August 16, 2001 Daily Bankruptcy News

August 16, 2001 Daily Bankruptcy News Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet Also available on the Web (with links to the news stories) at: http://bkinformation.com/News/DailyNews.htm Prior editions available at http://bkinformation.com/bankruptcy_news.htm

How Low Can They Go? - Drumbeat for layoffs grows as slowdown continues to idle associates, partners (DBN Subscription Required) Baldwin: Baldwin has plan to rebound (DBN Subscription Required) Baldwin pursuing new plan to survive (DBN Subscription Required) ________________ Telecoms: Global TeleSystems may seek bankruptcy (DBN Subscription Required) At Comm goes belly up (DBN Subscription Required) Covad files pre-packaged bankruptcy (DBN Subscription Required) Covad Submits Chapter 11 Reorganization Petition to Eliminate $1.4 Billion Debt; DSL Network and Customers Remain Unaffected (DBN Subscription Required) Covad Files for Bankruptcy Protection As Part of Deal With Its Bondholders (WSJ: separate paid subscription required) NextWave: Court Gives New Life to Bankrupt Wireless Firm (DBN Subscription Required) Ricochet Network Lived Fast and Died Young (NYT: separate free registration required) Analysts say DSL shakeout not over yet (DBN Subscription Required) Metromedia hurt as uncertainty persists (DBN Subscription Required) Some Pagers Going Out As Bankrupt Preferred Networks Cuts Service (DBN Subscription Required) Wavve Telecommunications, Inc. Files Chapter 11 (DBN Subscription Required) @Comm Files Chapter 11 (DBN Subscription Required) Sacramento: Wavve files for Chapter 11 protection _______________ American Homestar Announces Approval and Confirmation of Its Reorganization Plan (DBN Subscription Required) Midway: Midway's 'Appalling' Bankruptcy (DBN Subscription Required) As Midway Airlines Retrenches, the Competition Intensifies (NYT: separate free registration required) Tech gloom hits US air jobs (DBN Subscription Required) Can Midway survive? _______________ Bankrupt casino supplier forces Coast casinos to shop around (DBN Subscription Required) State Bancorp Says Probed by U.S. Attorney (DBN Subscription Required) Bridge employees await word on jobs (DBN Subscription Required) San Antonio: Steakhouse owners in default, considering Chapter 11 Online Court Access: Judicial committee proposes some Internet access to federal court records (DBN Subscription Required) Know Your Neighbor's Court Case (DBN Subscription Required) ________________	Power Utilities: Edison paints dire picture for utility (DBN Subscription Required) Firms Line Up To Get Fees From PG&E - Howard Rice, Heller Lead Pack (DBN Subscription Required) SoCal Edison rescue deadline passes without action (DBN Subscription Required) Large creditor quits PG&E committee - Bank of New York cites a possible conflict of interest and resigns from group monitoring the utility's bankruptcy (DBN Subscription Required) SEC Calif Probe Focuses On Key Consulting Firm (WSJ: separate paid subscription required) Edison Warns Still on Brink of Bankruptcy With Billions in Debt (DBN Subscription Required) Marriott to End Energy Surcharge (DBN Subscription Required) Developments in California's energy crisis (DBN Subscription Required) _____________ New evidence threatens SunCruz bankruptcy case (DBN Subscription Required) FutureLink fighting to stay alive (DBN Subscription Required) Hawaii: Park’s bankruptcy stalls city’s purchase (DBN Subscription Required) Steel: City Gives LTV Tax Breaks, $4.5 Million Loan (DBN Subscription Required) Union urges calm among 4,000 Algoma Steel workers worried about layoffs (DBN Subscription Required) Birmingham Steel Joliet plant to shut down LTV Results May Not Meet DIP Loan EBITDA Covenants (WSJ: separate paid subscription required) Market Technicals, Optimism Boost Steel Makers' Bonds (WSJ: separate paid subscription required) __________________ Judge OKs Bridge, Reuters, SunGard poaching pact (DBN Subscription Required) Heller Financial Launches First International, Web-Based Equipment Lease Transaction Platform Egghead: Fry's cooks up deal for Egghead.com (DBN Subscription Required) Egghead to file for bankruptcy (DBN Subscription Required) Egghead to Seek Chapter 11, Sell Assets to Fry's Electronics (WSJ: separate paid subscription required) Egghead.com to file for bankruptcy and sell Web site (DBN Subscription Required) ______________ Mayfair Mills filing for bankruptcy (DBN Subscription Required) Dotcoms: Etera Wilts (DBN Subscription Required) Webvan To Seek SEC OK To Stop Filing Quarterly Reports _______________ Kansas: Youthville seeks $6 million infusion - Foster care contractor tells legislators it's on the ropes (DBN Subscription Required)	New Bankruptcy Opinions (1 new opinion today) Bankruptcy Jobs (DBN Subscription Required) Bankruptcy Court Web/Pacer Site Directory Buffett's USG Stake still unchanged despite bankruptcy (DBN Subscription Required) Asbestos: Over 500,000 Claimants and $21 Billion and Counting (DBN Subscription Required) USG Gypsum Unit Down To $76M In Insur For Asbestos Costs (WSJ: separate paid subscription required) All Major Asbestos Makers Face Bankruptcy (DBN Subscription Required) _______________ Store Closing Sales to Begin Tomorrow at 25 Krause's and Castro Furniture Locations (DBN Subscription Required) Bank of America Plans to Exit Part Of Auto, Home-Lending Businesses (WSJ: separate paid subscription required) Newest Strip hotel-casino reports another loss (DBN Subscription Required) Financial Problems Force Chain of Computer Camps to Close (NYT: separate free registration required) Golden Books: Random, Classic to help Golden Books (DBN Subscription Required) Random House, Classic Media win Golden Books bid (DBN Subscription Required) Golden Books/Random House: Deal Valued At $155M (WSJ: separate paid subscription required) ________________ OXIS International Reports Increased Losses, Changes in Second Quarter, Bankruptcy Possible (DBN Subscription Required) Raytheon Sets Cost to Complete Massachusetts Power Plants at $633 Million; Estimate is well within previously disclosed range of liability (DBN Subscription Required) Canada: Public must pay church liability, conference told (DBN Subscription Required) Cedara unit gets creditor protection (DBN Subscription Required) Personal, corporate bankruptcies rise 1.3% over last year (DBN Subscription Required) Most creditors OK Uniforet plan of arrangement (DBN Subscription Required) _______________ Japan: Japan recession is unavoidable, BoJ hints (DBN Subscription Required) _____________ England: Scandal of Easy Store Credit (DBN Subscription Required) _____________ Korea: Sale of Daewoo Motor Likely to Be Delayed (DBN Subscription Required) _______________ Weather Forecast: Enter City, State, or Zipcode: