January 9, 2001 Daily Bankruptcy News

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 ___________ 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 _____________ Weather Forecast: Enter City, State, or Zipcode: