil price decline, while the recruitment group Hays did well in its key areas of Britain, Australia and Germany.
The stock of Europe's second-largest publicly traded retailer, Hennes & Mauritz of Sweden, plunged after its chief executive, Fabian Mansson, quit in the wake of the first profit decline in four years.
But, in the wake of the recent ratings declines, Mr. Johnson said there had even been discussions inside CNN about changing editorial direction.
The market for start-ups has also dimmed, in the wake of the sharp stock declines of Facebook, Zynga and Groupon, the once high-flying threesome that was supposed to lead the next Internet boom.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com