October 24, 2001  

Judge approves Phar-Mor's $135M DIP
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Billions of Insurance Dollars Could Depend on How World Trade Center Attacks Are Defined
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U.S. economists see job cuts and weak economy
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Lernout & Hauspie:

L&H says sell-off could be done in four weeks
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L&H sells transcription unit to MedQuist
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Diebold Buys $28M of Assets from Bankrupt Mosler
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HMG Worldwide Corporation Seeks Protection to Reorganize Under Voluntary Chapter 11 Filing
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U.S. Commercial Real Estate Weaker - Hotels Down Sharply
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Barden buys Vegas gaming hall - Businessman who couldn't get foothold in Detroit purchases bankrupt casino
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Rush Enterprises Announces Preliminary Agreements to Acquire the Assets of Bankrupt Transcom Sub
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Steel:

Court approves sale of LTV unit
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U.S. Ruling on Steel Sparks Anger
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Steel Industry Must Restructure
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U.S. Steel Actions May Put President
In Bind With Allies in War on Terror
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Steel stakeholders react to trade commission's ruling
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Judge approves sale of LTV Steel Mining
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Is America building up for a trade war over steel imports?
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US iron fist stirs global steel war
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Steel trap
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Dotcoms:

MerchantOnline Files Chapter 11
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IPO Suits Put Dot-Coms in Dual -- and Conflicting -- Roles
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Valley's recovery outlook is gloomy
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Power Utilities:

PG&E bankruptcy payments delayed: A judge says he needs time to decide if some expenses are justified
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Calif. officials said near power bond agreement
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Perhaps third time will be the charm for Davis on power contracts
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Payless Cashways gets court's OK to sell 15 stores, distribution center
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FCC Says NextWave Case Difficult
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Angry shareholders add voices to creditors to oppose Excite buyout
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Excite Investors Refuse To Let Go
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Company Reduces Bid For Assets of Teligent
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US economic slowdown hits AT&T operations

Lucent posts $8.8 billion loss in latest quarter
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Rhythms lost $450 million in final 8 months of operation

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Hewlett Packard Ups Offer for Comdisco's Computer Service Business
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Quality Stores:

Angry bondholders force Quality Stores filing
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Shrinking Quality Stores in Bankruptcy Court
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Cruise Lines:

Cruise prices sink to new lows
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Carnival Signals Enduring Booking Woes
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Passengers, crew stranded when cruise line goes bankrupt
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Carnival unit sues to seek control of Patriot - The foreclosure attempt comes on the heels of American Classic's Chapter 11 filing
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Marietta will miss riverboat visits
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High and dry? Some who planned riverboat trip may have trouble getting refund from ailing travel company

Bankruptcy leaves ship, cruises in limbo
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Restructuring . . .

AT&T to cut 2,400 jobs
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Sears to unveil overhaul plans - layoffs expected
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SBC Says Profit Fell 31% in 3rd Quarter, Plans Lay Offs, Cuts in Capital Spending
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U.S. News & World Report Reduces Staff, Cuts Salaries Across the Board
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Disney Asks 7,400 Workers to Cut Back Jobs
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B/E Aerospace Closing Five Production Plants, Lops 1,000 Jobs
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Merrill Lynch Plans to Offer
Buyout to Its Staff World-Wide
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Emerson Plans Further Job Cuts
Amid Slowdown Following Attacks
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Xerox Posts Loss - Standard & Poor's Lowers Its Bond Rating to Junk
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Mortgage Debt 'Won't Fall Off'
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New Bankruptcy Opinions
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Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Airlines:

Swissair aid boosts tension in EU talks
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Sabena goes to court amid reports it will seek final bankruptcy
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EU Questions Swissair Bailout
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Sabena May File For Bankruptcy Wednesday
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Ottawa to raise ownership limits to trigger investment in Air Canada
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Bankrupt Lodestar Energy Seeks Court Authority To End Executory Coal-Supply Deal
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Polaroid:

Meetings set to sort out Polaroid health coverage
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Polaroid Employees Pay Price for Helping to Save Company from Takeover
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Pacific Aerospace & Electronics, Inc. and Noteholders Amend Lock-Up
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The picture couldn’t be gloomier
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Japan:

Shinkin bank failures highlight stress on industry
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Japan Consumer Confidence Falls; Spending May Follow
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Solving Japan's Bad-Debt Problem
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An economic wrecking ball
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England:

A second chance - Government’s proposed reforms of insolvency law would move the country away from a culture of ‘creditor in possession.’
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BNFL dismisses 'insolvent' claim
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U.K. unveils plan for Railtrack successor
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Railtrack accused of overblowing value
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Britain's Rail Mess
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The worst of all worlds: The plan for a successor to Railtrack confuses accounting niceties with economic reality
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China:

Beijing puts freeze on state-group bankruptcies
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Korea:

Fears of debt collapse prompt difficult choices
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US$850mil Hyundai-AIG deal in jeopardy

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