January 11, 2001  

Daily Bankruptcy News

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Also available on the Web (with links to the news stories)  at:  http://bkinformation.com/News/DailyNews.htm

         
TWA:

Court approves AMR DIP loan; rejects Icahn identical DIP proposal costing less than half

American prepares for rival bids on TWA

American says will not honor Icahn-TWA ticket deal

AMR says TWA deal includes $75 mln breakup fee

TWA seeks court help as AMR buys assets

American May Get More Than It Bargained for in TWA Deal

Former owner Icahn could enter bidding for TWA

Who Gets What in Airline Deals

Despite Chapter 11 filing, TWA opens Jerusalem office

TWA board approves bankruptcy filing

TWA Blames High Fuel Prices

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Movie Theater Industry:

Movie theater operators' crisis nears climax

Loews shutting 72 screens

Denver billionaire buys stake in Regal Cinemas

Deal Could Make Anschutz Largest Owner of Movie Screens in U.S.

Bankrupt Movie Theater Chain Closes Irvine, Calif., Cinema

Regal Cinemas says loan purchases to aid restructuring

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Fueling U.S. Economy's Slide?

Philips Says "Not Seriously Interested" In Lernout & Hauspie

Xerox's Problems May Be Keeping Suitors at Bay

Post-Christmas Blues- Credit Counseling Service Swamped With Work

Ward's Bankruptcy Breaks The Rings That Bound Retailer To Many Customers

Titan Motorcycle Files For Chapter 11 Bankruptcy

  Retail Industry:

Failing anchor stores punch holes in malls

Retailers may be forced to be more business-minded in 2001

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Bankruptcy Reform:

Bankruptcy Reform Efforts Continue - Netting And Chapter 12 Bills Introduced, Larger Package Expected Within 4-6 Weeks

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Power Utilities:

Richardson rejects order forcing power into California

Calif. crisis threatens to spread Utility deregulation, energy shortage send shock waves clear to Washington

PG&E cuts dividend to preserve cash, seeks state aid

Creditors Urged to Help California Utilities; PG&E Warns of Gas Shortage

FERC chief says Calif power crisis goes beyond state

PG&E Says It's Currently Unable To Borrow More Money

California's Largest Public Utility Begs for Help

Power Producer Reliant Energy Sees Dialogue at Washington Summit as a 'First Step'

High gas bills are last gift of Bill and Al

Calif. price gouging claims hard to prove

The Shocking Truth for California

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ICG cuts 500 jobs in restructuring

Service Merchandise to cut about 23 percent of employees in effort to exit Chapter 11

Hollywood Video Struggles For Survival - bankruptcy possible

Time Warner Telecom Finalizes Purchase of GST Assets

In 2000, More Utahns Sought Debt Relief

 

 

New Bankruptcy Opinions
(1 new opinion today)

Japan:

Ex-insurance execs sued for billions

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Korea:

Applicants flock to become bankrupt firm administrators

Seoul to seize W670 bil. from staffs of bankrupt firms

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Canada:

Boeing jobs hang on fate of TWA

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Feds Clear Jitney-Jungle Purchase

Dotcoms:

$50,000 offer may end Toysmart privacy fight

Bad Publicity Contributed to Failure of Fraud Protection Web Site

Online Shopping Card Company Cyberbuck Files for Bankruptcy

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Vlasic:

CEO of Vlasic Foods Resigns - Company still considering bankruptcy

Vlasic, in a pickle, may sell to Heinz - Heinz pursues a buyout of Vlasic just days before the pickle company will be forced to file for bankruptcy

Ailing Vlasic Foods Hires Turnaround Firm, Says CEO Resigned

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FleetBoston Financial Sells $1 Billion In Troubled Commercial Loans

Telecoms:

Employees Say BTI Telecom Has Begun Laying Off Workers

Think Tanks Call for Telecom Policy Changes

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