April 27, 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:

Business growth spurs Sempra Q1 strength
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Calif. Bill Seeks Prison for Energy Price Gougers
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Calpine earnings, revs rise more than 400%
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Duke Energy chairman says FERC plan 'rational'
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Calif. Governor Slams FERC Power Price Plan
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Energy Crisis On High

Bush Remains Opposed to Electricity Price Caps
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PG&E Seeks Court Approval to Pay Pre-Petition Portion of Property Taxes
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Calif. power crisis to help deregulation - energy head
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PG&E wants to pay
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Future Shmutz - Natural gas dwindles, alternative energy pulls back
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Limited Price Controls OKd on Power Suppliers
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Calif. Assembly okays power authority bill
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Judge Denies SoCal Edison Request To Stay 17 QF Lawsuits
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Calif. treasurer asks for bond authority
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List shows 10,000 creditors seeking utility's money 

PG&E CEO: Reorganization Plan Hinges On State Pwr Bills
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Bankruptcy court injunction puts freeze on HIH's US assets
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Arizona officials allege Andersen auditors played role in fraud by a Baptist group
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El Paso: YISD candidate defends bankruptcy
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End Game for Warnaco
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  Owens Corning says plan for reorganization may not meet Aug. 2 deadline
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Bankruptcy Reform:

Bankruptcy conference nears
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Since moving into the White House, George Bush has had only one concern - returning the favours.
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Dotcoms:

Webvan fights for its shelf life
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SUMmedia.scom Announces Canadian Subsidiary Seeks Protection From Creditors
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MarchFirst on path to shed all assets
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KB Toys buys eToys.com inventory for $5.4 mln
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Lernout & Hauspie:

L&H Founders Reject Report
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L&H shareholders meet in extraordinary meeting to assess future
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EPIQ says downturn has it rolling in green
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Steelworkers unwilling to accept concessions
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Farmers co-op buys the farm
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Restructuring . . .

Ventro Cuts Workforce by One-Third
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Friede Goldman Halter to Sell BLM to Hydralift
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Heilig-Meyers to Close 346 Stores; Going Out of Business Sales to Begin Immediately
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Laidlaw paid ex-CEO $2.1-million
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Sticky Situation - Imperial Sugar is the nation's largest refiner of sugar. It's also bankrupt, thanks to the utter insanity of sugar politics
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New Bankruptcy Opinions
(3 new opinions today)

J.H. Gallet, 58, Federal Judge Who Transcended Disabilities, Is Dead
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Telecoms:

Alcatel says has taken provision for 360networks
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DSL shut down as @Link files Chapter 11
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PSINet seeks buyer after $3.2bn loss
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AtLink networking at court
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Ace-Comm reports losses, may see effect of WinStar bankruptcy

@Link reaches agreement to restore DSL
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Bookstore's bankruptcy hits colleges
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The Sport Shoe To Liquidate Inventory In 11 Stores; Chain Continues To Reorganize Under Bankruptcy Protection
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Bear Stearns sued for $1.9b in damages by fund's bankruptcy trustee 

Bear Stearns faces new lawsuit over failed hedge fund
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Problem of cash reserves to meet rising claims: Asbestos
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American Appliance bankruptcy ‘imminent’

Japan:

Japan's economic outlook bleak
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Japan's Yanagisawa: bad loans may have worsened
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Five leading Japanese life insurers have collapsed during the past 12 months. Policyholders are getting nervous
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Korea:

Hyundai: As Korean Heirs Feud, an Empire Withers Away
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