May 16, 2001 Daily Bankruptcy News

May 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

Zany Brainy: Toy seller seeks protection - Hurt by sluggish sales, Zany Brainy chain in Chapter 11 bankruptcy filing (DBN Subscription Required) Zany Brainy learns all about bankruptcy (DBN Subscription Required) Zany Brainy stumbles over Noodle Kidoodle (DBN Subscription Required) Zany Brainy Blames Beanie Babies For Ch. 11 (DBN Subscription Required) ____________________ Banks Cut Prime Rate (DBN Subscription Required) WGI fails, sets for fight with Raytheon (DBN Subscription Required) Wilmington Trust Hosts Interactive Webinar On Bankruptcy Law On May 17 (DBN Subscription Required) Loss of Internet Provider Has Businesses Searching for a Link (DBN Subscription Required) New buildings in Raleigh, N.C., Area Give Office Landlords Empty Feeling (DBN Subscription Required) Bankrupt Kitty Hawk Strikes Freight Deal With Struggling EGL (DBN Subscription Required) Anna Nicole: Bankruptcy Judge Criticizes Probate Court Injunction Prohibiting Playmate's Attorneys From Pursuing Contempt Sanction California judge sets May 24 hearing on Playmate's right to $475 million _________________ Bankruptcy trustee's suit targets Brennan's gains from sale of horse sculpture (DBN Subscription Required) Owner of Centerville, Ga., Mall Files for Bankruptcy (DBN Subscription Required) UAW Defends Bid on Bankrupt Resort (NYT: separate free registration required) Judge Postpones New Jersey Financier's Case Pending Federal Sentencing (DBN Subscription Required) American Appliance: Appliance-store patrons to receive merchandise (DBN Subscription Required) _______________ Court Bans Credit Card Protection Marketer (DBN Subscription Required) American to Drop 50 of TWA' s Gates Bankruptcy Reform: Critics say revamped Chapter 11 could sink some small businesses (DBN Subscription Required) ___________________	Power Utilities: Calif. Okays Steep Electric Rate Rise (DBN Subscription Required) $5.7-Billion Energy Rate Hike Is OKd (DBN Subscription Required) Davis finds his ramrod for risky energy bill 260 Hours of Summer Blackouts Predicted (DBN Subscription Required) The Power behind the POWER - PG&E board doesn't suffer from energy crisis Edison Deal Sets High Legislative Hurdle for Davis (DBN Subscription Required) Judge Asked to Block Freeze on Power Rate (DBN Subscription Required) New Calif. Power Rates Punish 'Energy Hogs' (DBN Subscription Required) Customers vent to state about rising power rates (DBN Subscription Required) Shortages Threaten California Economy (DBN Subscription Required) California PUC approves plan to allocate record rate hike (DBN Subscription Required) All-Out Attack on Bush Energy Plan Is Readied (DBN Subscription Required) Utilities are headed down troubling path: The expansion frenzy may eventually lead to consolidation into a few super-giant energy companies for all of the United States, Canada and Mexico (DBN Subscription Required) Agency downgrades California's credit (DBN Subscription Required) PG&E reveals banks called in $454M in loans El Paso Gas Supplier Denies Monopoly (DBN Subscription Required) Group says summer power blackout peril 'severe' (DBN Subscription Required) The Shape of Things to Come: Anaheim, Calif.-Based Fabric Dyer Closes Doors; Can't Pay Natural Gas Costs (DBN Subscription Required) Lawyers and business still have plenty of energy for their battle (DBN Subscription Required) Indifference to California (NYT: separate free registration required) U.S. warned if it doesn't invest more in infrastructure, the energy crisis will worsen (DBN Subscription Required) ________________ Finance Chiefs Now Are First to Go in United States (DBN Subscription Required	New Bankruptcy Opinions (1 new opinion today) Sunbeam: Ex-Sunbeam officers charged with fraud (DBN Subscription Required) Who's Laughing Now, Chainsaw? (DBN Subscription Required) SEC Sues Five Former Sunbeam Execs (DBN Subscription Required) SEC Alleges Fraud Against 'Chainsaw' Al Dunlap, Other Ex-Sunbeam Execs (DBN Subscription Required) SEC sues five former Sunbeam executives over 'cookie-jar' accounting (DBN Subscription Required) ________________ First Union Stands By Its Bid for Wachovia (DBN Subscription Required) Telecoms: Ericsson seeks US$31m from Globalstar (DBN Subscription Required) Internet Service Provider Failure Puts Chevy Chase, Md.-Based Bank Off-Line (DBN Subscription Required) Globalstar Posts Loss, Defaults on Debt (DBN Subscription Required) ______________ Why Good Ideas Go Bad - Boston Chicken's founder offers his insight (DBN Subscription Required) Canada: Dolphin Telecom close to drowning, facing possible bankruptcy (DBN Subscription Required) Blackwatch dreams fading: Bankruptcy protection (DBN Subscription Required) _______________ Japan: Japan FSA says shouldn't rule out 2nd debt relief (DBN Subscription Required) Debt left by Japan bankruptcies up 10.8% on year in April (DBN Subscription Required) Japan bankruptcy debt rises 11 pct in April (DBN Subscription Required) Structural reforms key to recovery (DBN Subscription Required) Failed Japanese retailing mogul turns around as a role model _______________ Turkey: Farmers put village up for sale (DBN Subscription Required) _______________ Weather Forecast: Enter City, State, or Zipcode: