January 15, 2001 Daily Bankruptcy News

January 15, 2001 Daily Bankruptcy News Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims Also available on the Web (with links to the news stories) at: http://bkinformation.com/News/DailyNews.htm

TWA: St. Louis- TWA sale could sting D'Arcy, landlords($) Another kind of piracy in the skies Icahn Makes Bid To Spoil TWA Takeover By American($) Icahn, Las Vegas company threaten suit over TWA, American deal($) Icahn May Sue American to Keep Contract($) Cash-Hungry TWA Takes Financing Offer Carl Icahn wades into AMR-TWA deal($) Icahn lawyer says TWA rejected deal to avoid bankruptcy($) TWA's Frustration: The captain couldn't reverse years of loss($) ______________ Power Utilities: California governor asks Clinton's aid on supplies($) Calif. Gov. to Push Plan to Buy Power($) Will bankruptcy dim California's lights?($) PG&E Corp. wins regulatory approval to change corporate structure to shield assets from utility debacle($) State Purchased Electricity When Utilities Couldn't($) Proposal could ease power crisis in Calif.($) Dark Days For PG&E($) California governor says his plan will restore stability to utility industry Calif. Gov wants state to buy power for near bankrupt utilities($) Blame California's energy crisis on botched deregulation Federal bill to cap Calif. wholesale power prices($) Calif. power crisis slows deregulation in other states Deadline looms in California power crisis($) White House Says Calif. Must Act on Power Crisis($) Texas Power Suppliers Shun Bad Guy Label($) PG&E's staff cuts mean service cuts, too Knocking on D.C.'s Door California's Energy Future Looks Dim Calif. Frustration with Power Crisis Grows($) SoCal Edison Executive Says Utility Will be Unable to Pay CalPX($) What Happens if the Utilities Go Bankrupt?($) Calif. utility head says no real action on power crisis($) Credit crisis seen adding to Calif. blackout threat($) State leaders pledge legislation to buy electricity immediately($) Consumers shouldn't bail out California utilities _____________ North Carolina- Several Banks A Risk For Defaults($) Ag giant Tri Valley set to grow out of bankruptcy Ex-corporate raider Bilzerian ordered to prison($) CEO of Salt Lake City-Based Factory Software Company Cimetrix Files for Bankruptcy	Bankruptcy Reform: Bankruptcy reform could aid landlords with leases($) Bankruptcy reform to get another shot under Bush($) _____________ Bankruptcy Judge Speaks Out About How Not To Win In His Courtroom($) Experts- Drop in bankruptcies not a trend($) Casino Owner, JCC Holding Company, Files Disclosure Statement Outlining Agreement With Bondholders, Banks and Harrah's Entertainment, Inc. Harnischfeger disputes state's severance claims Wards' demise paves way for new retail Economy: After nine years of growth, a slower, uncertain economy Economic slowdown means business increase for some($) _____________ Steel Industry: U.S. steel industry melts down Some LTV Retirees Will Go Unpaid($) Steelmakers grapple with plummeting prices Steelmaker CSC Ltd. files for bankruptcy protection, cites oversupply($) ____________ Appraisal Institute Calls for Congressional Hearings to Curb Undue Lender Influence($) Bankrupt nursing home CEO gets $55 million departure deal($) Tacoma, WA: Vanalco Files For Chapter 11 Bankruptcy Retailing: Store Closures May Chill Real Estate Slow Economy Could Kill Off Some Retailers($) _________ Anna Nicole: Marshall said marrying Smith was mistake, nurse testifies ___________ Gaming Industry: New Orleans, LA: City, governor ready for concessions, but is the Legislature($) Governor agrees to deal cutting Harrah's casino tax($) MGM MIRAGE, Venetian explain their decision against investing in National Airlines on eve of bankruptcy($) Outspoken judge with blue-collar roots tackling LTV case($) U.S. Steel Requests Temporary 8 Percent Cut In Vendor Prices($) LTV’s tax treatment traces to’86 bankruptcy ____________ Outboard Marine: Manufacturer's bankruptcy hands companies challenge- Outboard Marine puts Chris-Craft on market Soros took bath with Outboard Marine Corp. investment($) ____________ American Homestar's Bankruptcy Filing Stirs Talk of Who's Next($) Chicago Building Materials Firm Takes $1 Billion Charge To Cover Asbestos Claims What's going to happen to Crowe Rope?	New Bankruptcy Opinions (1 new opinion today) England: Insurer collapses amid rising asbestosis claims ____________ Korea: Korea sees Daewoo Motor sale progressing Korean government sees GM decision on Daewoo by end of February _____________ Hungary: Hungary to Sue Auditors Arthur Andersen, Deloitte and Touch and Prudentia after Postabank Goes Bankrupt($) ____________ Movie Theater Industry: Loews Cineplex reportedly preparing bankruptcy protection filing($) Loews Cineplex in talks with GE Capital-Globe and Mail($) The Last Picture Show($) Imax Sees Turmoil Another 12-18 Months($) Loew's Cineplex prepares cash-crunch financing ____________ Service Merchandise: bankruptcy dilemma not likely to end soon($) Outlets for Tension: Prime Retail's Malls Need to Produce to Pay for Last-Minute Rescue Sunshine Laser bankrupt Operating costs downfall for low-price providers Dotcoms: Darwin Bankruptcy Won't Affect Cincinnati Office GovWorks shutdown? Seeks Chapter 11 protection Court Dismisses Involuntary Petition Filed Against Businessmall.com Even as 'Net firms burn cash, smart investors smell opportunity Dotcoms Abandon Super Bowl 100 HarvardNet customers suffer Internet blackout ____________ Telecoms: Bazillion goes quietly into that long dark night($) _____________ Bradlees: Bradlees to close New Milford store Ex-owner Stop & Shop acts to aid troubled Bradlees sell store leases($) ____________ Restructuring . . . CNN, NBC To Cut Hundreds of Jobs EMusic prepares layoffs, restructuring Intershop Initiates Global Restructuring _____________ Louis H. Kornreich Appointed Bankruptcy Judge In Maine Asbestos harms corporate health as lawsuits grow($) Government Disposes Of Uniroyal Technology Shares Received By EPA As Bankruptcy Dividend($) Empire Of Carolina Receives Final Notice of AMEX Delisting Weather Forecast: Enter City, State, or Zipcode: