January 9, 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

         
American's Credit Usage Up in November

High Court Agrees to Review Whether Appeal Documents Must Be Signed

Montgomery Ward:

Wards bankruptcy causing problems

Bankruptcy leaves Wards customers stranded

___________

Service Corp. to sell cemeteries

Bradlees CEO: closing unavoidable

Power Utilities:

California Utilities Say Governor's Plan, Which Could Result In Seizure Of Power Plants, Is Insufficient

New England Power Plant Outages Up 47% Since Deregulation, Report Says

Reliant Energy Makes Emergency Filing With FERC
(WSJ: paid subscription required)

Utilities hail California plan; consumers are wary

As Web sites glow, power users glower

PG&E freezes management salaries amid soaring power prices

Domino Effect- Power woes rule out Intel's expanding in Calif,. CEO says

Calif. utility crisis seen risk for Europe markets

U.S. Sees Natgas Heating Bills Up 70 Percent

Federal Court Says SoCal Edison Can Seek End to Rate Freeze

Southern California Edison to Lay Off 13 Percent of Its Workforce

How state's utility reform fizzled

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Las Vegas, NV: Changes proposed in Nevada homestead law

 

  Ailing Xerox Retains Bankruptcy Experts

TWA:

Consumers Could Lose in Planned TWA Deal

American to Acquire TWA, Portion of USAir

Up in the Air? | The past and future of TWA

Merger talk could put AMR on creditwatch negative

A Final Landing May Be in Store for Trans World Airlines

American-TWA Deal Raises Rumors about Continental

_____________

Economy:

Morgan Stanley Dean Witter predicts full blown US recession for first of year

Earnings May Be Worse Than Expected

Earnings: Tough Time for Banks

_____________

FTC, Texas Attorney General Object to Toysmart's Liquidation Plan

Trucking Concern U.S. Xpress Will Report Surprise Loss for 4th Quarter

Troubled times spur asset deals

Movie Theater Industry:

Buyers mine ailing Silver Cinemas

NYSE To Suspend Trading In Carmike Cinemas Friday

____________

Court Extends Order Preventing Icahn From Buying Reliance's Bonds

Oregon cattle rancher accused of bilking thousands to go on trial

LTV stock goes to OTC Bulletin Board

Mansfield, MA: Supermarket Chain Ro-Jack's Food Stores Declares Bankruptcy

 

 

 

New Bankruptcy Opinions
(4 new opinions today)

Lernout & Hauspie:

Lernout CEO Sees Positive Cash Flow By 2001

L&H to restructure, sees profits by 2002

L&H Admits Operating Loss in 2000

L&H to Shut Down South Korean Unit, Pare Singapore Office as Part of Revamp
(WSJ: paid subscription required)

_____________

Dorsey Trailers Announces Further Actions Under Bankruptcy

Dotcoms:

Bankrupt Internet firm BroadcastAmerica must turn over contracts; Firm's future still in doubt

Defunct Music Web Site, Investor Duel over Assets

MVP.com Lays Off More Employees

Boston, MA: Net firms announce layoffs, bankruptcies

Post-Rally Tales of Woe - Telecoms and dot-coms sing the "Red Ink Blues."

Long day's journey into night for Savvio

Dead Dot-Coms Auctioning $700 Chairs And Foosball Games
(WSJ: paid subscription required)

___________

Restructuring . . .

The New York Times Reports on Itself

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