January 19, 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:

Bond insurers to pay Calif debt claims (DBN Subscription Required)

CalPX to liquidate SoCal Edison forward contracts (DBN Subscription Required)

As Power Grid Fails, Courts in San Francisco Zapped (DBN Subscription Required)

Financial Ripples: Investors, businesses and regulators tried to figure out what would happen if the state's two biggest utilities went bankrupt (DBN Subscription Required)

In doomsday plan, lights would be off 12 hours a day (DBN Subscription Required)

California Once Again Cuts Power in North Part of State (DBN Subscription Required)

Financial pain of utilities translates into handsome profits for Duke Energy (DBN Subscription Required)

Bankruptcy Judge May Be Solution to California Energy Crisis (DBN Subscription Required - NYT: free registratiion required)

Turning Out the Lights of the Nation? - Country Could Face Electric Woes Much Like California’s (DBN Subscription Required)

SF City Attorney Sues Power Suppliers (DBN Subscription Required)

Unplugged: Are Businesses Ready? (DBN Subscription Required)

PUC Rejects S. Calif. Edison's Plan (DBN Subscription Required)

Resentment Mounts in Calif. Crisis (DBN Subscription Required)

Blackouts hit California (DBN Subscription Required)

PG&E warns could lose 36 pct of gas supply by Jan 23 (DBN Subscription Required)

Bush Team Quiet on Power Crisis (DBN Subscription Required)

O.C. School Funds in Edison Bonds (DBN Subscription Required)

Energy Secy nominee says monitoring Calif power crisis (DBN Subscription Required)

Power cuts cause chaos in California (DBN Subscription Required)

Utility troubles felt far down the line (DBN Subscription Required)

Roll Back the Dark (DBN Subscription Required)

Calif senator--Power crisis threatens world economy (DBN Subscription Required)

Electricity Crisis Eclipses Rapidly Rising Gas Rates (DBN Subscription Required)

California Fears Utility Bankruptcies (DBN Subscription Required)

Orange County Treasurer Moorlach Feels Pain of School Losses (DBN Subscription Required)

Fresh blackouts slam crisis-hit California (DBN Subscription Required)

Southern California Edison Defaults on Hundreds Of Millions Of Dollars Of Power Bills and Bond Payments (DBN Subscription Required)

Calif. utility bankruptcies could cost billions (DBN Subscription Required)

Californians Say Energy Crunch 'Big' Economic Threat (DBN Subscription Required)

Without government orders, PPL, worried about getting paid, won't turn lights back on (DBN Subscription Required)

Full-blown power crisis looms (DBN Subscription Required)

Fitch Cuts Pacific Gas and Electric Ratings (DBN Subscription Required)

(cont. in second column)

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  TWA:

American To Honor TWA's Flyer Miles (DBN Subscription Required)

Leadership of American and TWA Pilot Unions Meet: 'A Positive First Step' (DBN Subscription Required)

TWA Problems May Dim Future of Long Beach, Calif., Built Jetliner (DBN Subscription Required)

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Intrenet and subs file Chapter 11 (DBN Subscription Required)

Economy:

Treasurys Climb as Dismal Manufacturing Data Raise Hopes for Aggressive Rate Cut (DBN Subscription Required)

US slowdown taking toll across country (DBN Subscription Required)

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Steel Industry:

Steelworkers and Companies Outraged Over U.S. Assistance to Chinese Steel Plant (DBN Subscription Required)

Just 2 Steelmakers Are Seen Posting Profit Amid Oversupply, Falling Prices (DBN Subscription Required)

Solution for big steel lies in consolidation (DBN Subscription Required)

Economy slowing everywhere but N.Y., Calif., survey shows (DBN Subscription Required)

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Telecoms:

Northpoint Blames Verizon For Chapter 11 (DBN Subscription Required)

Baby Bells May Be NorthPoint Scavengers For A Pittance (DBN Subscription Required)

Broadband Woes Continue (DBN Subscription Required)

Vectris seeks Chapter 11 shelter (DBN Subscription Required)

Globalstar defaults: "stock worthless" (DBN Subscription Required)

DSL Doldrums (DBN Subscription Required)

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Tri-Valley:

Tri Valley split in three (DBN Subscription Required)

Co-op outlines payoff plans (DBN Subscription Required)

Tri Valley to be broken up, sold (DBN Subscription Required)

Buyers to slice Tri-Valley in 4 parts (DBN Subscription Required)

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Burnham REIT To Liquidate 19 Centers (DBN Subscription Required)

Bankruptcy Reform:

Follow The Money (DBN Subscription Required)

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Indianapolis,IN: 'The region' hits rock bottom (DBN Subscription Required)

Big debts may force Sunbeam into bankruptcy (DBN Subscription Required)

Power Utilities (cont.):

Senators warn Energy designee to address power crisis immediately (DBN Subscription Required)

Bush Spurns Idea of Energy Bailout As Darkness Descends (DBN Subscription Required)

It's Deja Vu All Over Again on Energy Crisis (DBN Subscription Required)

New Mexico Senator Asks for Delay in Electricity Competition (DBN Subscription Required)

Power outages spread in California (DBN Subscription Required)

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New Bankruptcy Opinions
(No new opinions today)

Canada:

Superstar Group seeks creditor protection (DBN Subscription Required)

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England:

Drug test firm confident of avoiding bankruptcy (DBN Subscription Required)

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CEO says Sears set to weather economic woes (DBN Subscription Required)

Vencor Receives Court Approval to Extend Maturity of Its Debtor-in-Possession Financing (DBN Subscription Required)

Dotcoms:

Letsbuyit.com trustees slam 'deplorable' management (DBN Subscription Required)

eToys unable to pay some bills (DBN Subscription Required)

LetsBuyIt fights bankruptcy (DBN Subscription Required)

1-800-AUTOTOW, Inc. Files for Chapter 11 (DBN Subscription Required)

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Dynacare announces signing of purchase and sale agreement for assets of bankrupt Medical Arts Laboratory, Inc., Southern Medical Arts Laboratory, Inc. (DBN Subscription Required)

Lernout & Hauspie:

Daimler, Lernout talk deal (DBN Subscription Required)

Lernout & Hauspie Chairman Pieper Unexpectedly Quits After Two Months (DBN Subscription Required)

L&H's New CEO In Quest For Capital (DBN Subscription Required)

Lernout & Hauspie Chairman Roel Pieper resigns (DBN Subscription Required)

Bankruptcy judge allows patent litigation against Lernout (DBN Subscription Required)

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Movie Theater Industry:

Now slowing - Bankruptcy may soon be coming to a theater near you (DBN Subscription Required)

Loew's Cash Blues (DBN Subscription Required)

Bankruptcy in Canada may not affect Loews' notes (DBN Subscription Required)

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Owens Corning hopes $70 million bonus plan will keep top employees (DBN Subscription Required)

Harrah's Entertainment Anticipates Fourth-Quarter Loss Due to Write-offs Related to New Orleans Casino and National Airlines (DBN Subscription Required)

Bankruptcy strands Phila.-based cruises (DBN Subscription Required)

Aryan Nations Property on Auction (DBN Subscription Required)

Writing on wall: Colorado Pen Co. files bankruptcy (DBN Subscription Required)

Restructuring . . .

Investment bankers feeling the pinch of the bear market (DBN Subscription Required)

Mitsubishi Motors to unveil restructuring soon (DBN Subscription Required)

ABC cuts costs, while NBCi slashes jobs, forecasts (DBN Subscription Required)

Rayovac Plans To Close Wisc. Plant (DBN Subscription Required)

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