January 31, 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:

Calif Asked For Revisions To Utilities Audit Language
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Audit Confirms PG&E Near Broke
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Calif. Lawmakers Fail to Pass `Urgency' Power Measure
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Power Crisis Bill Stalls In California Assembly
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Antiquated Power Lines Add to Energy Woes
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Gov. Orders More Money for Calif. Power Bill
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Audit: utilities out of cash -- after helping shareholders
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Loss at California Utility Is Placed at $4.5 Billion
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California exhausts $400 emergency energy fund
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Power Reserves Remain Very Low California
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Bad News Mounts in Calif. Energy Crisi
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Windfall Profits Ending For Calif Small Power Producers
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Wall Street Looks to Calif. Bailout
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Nader wants Bush to intervene in Calif energy crisis
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SoCalEdison payout revelations trigger concern

Congress may wrap power deregulation into broad bills
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MBIA Expects To Recover SoCal Ed Debt Service Payments
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Situation deteriorates for California utilities
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TransCanada trading gas with PG&E amid California woes
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PG&E, Edison see bankruptcy threat ease
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Ending the Power Crisis Requires Courage
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Toronto: Officeland Files for Assignment in Bankruptcy
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Reliance:

A.M. Best Downgrades Reliance Insurance
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Icahn's Future Assured
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U.S. faults official on loan waivers for chicken plant
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Asbestos hits US again

Unpaid bill strands Yugoslav ship’s crew - Debt bars a Yugoslav ship, from leaving Honolulu
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  Airlines:

Opponents of TWA sale to American lose leverage
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Delta Instigates Broad Talks With Rival Airlines Northwest, Continental
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Creditors likely to oppose plan to restart Legend; Hearing to be held on loan proposal by Triton
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Frequent fliers: Don't fret over mergers Most miles honored
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Bankruptcy Reform:

Republicans Push Bill on Bankruptcy Overhaul
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Auctioneers, attorneys, others find 'boom times' amid the markers
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George Clinton Loses Songs - Fails To Disclose Rights In Prior Bankruptcy Filing
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S&P sees $60 billion corporate defaults in 2001
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W.R. Grace:

W.R. Grace's Shares Tumble on Concerns About Possible Bankruptcy Filing
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Asbestos litigation may force W.R. Grace to file bankruptcy

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Hints Pergament in Trouble Unpaid rent, markdowns pointing to bankruptcy
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Pacific Aerospace & Electronics, Inc. Delays Interest Payment, Bankruptcy Possible
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Movie Theater Industry:

Anschutz may bid for more theaters
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Madstone's Mettle
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Edwards Could Be Latest Link in Anschutz's Chain of Theaters
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Economy:

Consumers' Confidence Takes Steep Nose Dive
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Fed Expected to Cut Interest Rates
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What rate cut won't do for firms, stocks
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Chiquita Hires New CFO
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Solid Bargains in Liquidation? When Wards Put Sale Signs Up, Some Shoppers Let Guard Down
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Verida's Subsidiary, AgriPlace, Insolvent
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Matthews Studio Group Sells Its Operations
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New Bankruptcy Opinions
(1 new opinion today)

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Jamaica:

Jamaica hires Ocwen to resolve $1 bln bad loans
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KCS Energy to pay creditors in full
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Dotcoms:

Value in Dot-com Failure
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Letsbuyit.com To Cut 200 Staff, Close Some Country Operations
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Dying dot-coms' customers coveted But privacy worries rise with list sales
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SportsLine buys MVP.com assets
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Putting dot-coms to rest
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Heilig-Meyers Co. to close 116 more stores
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Park Place's path clear to pursue Claridge
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Anna Nicole:

Playmate, attorney exchange tense quips; Anna Nicole Smith accuses her stepson of bribing doctors
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Smith alleges stepson tried to have her killed
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Smith continues testimony in oil tycoon's inheritance case
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Oil Tycoon's Son Wanted Him to Die - Ex-Playmate
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May-December marriage was true love, Anna Nicole tells probate trial jury
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Smith says husband's former nurse lied on stand
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Talks at Tri-Valley going slow
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Restructuring . . .

Charles Schwab Orders Vacations
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El Paso Cuts Workforce by 10 Percent
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Amazon announces job cuts, narrower Q4 loss
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Discounter Crown Books to Close 28 Stores
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GRIC restructures, cuts staff
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Sonoco Announces Restructuring to Reduce Annual Costs By $25 to $30 Million
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