June 28, 2001  

Retired PG&E Executives Seek Full Pensions in Bankruptcy Case
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Calif. delays vote on ending retail power choice
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PG&E can ignore power debt

Edison Delays Sale of $1.2 Billion in Bonds
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PG&E given OK for cleanups
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Davis Throws Switch on New Plant
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FERC Judge Seeks Adjusted Demand In Calif Settlement
(WSJ: separate paid subscription required)

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Dotcoms:

Rap website in financial trouble
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Pillowtex Bankruptcy - Kannapolis to get a check for portion of unpaid taxes
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National Airlines:

ILFC to Bid on Bankrupt National Airlines
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Bankrupt Las Vegas-Based Airline Gets Time to Pursue New Deal
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National Issues Statement On Stay In Bankruptcy Proceedings
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Lessor, partner interested in buying National
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Washington Group:

Plan says chairman threatened to leave, depending on division sales
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Raytheon raises exposure estimate to 896 mln $US in Washington Group dispute
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Moody's May Cut Raytheon Senior Debt
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Raytheon Sharply Raises Its Exposure In Legal Battle With Washington Group
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Baldwin Piano & Organ Company Announces Debtor In Possession Financing
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Tower Records' rating downgraded
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HIH:

US creditors, angry over "blatantly discriminatory" foreign insolvency law, ride hard to cut HIH off at pass
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Slatkin investigation widens - FBI raids Hope Ranch home of investor's business associate
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Trustee takes over Keathley Aviation
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Windsor man pleads innocent in bankruptcy fraud case involving nearly $500,000
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Downgraded Comdisco to Sell Off Business Units
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Investors Unmoved by Rate Cut
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Stevens Financial Group hopeful about rebuilding - Meeting with investors highlights plans to submit reorganization plan to the court
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Movie Theater Industry:

Edwards Theatres to Seek Court Approval to Break Imax Leases
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Court OKs Loews closing   

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Orlando: Boys Ranch in Altoona files for bankruptcy
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USG Corporation Receives Approval of First-Day Orders in Chapter 11Case
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USG gets approval to pay employees
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USG Bankruptcy Documents Give No Clues About Buffett
(WSJ: separate paid subscription required)

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Record Bill For Asbestos Claims: Multiple Legal Actions Deepen Gloom For Hard-Hit Insurance Firms
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Small town of Kendleton files for bankruptcy
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Furrs:

Fleming Cos. Makes Bid on 66 Furrs
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Union Rallies During Furrs Auction

Furrs OKs $100M Offer From Fleming
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Fleming Cos. bids $57M for Furrs' assets
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Fleming Announces Growth Opportunity for Company, Customers in Southwest; Most Store Locations Would Be Owned by Other Operators, Supplied By Fleming
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Bankruptcy judge approves sale of rice mill
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Telecoms:

Lucent a bankruptcy risk? - Telecom gear maker faces pressure to sell fiber unit as bankruptcy risk looms
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360networks says will lay off 44 percent of workforce
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New Rounds of Job Cuts Seen at Lucent and JDS Uniphase
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Dallas Company Pursues Assets of Bankrupt Zephion
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Laidlaw:

Laidlaw likely to seek bankruptcy refuge
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Laidlaw trading halted for financial announcement
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Laidlaw to seek bankruptcy protection
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Steel:

Bethlehem seeks share of any union, LTV deal 

Erie, Pa.-Based Steel Company Makes Profit in Wake of Layoffs
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Tri-Union:

Tri-Union Development exits bankruptcy
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Tri-Union Development Corporation Completes Plan of Reorganization and Emerges From Bankruptcy
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Schwinn:

Put Schwinn back on a roll
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Boulder, CO-Based Bicycle, Fitness Firm Continues Search for Buyer, Denies Bankruptcy
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Fitch Lwrs Heilig-Meyers Master Trust Asset-Bkd Ctfs To 'CC/C'
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Mexican Industries' unsecured debt piles up
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Acme Metals Enters Contract To Sell Subsidiary To AK Steel
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New formula for Einstein

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New Bankruptcy Opinions
(1 new opinion today)

NextWave:

FCC-NextWave settlement far off
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The fate of NextWave's licenses for wireless spectrum is unclear
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____________Drug Emporium:

Phar-Mor Won't Bid on Bankrupt Chain
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Drug Emporium and Snyder's Agree to Fixed $21,000,000 Cash Acquisition Price
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Envisionet gets approval for cash infusion
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Newport Creamery:

Newport Creamery goes sour
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Rhode Island institution files for bankruptcy in federal court in Florida

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MicroAge:

SEC pushes MicroAge to drop indemnity clause
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SEC Says MicroAge Bankruptcy Plan Unfair To Shareholders
(WSJ: separate paid subscription required)

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Canada:

Canadians going deeper into debt: Spending More, Saving Less
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Side deal with Dylex creditor draws fire
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Dylex strikes back in war with suppliers
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Jump in insolvencies expected: Credit card debt a particular problem for many
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Italy:

Fiorentina denies bankruptcy rumor
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Court opens Fiorentina bankruptcy file
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England:

BoE warns of risks to global banking
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Can she handle it? More young women are going bankrupt than ever before
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Independent Insurance creditors to launch legal action to win compensation
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Australia:

Businesses brace for real crunch  

Burwood Road now a street of broken dreams  

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Belguim:

Swissair's Sabena reportedly needs 1 bln eur to avoid bankruptcy
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Japan:

Japan lays out roadmap for reform
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Banks may start unloading stocks fast after govt report
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Panel reveals debt-waiver guidelines
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Ukraine:

Ukrainian President Signs Bankruptcy Law

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