January 18, 2001 Daily Bankruptcy News

January 18, 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

Power Utilities: California orders blackouts as power crisis escalates (DBN Subscription Required) Calif Gov: 4 Generators To Force Utils Into Bankruptcy (DBN Subscription Required) Bush Team Says Calif Power Crisis Up To State To Solve (DBN Subscription Required) Blackouts roll through California; 500,000 people lose power with little warning (DBN Subscription Required) State of emergency - Portions of the Bay area go dark for two hours as California's deregulated power market nears collapse (DBN Subscription Required) Calif. Faces 2nd Day of Blackouts (DBN Subscription Required) Davis puts Calif into power market (DBN Subscription Required) PG&E Loses Remaining Credit Lines (DBN Subscription Required) California Orders Rolling Blackouts (DBN Subscription Required) Stake in Edison not so bright? - Orange County Treasurer asked to explain $40 million investment in the staggering utility (DBN Subscription Required) California's bright economic lights flicker (DBN Subscription Required) Ratepayers Forgotten in Case of Bankruptcy (DBN Subscription Required) Ace Ltd. Unit Has $140 Million Exposure To Calif. Utilities (DBN Subscription Required) Power: Who Is the Real Freeloader? (DBN Subscription Required) Calif. power situation volatile - Bankruptcy "would add another layer of uncertainty" (DBN Subscription Required) City Council Tells Utility To Continue Selling Outside L.A. (DBN Subscription Required) California Governor's Tough New Stand May Halt Power Crisis (DBN Subscription Required) Bill OK'd to Let California Sell Power (DBN Subscription Required) FERC gives SoCal until Thursday to pay California PX (DBN Subscription Required) Some Californians lose power as second utility fails to pay debts (DBN Subscription Required) Energy Crisis Worsens for Washington State As California Power Sources Dry Up (DBN Subscription Required) Power Shortage Shuts Some California Schools California's power costs zap businesses Whole nation could feel pain as prices of goods increase (DBN Subscription Required) Cold Snap Adds to Calif. Power Woes PG&E, Pacific G&E Default on Some Paper (DBN Subscription Required) 'Lights will go out' if utilities miss bills (DBN Subscription Required) Calif. crisis gives alternative power stocks jolt of energy Other States' Experiences: Market-based Approach Can Effectively Address California's Utility Crisis (DBN Subscription Required) ______________	Chiquita: Chiquita considers Chapter 11 bankruptcy (DBN Subscription Required) Chiquita troubles decade old (DBN Subscription Required) Prominent Banana Harvester Falters on Precarious Precipice of Bankruptcy (DBN Subscription Required) Chiquita Struggles To Survive (DBN Subscription Required) Chiquita debt rating falls (DBN Subscription Required) Chiquita President Says Company 'Healthy, But Too Much Debt' (DBN Subscription Required) ___________ Northpoint: NorthPoint files for bankruptcy (DBN Subscription Required) Can NorthPoint Pull Off The Great Escape? (DBN Subscription Required) _____________ Movie Theater Industry: Loews Cineplex Delays Earnings Results (DBN Subscription Required) _____________ Dotcoms: Bazillion.com unable to get more money (DBN Subscription Required) Garden.com Sells Assets to Walmart.com, Burpee Earnings Optimism Fuels Dot-Com Advance Web, bankruptcy feed off each other (DBN Subscription Required) Pets.com Preps For Dog House In The Sky (DBN Subscription Required) _____________ Airlines: Pro Air recalls some key execs (DBN Subscription Required) Legend Airlines waits for promised money (DBN Subscription Required) Grounded Airlines Poised for Takeoff (DBN Subscription Required) Legend Airlines to resume flights soon (DBN Subscription Required) ______________ Philadelphia, PA: Liberty Belle cruise ships files for bankruptcy (DBN Subscription Required) Imperial Sugar Company Receives Bankruptcy Court Approvals (DBN Subscription Required) Economy: Federal Reserve Says Economy Slowed in December, Labor Pressures Eased (DBN Subscription Required) ________________ Going Belly Up? Call Us! Slowing Economy Has Law Firms Expanding to Accommodate Pickup In Business Bankruptcies (DBN Subscription Required) Crown Vantage Specialty Business Asset Sale Approved By Bankruptcy Court (DBN Subscription Required) Warren, Ohio, Steelmaker CSC Appeals to Court to Continue Operations (DBN Subscription Required) Phoenix, AZ: Bankruptcy Court OKs School Sale By Tesseract Group (DBN Subscription Required)	New Bankruptcy Opinions (2 new opinions today) Holland: LetsBuyIt.com files for bankruptcy Recipeweb.com seeks vital ingredient _______________ Canada: B.C. alarmed as California utility faces bankruptcy (DBN Subscription Required) ____________ Anna Nicole: Texas State Court Judge Says Federal Bankruptcy Judge Made Several Errors In Smith Award (DBN Subscription Required ___________ Will the Aftershocks of the Next Quake be Financial? Most Californians are Financially Unprepared for an Earthquake HomePlace: HomePlace of America Inc. Initiates Voluntary Reorganization; Obtains Commitment... (DBN Subscription Required) HomePlace lines up DIP financing (DBN Subscription Required) ____________ Restructuring . . . Resignation Latest Among CNN Shake-ups (DBN Subscription Required) Internal CNN Memo Warns: Hard Times Ahead (DBN Subscription Required) GE Says Profit Rose 16%, Warns of Significant Layoffs After Honeywell Deal (DBN Subscription Required) Video chain West Coast Video closing stores after years of expansion to try to avoid going out of business (DBN Subscription Required) ____________ Globalstar Is Next Satellite Fatality (DBN Subscription Required) Morris Material Hopes To Exit Bankruptcy This Year (DBN Subscription Required) Outboard Marine: Currency Speculator Soros May Lose Investment in Outboard Marine (DBN Subscription Required) Who will carry on the outboard motor legacy of Johnson and Evinrude? (DBN Subscription Required) _____________ Chesapeake: Bankrupt contractor will finish highway (DBN Subscription Required) TWA: Icahn might make a bid for TWA (DBN Subscription Required) American Airlines-TWA Merger Has May 31 Walkaway (DBN Subscription Required) ____________ Lernout & Hauspie: Court To Hear Request For L&H EGM Deadline Extension Friday (DBN Subscription Required) Fallout at L&H after Duerden ouster (DBN Subscription Required) ______________ Weather Forecast: Enter City, State, or Zipcode: