February 22, 2001 Daily Bankruptcy News

February 22, 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: Calif. energy supplies ease, talks under way (DBN Subscription Required) Judge Extends Calif. Emergency Power Sale Order (DBN Subscription Required) Pacific Gas and Electric Finds No Sympathy (NYT: free registration required) Reliant CEO: Calif. Utilities Owe Millions (DBN Subscription Required) Fed's Parry: Calif. power crisis not impacting monetary policy (DBN Subscription Required) Out of Gas? (DBN Subscription Required) Crisis spawns other issues (DBN Subscription Required) Calif. faces uncertain fiscal outlook-state report (DBN Subscription Required) ______________ Steel: Bankruptcy Court Clears US Steel Purchase Of LTV Unit (DBN Subscription Required) _____________ Doskocil Manufacturing In Default Of Credit Pact, Mulls Bankruptcy (DBN Subscription Required) Elliott Associates Reports 51% Stake In Sunshine Mining (DBN Subscription Required) Imperial Sugar: Imperial Sugar sells unit to Hormel (DBN Subscription Required) Imperial Sugar To Sell Diamond Crystal Brands To Hormel (DBN Subscription Required) Hormel to Buy Assets of Imperial Sugar (DBN Subscription Required) ________________ Movie Theater Industry: CO-OP GOING PLOP - Strapped/bankrupt exhibs ready to cut distrib payouts (DBN Subscription Required) ______________ InnovaCom Files For Chapter 7 Liquidation In California (DBN Subscription Required) Bankrupt Farmers Co-op offered $11.7 million buyout (DBN Subscription Required) Consumers Made Late Credit Card Payments More Often (DBN Subscription Required) Brother, Can You Spare A Client? PR Firms Hit By Downturn (DBN Subscription Required) Ex-Digital Entertainment Network Employees Win Judgment Against Bankrupt Company's Founders (DBN Subscription Required)	TWA: Judge Rules Against Continental's Request to Postpone TWA Sale (DBN Subscription Required) Judge Nixes Motion To Stop TWA Sale (DBN Subscription Required) Continental Bid to Halt TWA Sale Denied (DBN Subscription Required) _____________ Bankruptcy Reform: House/Senate Bankruptcy status update - Wellstone conceding defeat? (DBN Subscription Required) Congress Starts Slow, But Bankruptcy Reform Is Next, And "The Next Seven Weeks Are Crucial" (DBN Subscription Required) After Clinton's Pocket Veto, Measure Has Better Shot At Passage This Year (DBN Subscription Required) Sen. Leahy Seeks Support for Privacy Amendment to Bankruptcy Bill (DBN Subscription Required) Senate Judiciary Committee Schedules Markup Date (DBN Subscription Required) ______________ Economy: Stocks Slide As Malaise Deepens After CPI (DBN Subscription Required) Outlook for Earnings Worsens as Company Warnings Rise (DBN Subscription Required) _____________ Athey: Athey Products Sold to Federal Signal (DBN Subscription Required) Alamo Group: Bankruptcy Court Gets Offer For Athey (DBN Subscription Required) Athey Products sold for $12 million in bankruptcy auction (DBN Subscription Required) Alamo Group loses court auction for Athey Products (DBN Subscription Required) _____________ KCS Energy Emerges From Bankruptcy (DBN Subscription Required) Platinum Entertainment Files Reorganization Plan (DBN Subscription Required) Paul Harris Stores, Inc. Retains Keen Realty In Chapter 11 Court Proceedings (DBN Subscription Required) Grand Union nearing its end (DBN Subscription Required) L&H not out of woods despite court approval of financing (DBN Subscription Required)	New Bankruptcy Opinions (1 new opinion today) Dotcoms: Your ASP Is DOA--What Will You Do? (DBN Subscription Required) Share the Risk (DBN Subscription Required) Boca Raton, FL: ASP HostLogic closes, says bankruptcy filing looms (DBN Subscription Required) Santa Monica, CA: GoInvest.com creditors meet in bankruptcy court (DBN Subscription Required) Letsbuyit Plans to Resume Business as Dutch Court Lifts Moratorium (DBN Subscription Required) Letsbuyit set to restart scaled-back operations _____________ Miami, FL: Prominent Bankruptcy and Commercial Litigation Group Joins Adorno & Zeder,P.A. (DBN Subscription Required) Health-care firm Henley may sell assets and file Chapter 11 (DBN Subscription Required) Anna Nicole: Ex-driver disputes Smith (DBN Subscription Required) _______________ Asbestos: Troubled Crown Cork slides on asbestos fears (DBN Subscription Required) ______________ NorthPoint Continues $1 Billion Suit Against Verizon (DBN Subscription Required) Restructuring . . . Critics look to divide Microsoft (DBN Subscription Required) Covad chairman downplays accounting changes (DBN Subscription Required) Imax to cut 130 jobs, consolidate manufacturing at Canadian plant (DBN Subscription Required) _______________ Canada: Registrar blasts big spenders who go bankrupt Angry in Alberta: Suggested one man get a medal for his 'ability to fornicate the bankruptcy laws' (DBN Subscription Required) _____________ China: China Talks Tough on Bankruptcy in Market Reform Push (DBN Subscription Required) _____________ Weather Forecast: Enter City, State, or Zipcode: