March 9, 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

         
TWA:

TWA board approves AMR's $742 million bid
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Icahn raises TWA bid - Increased bid comes day after TWA selected bid from American for assets
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Ally of Icahn in T.W.A. Bid Acknowledges Ticket Stake
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Icahn-financed group sweetens offer for TWA
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Freeman Proposes Revised Plan of Reorganization
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Rejected TWA bidder ups bid for non-St. Louis assets
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US Senate bill could transfer United, American slots
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L&H bankruptcy gets messier
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Regulators, Bankers Differ on Curbing 'Predatory' Lending
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Ultra Stores Files Chapter 11 Bankruptcy Petition

Dotcoms:

Tech Downturn Deflates Silicon Valley's Swagger
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Industry's Small Fry Will Miss EToys
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EToys Epitaph: 'End of an Error'
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Venture capitalists helped weave tangled Web
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Second sight 

Swept away by market's siren song
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Net realty firm Zethus shuts down operation
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Urban Box Office Seeks Bankruptcy Court OK For Funding Plan

HoopsTV is nothing on the Net; BankZip.com zapped
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CyberCash does some explaining to Nasdaq
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United Artists Theatre exits bankruptcy

S&P Lowers Ratings on Heilig-Meyers Trust 1998-2; Still Watch
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Publishing company's plan to acquire Coral Springs competitor PNV approved by bankruptcy court
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  Bankruptcy Reform:

US Senate leaders try to speed bankruptcy debate
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Bankruptcy overhaul bill bogged down in Senate
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Bill to Restrict Bankruptcies May Lead to Surge in Filings
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Banks, Big Credit Lines and Consumer Bankruptcy  

Glendale, CA: Local lawyers critical of bankruptcy bill
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Letter from Ralph Nader to Senators Trent Lott (R-Miss.) and Tom Daschle (D-S.D.)
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Tougher Bankruptcy Laws — Compliments of MBNA?
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Congress May Limit Bankruptcy Filings
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Secret Financial and Emotional Costs of Bankruptcy Take a Toll on American Families

Rush To Passage of Bankruptcy Reform and Other Laws May Cost Bush
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Benz Energy goes to Chapter 7
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Telecoms:

Satellite phones: Lost in space
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Bankruptcy Court Approves Sale and Migration of DSL Customer Accounts From Fastpoint Communications Inc. to Covad Communications
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Steel:

Bush officials weighing help for steel industry
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GS Industries Obtains Debtor-In-Possession Financing To Fund Chapter 11 Reorganization
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Bankruptcy judge reveals Grayson plea bargain effort
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Reports vary on closures of Lasik clinics
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Sunbeam Gets Bankruptcy Court OK For $1.4 Million Employee Retention Bonus Pool

CVS taking over 10 Grand Unions
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Connecticut House Passes Waterbury Bailout Bill To Avoid Bankruptcy
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New Bankruptcy Opinions
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Power Utilities:

Ruling opens door to California rate hikes
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Calif. power bonds seen as mostly tax-exempt
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Power Structure / Legislation could lock out flexible, innovative answers

A Cry for Early Blackout Warnings
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Only Time Will Tell if Energy Pacts Are Good for Ratepayers
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Small California Power Plants Shut, Posing Risk 

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Washington Group, Facing Bankruptcy, Alleges Fraud in Purchase of Raytheon's Engineering Unit
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Biddeford Textile seeks Chapter 11 protection
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Witnesses Testify in Bankruptcy Fraud, Money Laundering Case of New Jersey Financier
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Anna Nicole:

Probate Jury Disses Anna Nicole
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Brunswick Acquires Princecraft Boats In Bankruptcy Sale
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Restructuring . . .

Cisco Planning to Cut Staff
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Intel To Cut 5,000 Jobs
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Brunswick Cuts 500 Powerboat Jobs
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Japan:

Japan admits economy is facing disaster
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Japan in policy disarray, economic package awaited
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No Joke: Send More Lawyers - Attorneys are few in Japan
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Japan nearly bankrupt, finance minister warns

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