February 1, 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:

California Senate Approves $10 Billion Bond Issue for Power Purchases
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Calif. to use customer bills to secure PG&E gas
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CEOs saw salary increases after energy deregulation
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California Utility Under Attack
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Edison audit raises doubts
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Power Crisis Puts Lawmakers in Hot Seat
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Power OK in Los Angeles
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Ban on state owning stock might apply to options in utilities

Energy Crisis Audit Blasts Calif. Utility
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California utility says it's facing default
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Fed Can't Ease Energy Crunch
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Western power companies, Senate Democrats urge price controls
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Power Source Ends Direct Flow To California Businesses
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California Governor Will Feel The Heat Of Western States' Ire
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California to spend more to stay in power
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Rate formula called unfair to big users

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Anna Nicole:

Smith may face perjury investigation
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Legal battles take toll on Anna Nicole
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Judge threatens to cite Smith in oil tycoon's inheritance case
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Texas Judge Admonishes Ex-Playmate in Bequest Case
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Audits paint dismal picture of Calif. utilities
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Lawsuit could increase consumer power bills significantly
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Millions sent to parent firm as utility sank deeper in debt

US taxpayers may be liable for Calif debts-senator
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L&H advises creditors on claim deadline
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Steel:

Steelworkers Hopeful Bush To Give Protection From Imports
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CSC Wants To Close Its Steel Mill
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Bethlehem Steel Reports Big 4th-Quarter Loss, Hurt by Weak Prices, Softening Demand
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U.S. steel union sees hope in Bush trade nominee
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  Bankruptcy Reform:

U.S. bankruptcy overhaul revived in Congress
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Bankruptcy bill priority for GOP
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Lawmakers Prepare for Bankruptcy Reform Overhaul

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Airlines:

Judge Rejects Legend Airlines' Bid
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Charter airline loan deal for Legend rejected; The carrier has until Friday afternoon to secure $20 million.
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Delta sifts its options as rivals consolidate
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Congress to Quiz Airlines About Consolidation
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US OKs start of TWA, AMR flier plan merger
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Court Defeat Will Cost Funk Star Clinton 'hundreds Of Millions' after failing to disclose copyright assets in bankruptcy case
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Economy:

Weakest Growth in 5 Years
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Federal Reserve Cuts Interest Rate
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More Rate Cuts Needed
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Dow Corning Reports 22% Drop in Net Income on Restructuring Costs
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Imperial Home Decor gets disclosure statement approval
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Ironbridge declares bankruptcy, Alcatel seen circling
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Kevco Inc Mulling Options Including Bankruptcy
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Cerplex Group Converts Bankruptcy To Chapter 7
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Movie Theater Industry:

Digital Pix Producer Leads Bids for Silver Chain
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Edwards deal could drop curtain on a rocky chapter
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The Edwards Theatres may have buyer
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Imperial Sugar: Refinery cited in governor’s speech seeks bankruptcy protection
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Shareholders file suit against Regent Casino owners
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Investors' lawsuit accuses defunct trucking company Intrenet of fraud
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Business Bankruptcies on the Rise

LTV works on bankruptcy procedures in court hearing
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New Bankruptcy Opinions
(1 new opinion today)

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Japan:

S&P expects more defaults in Japan, lower bank ratings
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600 Sogo creditors agree to drop loan, credit claims
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Hong Kong:

Law change spurs bankruptcy surge
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KCS:

KCS Energy To Select From Two Forms Of Exit Facility
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KCS Energy, Inc. Plan of Reorganization Accepted by Creditors and Shareholders And Confirmed by Delaware Court
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Dotcoms:

Leases Key as Dot-Coms Expire
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Dot-com Job Cuts Snowball to 12,828 in January

Letsbuyit.com Will Cut 200 Jobs, Plans to Close Some Operations
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ByeByeNow.com files for Chapter 11
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Schmitz is no white knight for LetsBuyIt
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Judge gives OK for Toysmart.com to destroy its customer list
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Letsbuyit close to deal with Schmitz
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Dot-Com Reality Deletes the Perks
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60bn wipeout for Europe's dot.coms
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Restructuring . . .

Pharmacia continues to revamp
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Alltel to Cut Staff by 400
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Job Cuts Threaten Economic Optimism
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Drug Emporium to Sell 20 Stores
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ShopKo to Close 23 Stores, Cut Jobs
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Icahn has until Friday to get Reliance bonds
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Apple Orthodontix Files Liquidation Plan

Bananas cause slip-up at Dole

With industry in bankruptcy, cap sought for nursing-home liability
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AgriBioTech Files Plan

 

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